How does Pegaxy generate Revenue?
By: Gabby Gorgonio | February 21, 2022
They say the first thing one needs to understand about any lasting business is of course, “How do they make money?”. We understand that some people seem to be confused about where the Pegaxy studio acquires their funds for its growth, read up on this very short article to be informed about how Pegaxy generates revenue!
Where does the money go?
Since Pegaxy is a company with a working product that aims to continue developing and expanding, budget is a necessity. The money collected from the multiple ways Pegaxy acquires revenue goes to the progression of the game. Examples of these are the following:
- The costs of game development
- Large scale partnerships
- Recruitment of senior experts
- Many more growth related activities/ventures…
How does Pegaxy make money?
Fees within the game:
- The studio receives funding from the 3% fee of all Marketplace Transactions, regardless of whether the sale was done by $PGX or $USDT tokens.
- The $PGX portion of the breeding cost
All fees will be directed to the game studio for the first 12 months to assist in the progress of the game. This is all done in order to advance the development quicker, so that it may reach its phase of decentralization.
Pegaxy is a business start-up that is growing at an exponential rate, there are many high profile Venture Capitalists that are more than willing to back the business up. If Pegaxy wishes to do so, they could ask for extra capital raises/funding for development from these individuals.
What is a Venture Capitalist?
“A venture capitalist (VC) is a private equity investor that provides capital to companies with high growth potential in exchange for an equity stake. This could be funding startup ventures or supporting small companies that wish to expand but do not have access to equities markets.” (investopedia, 2021)
There are multiple individuals/groups that are willing to support the company financially in exchange for some form of Pegaxy related tokens and/or equity.
A number of folk believe that the Pegaxy (the company) generates massive funds from tokens such as $VIS swinging up and down, but that is far from the truth. $VIS is only generated through Pega, and the company does not profit or generate development funds through this token.
In order to clear some misconceptions, the team does NOT generate revenue from any of the following:
- Anything that is bought/sold with $VIS
- Liquidity Pools/Staking
- Breeding Events meant for $VIS burning/liquidity
The team wishes to remain transparent; the company’s funds come from $PGX related fees & funding from VCs.
Congratulations, now you have learned how Pegaxy generates revenue. We hope that this gives people an understanding of how the team gathers funds for the development of this massive project.
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