How and Where to Buy Pegaxy (PGX) – Detailed Guide
- What is PGX?
- Step 1: Register on Fiat-to-Crypto Exchange
- Step 2: Buy USDT with fiat money
- Step 3: Transfer USDT to an Altcoin Exchange
- Step 4: Deposit USDT to exchange
- Step 5: Trade PGX
- Last Step: Store PGX securely in hardware wallets
- Other useful tools for trading PGX
- Frequently Asked Questions
- Latest News for PGX
- PGX Price Prediction and Price Movement
What is PGX?
What Is Pegaxy (PGX)?
Pegaxy (PGX) is a free-to-play mech-horse racing game built on blockchain. As a play-to-earn metaverse Pegaxy allows users to create real-world value through in-game activity.
The game implements a dual token economy based around the governance token PGX (Pegaxy Stone) and the utility token VIS (Vigorus). While PGX enables holders to influence decisions on the platform and profit through stacking, VIS serves as a main currency facilitating the commerce inside of the game.
During gameplay, users enter mythological creatures called Pega into player-versus-player (PvP) races and compete to gain monetary rewards. Out of the 12 participants in every race, the top 3 are given VIS tokens. Pega are available for players to buy, rent, sell and breed on the platform.
Pegaxy metaverse beta release on desktop took place on November 15th 2021. The company plans to carry out the game beta release on mobile towards the end of 2021. According to the roadmap presented in the project’s whitepaper, the official launch of Pegaxy on iOS and Android is scheduled for the second quarter of 2022. The PGX initial DEX offering (IDO) was held on Nov. 5, 2021.
Who Are the Founders of Pegaxy?
Ken Pham is the CEO and co-founder of Pegaxy (PGX). He holds a master’s degree in International Business and has a substantial background in business consulting and blockchain technology.
Pegaxy’s chief technical officer (CTO) and co-founder is Steve Nguyen, a professional engineer with extensive experience in building gaming platforms and mobile apps. He is also currently a CTO of Appota Group — a company focusing on providing platforms and technology solutions for the digital entertainment industry, based in Vietnam.
As the chief marketing officer (CMO) and co-founder of Pegaxy, Corey Wilton is involved in planning, development and execution of Pegaxy's marketing and advertising initiatives. He possesses a wide range of practical knowledge in digital marketing, blockchain and gaming.
What Makes Pegaxy Unique?
Pegaxy (PGX) aims to increase the accessibility of play-to-earn games and allows newcomers to join the metaverse with no initial investment. All the races in Pegaxy are free to enter and Pega are available for rent on a profit share model.
Pegaxy’s rental system is trustless and automated. Every rental agreement inside of the game is created along with an escrow account, which holds and eventually distributes the assets automatically, according to the predetermined conditions. By eliminating manual payments Pegaxy is able to ensure the transparency and safety of NFT renting on the platform.
Although the game was initially released in 2D, it plans to transition to be graphically represented in the three-dimensional space upon the completion of testing and confirmation of compatibility with low-end Android devices. Pegaxy is also preparing to introduce a player-controlled game mechanics and migrate from being an auto-racer to featuring a skill-based gameplay.
The game is designed to be community-lead and plans to decentralize gradually by handing over the control to PGX holders with the project's further growth.
Related Pages:
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Check out MegaCryptoPolis (MEGA) — a play-to-earn game.
Take a look into Splintershards (SPS) — a card game based on blockchain technology.
How Many Pegaxy Stones (PGX) Coins Are There in Circulation?
The total supply of PGX is 1 billion tokens. The allocation of the currency is as follows:
- Community developer incentives amount of 16% of the PGX supply;
- 30% is assigned for ecosystem reserve and marketing needs;
- 22% is held by the team;
- 10% is set aside for liquidity provisions;
- 10% was distributed through the first private sale;
- 10% allocated for the second private sale;
- 2% is devoted to IDO/IEO.
How Is the Pegaxy Network Secured?
PGX (Pegaxy) is an ERC-20 standard token built on the Polygon/Matic network— a layer 2 solution on the Ethereum blockchain. Polygon/Matic provides cheaper gas fees and increased scalability for Ethereum transactions.
