What happened to pegaxy's $PGx token?

The team at Pegaxy has just announced that their strategic private sale of the platform native $PGX Token has ended with $2,500,000 raised. They have highlighted the funding will assist in the expansion of their talented team, and fast-track the development of the Pegaxy game.

How does pegaxy work?

Pegaxy is a play-to-earn PvP horse racing game where gamers compete to finish in the top three to earn rewards. Pegaxy uses the dual token economic model, with Pegaxy Stone (PGX) as the governance token and Vigorus (VIS) as the utility token. You can buy or rent Pegas on Pegaxy's native marketplace.

What is pegaxy stone (PGx)?

The Pegaxy Stone or $PGX token is an ERC-2 0 token built on the Polygon (MATIC) blockchain. Their total supply has been capped at 1 billion with an aim to catalyze game development, community growth and overall ecosystem building. Currently, $PGX tokens can be used to purchase Pega in the marketplace and pay breeding fees.

How do you play pegaxy?

Pegaxy is a play-to-earn PvP horse racing game built on Polygon. Gamers compete to finish in the top three of each race against 11 other players, so they can get rewards. To play Pegaxy, we would need to get a mighty creature called Pega as an NFT, which would literally be our racehorse. We can rent or buy one in Pegaxy's native marketplace.