So when I heard about Pegaxy, a play-to-earn horse racing game made by a Chinese team, I had to check it out. The most popular exchange to buy and trade Pegaxy is Trader Joe, where the most active trading pair PGX/WAVAX has a trading volume of $576.10 in the last 24 hours. The game implements a dual token economy based around the governance token PGX (Pegaxy Stone) and the utility token VIS (Vigorus).
- The price of Pegaxy (PGX) is calculated in real-time by aggregating the latest data across 1 exchanges and 1 markets, using a global volume-weighted average formula.
- Also, you have 5 breeding types, from founding to rare, to choose from.
- These include speed, strength, lightning, wind, water and fire.
- X2,x10, etc. means if the price of Pegaxy Stone (PGX) will multiply by x2,x10, etc how much market cap it will have, and how it will compare then to the same coins.
Pegaxy Stone Price Live Data
As the main “earning” and “spending” token, VIS is needed for breeding and fusing Pega, where the amount required depends on the breed count and type of Pega. Pegaxy’s chief technical officer (CTO) and co-founder is Steve Nguyen, a professional engineer with extensive experience in building gaming platforms and mobile apps. He is also currently a CTO of Appota Group — a company focusing on providing platforms and technology solutions for the digital entertainment industry, based in Vietnam. The game’s main competition is The Grand Dash Tournament, an annual tournament with monthly qualification rounds. The top 12 racers with the highest statistics in each class qualify every month to make up the 132 total racers for the Grand Final, which is live-streamed across platforms. Qualifiers receive a PGX reward and a large reward from the game’s ecosystem fund is allocated towards the Grand Final.
Direct Rental
A deep dive into Pegaxy — a mythical horse racing play-to-earn game built on the Polygon blockchain. The Pegaxy price page is just one in Crypto.com Price Index that features price history, price ticker, market cap, and live charts for the top cryptocurrencies. The NFT owners could “take back” their Pegas any time they want. That’s because a user could be underperforming or even worse, not playing the game. So the owner could get their NFT back and rent it to someone who’s excited to play. After all, the goal of the profit share model is to reward hard-working scholars.
Track Pegaxy Stone price in real time, including market cap, volume, chart and all important PGX coin stats for today
Vigorus (VIS) is the utility token of Pegaxy (PGX), an NFT-based play-to-earn horse racing game with players competing for the top 3 positions in a field of 12 racers. Races in Pegaxy are influenced by randomized variables like wind, water, fire, speed, and others. Players can improve their chances of winning races by upgrading their NFT horses. Pegaxy Stone (PGX) Price today is $0.00604, for the last 24 hours 98,950 PGX coins were exchanged with a trading volume of $597. Pegaxy is a true play-to-earn mech styled horse racing game, built on the Polygon chain. Pegaxy has two native tokens within its economy, the governance token being Pegaxy Stones (PGX) and Vigorus (VIS) being the utility token of the platform.
More about Pegaxy
Pick one Pega and click ‘Start’ to find a match for you against 11 other players. To play Pegaxy, we would need to get a mighty creature called Pega as an NFT, which would literally be our racehorse. The price of Pegaxy (PGX) is calculated in real-time by aggregating the latest data across 1 exchanges and 1 markets, using a global volume-weighted average formula. Learn more about how crypto prices are calculated on CoinGecko. Showing market cap and how it’s compared to different cryptocurrencies.
I decided to go with the “buy now” option because I wanted to avoid starting a bidding war for a Pega. The VIS cost for breeding Pega can go up to 42,000, while a Genetic Fusion with 2 Epic Pega will cost 64,000 VIS. Pegaxy Stone price in US Dollar has increased by 2.20% in the last 1 month. PGX is up 0.18% against Ethereum and down -3.50% against Bitcoin in the last 1 month. Find out about The Sandbox (SAND) — a blockchain-based virtual world.
Gamers compete to finish in the top three of each race against 11 other players, so they can get rewards. During gameplay, users enter mythological creatures called Pega into player-versus-player (PvP) races and compete to gain monetary rewards. Out of the 12 participants in every race, the top 3 are given VIS tokens.
Throughout the game, a mythology-inspired theme can be observed which adds to the uniqueness of the idea. Even the name ‘Pegaxy’ ought to be derived from the term ‘Pegasus’ — a mythical winged divine horse, according to Greek mythology. All the guilds need to do is to create a rental contract that includes the rental period and the price in VIS. Pegaxy Stone’s current circulating supply is 46.82M PGX out of max supply of 1.00B PGX. He possesses a wide range of practical knowledge in digital marketing, blockchain and gaming. Although Pegaxy follows the tried and tested path of other play-to-earn games, they hope to stand out by doing everything a little bit better.