When Will Pegaxy Stones (PGX) Trading Begin?
According to Pegaxy's Twitter, the project held a private sale in October 2021, raising $2.5 million from major investors including Crypto.com Capital, Kyber Ventures and Shima Capital. Pegaxy’s IDO took place on Nov. 5, 2021.
Can Pegaxy Stones (PGX) Hit $1?
Currently as of December 2021, PGX is on sale for around $0.25. Starting at $0.02 during the ICO, the token price experienced a significant increase upon the game's beta release in mid-November, and peaked at $0.9051. Considering that the project is actively growing and has gathered a considerable amount of attention from investors, media sources and fans despite being relatively new, Pegaxy has a chance of further growing the value of its governance token, especially with the anticipated introduction of the 3D gameplay, the rollout of skill-based game controls and the official release of Pegaxy metaverse.
Where Can You Buy Pegaxy Stones (PGX)?
PGX is available for purchase on KyberDMM (Polygon) and QuickSwap in the PGX/USDT trading pair.
New to cryptocurrency? You can read more about how to enter the market and how to buy Bitcoin (BTC), Pegaxy (Pegaxy Stones (PGX)) or any other token on CoinMarketCap’s education portal — Alexandria.
PGX was first tradable on 23rd Oct, 2021. It has a total supply of 1,000,000,000. As of right now PGX has a market capitalization of USD $10,147,275.9. The current price of PGX is $0.0101 and is ranked 3624 on Coinmarketcap and has recently surged 29.96 percent at the time of writing.
PGX has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying USDT from any fiat-to-crypto exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy PGX.
Step 1: Register on Fiat-to-Crypto Exchange
You will have to first buy one of the major cryptocurrencies, in this case, USDT (USDT). In this article we will walk you through in details two of the most commonly-used fiat-to-crypto exchanges, Uphold.com and Coinbase. Both exchanges have their own fee policies and other features that we will go through in detail. It is recommended that you try both of them and figure out the one that suits you best.
Select Fiat-to-Crypto Exchange for details:
- UpHold
Being one of the most popular and convenient fiat-to-crypto exchanges, UpHold has the following advantages:
- Easy to buy and trade among multiple assets, more than 50 and still adding
- Currently more than 7M users worldwide
- You can apply for UpHold Debit card where you can spend the crypto assets on your account like a normal debit card! (US only but will be in the UK later)
- Easy to use mobile app where you can withdraw fund to a bank or any other altcoin exchanges easily
- No hidden fees and any other account fees
- There are limited buy/sell orders for more advanced users
- You can easily set up recurring deposits for Dollar Cost Averaging (DCA) if you intend to hold cryptos long term
- USDT, which is one of the most popular USD-backed stablecoins (basically a crypto that is backed by real fiat money so they are less volatile and can be treated almost as the fiat money it's pegged with) is available, this is more convenient if the altcoin you intend to buy has only USDT trading pairs on the altcoin exchange so you don't have to go through another currency conversion while you buy the altcoin.
Type your email and click 'Next'. Make sure you provide your real name as UpHold will need it for account and identity verification. Choose a strong password so that your account isn't vulnerable to hackers.
You will receive a confirmation email. Open it and click on the link within. You will then be required to provide a valid mobile number to set up two-factor authentication (2FA), it is an extra layer to the security of your account and it is highly recommended that you keep this feature turned on.
Follow the next step to finish your identity verification. These steps are a bit daunting especially when you are waiting to buy an asset but just like any other financial institutions, UpHold is regulated in most countries such as the US, the UK and the EU. You can take this as a trade-off to using a trusted platform to make your first crypto purchase. Good news is that the whole so-called Know-Your-Customers (KYC) process is now fully automated and it shouldn't take more than 15 minutes to finish.
Step 2: Buy USDT with fiat money
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer. You may be charged higher fees depending on your credit card company and the volatile prices when using cards but you will also make an instant purchase. While a bank transfer will be cheaper but slower, depending on the country of your residence, some countries will offer instant cash deposit with low fees.
