Pegaxy proposes Community Treasury
Players can decide whether this update should be introduced by heading to the Themis voting platform and voting using the $PGX governance token. One of the suggestions in the proposal is to increase marketplace fees to 10%.
The Pegaxy team has submitted a proposal on their Themis voting platform, suggesting the introduction of a community treasury.
This treasury is one of the updates that was discussed by Corey, the CEO, during the Pega Insider #7 livestream, and is an update that was planned to be added after about 1 year since the launch of the play-to-earn horse racing game. Because of that, the developers have put their proposal on Themis, describing what their solution would be and giving the playerbase the opportunity to decide whether the idea should go ahead by voting using the $PGX governance token. The voting started on November 11 and will end on November 17.
The proposal represents the team’s first pitch of the Community Treasury, and suggests increasing marketplace fees from 3% to 10%. Out of this 10%, 1% could go to an optional Creator Code and 2% to the Community Treasury, but if there is no code, then 3% is sent to the treasury, while the remaining 7% is allocated to covering development costs.
Aside from increasing marketplace fees, another solution suggested by the team is to send all $PGX fees to the treasury, meaning that all $PGX used for features such as fusing, breeding and more would go to the community treasury instead of being sent to the blockchain studio, Mirai Labs.
At the time of writing, 81.05% approve of the proposal, while 18.95% do not. For more information, and for those who’d like to vote using their $PGX tokens, check out the proposal page here.
