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Avoiding Hacks/Scams/Fraud

By: Gabby Gorgonio | March 17, 2022
Avoiding Hacks/Scams/Fraud

Knowing full well that this game involves money means that attackers will most likely do their best to attempt fraud/scams. Read up on this article to protect yourself from some of their most common tactics.

Be sure to look out for your safety!

This is not a complete exhaustive list of what to be on the lookout for as these attackers are constantly looking for new ways to commit fraud. However, reading this article will help you recognize and avoid them. In situations like these, knowledge is both your sword and shield, arm yourself with knowledge of the following common tactics that they employ.

Fraudulent activity & Scams, why do they exist?

Your wallet exists to store, manage, and trade your funds, assets, or anything else you may own digitally. Hackers, scammers, and malicious people take advantage of those who are unaware of what they do to be able to steal or trick people into handing them over their hard-earned money.

This article was written to assist individuals in recognizing such activities that occur in the crypto-space, and to hopefully assist the innocent in avoiding falling victim to such exploitation.

Messages from Impersonators

Defined by the word itself, “a person who pretends to be someone else for entertainment or fraud.”

This type of activity is prevalent on social media platforms, or anywhere connections can be built. They will either use the name of someone you know (be it a famous person, or a family member), in order to gain your trust, blackmail/scare, or fool you with false information in order to attain your sensitive information or get you to click a malicious link.

Those who utilize this type of fraud will typically ask you to visit a site where they will make you type in your seed phrase, sign a malicious contract, or give you a virus that may lead to the hacking of your device/wallet. 

Phishing

This type of cyber-crime is quite similar to impersonation, where attackers will deliberately copy or present themself exactly like a company or respected individual you trust in order to trick the unsuspecting victim into handing out sensitive information or getting their devices installed with malicious software/code. Phishing could happen through messages, emails, websites, and even pages.  

Clicking on a possible Phishing link could lead to: 

  • A website that looks exactly like the company’s they are trying to copy to have you sign malicious contracts or put in your sensitive information
  • Downloading a virus that would lead to unwanted outcomes
  • Deploying malicious code that could lead to auto-sending the same link to your connections on that platform

Malicious Smart Contracts

A popular example of this would be minting something that costs x amount of a particular token. In order to spend such a token on a transaction, one must approve the spending by allowing the transfer of x token to the contract… However…

Imagine signing a contract that says “I allow you to transfer all my funds to another address.”

Such is an example of a malicious smart contract, coded to drain someone’s holdings of any assets that they have within that account. These could be hidden in sites that appear to look like ones they’ve copied to gain your trust, they could be sent to you by scammers tricking you to believe it must be signed for a reason, or in a project that’s purpose was to scam, etc…

This is exactly why individuals should only sign contracts from sources that they trust, and proceed with caution with “token approvals”. Be sure to check what you are signing, as this way of scamming gets the careless and unsuspecting folk the most due to how technical it is.

Clipboard Hijacking Virus

Clipboard hijacking is an exploit wherein the attacker gains control of the victim’s clipboard (copy & pasting) and replaces its contents with their own data, such as their address or a link to a malicious web site.

Such a scheme can be achieved by attackers by changing cryptocurrency wallet addresses from those saved in users’ clipboards to another owned by cyber criminals. A common way to fall victim to this would be by sending them your funds due to carelessness. When sending anything to another Metamask address, be sure to DOUBLE-CHECK where you are sending your assets to prevent falling victim to this. 

Be sure to run an antivirus scan in order to get rid of this malware immediately, so that it may not affect your future transactions.

Here are some Red Flags to look out for in a project!

We know that many of you are invested in the crypto-space as well, so if you’re ever in the itch to look for another project, be sure to take note of these possible red-flags that could potentially save you your hard-earned funds. 

  • No Transparency with situations
  • Lack of track record/Inexperienced team
  • Overpromising/Underpromising Roadmap
  • Fake Social Media followers
  • Unjust Mint Prices 
  • No Smart Contract audits

We at Pegaxy hope this helps, as we wish all of our customers safety in all projects and/or activities they may come to do. 

FAQ's

Yes, you can fuse your Pega at any breed-count however the resulting Pega will always be:

  • Fuse to Rare – Rare with 2/7 Breed Count;
  • Fuse to Epic – Epic with 3/7 Breed Count;
  • Fuse to Legendary – Legendary with 4/7 Breed Count;

If you decide to fuse two Virgin Pacer Hoz, regardless of their breed count, the resulting Pega will be a 2/7 Rare Hoz.

The resulting Pega always has the “lower” bloodline, this is similar to the breeding mechanic.

If you fuse a Hoz Rare 2/7 and a Zan Rare 2/7, the resulting Pega will be a Zan Epic 3/7.

2 Pacers + 8,000 $VIS + 30 $PGX = 1 Rare

2 Rares + 16,000 $VIS + 30 $PGX = 1 Epic

2 Epics + 32,000 $VIS + 30 $PGX = 1 Legendary

In this game, you will need to own at least 1 Pega in order to play. You can buy a Pega in our marketplace. If you want it to try first before buying a pega you can also rent one and start for free or cheaper cost depending on the renting type. There are 3 types for renting:

1. Fixed fee renting – Here, you can play it for a certain amount of time. For instance, you can rent one Pega for 100 PGX for 2 days. Then you’ll earn as much as you can during those 2 days.
2. Profit share method – Here, owners are able to share profit amount (e.g. 70% for scholar and 30% for manager). This option allows you to start the game with almost 0% investment.
3. Direct Rental – This system is specifically designed for Guilds.Direct Rental allows a Manager to create a rental contract which they can rent out the Pega directly to the Scholar for them to accept. No other person besides the Scholar it was sent to will be able to accept the Scholarship.