Now you are all set, on the 'Transact' screen under the 'From' field, select your fiat currency, and then on the 'To' field choose USDT, click preview to review your transaction and the click confirm if everything looks good... and congrats! You've just made your first crypto purchase.
Step 3: Transfer USDT to an Altcoin Exchange
But we are not done yet, since PGX is an altcoin we need to transfer our to an exchange that PGX can be traded. Below is a list of exchanges that offers to trade PGX in various market pairs, head to their websites and register for an account.
Once finished you will then need to deposit USDT to the exchange from UpHold. After the deposit is confirmed you may then purchase PGX from the exchange view.
Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once PGX gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!
Gate.io
Gate.io is an American cryptocurrency exchange that launched 2017. As the exchange is American, US-investors can of course trade here and we recommend US traders to sign up on this exchange. The exchange is available both in English and Chinese (the latter being very helpful for Chinese investors). Gate.io’s main selling factor is their wide selection of trading pairs. You can find most of the new altcoins here. Gate.io also demonstrates an impressive trading volume. It is almost every day one of the top 20 exchanges with the highest trading volume. The trading volume amounts to approx. USD 100 million on a daily basis. The top 10 trading pairs on Gate.io in terms of trading volume usually have USDT (Tether) as one part of the pair. So, to summarize the foregoing, Gate.io’s vast number of trading pairs and its extraordinary liquidity are both very impressive aspects of this exchange.
BitMart
BitMart is a crypto exchange from the Cayman Islands. It became available to the public in March 2018. BitMart has a truly impressive liquidity. At the time of the last update of this review (20 March 2020, right in the middle of the crisis with COVID-19), BitMart’s 24 hour trading volume was USD 1.8 billion. This amount placed BitMart on place no. 24 on Coinmarketcap’s the list of exchanges with the highest 24 hour trading volumes. Needless to say, if you start trading here, you will not have to worry about the order book being thin. Many exchanges does not allow investors from USA as customers. As far as we can tell, BitMart is not one of those exchanges. Any US-investors interested in trading here should in any event form their own opinion on any issues arising from their citizenship or residency.
Last Step: Store PGX securely in hardware wallets
Ledger Nano S
- Easy to set up and friendly interface
- Can be used on desktops and laptops
- Lightweight and Portable
- Support most blockchains and wide range of (ERC-20/BEP-20) tokens
- Multiple languages available
- Built by a well-established company found in 2014 with great chip security
- Affordable price
Ledger Nano X
- More powerful secure element chip (ST33) than Ledger Nano S
- Can be used on desktop or laptop, or even smartphone and tablet through Bluetooth integration
- Lightweight and Portable with built-in rechargeable battery
- Larger screen
- More storage space than Ledger Nano S
- Support most blockchains and wide range of (ERC-20/BEP-20) tokens
- Multiple languages available
- Built by a well-established company found in 2014 with great chip security
- Affordable price
If you are planning to keep("hodl" as some may say, basically misspelt "hold" which get popularised over time) your PGX for a considerable long time, you may want to explore ways of keeping it safe, although Binance is one of the safest cryptocurrency exchange there had been hacking incidents and funds were lost. Because of the very nature of the wallets in exchanges, they will be always online("Hot Wallets" as we call them), therefore exposing certain aspects of vulnerabilities. The safest way of storing your coins to date is always putting them into a type of "Cold Wallets", where the wallet will only have access to the blockchain(or simply "go online") when you send out funds, reducing the chances of hacking incidents. A paper wallet is a type of free cold wallet, it's basically an offline-generated pair of public and private address and you will have it written somewhere, and keep it safe. However, it is not durable and is susceptible to various hazards.
Hardware wallet here is definitely a better option of cold wallets. They are usually USB-enabled devices that store the key information of your wallet in a more durable way. They are built with military-level security and their firmware are constantly maintained by their manufacturers and thus extremely safe. Ledger Nano S and Ledger Nano X and are the most popular options in this category, these wallets cost around $50 to $100 depending on the features they are offering. If you are holding your assets these wallets are a good investment in our opinion.
