What is Pegaxy Stone?
Pegaxy (PGX) is a unique play-to-earn horse racing game where players compete for the top three positions using strategic upgrades, skills, and food to earn the platform's native utility token, VIS (Vigorus). The game's ecosystem allows players to rent, trade, and breed their horses, with each race consisting of random elemental variables such as wind, water, speed, and fire. According to the game's whitepaper, Pegaxy has four different Pega (horses) bloodlines or breeds: Hoz, Campona, Klin, and Zan.
What makes Pegaxy stand out is its unique economic model. Players can enter any race without paying any fees, making the game highly competitive as they participate with 11 other racers to win the top three spots. The rewards for players are lucrative, with the vision of Pegaxy being to strategically develop the platform to become the home of horse racing in the metaverse. Additionally, Pegaxy provides an ecosystem where users can play, work, and socialize.
The Pegaxy Metaverse is developed on the Polygon Layer 2 solutions and works on a dual-token economic model. The governance token of the ecosystem is PGX (Pegaxy Stone), and the utility token is VIS (Vigorus). PGX token is the governance token and is utilized for multiple reasons, including rewarding digital tokens to players who stake their tokens inside the treasury, giving users the right to vote for suggestions and development of the ecosystem, and earning rewards in large tournaments.
VIS (Vigorus) is the primary "spending" and "earning" token for the Pegaxy ecosystem, and it can be used as the primary token for breeding. However, the breeding amount of VIS depends on the Pega's breed count. Fabled tokens are ERC20 tokens on the Polygon chain, and users can earn them by referring a person to the Pegaxy platform, and that person has to trade at least one Pega.
The Pegaxy game was co-founded by Ken Pham (CEO), Steve Nguyen (CTO), and Corey Wilton (CMO) in February 2021, with the initial sale held in October 2021. The total supply of PGX tokens is 1,000,000,000 PGX, whereas the total supply of Fabled tokens is 4,000.
In conclusion, Pegaxy is a promising blockchain-powered horse racing game with a unique economic model, offering players the chance to compete for top positions and earn rewards using strategic upgrades, skills, and food. With a vision to become the home of horse racing in the metaverse, Pegaxy's ecosystem provides users with the ability to play, work, and socialize, with its governance token PGX and utility token VIS at the heart of the platform.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
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