Pegaxy Gets Ready for Next Months of Updates
Pegaxy relies on items and drop racing to increase player count. After months of criticism for a broken P2E model, Pegaxy continues to try to rebuild itself. Pegaxy's main flaw is that it retains some players and has a very active guild system, but its main assets continue to plummet to new lows.
One change is an attempt to rely less on VIS and PGX race rewards and more on drop racing, where players compete for cosmetic items and other consumables.
Pegaxy has even recently resurrected its Fabled Tokens, an early game invention that provided exclusive rights to a referral program. Crowned Pega will be produced using Fabled Tokens and VIS burns beginning in September.
At the same time, the VIS market price has dropped to $0.00004, while PGX has lost 50% of its value in the last few weeks, falling to $0.005. As the game becomes ever more challenging to monetize, PGX has reduced the race reward even for high-ranked Pega.
The only advantage would be to spend VIS and receive consumables in order to recover energy more quickly. However, winning races still necessitate a quick sale of rewards, further undermining the price.
Even with consumables and special Pega features, the game's value extraction has reached a stalemate, and the players are probably only there for fame. Pegaxy is urged to relaunch with a new game product.
Pegaxy Intends to Reconstruct Player Incentives
Despite the overall slowdown, Pegaxy retains slightly less than 4K players per day, and breeding activity continues. There are now 1.1 million Pega NFT, and rarity no longer commands high prices. The PGX reward size also limits racing advantage.
Pegaxy PFP also has limited trading, with 1.5ETH in total trades and a price of around 0.09 ETH. Profile pictures are purely cosmetic and serve only to identify higher-ranking Pega. They also do not provide any in-game advantages.
Pegaxy players, on the other hand, are still holding out, possibly waiting for more tweaks or tournament rewards, as well as other types of NFT, to reinsert value into the game.