Pegaxy addresses this problem by having an automated payout and rental process. For every rental agreement, Pegaxy will provide an escrow account. This account will hold the rewards the scholar earns and distribute them according to the profit-sharing agreement. For now, there are limited ways to earn PGX from playing. Pegaxy’s team has been transparent that this play-to-earn blockchain game won’t be decentralized in the initial stages. ⚠ Trading cryptocurrencies involves risk, and may not be suitable for all investors.
The trading volume of Pegaxy (PGX) is $576.12 in the last 24 hours, representing a -84.80% decrease from one day ago and signalling a recent fall in market activity. Pegaxy metaverse beta release on desktop took place on November 15th 2021. The company plans to carry out the game beta release on mobile towards the end of 2021. According to the roadmap presented in the project’s whitepaper, the official launch of Pegaxy on iOS and Android is scheduled for the second quarter of 2022. The PGX initial DEX offering (IDO) was held on Nov. 5, 2021.
I rented one Pega for 45 PGX which at the time of writing this article is worth around $11-$12. I won one race, earning 105 VIS, which is worth $2, so I have to win 7 races to be profitable. Breeding and fusing Pega lets players create higher rarity Pega, which entitles them to participate in races with higher rewards. Pegaxy’s governance token is Pegaxy Stone (PGX), and the utility token is Vigorus (VIS).
Now that we have the three different rental options out of the way, let me walk you through the renting process. I’ve made some money from similar blockchain games like DeRace in the past, so I was eager to find out https://turbo-tax.org/ more about its Chinese counterpart. Turns out, Pegaxy is a fun and potentially profitable game. Adding Pegaxy (PGX) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more.
The eponymous Pegas can be bred if they are not part of the initial batch of 5,000 Genesis Pegas. Breeding is subject to several restrictions like bloodlines and breed types, which determine the rarity of the NFT. Pegas can also be rented, either for a fixed sum or for a profit-sharing agreement.
If a player wishes to trade Pegas, they can do so on the game’s marketplace. Currently, $PGX tokens can be used to purchase Pega in the marketplace and pay breeding fees. Also, two key use cases of $PGS is that the token can be earned as part of tournament rewards in Pegaxy and can also be staked. Click on ’Racing’ and you can see a list of races that are going live on the Pegaxy platform.
First of all, the ‘Crowned Pega’ release and the first ‘Stadium Sale’ event are the two mega-events that are being awaited by the whole community. Alongside, a community hackathon is being planned to incentivize developers with rewards to improve the Pegaxy ecosystem. From cross-chain lending to having a native NFT marketplace, the possibilities are endless. Right now, the results of each race are random with a slight dependence on how well the Pega and the Track statistics match. For example, if your Pega has a high Wind stat and races on a track with a lot of wind, your Pega has a better chance to finish in the top 3.
As long as Pegaxy continues to deliver its roadmap and grow its guild of players, the influx of gamers and scholars could likely push the price higher than what it is now. The team will take a 3% fee from all marketplace transactions as well as a breeding fee. We would discuss the breeding model in a different article. The money will go towards game development, ecosystem development, and community growth. Pegaxy is a play-to-earn PvP horse racing game built on Polygon.
While PGX enables holders to influence decisions on the platform and profit through stacking, VIS serves as a main currency facilitating the commerce inside of the game. He has supported more than 20 cryptocurrency teams with marketing services since 2018. Pegaxy Stone also has its own native token called PXS which can be used as an incentive pgx coin system within the platform. Users can earn rewards by participating in activities such as staking or trading on the exchange. These rewards are then distributed among participants according to their level of activity. Currently, all races on Pegaxy are automated and your Pega’s performance is solely based on its stats and attributes.
In each race, there are different elements that have an impact on determining the winner – speed, wind, fire, water. You can upgrade, breed or feed your Pega to boost its stats. These include speed, strength, lightning, wind, water and fire. Every Pega has 25 energy capped while each race requires 1 energy. 1 energy restores every hour, so you can enjoy daily racing. Pegaxy is also preparing to introduce a player-controlled game mechanics and migrate from being an auto-racer to featuring a skill-based gameplay.
By eliminating manual payments Pegaxy is able to ensure the transparency and safety of NFT renting on the platform. Mr. Nguyen is the game’s technical mastermind and is actively involved in the game’s design and development. He was previously the CTO of Appota Group, a pioneering company building an ecosystem of products and services for over 55 million users.