Other useful tools for trading PGX
Encrypted Secure Connection
NordVPN
Because of the very nature of cryptocurrency – decentralised, it means that users are 100% responsible for handling their assets securely. While using hardware wallet allows you to store your cryptos in a safe place, using an encrypted VPN connection while you trade makes it harder for hackers to intercept or eavesdrop your sensitive information. Especially when you are trading on the go or in a public Wifi connection. NordVPN is one of the best paid (note: never use any free VPN services as they may sniff your data in return of free service) VPN services out there and it has been around for almost a decade. It offers military-grade encrypted connection and you can also opt-in to block malicious websites and ads with their CyberSec feature. You can choose to connect to 5000+ servers in 60+ countries base on your current location, which ensures you to always have a smooth and secure connection wherever you are. There is no bandwidth or data limits that means you can also use the service in your everyday routines such as streaming videos or downloading large files. Plus it is among the cheapest VPN services out there (only $3.49 per month).
Surfshark
Surfshark is a much cheaper alternative if you are looking for a secure VPN connection. Although it’s a relatively new company, it has already 3200+ servers distributed in 65 countries. Apart from VPN it also has some other cool features including CleanWeb™, which actively blocks ads, trackers, malware and phishing attempts while you are surfing on your browser. Currently, Surfshark does not have any device limit so you can basically use it on as many devices as you want and even share the service with your friends and family. Use the signup link below to get an 81% discount(that’s a lot!!) at $2.49/month!
Atlas VPN
IT nomads created Atlas VPN after seeing a lack of top-notch service within the free VPNs field. Atlas VPN was designed for everyone to have free access to unrestricted content without any strings attached. Atlas VPN set out to be the first trustworthy free VPN armed with top-notch technology. Furthermore, even though Atlas VPN is the new kid on the block, their blog team’s reports have been covered by well-known outlets such as Forbes, Fox News, Washington Post, TechRadar and many others. Below are some of the feature highlights:
- Strong encryption
- Tracker blocker feature blocks dangerous websites, stops third-party cookies from tracking your browsing habits and prevents behavioural advertising.
- Data Breach Monitor finds out whether your personal data is safe.
- SafeSwap servers allow you to have many rotating IP addresses by connecting to a single server
- Best prices on the VPN market (only $1.39/month!!)
- No-log policy to keep your privacy safe
- Automatic Kill Switch to block your device or apps from accessing the internet if the connection fails
- Unlimited simultaneous connections.
- P2P support
Frequently Asked Questions
Can I buy PGX with cash?
There is no direct way to buy PGX with cash. However, you can use marketplaces such as LocalBitcoins to first purchase USDT, and finish the rest of the steps by transferring your USDT to respective AltCoin exchanges.
LocalBitcoins is a peer-to-peer Bitcoin exchange. It is a marketplace where users can buy and sell Bitcoins to and from each other. Users, called traders, create advertisements with the price and the payment method they want to offer. You can choose to buy from sellers from a certain nearby region on the platform. is after all a good place to go to buy Bitcoins when you can't find your desired payment methods anywhere else. But prices are usually higher on this platform and you have to do your due diligence to avoid getting scammed.
Are there any quick ways to buy PGX in Europe?
Yes, in fact, Europe is one of the easiest places to buy cryptos in general. There are even online banks which you can simply open an account and transfer money to exchanges such as Coinbase and Uphold.
Are there any alternative platforms to buy PGX or Bitcoin with credit cards?
Yes. is also a very easy to use platform for buying Bitcoin with credit cards. It is an instant cryptocurrency exchange that allows you to exchange crypto fast and buy it with a bank card. Its user interface is very easy to use and the buying steps are pretty self-explanatory.
PGX Price Prediction and Price Movement
PGX has been down 48.67 percent over the last three months, and with its small market capitalization, it is very likely that such price movement may continue. However three months is still considered early in the crypto world and it is also likely that PGX's price may bounce back if it has a solid team and has delivered what they promised on their white papers. Therefore traders should be careful and should research thoroughly and see if PGX is backed by a solid development team and whether PGX's technology has any potential to grow.
Please note that this analysis is purely base on PGX's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.
Latest News for PGX
