With much speculations of how play to earn games will rule the gaming industry, we’ve seen many gaming companies evolve into the play to earn gaming model and as well seen new games make a debut in the play to earn gaming industry. Pegaxy Racing game is another NFT Game with amazing play to earn feature.
What is Pegaxy Play to Earn Game
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).
Players may breed, rent, sell, and race Pega to earn VIS tokens. This mechanism allows teams to form massive guilds, scholarship programs, and even allows lone players to earn in-game tokens via daily racing.
The first 5,000 Founding Pega were sold in October 2021, with the IDO debut in November. The Pegaxy Development team built the first 5,000 Pega, called “Founding” Pega. Every Pega after #5,000 was generated via the game’s breeding mechanism.
About the Pegaxy Gameplay
Ken Pham, Steve Nguyen, and Corey Wilton established Pegaxy. Each creator brings a unique set of expertise to the table, although Steve is perhaps the most well-known, having founded the massive mobile gaming publisher Gamota (one of the biggest game publishers in Vietnam). The Pegaxy team has expanded to over 50 members, demonstrating tremendous strength and depth in order to continue the game’s rollout.
Pegaxy Beta was launched in Q4 2021, along with its marketplace, leasing system, and breeding programs. Long-term, the mobile version will be the primary focus of gaming, since it provides the most adaptable platform for user growth and fits within the team’s past expertise. Ken Pham, Steve Nguyen, and Corey Wilton established Pegaxy. Each creator brings a unique set of expertise to the table, although Steve is perhaps the most well-known, having founded the massive mobile gaming publisher Gamota (one of the biggest game publishers in Vietnam). The Pegaxy team has expanded to over 50 members, demonstrating tremendous strength and depth in order to continue the game’s rollout.
Pegaxy is admired in the business for its trustless rental methods, chain technology, and economic balance. Many credit its success to the game’s playability, team openness, and community interaction.
Pegaxy Beta was launched in Q4 2021, along with its marketplace, leasing system, and breeding programs. Long-term, the mobile version will be the primary focus of gaming, since it provides the most adaptable platform for user growth and fits within the team’s past expertise.
Pegaxy Gameplay Overview
In its current state, the Pegaxy gameplay is a 2D Version 1 model, with racing performance given by a random number generator (RNG) (random number generator). This will be upgraded to a more visually pleasing 3D version in the near future, with additional skill and strategy-based components included.
Horse breeding will become even more essential when the impending transition to Version 2 is completed, since higher traits for a horse will be passed down to the next generation through rarer bloodlines.
Ways to Make Money Playing Pegaxy
There are various ways to gain money by playing Pegaxy, and there are several ways to do it.
- Buy an NFT horse to race (outlay cost to buy the NFT)
- Race as a Scholar (agree on a percentage profit to race someone else’s horse)
- Rent a horse to race (Smaller outlay cost to race someone else’s horse for a fixed period)
- Breed horses to create offspring and trade these horses on the open market
- Breed horses to create offspring and use these horses to race
- Earn race yield from ownership of a Stadium (coming in Q2 2022)
There are 12 horses that compete in each race, with the top three horses winning rewards in the form of VIS game reward tokens. Currently, all race positions are determined by the RNG (Random Number Generator), 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.
In the meanwhile, the team is working on a manually player-controlled model for racing the horse, which would bring a greater element of skill to the competition. It will be more necessary than ever before to locate a Skilled Scholar who can utilize the finest techniques while managing your horse’s diet and deciding which wearables to employ for a certain race once this model is adopted.
How To Invest In Pegaxy
- Purchase a horse from the marketplace (the worth of each horse is decided by personal characteristics, rarity, and bloodline), then begin racing and collect VIS awards for finishing in the top three. The current starting price for a horse is roughly $1500. (February 2022). All of your VIS winnings would be entirely yours.
- As a Scholar, the race is important. With this earning scheme, you can select a horse owner to collaborate with on the Pegaxy marketplace and agree on a profit share of the VIS ( percent share decided by the owner). As an example, consider an 80-20 split.
- Renting a horse for a set amount of time allows you to keep all VIS earned while racing the horse throughout that time period. On the market now, an example deal is renting a horse for a month for 1600 VIS.
- If you wish to go the breeding route, you’ll need to buy at least one male and one female Pegaxy horse. When breeding, you must consider the bloodline and breed type of your breeding couple.
What are the Bloodlines of Pegaxy?
Pegaxy considers itself as a home for the Pegasus, and it does it by telling a story that is based on Greek mythology. Because of this, it provides users with a far more appealing experience through the utilization of the unique concept of the Pegasus bloodline, with each bloodline reflecting a particular rarity.
There are 4 bloodlines of Pega, each one representing a different level of Rarity. The order from most rare to least rare is below:
- Hoz – Rarest
- Campona – Rare
- Klin – Uncommon
- Zan – Common
How do You Breed Pegaxy?
As a Pegaxy owner, you must consider a variety of considerations before breeding, including your personal objectives. Before we get into the breed kinds, and probability, let’s talk about the costs of breeding. The formula is as follows:
You can breed up to a maximum of 7 generations with the most common bloodline being the dominant one when breeding the pair. The chances of breeding a male or female are random.
Pegaxy Breed Types
- Founding (5,000 initially minted with no more ever being generated)
Prior to resuming reproducing, Pegas must settle down for a period of time. There is also a cooling time for newborn Pegas before they may race. As you can see in the Article, each bloodline has its unique cooldown intervals.
