Pegaxy’s Beginner Guide
By: Gabby Gorgonio | March 5, 2022
What is Pegaxy? This is what you need to know!
Pegaxy, short for “Pegasus Galaxy”, is a horse racing P2E game where you as the player are capable of breeding Pega you own to expand your stable, or race horses through renting/owning a Pega in order to farm $VIS.
Why would I want to farm $VIS?
$VIS is a token that derives its value from market demand, as it is only created (minted) by Pega that is within the game and is the only way to breed new Pega into the Pegaxy Metaverse. $VIS is essentially the main token of Pegaxy’s racing and breeding game, apart from the small $PGX fee (governance token) that comes with breeding Pega.
Given $VIS’ utility for breeding, this token also has other and future utilities that will help give incentive for people to use (burn) the token. Examples would be:
- Name Change
- Breeding Events
- Gacha System
With more upcoming as the game continues to grow and develop!
What should i know about the price of $VIS?
It is a common misconception to believe that the team is part of the price fluctuations of $VIS, however, this is far from the truth. While the team is responsible for developing the game for people to continue utilizing their $VIS (burning the tokens), the price is not dictated by us.
$VIS is a token that is controlled by the public market, meaning, those who own $VIS. Whether it be the owners of Pegas, renters of Pegas, or those who bought the token through an exchange.
$VIS price goes up when people are buying, $VIS price goes down when people are selling.
Furthermore, it should be known that the price of $VIS and everything in relation to market sentiment is directly correlated to the public’s way of pricing Pega within the marketplace. This is largely due to the people’s idea of the “fair price” of their asset.
Want to start playing now?
Great! Now that you have a gist of Pegaxy’s economy, let’s teach you how to start!
First you have to choose whether you want to be a “Breeder”, “Renter” or an “Owner”. By the way, you can be all three!
For a step-by-step process of learning how to breed, and understanding the different bloodlines upsides & downsides…
The article named “Pegaxy Breeding Guide” will teach you:
- Why would one want to breed a Pega?
- Breeding Costs
- The different Pega Bloodlines & Rarities
- Step by Step Pega Breeding
Breeding opens you up to a world of many possibilities! Being able to grow your stable means you have the choice to either race your own Pega, let scholars race it for you, sell it within the marketplace, or whatever you wish to do with your NFTs.
All it takes to start breeding are 2 Pegas of the opposite gender, and your choice of bloodline. (More information on the “Pegaxy Breeding Guide” article)
For a step-by-step process of how to rent and start earning your $VIS tokens…
The article named “Pegaxy’s Renting Feature” will teach you:
- What is Pegaxy’s renting & shared profit?
- The different types of Renting within Pegaxy
- How to rent a Pega within the Renting tab
Renting a Pega is one of the known routes for those who wish to play the game without investing much capital! All it takes is some $MATIC token for transaction gas in order to start renting in Pegaxy’s Renting tab. That, or you can try looking for scholarships from different guilds and/or the #scholars channel of Pegaxy’s Official Discord Server.
Renters can earn $VIS through the specified percentage a manager gives to them, this $VIS is automatically sent to the renter as LOCKED $VIS and can be claimed every 15 days.
Owning a Pega is very simple, however, be sure to have your $USDT or $PGX on hand!
- Go to https://play.pegaxy.io/marketplace
- Buy your Pega of choice
Having trouble picking your Pega of choice due to the different bloodlines? Check out this informative article that was specifically made for that particular concern!
What are the benefits of being an owner? With a Pega, you can race it, let others rent it, or utilize it for breeding! As the game grows, the possibilities are endless for your Pega NFT as the developers continue to add more utility to Pegaxy.
How much do I need to start? When will I make it back?
This is a common question asked by many and we understand why. Such a question does not have a concrete answer, however, we can help you understand why!
One must understand that the price of $VIS is VERY VOLATILE, factors that make this so is due to the market sentiment, our liquidity pool, and overall buying and selling of individuals. No one can predict the ups and downs of the market. Therefore, ROI can never be expressed with certainty.
- As a Renter, all you need is a small amount of $MATIC to start renting on Pegaxy’s Renting tab, alternatively, you can find someone who can give you a Shared Profit rent. It is through this way that renters can farm $VIS.
- As a Owner/Breeder, you can come to check the price of Pegas within the Marketplace, note that the prices of Pegas are dictated by the people, and are often correlated with the price of $VIS, market speculation and sentiment.
Congratulations! You have successfully learned a lot about how it is to start and play Pegaxy, now go out there and start your journey if you wish to do so. We have 24/7 customer support on our website and Discord! We hope that this article was helpful!
Follow Pegaxy on their Facebook, Twitter, and join their Telegram and Discord to be the first to know of any news releases and updates.