Pegaxy is a play-to-earn platform where players compete for the first three spots among 11 other players. The PVP horse racing game has various elements like wind, fire, water, air, and more. As per the whitepaper, by utilizing the strategies of food and skills, the top three players acquire the utility token. The platform aims to create an ecosystem where users can socialize, play, and work in the same place. Also, with the strategic developments, Pegaxy wants to be the place for horse racing in the metaverse.

The NFT/blockchain-based game aims to have a long-term approach that enables users to create large scholarship programs and earn through daily races. The platform seeks to be well-accepted in the space due to its well-weighted economic balance, on-chain technology, and innovative trustless rental systems. Currently, the prime focus of the platform is mobile gameplay, and the game is transitioned from 2D to 3D to make it compatible with low-end Android devices. Also, for skilled players, the platform is shifting from being an auto-racer to a manual skill-based system. Therefore, the users are allowed to control Pega and perform better.

Vigorus (VIS) is the official tokenused inside the Pegaxy world for earning and spending. The token is based on Polygon(Matic) Chain, and it is an ERC-20utility token. Here, the players can rent, trade, breed, or race their horse to earn VIS tokens. The user needs to be in the top three spots to mind the tokens, and anyone outside is not liable to earn tokens. Also, as per the rapid changes in-game platform, the amount of VIS rewarded for races might fluctuate up or down.

With eventual governance and community involvement, the players only dominate the game development and direction. 

Officially the gaming platform was founded in February 2021 by three core team members. Ken Pham is the CEO, who is involved in every business area. Steve Nguyen is the CTO, the mastermind behind all the development of games and blockchain. Lastly, Corey Wilton is the CMO, who manages the marketing team, brand design, and customer support.