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About Pegaxy
Key Points
- Pegaxy (PGX) is a free-to-play mech-horse racing game built on blockchain.
- The game has a dual token economy with PGX (Pegaxy Stone) and VIS (Vigorus) tokens.
- PGX enables holders to influence decisions and profit through staking, while VIS facilitates commerce inside the game.
- The game allows users to create real-world value through in-game activity.
Founders
- Ken Pham – CEO and co-founder, with a background in business consulting and blockchain technology.
- Steve Nguyen – CTO and co-founder, with experience in building gaming platforms
About Pegaxy: Revolutionizing the Gaming Metaverse
Introducing Pegaxy (PGX): A Revolutionary Gaming Ecosystem
Pegaxy (PGX) is a revolutionary, free-to-play mech-horse racing game built upon a blockchain foundation. As a pioneering play-to-earn metaverse, Pegaxy empowers users to generate tangible, real-world value through their in-game endeavors.
The game operates on a dual token economy, centered around the governance token PGX (Pegaxy Stone) and the utility token VIS (Vigorus). Notably, PGX empowers holders to exert influence over platform decisions and generate profits through staking, whereas VIS functions as the primary currency, facilitating seamless commerce within the game.
In the midst of gameplay, users engage in thrilling competitions, pitting their mythological creatures, known as Pega, against one another in player-versus-player (PvP) races, with the ultimate goal of securing lucrative rewards. In each race, featuring 12 participants, the top three finishers are awarded VIS tokens. Furthermore, the platform facilitates the buying, renting, selling, and breeding of Pega, offering players a dynamic and immersive experience.
Pegaxy’s metaverse beta debuted on desktop on November 15th, 2021. The company is poised to unveil the mobile beta by the end of 2021. As outlined in the project’s whitepaper, the official launch of Pegaxy on iOS and Android is slated for Q2 2022. The PGX initial DEX offering (IDO) took place on November 5, 2021.
The Visionaries Behind Pegaxy: Meet the Founders
Kenneth Pham, CEO and co-founder of Pegaxy (PGX), boasts a Master’s degree in International Business and a rich background in business consulting, complemented by extensive expertise in blockchain technology.
Pegaxy’s chief technical officer (CTO) and co-founder, Steve Nguyen, is a seasoned professional engineer with a wealth of experience in developing gaming platforms and mobile applications. Concurrently, he serves as the CTO of Appota Group, a Vietnam-based company specializing in providing innovative platforms and technology solutions for the digital entertainment industry.
As the chief marketing officer (CMO) and co-founder of Pegaxy, Corey Wilton spearheads the strategic planning, development, and execution of the company’s marketing and advertising endeavors. With a diverse repertoire of expertise in digital marketing, blockchain technology, and gaming, he brings a unique blend of skills to the table.
Unveiling the Unparalleled Pegaxy Experience
Pegaxy (PGX) is poised to democratize access to play-to-earn games, providing a gateway to the metaverse for newcomers without the need for an initial outlay. Notably, all races within the Pegaxy ecosystem are free to enter, and Pega are available for rent through a profit-sharing arrangement.
Pegaxy’s rental system operates on a trustless and automated framework. Within the game, every rental agreement is established in conjunction with an escrow account, which securely holds and subsequently distributes assets in accordance with predetermined conditions. By eliminating manual payment processes, Pegaxy ensures the utmost transparency and safety of NFT rentals on the platform.
Initially launched in 2D, the game is poised to undergo a graphical transformation, transitioning to a three-dimensional space once testing is complete and compatibility with low-end Android devices is confirmed. Furthermore, Pegaxy is gearing up to introduce player-controlled game mechanics, thereby evolving from an auto-racer to a skill-based gameplay experience.
The game is meticulously designed to be community-driven, with a roadmap to decentralize incrementally, ultimately relinquishing control to PGX holders as the project continues to flourish.
The Circulating Supply of Pegaxy Stones (PGX) Coins: An Overview
The total supply of PGX is capped at 1 billion tokens, with the allocation of the currency distributed as follows:
- A total of 16% of the PGX supply is allocated towards incentivizing community developers;
- A substantial 30% is reserved for ecosystem development and marketing initiatives;
- The founding team retains 22% of the total supply;
- A provision of 10% is set aside to ensure liquidity;
- An initial 10% was distributed during the inaugural private sale;
- A further 10% was allocated for the subsequent private sale;
- A modest 2% is dedicated to IDO/IEO purposes.
The Pegaxy Network’s Robust Security Framework
PGX (Pegaxy) is an ERC-20 standard token built on the Polygon/Matic network, a layer 2 solution that leverages the Ethereum blockchain, thereby offering a more economical and scalable alternative, characterized by lower gas fees and enhanced transactional throughput.
When Will Pegaxy Stones (PGX) Trading Commence?
Notably, Pegaxy’s Twitter announcement revealed that the project successfully concluded a private sale in October 2021, securing a substantial investment of $2.5 million from prominent investors, including Crypto.com Capital, Kyber Ventures, and Shima Capital. Furthermore, the project’s Initial DEX Offering (IDO) took place on November 5, 2021.
Will Pegaxy Stones (PGX) Reach the $1 Milestone?
As of December 2021, PGX is currently trading at approximately $0.25. Having debuted at $0.02 during its initial coin offering (ICO), the token’s value surged significantly following the game’s beta release in mid-November, reaching an all-time high of $0.9051. Given the project’s ongoing growth, coupled with its notable attention from investors, media outlets, and enthusiasts despite its relatively recent inception, Pegaxy’s governance token is poised for potential further appreciation, particularly with the forthcoming introduction of 3D gameplay, the rollout of skill-based game controls, and the official launch of the Pegaxy metaverse.
Acquiring Pegaxy Stones (PGX): A Comprehensive Guide to Exchanges and Marketplaces
PGX is now accessible for acquisition on KyberDMM (Polygon) and QuickSwap, with the convenience of trading in the PGX/USDT pair.
New to the world of cryptocurrency? Explore the ins and outs of entering the market and discover how to acquire Bitcoin (BTC), Pegaxy (Pegaxy Stones (PGX)), or any other token on CoinMarketCap’s comprehensive education portal — Alexandria.
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