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Understanding the $VIS Mint & Burn Ratio

By: Gabby Gorgonio | April 11, 2022
Understanding the $VIS Mint & Burn Ratio

Understanding the mint and burn ratio of $VIS is crucial in knowing the economy and its overall health. This article hopes to equip you with sufficient knowledge that you may be able to comprehend the data that is shown. 

What does Mint & Burn mean?

In order to grasp the data that will be presented later on, first, we have to define what both “minting” and “burning” is and why it is crucial. 

  • Minting – The creation of the tokens
  • Burning – The destruction of the tokens

$VIS, as the primary earning and spending token within Pegaxy’s ecosystem is both created and destroyed within the game. At the moment we have…

  • Earning $VIS – Winning races as an owner or renter. ($VIS is only MINTED once “claimed”)
  • Burning $VIS – Breeding, Events, Name Changes, and many more as the game develops… 

People who earn $VIS will eventually mint their tokens, and when they do, they are presented with the option to burn their tokens through the different options available to them such as breeding or they can choose to sell their tokens in the market.

Why does this all matter?

As it is impossible to have the mint and burn at a perfect equilibrium, the goal of the team and community is to see the mint and burn ratio at a reasonable balance, as this indicates that the tokens are being put back into the game. Applying simple supply and demand concepts…

  • A high burn rate will show that the utility token is being used for what it was meant to do
  • A high mint and low burn would mean that there are tokens being held or sold

$VIS Mint & Burn Ratio


The Mint vs Burn ratio of $VIS as of 2022/04/06 Source:  https://apollo.pegaxy.io/

The blue line represents the $VIS minted and the red line represents the $VIS burnt during the day.

With the newfound knowledge you’ve come to acquire, the data shown in Pegaxy’s Apollo would now make more sense. The key is to look at the $VIS % burned in period (timeframe of your choice) to give yourself a view of where and how the utility token is being used. As an example, if mint-burn ratio was 100% that would mean all $VIS tokens are being put back into the game and its burning mechanics, while a 0% mint-burn ratio means that they either hold the tokens or have sold it for other crypto, which is a possible sign of inflation. Once again, the goal is to see the ratio at a reasonable balance.

Know that it is expected that the minted $VIS is higher than the burned due to the exponential growth of the number of Pega due to breeding, however, as the game continues to develop in both economy and multiple burning mechanics come to be, there will be changes to how people utilize their $VIS. It is in the best interest of the team and community to ensure a healthy economy, so remember to keep an eye on this chart to strategize your next moves!

Follow Pegaxy on their Facebook, Twitter, and join their Telegram and Discord to be the first to know of any news releases and updates. 

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