PEGA

Project Overview

PEGA (PEGA) is a cryptocurrency tied to Pegaxy, a horse racing blockchain game built on the Polygon network. The project aims to combine NFT horse racing gameplay with Play-to-Earn mechanics.

Purpose and Utility

PEGA serves as the primary governance and utility token within the Pegaxy ecosystem. Its main uses include: purchasing in-game assets like horses (called Pega), funding race entry fees, breeding new horses, and participating in governance decisions.

Business Model Analysis

The project generates revenue through race entry fees, breeding fees, and marketplace transactions. All activities involve actual asset ownership and transfer of value between parties. The core gameplay mechanics do not constitute gambling as players use skill and strategy in racing and breeding.

Development and Adoption

The project has shown consistent development activity with regular updates to the gaming platform. The team has maintained transparency about their development roadmap and progress.

Token Distribution

The token distribution includes allocations for the team, development fund, and community treasury. Team tokens are subject to vesting periods to align long-term interests.

Technology and Revenue Model

The platform operates on the Polygon blockchain, utilizing NFT technology for horse ownership and smart contracts for racing and breeding mechanics. The revenue model is based on legitimate gaming activities rather than chance-based gambling.