Pegaxy and How It’s Currently Galloping to the Top

The recent spike of Pegaxy tokens in the market has drawn droves of gamers to this horse-race play-to-earn NFT game as it continues to grow in popularity. Since you’re here, you must be wondering “what’s up with the hype around Pegaxy?”, “how do you play it?”, “is it fun?”, “is it even worth playing?”, and so on. Here’s a general overview and some answers to your questions about this blockchain game that’s currently making noise in the P2E gaming space.

What is Pegaxy?

Pegasus Galaxy or Pegaxy is an NFT-based play-to-earn mechanical-horse racing game built on the Polygon network. To participate in a race and bag rewards such as the game’s utility token, VIS, the player has to own or rent a Pega. These Pegas are introduced as descendants of the mighty Pegasus. With them, the players can compete for the top 3 against 11 other racers.

But before that, you will have to connect your Metamask wallet first with the Polygon website. Secure your Polygon address for access to your assets and connect your Metamask wallet to the Pegaxy website. As soon as you finish setting up, you can start playing the game.

Players can buy or rent Pegas via the in-game marketplace. If they get at least a female and a male horse, they can breed them to create a new Pega that’s automatically recorded in the blockchain. They can either sell them within the game to earn VIS tokens or mint them. This system enables teams to build guilds and scholarship programs for solo and new players to earn through this NFT racing game.

Types of Pegas

Before you start breeding your Pegas, it’s important to learn about their types, bloodlines, tiers, and breeds.

Breeding 

In NFT games that involve in-game creatures, breeding is one of the most exciting aspects. As a player, you get a sense of excitement when taking two NFTs together and seeing what comes out of them. This process in Pegaxy produces a new Pega NFT to be minted—giving the player a sense of reaping the same cathartic reward as opening their very first Pokémon card packs.

When breeding, there are multiple factors you need to consider. These include your personal goals. In that case, you’ll need to take a careful look at the costs of breeding to get the type of bloodline and breed you’re aiming to obtain. Here’s the formula:

Breeding isn’t cheap. It requires two NFTs to start. In Pegaxy, you’ll need to pay both VIS and PGX to start the breeding process and produce a single Pega. You can only breed a Pega seven times, and each successive breeding becomes significantly more expensive.

Breed types

When it comes to quality, Pegas have up to five tiers: Pacer, Rare, Epic, Legendary, and Founding. The Founding Pegas are the first 5000 horses created in the game. They were dubbed “Founding” as they were solely created by the Pegaxy Developers themselves.

Bloodlines

There are 4 bloodlines, which in ascending order of rarity, are Hoz, Campona, Klin, and Zan. These bloodlines define the elemental affinity and the stats of your steed. By breeding two Pegas, the attributes of the least rare breed DNA and bloodline in the parents will be taken on by the resulting Pega.

There’s a cooldown time before the players can breed another pair of horses. It does take some patience until you’re able to race a new Pega again.

Overall, the breeding process is straightforward. It just costs a substantial sum to enjoy this side of the game.

Fabled Pegas

There’s also a fifth class of Pegas called “Crowned Pegas,” which players can attain by using 5 Fabled tokens. This kind of token could only be gained at the beginning of Pegaxy’s history. It’s important to note that these tokens don’t necessarily guarantee the players a Crowned Pega, rather the possibility of it. 

Another Pega that could be extremely difficult to obtain is the “Penta Crowned” Pega. With only a 0.02% chance of getting one, they’re known as the rarest out there—the “God” among all the Pegas in the Pegasus Galaxy metaverse.

Gameplay experience

When it comes to gameplay, Pegaxy almost entirely operates as a simulation. Once you’ve selected a Pega, you will be required to pay a certain amount of gas fee to enter a race. Once the transaction is completed, you will get matched at random against eleven other players with Pegas of a similar class.

The platform allows you to click around to check the stadium conditions, the race distance, and the stats of other players while waiting in the lobby. But as soon as the race begins, you’re pretty much hands-off.

Another important thing to make sure of before hitting the stadium is the variables that impact your competing Pega’s performance. These are speed, strength, lightning, wind, water, and fire. A Pega’s chances of victory heavily depend on the strength of each of these attributes and how well they match with the randomized variables of the host stadium.

A Pega can race a maximum of 25 times a day, but thankfully, there’s no total race limit. You’ll just have to wait the next day to race with your Pegas again.

What determines the winner?

The results are decided primarily by RNG. However, the attributes of the stadium and your Pega, as well as the synergy between their attributes, have a minor impact too. Make sure to choose a Pega that fits enough with the variables of the host stadium.

Tokenomics

Pegaxy, like many other NFT games, has two in-game economies and a marketplace, namely Tether, which lists external economies. 

PGX has a limited supply of 1 billion, while VIS is unlimited. Each Vigorous (VIS) token, as of early February 2022, VIS tokens is worth around US$0.17. Then there’s Pegaxy Stone (PGX), the governance token, which is worth US$0.75 each.

For the most part, VIS tokens are spent on breeding but they can also be used to cash out of the game. Players may also utilize PGX for breeding but in a smaller amount as it’s more likely spent for renting other players’ Pegas to join a race. You can, however, stake PGX for passive returns.