You will be eligible to join the race once you have 1 pega, upon joining a race, you will be pushed into a lobby matching your Pega’s class, once the lobby is full, watch your Pega race against 11 others, if you manage to place in the top 3 you will be rewarded with VIS tokens.

No, you just need to pay gas fee for moving your pega to racing metaverse after that you can race your pega without paying gas fee.

Each Pega has 25 energy capped, 1 energy is restored per hour and 1 race needs 1 energy.

For you to be noticed by Pegaxy Managers you need to be active in their community, you can also share your talent as some Pegaxy Managers look for scholars to be their artist, designer, editor etc.

There are 3 types of renting.

1. Fixed fee renting – Here, you can play it for a certain amount of time. For instance, you can rent one Pega for 100 PGX for 2 days. Then you’ll earn as much as you can during those 2 days.

2. Profit share – Just head on to the Renting tab https://play.pegaxy.io/renting and keep on pressing F5 (refresh) button until you see a “x% for you” you will be needing MATIC tokens as gas fee for you to rent and you can use that Pega to play and earn!

3. Direct Rental – This system is specifically designed for Guilds. Direct Rental allows a Manager to create a rental contract which they can rent out the Pega directly to the Scholar for them to accept.

You can use PGX and USDT as the currency for buying a Pega on the Pegaxy marketplace, you will be needing additional MATIC tokens as gas fee.

Step 1: Add the VIS CA to your Metamask. Click on “Import Token” and paste the CA:
0xcc1b9517460d8ae86fe576f614d091fca65a28fc

Step 2: Proceed to https://kyberswap.com/#/swap, connect your metamask, and switch to Polygon Network.

Step 3: Under “From”, click on “MATIC” then select any cryptocurrency (that is in Polygon Chain) you will use to purchase VIS tokens.

Under “To”, click on “KNC” below, then select “VIS” or paste the VIS CA.

Tips: 1% slippage is enough but if you would want a faster transaction, increase it to 3% or 5%. MATIC will be used for gas.

Step 4: Click “Swap”, then hit “Confirm Swap”.

Step 5: Your MetaMask will pop-up. Hit “Confirm”.

DONE! The VIS is in your MetaMask!

You can download Kiwi Browser or Yandex in Google Play Store and install MetaMask as an extension (from Chrome Web Store).

You can also use MetaMask app which can be downloaded in Google Play Store too!

1. Install Metamask to your playstore/appstore
2. Open/Create/Import your Metamask wallet
3. After you create/import your metamask wallet,
Click the three Gridlines at the left-side
corner of your screen.
4. Select Browser
5. At the Search bar, type play.pegaxy.io
6. Once you are inside of play.pegaxy.io page,
click the Connect tab, a small window pop-up appear then click Connect on Metamask

You can only breed opposite gender. Pega are metal machines, therefore when breeding, there are no restrictions. Breeding is possible with parents, children, grandchildren and so on.

The length of time needed for a baby Pega to be able to breed is 96 hours for all bloodlines.

24 hours for Hoz, 48 hours for Campona, 72 hours for Kline and 96 hours for Zan

24 hours for Zan, 48 hours for Klin, 72 hours for Campona, and 96 hours for Hoz

– The moment you connect your Metamask wallet on our website, is when your 15 days countdown began.
– Claim any time you want after your VIS is unlocked. You are not required to claim the moment it unlocks.(If you didnt claim your VIS after it unlocks, the following VIS you earn will be unlocked as well)
– The 15 day countdown resets from the point you claim.

The PGX is per breed. The VIS is per Pega, add the VIS cost of each Pega and then just add PGX.

Reset your metamask account, to reset your account go to metamask settings > advanced > reset account. This should clear all your pending transactions. Then try again edit the Gwei.
For your reference check the gas fee here https://polygonscan.com/gastracker

Changing your Pega’s name is now available! Click you Pega and choose the option to change name which can be seen on your Pega’s profile. This comes with a fee of 550 VIS.

Yes, what you have to do is go to My Assets > My Bids and withdraw it.

If Polygon is not Suspended in Binance:
1. Claim your locked VIS tokens in Pegaxy website
2. Check if the VIS tokens has reflected in your wallet in Metamask (If not, import VIS token address: 0xcC1B9517460D8aE86fe576f614d091fCa65a28Fc)
3. Swap VIS to USDC in https://kyberswap.com/. Make sure to add USDC Polygon CA to your MetaMask: 0x2791bca1f2de4661ed88a30c99a7a9449aa84174
4. Send your USDC to your Binance. (Make sure to select Polygon Network in Binance USDC Deposit)
5. Convert USDC to USDT then sell your USDT in P2P Binance in exchange to your local currency.

If Polygon is Suspended in Binance:
1. Claim your locked VIS tokens in Pegaxy website.
2. Check if the VIS tokens has reflected in your wallet in Metamask (If not, import VIS token address: 0xcC1B9517460D8aE86fe576f614d091fCa65a28Fc)
3. Swap VIS to USDT in https://kyberswap.com/. Make sure to add USDT Polygon CA to your MetaMask: 0xc2132d05d31c914a87c6611c10748aeb04b58e8f
4. Bridge USDT Polygon to USDT BSC using Synapse Brigde – https://synapseprotocol.com/ or xPollinate – https://xpollinate.io/
5. Send your USDT to your Binance. (Make sure to select Binance Smart Chain BEP-20 in Binance USDT Deposit)
6. Sell your USDT in P2P Binance in exchange to your local currency