Pegaxy aims to revive the game by offering shorter lobby wait times and expanded rewards.
- Pegaxy (PGX) aims to bring a fairer racing balance by shortening wait times.
- The lobby selection was reduced to two and the rule was to not repeat the Pega strategy.
- After the burnout, the number of Pega’s dropped by about 50% on OpenSea.
Pegaxy will again make changes during maintenance to bring more meaningful gains. The game has been trying to boost its player base and bring players back by adjusting its effort and revenue balance.
On October 27, the game enters a long-term maintenance period to rebuild its racing revenue balance. After previously expanding the number of racing slots from 12 to 15, the number of slots will now be reduced to 10. The top 5 pegas in the race will be rewarded. This change will help lower ranked horses have a chance to gain.
We are now LIVE! 🔥
Racing Lobby Hotfix is here. The following game updates are made to improve the racing queue:
🏁 Change racer slots from 15 to 10
🏆 Offer rewards for 4th and 5th place
🏇 Remove 1 of the lobby options pic.twitter.com/2a87qZ0Zfe— Pegaxy (@PegaxyOfficial) October 27, 2022
This update will require a re-download of the game for current users. pegaxy has now moved most of its activity off-chain to avoid paying even the relatively low Polygon fees. Most players will need to have VIS in their off-chain wallet in order to use the game’s features.
Pega racers will also be able to select only two lobbies per day, and the game will show whether their Pega NFT is acceptable for a race, or not. Players will not be able to duplicate race strategies. The purpose of reducing the number of lobby slots is also to reduce wait times. The game reserves the right to change the racing rules again if needed to improve the revenue balance.
Pegaxy Asset Prices Still Pressured Despite Burns
The game is also suffering from very low NFT prices. Even the rarest, founding Pegas, which was released during the NFT boom, is now open for bidding at much lower prices. This makes the game accessible to new buyers and players looking for a revival of the profit model.
The total number of pegas is now down to 5.408 million NFT items from a peak of 1.12 million. Previous owners burned through some of the less valuable Pega’s because they had no chance of winning the game.
Pegaxy is currently working on upgrading its VIS burn mechanic to increase the value of in-game prizes.
Both VIS and PGX are trading at rock bottom valuations, with players calling for more listings for more robust pricing. VIS is now down to $0.00012, while PGX has slipped to $0.0058, making most racing gains less sustainable. Breeding and fusion are also down, although Pegaxy offers additional opportunities to earn the crowning Pega by burning VIS.
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