Pegaxy – Do you have difficulties playing the e Pegaxy horse racing game? Or perhaps getting a PEGA is the issue here then you have no reason to worry anymore as I will be giving a full guide on how to play the Pegaxy game and how to get a PEGA while playing.
What Is Pegaxy
Pegaxy is a play-to-earn PVP horse racing game in which users compete against 11 other racers for the top three positions. Each race has randomly generated elemental factors such as wind, water, fire, and speed. Players must place in the top three using clever improvements, food, and skill to win the platform’s utility token, VIS (Vigorus).
Pegaxy (Pegasus Galaxy) is a horse racing Player Versus Player (PVP) to Earn Game built on Polygon Layers-2 Ethereum blockchain to settle the needs of the decentralized game developers.
It uses the dual token economic model to support zero-cost player onboarding and to provide token earning opportunities to anyone around the world.
How To Play Pegaxy
Before starting the game, make sure you have registered and have a Pegaxy account. If you don’t have one, just follow the Pegaxy registration method below!
- Visit the Pegaxy site.
- Press the Play Now button.
- Click the Connect button.
- Click Connect MetaMask to connect the MetaMask wallet.
- Pegaxy login via the linked crypto wallet.
How To Make Money On Pegaxy
There are various ways to gain money by playing Pegaxy, and there are several ways to do it.
- Race as a Scholar (agree on a percentage profit to race someone else’s horse)
- Earn race yield from ownership of a Stadium (coming in Q2 2022)
Each race features 12 horses, with the top three horses receiving rewards in the form of VIS game reward tokens.
The RNG (Random Number Generator) currently determines all race positions, but this will change with version 2, which will take into account factors such as changing environment/stadium conditions, which are linked to each horse’s attributes, the food provided to a horse, and the clothing gear apparel used on your horse.
Aside playing the game, there are other ways to make money on Pegaxy;
Breed in Pegaxy
Breeding a Pega could be the best way you can make money, since the more of these you have the better. Of course, you must understand the nature of each bloodline and other factors to produce a stronger and more durable generation.
Rent in Pegaxy
Pegaxy has a fully secure and transparent rental system. This uses automatic payments, an escrow account that distributes earnings automatically on the rental agreement. The game offers three types of rental system: Fixed Rental, Profit Sharing and Direct Rental. Pegaxy provides a perfect security system for the landlord and tenant.
Buy and sell NFTs on Pegaxy
Through direct sales or auctions, the Pegaxy marketplace is also a way to earn money in-game. You just have to be bold keep an eye on market prices and put your trading skills to use. You don’t have to play or anything like that!
How To Get a PEGA
There are two major ways to get a PEGA which are Buying and Renting
Buying
There are two types of listings within the Pegaxy marketplace – buy now and auction. I decided to go with the “buy now” option because I wanted to avoid starting a bidding war for a Pega.
Here’s how to buy Pega:
Step 1: Navigate to Pegaxy and click on the “Play Now” button to access the marketplace
Step 2: Go to Marketplace and click on Pegas
We can buy Pega with either USDT or PGX on Polygon. Now let’s find a Pega with some energy left, so we can play the game.
Step 3: Let’s buy this one by clicking on the “Buy” button
Renting
The most affordable Pegas cost at least 300 USDT which is a high barrier to entry. That’s why Pegaxy has implemented a unique rental system. In most play-to-earn games, the owner of the NFT rents it to the scholar in exchange for money.
This system has one huge disadvantage – it’s very easy for the owners to “scam” the Scholars. The owner could lend their NFT to a scholar and earn passive income from the scholar’s work without paying them. The users could grind for weeks or even months without getting any rewards. No Bueno!
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.
The escrow wallet will also keep the Pega, so the owner doesn’t have to send it to another wallet every time someone rents it. Within the Pegaxy Metaverse, there are three types of renting:
Profit Share
The profit-sharing model is for the Pegaxy whales. They can have tens or even hundreds of Pegas. That’s too many horses even for Tony Soprano. So Pegaxy wants to provide these owners with an opportunity to earn some passive income. They can rent out their horses to other players in exchange for percentage earnings in VIS.
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. How dare they? 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.
Direct Rental
This approach allows gaming guilds to support players. The rise of games like Axie Infinity shows that big guilds like YGG and Real Deal Guild can make them more accessible. With a direct rental, the guilds lend out their Pegas to the scholars without a middle man.
All the guilds need to do is to create a rental contract that includes the rental period and the price in VIS.
Fixed Rental
We have seen this model in the real world. The Pega owner lists his NFT for a fixed price in PGX. He also determines the rental period. Once someone pays the rental fee and the owner accepts it, he won’t be able to return his Pega until the rental period is over. That way, the user will have guaranteed playtime that he can enjoy.
Now, that we have the three different rental options out of the way, let me walk you through the renting process. I’d assume you already have a Metamask wallet.
Here’s how you can rent out a Pega:
Step 1: Buy Polygon on a crypto exchange
The best options here are Coinbase, Kraken and Binance.
Step 2: Add the Polygon network to your Metamask
Click on the “Add network” button and put in the following information:
- Network name – Polygon
- New RPC URL – https://polygon-rpc.com
- Chain ID – 137
- Currency Symbol – MATIC
- Block Explorer URL – https://polygonscan.com/
Step 3: Send Polygon to your Metamask wallet
Step 4: Navigate to Pegaxy’s website and click on the “Play Now” button to access the marketplace
Step 5: Press the “Renting” button
Now you will see all the renting options – pay rent fee or share profit. To rent out a Pega from a guild, we would have to reach out to them directly. Shadow Legacy Guild and Real Deal Guild are frequently looking for Pegaxy scholars. For the purposes of this article, we would be renting a Pega by paying a rental fee.
Step 6: Click on the “Pay Rent Fee” button to find a Pega you like
This female horse is badass, having 24 out of 25 energy.
Step 7: Rent the Pega by clicking on the “Rent” button
We would need some PGX to rent the NFT.
Step 8: Let’s go to CoinGecko and add the PGX token to our MetaMask
Step 9: Swap the Polygon we got earlier in our Metamask with PGX
Polygon could be a little slow, so let’s give it time.
Step 10: Rent out the Pega we liked by clicking on “Approve PGX”
We have to be patient here. The last step literally took me 30 mins. Sometimes, the spending approval could fail and I’d have to restart the transaction. I even had to buy a different Pega but we did it!
Conclusion
Pegaxy is a play-to-earn game that aims to bring more people into blockchain gaming. The team intends to release the game for low-end Android devices.
It’s an intriguing spin on the classic horse racing game. While it is not completely decentralized, it is supported by an open team. What a refreshing change!
The game is still in its early stages, but it has more than 15k active users and a mythological theme. And did I have a great time playing it.. I hope you will as well.
