Because the identify says, Pegaxy, Pegasus galaxy, is a play-to-earn platform for having fun with thrilling Pega racing adopted by a futuristic mythological mode. Pegaxy is a singular and thrilling NFT based mostly recreation constructed on a twin financial mannequin, offering the consumer with two sorts of native tokens, Governance Token (PGX) and Utility Token (VIS).
PGX– alias Pegaxy Stone is an ERC-20 token constructed on Polygon (previously often called Matic) layer 2, a scaling resolution for the Ethereum platform that facilitates quick, safe, and cheaper transactions on the community.
PGX is developed as a governance token with a complete provide of 1 Billion tokens; nonetheless, there will likely be just a few methods to earn this token at first, like reside staking or occasional occasions. However will finally enhance with the neighborhood development and the launch of the treasury neighborhood.
Inside Pegaxy Metaverse, there are a number of use instances of PGX, like:
- Paying the Breeding Payment.
- Staking the tokens.
- Buying the NFTs like meals, gear, or Pega.
- Taking part in large-scale tournaments or occasions.
Other than that, the consumer should pay the PGX payment involving breeding and a 3% payment of {the marketplace} transaction.
PGX Allocation
There’s a 1 Billion provide of PGX, which is allotted completely among the many crew, ecosystem, advertising and marketing, and personal sale.
Ecosystem Reserve and Advertising: 30%- 300 million and will likely be launched in response to the requirement.
Crew: 22%- 220 million, locked for 12 months however launched linearly inside 12 months.
Group Growth Incentive: 16%- 160 million all through the 24-month linear launch.
Liquidity Provision: 10%-100 million launched when there’s demand.
#1 Personal Sale: 10%-100 million, 10% at launch with a 3-month lock-in after which linear launch inside 12 months.
#2 Personal Sale: 10%- 100 million. 10% at launch adopted by a 3-month lock-in after which 12-months linear launch.
IDO/IEO: 2%- 20 million, 50% of which will likely be launched and distributed inside 5 months.
Utility Token- VIS
VIS, in any other case often called Vigorous, is an ERC-20 Utility token of Pegaxy constructed on Polygon layer 2 Blockchain. Because the identify suggests, utility token VIS is the in-game forex created by the gamers and for the gamers. The first objective of VIS is to earn and spend, and different major in-game use instances are as follows:
Racing
The consumer can mint VIS by incomes the highest 3 positions among the many different 11 opponents within the race; nonetheless, the reward depends upon the category of Pega you used within the race and its place. Furthermore, due to the various in-game financial system, the quantity of rewarded VIS might fluctuate as properly.
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Breeding
Breeding is taken into account the spine of the Pegaxy ecosystem. VIS is used for breeding Pega to supply a child Pega and the quantity of VIS required depends upon the breed depend. Moreover, simply as in racing, the VIS quantity might fluctuate in breeding with the sport’s financial modifications.
VIS is minted by means of the gamers by way of racing and destroyed on the identical time by way of breeding to take care of an inexpensive financial steadiness of the sport and keep away from any mismanagement within the ecosystem.
Discover extra details about Pegaxy
Web site: https://pegaxy.io/
Whitepaper: https://whitepaper.pegaxy.io/
Twitter: https://twitter.com/PegaxyOfficial
When you have any questions, feedback, solutions, or concepts concerning the mission, please electronic mail [email protected]
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CoinCu Ventures
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