Pegaxy is a PvP style P2E horse racing game where metal horses called Pega have 15 different players fighting each other to win on a racing arena. In this article, “What is the Pegaxy game?” and “How do we profit from this game?” we will seek answers to your questions.
About Pegaxy
Pegaxy has a different system from traditional horse racing. Traditional horse racing is a system where you make predictions about which horse will win. However, in the Pegaxy game, it consists of a system where you try to make the horse win by training the metal horses called Pega in line with your strategies.
You can also rent, train, assemble, breed and enter your horses in organized races in the Pegaxy game. Races have some difficulties and strategic features. In Pegaxy, there are different ways to win besides races. You can play the Pegaxy game either from your browser or via mobile (beta).
Game Content
To enter the Pegaxy game, you must first connect your wallet to the Polygon network and the Pegaxy website. You need a Pega horse to participate in the races. While participating and racing in the Pegaxy game is completely free, as of 17 September 2022, you have to pay a certain entrance fee depending on the type of Pega horse you own. In these races, where 15 participants participate, the top 3 winners are rewarded with the in-game currency VIS token. At the end of the race, you can watch the race history and, if you wish, you can share the race history with another user.
You can participate in the Grand Dash Tournament, which is held annually, except for the races held daily in Pegaxy game. For the Grand Dash tournament, the players with the best statistics of each month are determined as a result of the races held daily. The player with the highest statistics each month qualifies for this major tournament. In addition, the winner of each month is rewarded with a small amount of PGX tokens. In the same way, at the end of this big tournament, the names that enter the top 3 are rewarded with PGX tokens.
Now that we understand the races and the rewards that the races bring, we can start studying the Pega horses and the characteristics of these horses that are necessary to participate in these races.
Pega
First of all, to own a Pega, you need to buy it from Pegaxy’s local market. You can buy Pega via auction or direct purchase on the Pegaxy market. Pegas have their own lineage and rarity level. Once you own a Pega, you can rent, breed and sell your Pega horse.
Breeding
First of all, you should know that there is a certain cost in breeding procedures. Reproduction costs may vary according to the economic balance of the game. In the breeding process, the pedigree and rarity of Pegas play an important role in the baby Pega being produced. The gender of the Pegas are determined in a 50/50 way. In order for a Pega to reproduce, it is divided into certain hours according to the level of rarity. For example, a Pega descended from Hoz must wait 24 hours to reproduce, while a Pega descendant of Zan must wait 96 hours. Of course, a newborn Pega cannot participate in the races as soon as they are born. The newborn Pega can participate in the races after waiting for a certain period of time according to the rarity level.
Fusion
The Unification feature is the process of forming a single stronger Pega from the combination of two different Pegas or two Pegas of the same type. Pegas can get higher rewards from the races they participate in, depending on their rarity level. The merger process has a certain cost. You can see it from the image below.
Renting
There are 3 different ways to rent at Pegaxy. In the rental process in the form of Fixed Rental, users rent the Pegas they will rent, subject to a certain period and price. After the renting user rents his/her Pega, he/she cannot take it back before the rental period expires. Users who want to rent in the form of Profit Share rent their horses by setting a profit rate. In other words, if the rented Pega horse participates in any race and wins a prize, the person renting his/her Pega gets a share of the prize equal to the profit rate he/she has determined beforehand. The Direct Rental system, on the other hand, is designed for guilds and works in a similar way to the Profit Share system.
Tokenomics
Pegaxy platform has 2 different tokens, Governance Token (PGX) and Utility Token (VIS). The total supply of PGX Token is 1,000,000,000 PGX (1B) and its distribution is as follows;
- Community Developer Incentives: 160M 16%
- Ecosystem Reserve and Marketing: 300M 30%
- Team: 220M 22%
- Liquidity Provisions: 100M 10%
- #1 Private Sale: 100M 10%
- #2 Private Sale: 100M 10%
- IDO/IEO: 20M 2%
Roadmap
When we look at the roadmap of Pegaxy, we see that it has successfully achieved its goals until the third quarter of 2022.
Team
Pegaxy was founded in 2021 by Corey Wilton and Steve Nguyen. The platform is also backed by Mirai Labs, the game development company they co-founded. The Pegaxy team has employees from many different countries. When we look at the founding team of Pegaxy, we see that it consists of people with extensive experience in the crypto and gaming industry.
Summary
Pegaxy is a P2E horse racing game that includes various ways to win. In the game, you can participate in races with Pega horses and win prizes given at the end of the race. You can also earn income by using features such as renting these Pega horses. Pegaxy game, although simple in terms of gameplay, has a very different mechanics in the game. We can say that features such as lineage and rarity level of Pega horses bring a different structure to the game in terms of gameplay and ecosystem sustainability. In addition, the ability to do things such as merging and breeding on Pega horses allows players to obtain different Pegas.
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