Pegaxy Breeding Cost
If you want to breed NFT horses in order to develop additional NFT Horse assets, you must first grasp the costs involved. There will be an initial investment for two horses (M and F), as well as VIS and PGX payments each time you breed a Pega.
It should be noted that these values are subject to change based on the game’s economic balance. The quantity of VIS and PGX per breed may alter in the future.
- Male horse — Legendary type with Hoz bloodline
- Female horse — Epic type with Zan bloodline
- Offspring outcome — A Rare breed type with a Zan bloodline (male or female)
What is VIS in Pegaxy?
Vigorus (VIS) is the primary “earning” and “spending” token inside the Pegaxy ecosystem.
There was no IDO for VIS and no VIS was ever “pre-minted”. The Breeding model (and other VIS sinks in the future) burns (destroys) VIS. Our objective is to achieve a healthy mint-to-burn ratio without micromanaging or dictating the environment.
As stated before, gamers may acquire VIS tokens by racing against other players. As stated before, you must finish in the top 3 to get VIS tokens. Those outside the top 3 get no VIS tokens. Due to the dynamic nature of the in-game economy, the VIS provided to races may alter in the future.
The quantity of VIS necessary to breed varies on the breed count of each Pega. The breeding formula is on the Breeding page.
What is PGX token?
Pegaxy Stones (PGX) are a cryptocurrency that exists on the Polygon Layer 2 chain and was created to serve as the governance token for the Pegaxy Metaverse (Pegaxy.com). While there will initially be few opportunities to earn PGX via gaming, this will improve over time with the introduction of community treasury staking and other new initiatives.
How Much does Pegaxy Token Cost?
The price of the Pegaxy token is not stable but you can check the current price on Coinmarketcap Here
Can You Make Money on Pegaxy?
Yes. You can make money playing Pegazy in several areas, either by participating in racing competition breeding and selling Horses
Is Pegaxy Free to Play?
Pegaxy is not free to play because you have to Purchase a Horse NFT to start playing the games but Pegaxy has a very unique ecosystem that allows players to enter any race, for free. With this economic model, the gameplay is very competitive, however, the rewards are still lucrative.
How do I Start Pegaxy?
All you need to do is connect a wallet to the site (e.g Metamask wallet) and make sure you have the Polygon chain set up on it. Once you are connected to the site you can interact with the marketplace to either apply to be a Scholar and start racing without an NFT asset or start purchasing NFTs to play the game.
Pegaxy Rewards System
According to Playtoearn Online, the VIS token represents the in-game cash that players get for placing in the top three positions. Immediately before the start of a race, the prize pool is presented, and a typical prize pool can be 175 VIS in value.
Each Horse has a starting energy level of 25/25 at the start of the game. With each race that your horse participates in, you lose one energy point, which takes one hour to re-gain. You should race a horse as many times as feasible each day in order to optimize your rewards on a particular horse or horse.
In the event that you generate passive revenue from Scholars via the rental or profit sharing of your horses, you will be reimbursed in VIS. Following the conclusion of a first lease agreement for your horse, you may be entitled to receive a specified amount of VIS (decided by you) as compensation.
If you enter into a profit sharing agreement with the scholar, you will get a passive cash flow every day while the scholar races your horse, with you receiving your agreed-upon share in VIS from any prizes earned.
Overall Pegaxy Review For Beginners
Pegaxy provides a basic game concept for anybody who wants to get their feet wet in the realm of play-to-win gaming. Players will find the game more enjoyable and less of a slog as new elements are added to make it more strategic and skill-driven.
An established model like Axie Infinity is used, so players can expect the game to hold their interest over an extended length of time. The game currently provides students with a means of subsisting and investors with a means of profiting handsomely from their horse NFT investments. Over 90,000 people are part of the Discord group, and the demand for horses is enormous since the number of academics who want to race them surpasses the supply.
Details on the game’s planned events, such as stadium sales and 3D-to-2D conversions, may be found in the game’s roadmap.
There will be a shift in gameplay dynamics as new, more sophisticated features are introduced. Before food, wearables, stadium conditions, and player-controlled racing begins, make sure your Scholars have been thoroughly screened to discover the most talented ones to compete for you in the races itself. If you’re going head-to-head against the clock, keep in mind that the yield you’re used to from the current RNG system will be less.
Given the many advantages, caution is advised while playing this game and purchasing assets. At this point, the game’s economic model hasn’t been tested with a huge user base of roughly 11,000 users every day. Buying a horse right now will cost you more since the price of VIS, the currency used to measure the value of horses, is at an all-time high. The developers will need to find a strategy to keep VIS inflation under check after the market for horse breeding declines. This has to be kept an eye out for.
Another thing to keep in mind is that the vesting periods for the team and private sale investors are quite short – 12 months locked, then tokens are issued sporadically each month for the next 12 months. While Axie Infinity’s team and investors had a 65-month token vesting time, the team and investors of Heroes of Mavia will have a 5-year token vesting period. Does this demonstrate a lack of long-term dedication on the part of the team to the project?
People are earning a lot of money passively playing, and academics are clamoring to get in on the action. If the current economic model is maintained, this game has a lot of room for growth, given the upcoming improvements.
Pegaxy is another of those blockchain games with strong Development teams and projects like Pegaxy tends to grow fast but Investors must make extra research Before Investing Money into these games.