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Everything you need to know about Liquidity and Staking

By: admin | January 5, 2022
Everything you need to know about Liquidity and Staking

Providing Liquidity for $VIS: 

Providing liquidity for $VIS may sound like a technical task, but it’s very simple and rewarding! Read this article to learn about its benefits and its step by step process! 

What do I get by adding liquidity to $VIS?: 

Adding your $VIS to liquidity would allow for very generous rewards and interest on your $VIS earnings

As a liquidity provider, you are able to gain a certain percentage of the small fees traders take when they are trading. This means, you are rewarded whenever there is movement in the markets! Providing liquidity could act as passive income, and a possible generator of high percentage gains when a token’s price is stable. 

As of today, $VIS’APY is above 150% which is deemed a great opportunity by many investors. Annual Percentage Yield is the rate you earn in a year that includes compound interest, and that only means that providing liquidity is definitely an option to consider if you do not plan to use your $VIS for breeding or selling! 

Are there risks involved?: 

With any sort of investment, there is always risk. Here’s some information on the possible risks of adding liquidity; 

  • Impermanent Loss: If by any means that $VIS goes up or down fast due to volatility, you may experience an added loss due to the opportunity cost of providing liquidity and its rewards. The amount of money lost due to that change is what is called your impermanent loss.
  • Volatility of APY: Due to the volatility of the prices, the supply, and the number of people staking, movements of the expected APY is possible. 

How do I provide liquidity for $VIS?: 

  1. Direct yourself to https://kyberswap.com/#/swap which is the DEX where $VIS is listed.
    Kyberswap
  2. Connect your wallet and make sure your Network selected is Polygon.
    Polygon Network
  3. Click “Pools” located at the upper left corner of the page.
  4. Select Pair USDT / VIS, and select the option with the most liquidity by clicking on “+”.
    USDT/VIS Pair
  5. Connect your wallet and approve.
    Connecting Metamask Wallet
  6. It will give you the option to provide liquidity by either Token pair or Single Token.
  7. Insert the amount you want to provide, approve the asset to be transferred then Supply.

 

We at Pegaxy hope that you take interest in providing liquidity for both the compound interest growth of your crypto asset together with the overall health of the $VIS market. Remember to trade responsibility and educate yourself on the risks of any investment you may take.

Staking $PGX: 

Would you want your $PGX to work for you in a way where you earn more of them just by having them deposited? Deciding to stake your $PGX is a great way to receive passive income in form of the token itself, read along to understand why you should do so and how you can stake your tokens! 

Staking explained and what do I get by staking my $PGX?: 

Staking explained in the simplest possible way is that it is taking money you already have and putting it into an account to earn more, much like a time deposit. When you stake, you put your crypto out to forge batches of transactions (called blocks) in the blockchain. Contributing to the validation of these blocks would gain you its rewards. The more funds you stake, the more likely you are to get its rewards and the higher your benefit. 

What does this mean? By staking, you let your $PGX work for you so you can earn more $PGX. It’s a great way to earn passive income in tokens if you’re in it for the long term. 

Are there risks involved?: 

With any sort of investment, there is always risk. Here’s some information on the possible risks of adding liquidity; 

  • Impermanent Loss: If by any means that $PGX goes up or down fast due to volatility, you may experience an added loss due to the opportunity cost of providing liquidity and its rewards. The amount of money lost due to that change is what is called your impermanent loss. 
  • Staking coins may require a time lock: As crypto prices are volatile, if your staked assets are locked up, there may be scenarios in the short term where drops could outweigh the possible gains as you are unable to sell your tokens for a period of time. 

How do I stake my PGX?: 

  1. Direct yourself to https://kyberswap.com/#/swap which is the DEX where $PGX is listed.
    Kyberswap
  2. Connect your wallet and make sure your Network selected is Polygon.
    Polygon Network
  3. Click “Pools” located at the upper left corner of the page.

  4. Select Pair USDT / PGX, and select the option with the most liquidity.
  5. Connect your Metamask wallet.
    Connecting Metamask Wallet
  6. It will give you the option to provide liquidity by either Token pair or Single Token.
  7. Insert the amount you want to provide, approve the asset to be transferred then Supply.
  8. Head over to https://kyberswap.com/#/farms
  9. Finalize your Staking by looking for PGX – USDT, enter the amount you are willing to stake then stake your $PGX.

Staking $PGX is potentially a great way to earn more tokens and income. For long-term holders, this is one way to go about keeping your tokens with the incentive of getting a good number of rewards! Remember to trade responsibility and educate yourself on the risks of any investment you may take. 

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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