Pegaxy tried to burn off the supply of VIS, but the value of the token remained low.
- Pegaxy offers alternative tools to create value while players wait for new games.
- A minimal amount of new products may arrive in the coming weeks.
- Value Unlocked also allows Pegaxy players to participate in a referral program.
Pegaxy players were stuck with various forms of VIS tokens, which were essentially unusable. The game, which is currently in the process of rebuilding from scratch, states that it will not deprecate PGX and VIS assets. However, Pegaxy is looking for new ways to add value with these tokens.
A recent partnership allows Pegaxy players to use parts of VIS in other projects. Pegaxy allows her VIS to be used in her ValueUnlocked on other of her NFT items.
VIS is now on @valueunlocked! 📢
Pegaxy is thrilled to announce our partnership with ValueUnlocked, an innovative platform that empowers users to maximize their metaverse earnings.💙 pic.twitter.com/qQu5EJJ6BP
— Pegaxy (@PegaxyOfficial) January 26, 2023
Players can redeem VIS for gift cards or physical items on the ValueUnlocked platform. This partnership invites all former Pegaxy users to our referral program to earn her additional VUE tokens to use on ValueUnlocked.
VIS currently trades at around $0.00008 and is no longer used for breeding or other in-game functionality. In the later stages of Pegaxy, most players also locked his VIS in-game. Pegaxy has yet to release details on how he handles different types of VIS: what is locked in-game and what remains of the tokens held in the wallet. VIS’ exit from the game has been intentionally harder in the past few months.
Pegaxy Extends Art Competition Deadline
Pegaxy will continue to release games towards the end of Q1. At that point, the game was still trying to attract users with a content creation contest that was still open, with the submission deadline changed to January 27th.
Our Skill-Based Fan Art Contest has been EXTENDED by popular demand! 🥳
You still have a chance to showcase your talent and creativity by submitting your artwork until January 27, 2023 (Friday). Submit your entries now through this link: https://t.co/Y9TIbyYg9f. pic.twitter.com/3fbB9Yx3WY
— Pegaxy (@PegaxyOfficial) January 24, 2023
Post-launch, Pegaxy will build games that are less dependent on tokens, with an emphasis on NFTs and valuable items. As of now, the game has not added details on how the new economy will work and how it will integrate with his existing Pega NFTs. The Pegaxy collection is also missing from his OpenSea now, as the game is overhauling his NFT utilities.
Pegaxy is the closest thing to a failed P2E game. However, while the project delivered on some promises, it failed largely due to the effects of the bear market. Pegax has only the rest of the players and Smart has only a few dozen interactions with his contract.
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