Pegaxy is a play-to-earn PVP style horse racing game where players compete for top 3 placement against 11 other racers. Each race has randomised elemental variables which include wind, water, fire, speed and more. Using strategic upgrades, food and skill, players must place in the top 3 to earn the platforms utility token, VIS (Vigorus).
Within the game, players are able to breed, rent, sell, and of course race their Pega to earn VIS tokens. This system has proven to be a sound long-term economic approach when building an NFT/Blockchain based game as it enables teams to build large guilds, scholarship programs, and even provides solo players the opportunity to earn in game tokens through daily racing.
Pegaxy Stones (PGX) are located on the Polygon Layer 2 chain, developed as the governance token of the Pegaxy Metaverse. Initially, there will be very limited ways to earn PGX through gaming itself; this will eventually change with the introduction of community treasury staking
General PGX Statistics:
It should be noted, Pegaxy will not be a decentralised game on release. This process will take many years of game development and community growth. The fees (noted below) within the ecosystem of Pegaxy for the first year*, will go towards the game studio to assist in the costs of development, large scale partnerships, recruiting senior experts and building an extremely strong foundation. This system allows the game studio to move forward and increase the speed of the games development, which also speeds up the inevitable decentralisation of the game.
When staking does go live, players will be able to stake their tokens inside the treasury and are rewarded with PGX plus the ability to vote on key ecosystem developments and suggestions. Eventually, through large scale tournaments and other events, players will be able to earn PGX.
Inside the Pegaxy Metaverse, we have introduced multiple use cases for the PGX token, these include:
The Pegaxy ecosystem involves two primary fees at launch, these are:
The complete decentralisation of Pegaxy will not be a simple or quick process. Through trial and error alongside our growing community, we plan to eventually fall into decentralisation once the game economics, DAO and gameplay has been “perfected”.
Token Release Schedule
For transparency, you are able to see all wallets and their activities here: https://github.com/Pegaxy/public-contracts
Utility Token: VIS
In short, Vigorus (VIS) is the primary “earning” and “spending” token inside the Pegaxy ecosystem.
To be clear, VIS is minted (created) through players placing inside the top 3 when racing, there was no IDO for VIS and no VIS was ever “pre-minted”. VIS is burned (destroyed) through the Breeding model (and other VIS sinks in the future) outlined later in the whitepaper. Our goal is to create a reasonably balanced mint and burn ratio while avoiding micromanagement and over dictation of the ecosystem.
As mentioned, players are able to earn VIS token by racing against other players inside the game. As mentioned in the section, you must place in the top 3 to earn VIS tokens. Anyone outside of the top 3 does not earn VIS tokens. Due to the fast moving nature of the in-game economy, the awarded amount of VIS for races may change up or down in the future.
VIS token is also the primary token used for breeding and the amount of VIS required to breed depends on the breed count of each Pega. The formula for breeding can be viewed on the page.
General VIS Statistics:
The Pegaxy game was founded in February 2021. Since then, we have on-boarded over 50 full time staff from all around the world, in areas such as game design and engineering, blockchain development, unity, HR, Product Owners, Art, Customer Support and more. Pegaxy was founded by three core team members, seen below:
CEO – Ken Pham
Ken is actively involved in almost all areas of the business. He dives deep into product development, business development and international business relations.
He is a Masters Degree recipient in International Business and is known to be a very seasoned team builder. He brings along 10 years experience as a Business Establishment Consultant for many multinational corporations alongside well documented knowledge in the cryptocurrency and blockchain industry.
CTO – Steve Nguyen
Steve is the leader and mastermind in all technical and engineering areas within Pegaxy. He is actively involved in the development of the game, the development of blockchain aspects, management of the technical team and mobile game design.
He is also the CTO of Appota Group, a pioneering company building an ecosystem of products and services for over 55 millions users. With nearly 15 years of experience in the IT industry, he is considered a seasoned expert in managing and building gaming platforms and mobile apps. Steve and Appota have built and developed Gamota, one of the biggest game publishers in Vietnam.
CMO – Corey Wilton
Corey spearheads the growth and development of the Pegaxy user base and international community. He is actively involved in managing the marketing team, customer support team and brand design team.
Based in Australia, Corey has had a career spanning over 7 years inside the digital marketing and customer service landscape. Providing services to over 20 cryptocurrency projects since 2018, he has a well documented history in blockchain and brings a broad range of gaming and digital marketing experience to the team.