Written by
Carla Calitis
About author

Carla Calitis obtained a degree in Secondary Education major in English and currently studying law in the Philippines.

Read more

Pegaxy Plans a Community Treasury


The Pegaxy team expressed that the problem they see in their economy is that the marketplace & breeding fees are not enough to cover overheads and staff costs for the future. Hence, they planned the community treasury.

Pega Insider 7 happened on November 11th as a part of their anniversary celebration. At the said event, the CEO mentioned the plan to their users. Even before the Pega Insider 7, the Pegaxy Team proposed this proposal via Themis, Pegaxy’s official government platform. They aim to gather the thoughts of the community about the said plan.

Actions required by the Community Treasury

1. Increased Marketplace Fees

Currently, the marketplace fee is 3%. However, considering the services that the team provides, 3% for fees is quite low. They now propose that the 3% current fees be increased to 10%. The structure will be the following:

  • 1% Optional Creator Code 
  • 2% (or 3 if no code is used) To Community Treasury
  • 7% to Pegaxy (Mirai) to continue development

2. All PGX Fees shall go to the community treasury 

All PGX used in breeding, fusing, and other in-game activities will now be allocated to the community treasury rather than the company holdings.

The Use of Fees

The team presented 5 solutions which the community can vote upon.

  1. Use PGX Holdings to pay out leaderboards every month 
  2. Use USDT Holdings to pay out leaderboards every month
  3. Use the USDT Holdings to buyback and burn VIS every month
  4. Use the USDT Holdings to buyback and burn Pegas every month
Community Treasury's use of fees

Do you think that these changes will be good for Pegaxy? You can share your thoughts in their Themis proposal. Just note that you need to acquire the following amount of tokens to utilize Themis:

  • Submit a proposal – At least $500 USD worth of $PGX
  • Vote – At least 1 PGX
  • Comment –  At least $100 USD worth of $PGX

The proposal actually has two pitches: One focusing on collection of fees and one on the use of fees.

Related articles

Pegaxy Joins Forces with

Pegaxy and are teaming up to sail into the future of Web3 gaming and digital currency! They aim to provide an exciting gaming experience for all players.

Brawl of Fame: Pegaxy versus Crypto Unicorns

Get ready for the Brawl of Fame because it's going to bring the heat with an epic clash between two legendary projects: Pegaxy and Crypto Unicorns.

Pegaxy Skill-Based Closed Alpha is Coming Soon!

Pegaxy announced the release of their closed skill-based alpha in its previous Pega Insider 9. Said closed alpha is set to launch in the 2nd week of May 2023!

Pegaxy Partners With Yesports
Pegaxy Partners with Yesports as Keynote Speaker at Convergence 2023

Pegaxy, one of the most popular horse-racing games, has announced its partnership with Yesports as a keynote speaker at Convergence 2023. The event is set to be the largest digital event for web3 gaming and esports, created by the team at Yesports and backed by Polygon.

Pegaxy Announces Guilds Unite with Exciting Games and Giveaways!

The Pegaxy community is preparing for another memorable hangout session called Guilds Unite, and this time, they're bringing together the most dynamic and passionate guilds for a night of learning, engagement, and opportunities.

Pegaxy Announces Exclusive AMA Session with Value Unlocked CEO!

Pegaxy, the home of racing in the metaverse, has announced an exciting AMA session with the CEO of Value Unlocked (VU), Jake Hall. On February 10, 2023, at 11 AM UTC, Jake will be answering all of your questions and sharing insights into VU, the latest addition to Pegaxy's partners.

Pegaxy Partners with Value Unlocked to Offer Redemption of VIS Tokens for Real-Life Products and Referral Rewards!

Pegaxy, a leading player in the metaverse space, is excited to announce its partnership with Value Unlocked (VU), a revolutionary platform that enables users to unlock the full value of their crypto earnings.

Skill-Based Fan Art Contest: Showcase Your Talents and Win Up to $300 worth of PGX with Pegaxy!

Are you a fan of Pegaxy, the fantastic horse racing game in the metaverse? Do you have a passion for art and a creative mind? If so, you won't want to miss out on Pegaxy's Skill-Based Fan Art Contest! Pegaxy announced this exciting event on social media, generating excitement among the artists. Running from January 18 to January 25, 2023, this contest invites fans to showcase their talents and submit original artwork inspired by their vision of the Pegaxy Skill-Based gaming experience.

Pegaxy Announces 2023 Roadmap with Emphasis on Revolutionary 3D Mobile Gameplay Experience

Pegaxy, the popular horse racing game by Mirai Labs, has announced its 2023 roadmap with a renewed focus on building a highly immersive 3D mobile gameplay experience for its fans. This update was announced on Twitter by the team and outlines the team’s plan for the upcoming year.

Pegaxy player-controlled 3D
Pegaxy Announced Pega Insider 8 Following Its Transition to Player-Controlled 3D Gaming

Pegaxy has begun its transition to mobile player-controlled 3D gaming, which has been met with excitement by many in the gaming community. Following this news is the announcement of the team of the upcoming Pega Insider 8, another episode in which the CEO Corey Wilton engages with the community thru their Twitch live stream to discuss the game's latest updates.