A bit about burning versus minting

The VIS token is currently pumping in the market and has been bullish for a few days now. As you can see in the chart below, its price is increasing in the past few weeks. This means that more people are joining and burning horses. It could go down if there’s more minting happening or more players are breeding and dumping horses in the market than the number of new owners.

Cost to play

Sadly, Pegaxy is not a cheap game to play and it doesn’t offer free-to-play mode. It’s also not skill-based so you can’t simply get your hands on the lowest end Pega and work your way to the halls of fame. You’ll need to buy or rent your first mecha-steed via a guild or directly through the marketplace.

In terms of ease of use and filtering options, the marketplace is the better option. There’s a bit of flexibility in how the relationship between seller and player can be outlined. A Pega can be either auctioned or sold at a fixed rate. Using a profit-share arrangement, renters can use a Pega for “free.” This method costs you nothing upfront, but you’ll be lucky to get more than 5% of your winnings. Or, you can go by renting it for a fixed period of time, which can range from a day to months.

Two types of renting

• Fixed renting – pay a certain amount of PGX in order to get a horse for a certain period of time (ex. 50 PGX worth of Pega for 1-day use)
• Profit-share – no investment. You’re going to just get a percentage of the money that you make using the horse. This is the only way to actually play this game without investing any money.

If the quality of the Pega you get worries you, it’s nothing to stress about at all. The game relies on random numbers generators (RNG), which means that the cheapest Pega has the exact same chances of winning as the most expensive one. By increasing their percentages in variables such as fire, temperature, and wind, they’re going to have a massive impact on your chances of winning a race.

The Marketplace

This game has a high entry barrier. The lowest-end Pega inside the marketplace would cost around ~$1,400 USDT at the moment. The floor-priced Founding Pega is at ~$3,750 USDT. On the rental front, you’re looking at getting the lowest-priced Pega to use for a day–with a maximum of 25 races–for around 55 PGX.

There’s plenty of data to look through as you find the right Pega for you. Despite the high entry barrier of this game, you should still be able to earn your initial investment back in around 1 month if you play every day. But that’s if the value of your NFT, as well as VIS, stays the same.

How to buy Pegaxy Stone (PGX)?

Getting into the game is going to require some PGX. You’re going to need MATIC first to access your Polygon account. Once done with the first step, you can exchange MATIC for PGX. You can do this via a Polygon exchange such as SushiSwap and QuickSwap.

Is Pegaxy a good play-to-earn game?

The Pegaxy marketplace, gameplay, and economy are certainly set up with play-to-earn in mind. This opens doors for guilds and scholars to come in and join the racing arena. In terms of your investment and gains, it might be easy to get caught up in the numbers.

Here’s a more detailed view of how your VIS spending would look like

Only the top 3 will earn the prizes (VIS). You can unlock the VIS tokens you’ve earned every 15 days. This system is meant to stabilize the price.

Each race costs one energy but your horse recovers 1 energy every hour, which means that a Pega earns a max of 24 energy per day.

Also, the percentage of winning depends on the number of players. 12 horses in the race, including you, means you have a .25% chance of winning. Therefore, the chance of being the first or third are exactly the same. But as I’ve mentioned, the percentage of the Pega’s variables and its synergy with the stadium affects this.

On average, you get 58.3 average VIS won. Multiply that to the token price of 0.17, you get 59.47 US dollars every single day. Divide that to the floor price to determine how much you need to actually have your return on investment. If you buy the floor-priced horse (1,400 USDT), you’re going to get your investment back in 23.5 days. No other investment offers you ROI in just 23.5 days.

Future Developments

As of the moment, the race is presented in 2D and has you looking down on static mecha-horses as they move down a track. Thankfully, this integral part of the game is going to have a huge upgrade. Soon, we’ll be relishing a more immersive 3D experience where we can see each Pega racing in the stadium itself.

Another update to look forward to is the mobile version of the game. It’s announced to be released in the second quarter of 2022, starting with Android. The gameplay in the mobile version is expected to be more enhanced than in the browsers. What’s more, it’s finally going to introduce a skill-based gaming experience with the presumed 3D horses and stadium ownership. Being able to buy stadiums enables the players to rent them out to race events, and in turn, earn more tokens.

There is still fun to be had even in the current state of Pegaxy but everyone in the game is excited about the upcoming player-controlled 3D racing experience. This upgrade on the game was planned to launch in the third quarter of 2022. It won’t be long until we could finally grind our way into the halls of fame through sheer play.

The developers of Pegaxy have also asked the community for their thoughts on allowing defensive and offensive weapons. Their ultimate goal is to take the dependence off the RNG and place it more on the skill-based play.

Thoughts about this game?

If you’re an overall fan of horse racing and you believe in this project, you should consider getting a Pega. Just looking at its current track and the game’s potential future, it’s hard not to think of it getting even bigger as we speak. And it’s not even that difficult to bag rewards.  You put money in, list your horse in a race, and hope you place in the top 3 for rewards.

If you like this post and would like to read more about this game and other blockchain games, check out our other posts. You can also add a topic you want us to discuss. Simply drop them in the comments below and we’ll get them to you. Be sure to stay ahead with us by subscribing to our newsletter.