Governance Token (PGX)

What is PGX and what are its use cases?

Pegaxy Stones (PGX) are located on Mirai Chain, Avalanche, and the Polygon Layer 2 chain, developed as the governance token of the Pegaxy Metaverse. PGX used for transaction fees on Mirai Chain. Initially, there will be very limited ways to earn PGX through gaming itself;

PGX Staking is live, presenting holders the opportunity to stake their tokens within the treasury and receive PGX rewards, with varying multipliers based on the chosen lock period.

General PGX Statistics:

Token Name	Pegaxy Stone
Token Symbol	PGX
Token Decimals	18
Token Type	ERC-20
Total Supply	1,000,000,000 PGX (1B)
Blockchain	Mirai Chain (PGX), Avalanche (AVAX), and Polygon (Matic)

It should be noted, Pegaxy will not be a decentralised game on release. This system allows the game studio to move forward and increase the speed of the games development, which also speeds up the inevitable decentralisation of the game.

Eventually, through large scale tournaments and other events, players will be able to earn PGX.

Inside the Pegaxy Metaverse, we have introduced multiple use cases for the PGX token, these include:

• Purchasing of Pega on the marketplace

• Staking

• Large tournament rewards

The Pegaxy ecosystem involves two primary fees in the previous game version; these are:

• PGX fee associated with breeding.

• 10% fee on all marketplace transactions.

The complete decentralisation of Pegaxy will not be a simple or quick process. Through trial and error alongside our growing community, we plan to eventually fall into decentralisation once the game economics, DAO and gameplay has been "perfected".