The Pegaxy game development team will eventually move to a skill-based game rather than an auto-racer. While racing, players will need to manually control their Pega, giving skilled players an advantage. Click on ’Racing’ and you can see a list of races that are going live on the Pegaxy platform.
They are powerful tokens with the ability to evolve your Pega into Crowned Pega. PFTs can be earned by referring people to the Pegaxy platform and having them own at least one Pega. Pegaxy encourages the formation of gaming guilds with a blend of investors, gamers and lenders. Guilds breed inclusiveness and collaboration amongst their members which furthers into cooperative efforts like lending in-game assets, sharing liquidity of assets, etc. Taking its inspiration from Axie Infinity, Pegaxy takes the premise of a player-driven economy to another level with its dual-token model. It has a governance token, $PGX (Pegaxy Stone) and a utility token $VIS (Vigorus).
- From cross-chain lending to having a native NFT marketplace, the possibilities are endless.
- Considering the nascent stage of play-to-earn, and blockchain games in general, there is still much more room for growth for projects building in this space.
- Alongside, a community hackathon is being planned to incentivize developers with rewards to improve the Pegaxy ecosystem.
- Pegaxy Stone is a digital asset that enables users to securely store, transfer, and exchange value.
Pegaxy Stone provides a unique solution for those looking to make payments quickly and securely. Transactions are processed almost instantly, meaning users can send money across borders in seconds without having to wait days or weeks for their funds to arrive. Additionally, all transactions are immutable and stored on the blockchain, providing an extra layer of security. The updates are soon to be available in the following releases with 3D racing, in-game Pega equipment, and player-controlled racing in the pipeline. With its innovation in trustless rental systems, on-chain technology, and balanced economic models, Pegaxy stands to grow more in the P2E gaming community. Currently, all races on Pegaxy are automated and your Pega’s performance is solely based on its stats and attributes.
Pegaxy Stone Volume by Exchange
So, after you match with 11 other players, a race of around 2 minutes goes on and you can see the live progress. With its unique idea of integrating a less-explored horse racing industry, Pegaxy is providing a platform for the niche population to grow, have fun and monetize their passion. Alongside, it appeals to the gaming masses with its economic model, tech features and more. No part of the content we provide constitutes financial advice on coin prices, legal advice, or any other form of advice meant for you to rely on for any purpose. Any use or reliance on our content is solely at your own risk and discretion. Alongside the two native tokens, Pegaxy also has a set of unique ERC-20 tokens called PFTs — Pegaxy Fabled Tokens.
Pegaxy is a cryptocurrency that is highly volatile and therefore may not be suitable for all investors. Perpetual and ETF/Leveraged trading are very risky and are not recommended for non-professionals. Complete cryptocurrency market coverage with live coin prices, charts and crypto market cap featuring coins on 750 exchanges. https://cryptolisting.org/ This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. We also gather additional information from different sources to ensure we cover all necessary data or events.
There are various randomized elements to each race, such as water, wind, fire and speed. Throughout the game, a mythology-inspired theme can be observed which adds pgx coin 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.
PGX Technical Analysis
The number of PFTs has been capped at 4000 and the attempts to evolve are set at 800. Also, there is a burning mechanism in place for Fabled Tokens which means the circulating supply will decrease over time and they become more scarce. Currently, $PGX tokens can be used to purchase Pega in the marketplace and pay breeding fees.
Pegaxy Price (PGX)
Apart from placing in the top 3 in races, there is no other way of minting $VIS. Considering the nascent stage of play-to-earn, and blockchain games in general, there is still much more room for growth for projects building in this space. Whether Pegaxy or Derace emerge as the sole winner or exist in healthy competition, only time will tell.
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. Therefore, it is impossible to accurately predict the price of Pegaxy 5 years from now. Pegaxy Stone is a digital asset that enables users to securely store, transfer, and exchange value. It is built on the Ethereum blockchain and utilizes smart contracts to ensure secure transactions. The goal of Pegaxy Stone is to provide a safe and reliable platform for users to transact with each other without the need for intermediaries or third parties. With its decentralized nature, it also offers users the ability to remain anonymous while conducting their business.
The Pegaxy platform also offers a variety of features designed to make trading easier and more efficient. For example, users can use the platform’s integrated wallet system which allows them to store multiple currencies in one place. This makes it easy for traders who want to switch between different coins quickly and easily.
Dual Token Model
Pegaxy price is $0.01792, down -0.14% in the last 24 hours, and the live market cap is $3,652,948. A balanced mint-to-burn ratio has been set by the Pegaxy team allowing the economics to be fair and just without the team wielding complete control. There is no cap on the number of $VIS tokens to be available on Pegaxy and is fully dependent on players and their racing journey.
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. Scholars (members of the guild) are the fulcrum around which the guilds revolve. With guilds, new gamers have easier access to certain games that ask for a huge capital upfront. Also, the involvement of guilds and their pooled assets open up several economic opportunities for all.
Pick one Pega and click ‘Start’ to find a match for you against 11 other players. A deep dive into Pegaxy — a mythical horse racing play-to-earn game built on the Polygon blockchain. ⚠ Trading cryptocurrencies involves risk, and may not be suitable for all investors. Among all the assets available on CoinStats, these have the most similar market capitalization to Pegaxy.
