Pegaxy

Pegaxy (Pegasus Galaxy) is a racing game with futuristic mythological styling. Pega (the horses) are descendants of the mighty Pegasus. In this game, players will participate in PvP format races to win rewards in the platforms native utility token, VIS (Vigorus).
NFTGame
medium risk

Key metrics:

Community
We calculate this score based on how big and how engaging the community is. A good community is basically a good sign, that the project will suceed.
78%

Metric to measure following "health" i.e. how big the following of a project is & it's activity levels.

  • Twitter Followers:
    26000

  • Reddit Followers:
    360

  • Discord Members:
    52000

  • General Activity:

Subreddit comments per day

Subreddit posts per day:

Team Strength:
77%

Metric to measure the execution strength & credibility of the team.

  • Background of founders?
    Very relevant background here.

  • Investor backing?:
    Yes, most reputable: Crypto.com, Kyber Ventures & many more.

-> Conclusion & other remarks:

All of the employees are publicly visible - and they've been founded by reputable VC's.Seems to be Asia-focused (as most of team sits in Vietnam)Strength level: Strong (i.e. good background, strong investors, known founders)

Economy Health
10%

Metric to measure the economic health of the project.

The main economic object is the "Vigorus" token.


Pegaxy Token (PGX):


This has limited in-game utility and currently mainly serves as a governance token. Players at the moment can't earn this token through playing, though in the future staking & other ways of earning it will be introduced.

  • Token Distribution - PGX (in millions):

There is a visual representation of the token-unlock on their website: https://whitepaper.pegaxy.io/in-game-economic-model/governance-token-pgx/pgx-token-allocation-and-unlock-schedule

  • Capped supply at 1 Billion tokens.

2) Vigorus Token (VIS):


This will be the main in-game currency and players will be able to earn it by winning "races". It doesn't have a supply cap and will be minted by the top-3 players of every race. An inherent burn-mechanism is included (when breeding a new horse) to keep it from being inflationary.


3) Pega NFT:


This NFT is required to play the game. There are 5000 "founding Pega". More Pega will be minted over time by "breeding" Pegas.

-> Conclusion & other remarks:
It appears that the Pegaxy team controls a HUGE amount of the PGX supply - so one can't say that this was a "fair" launch. It remains to be seen how PGX gets distributed over time - although they're extremely transparent that they're starting as a centralized entity and try to decentralize over time.

Tokenomics Health:
Medium (Working tokenomics model, but heavily centralized allocation)

Momentum Strength
85%

Metric to measure the momemtum/adoption of the project in the community.

  • Unique Users in-game:

  • Transactions in-game:

  • Twitter Growth:

  • Google Search:

-> Conclusion & other remarks:

Momentum Strength:
Strong (growing on-chain user + Social Media)

Links:

Website