Pegaxy takes the Play-to-Earn concept to the next level by incorporating more unique elements that set it apart from the competition in the GameFi market.
Brief Introduction
Pegaxy is a play-to-earn PVP horse racing game in which users compete against 11 other racers for top three positions. Wind, water, fire, speed, and other elements are randomly assigned to each race. Players must place in the top three using clever improvements, food, and skill to win the platform’s utility token, VIS.
Players can breed, rent, sell, and, of course, race their Pega to earn VIS tokens in the game. This concept has proven to be a smart long-term economic approach for developing an NFT/Blockchain-based game since it allows teams to form large guilds, offer scholarship programs, and even allow lone players to make a second income by racing every day.
The first 5,000 Founding Pega will be sold in October 2021, one week before PGX will be released via IDO. The first 5,000 Pega are known as “Founding” Pega since these are the only ones that the Pegaxy Development team will create. Every Pega beyond #5,000 will be minted (produced) using the game’s breeding model.
Pegaxy wants to become the Metaverse’s home of horse racing, while also providing an ecosystem where users can play, socialize, and work in the same place, thanks to deliberate development and community feedback.
Stand Out Features
Renting
The Pegaxy rental system is the first trustless rental system with a dual token economy in a Play-To-Earn game.
When it comes to renting, the team has worked hard to ensure that not only Pega owners (Managers), but also renters, are safe (Scholar). The Pegaxy rental system now has an automated payout and rental process. In a nutshell, Pegaxy creates an escrow account for each rental agreement that receives all rewards and distributes them according to the rental profit split that was agreed upon.
Within the Pegaxy game, there are three different forms of renting. Fixed Renting, Profit Share, and Direct Rental are the three options, each with its own set of rules between the Manager and Scholar to assure a win-win result in any situation.
Dual Token
Pegaxy implemented the Dual Token Economy with PGX as their Governance Token and VIS as Utility Token.
- Pegaxy Stones (PGX) are a governance token produced by the Pegaxy Metaverse and are found on the Polygon Layer 2 chain. Initially, there will be very few methods to earn PGX through gaming; but, with the advent of community treasury staking, this will change.
- The Pegaxy ecosystem’s principal “earning” and “spending” token is Vigorus (VIS). There was no IDO for VIS, thus it was coined (made) by players finishing in the top three when racing. The Breeding model causes VIS to be burned (destroyed). In the game, users can acquire VIS tokens by racing against other players. The quantity of VIS a player earns is determined by the Class in which their Pega is participating and their overall position in the race.
IDO
The Token and NFT Sales for $PGX will begin November 5th 2021 on the KrystalGO IDO Platform. Keep an eye out for further information on their website and social media platforms.
NFT Sale
The official NFT Founding Pega sale will be held on October 29th for whitelisted participants.
For buying and selling, Pegaxy has its own local marketplace. Gamers are welcome to buy and sell NFT using the Buy Now/Auction method.
Every transaction on the Pegaxy marketplace incurs a 3% seller charge. No matter the currency you choose to sell your Pega, Food, Gear, or Stadium, the charge remains the same.
How the game works
What to prepare?
Before we go any further, it’s important to know that all races are free to enter and there are no entry fees. To compete in a race, you must have at least one Pega.
Simply click the “Race” option once you’ve entered the Pegaxy game. After there, you’ll see an instant matchmaking area, click “Ready,” and you’ll be placed into a room based on your Pega’s “Class.” Once your lobby is full, a 60-second countdown will begin. During this period, you will be able to attach “Gear” to your Pega (if you have any), which allows you to change the attributes of your Pega.
How are the race results determined?
The race is mostly set by the Random Number Generator (RNG) at the start of the game, giving you a reasonable chance to place in the top three.
They’re trying hard to include as many player-controlled aspects as possible in Pegaxy, which will give higher-level players a better chance of placing in the top three because they’ve spent more time learning the game mechanics. A few months after the game’s release, an update will be issued.
Alignment of Pega with track attributes (Earth, Water, Lightning, Speed, etc).
Pegaxy will transition from an auto-racer to a more manual skill-based game in the future. During a race, they will be expected to manually control their Pega, which will allow competent players to perform better in the game.
The Post Race Result
After the race, you can study not only the results, but also all of Pega’s information, including race history, bloodline, and other details.
- Transparency will be the Race Reward for the top three finishers.
- The race is recorded and can be viewed as a replay.
- Any suspicious activity can be reported.
The Grand Dash Tournament
Each month, the top 12 racers with the best statistics in each class compete in the Grand Dash Tournament! Each year, the Grand Dash Final is held in December after 11 months of qualifying.
Each month, 60 players from five different classes compete in the grand final, with a total of 132 racers competing in each class’s grand final (660 players all classes combined). The Pegaxy Metaverse’s Grand Final is the single largest day of racing. Spectators may witness the quarterfinals, semi-finals, and grand finals for each class live-streamed across all platforms, complete with live statistics and racing.
Roadmap
Q3 2021:
- $PGX Private Sale Conclusion
Q4 2021:
- Initial DEX Offering for the $PGX Governance Token
- Initial Founding Pega Sale
- Beta Release of the Pegaxy Game on Desktop
- Native Marketplace Release
- Renting Platform Release
- Breeding Platform Release
- Issuance of Earned Fabled Tokens to Players
Late Q4 2021:
- Beta Release of the Pegaxy Game on Mobile
- Beta Release of 3D Gameplay on Desktop
Early Q1 2022:
- Initial Sale of Pega Gear and Food
- The Grand Dash First Global Tournament
Q1 2022:
- Beta Release of 3D Gameplay on Mobile
- First Stadium Sale Event
- The rollout of Skill Based Game Controls
- Pegaxy.wiki Released
Q2 2022:
- Official Release of Pegaxy Game on iOS and Android Device App Stores.
- Pegaxy Community Hackathon with Rewards From Developer Incentive Fund
Q3 2022:
- Introduction of the Community Treasury (fees from marketplace and breeding)
Q4 2022:
- Introduction of Staking $PGX into Treasury.
Q1 2023:
- Introduction of Secondary Racing Mode.
- Introduction of Pega Burn System.
Q2 2023:
- Initial Sale of Perseus (Rider) NFT’s
Q3 2023:
- Introduction of Community Based Games
Q4 2023:
- Interoperability/Cross Chain Use of Pegaxy NFTs in Other Games
Artwork
Pega’s early development models lacked wings, but over time, and in honor of the Metaverse moniker Pegaxy (Pegasus Galaxy), wings were added as a symbol of devotion to the great Pegasus, the Metaverse’s most adored god.
Pega’s design inspirations ranged from cyberpunk to mech, and eventually culminated in the Pega you see today. Pega has four bloodlines, each of which represents a distinct level of rarity: Zan, Klin, Campona, and Hoz, which is the rarest.
Closing
Pegaxy is a horse racing game, built on Polygon that is inspired by Axie Infinity. It has integrated many security improvements and an environment that allows players to participate in any race for no cost. Prepare to race, devote time, and become one with your Pega; the rewards will be well worth the effort.
Learn More
Official website: https://pegaxy.io
Proof of concept video: https://www.youtube.com/watch?v=f9FwQBgeleY
White paper https://whitepaper.pegaxy.io
Facebook: https://www.facebook.com/PegaxyOfficial/
Twitter: https://twitter.com/PegaxyOfficial
Discord: https://discord.gg/pegaxy
Telegram: https://t.me/pegaxyglobal
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