Pegaxy is a play-to-earn PVP-style horse racing game where players compete for top 3 placement against 14 other racers. Each race has randomised elemental variables which include wind, water, fire, speed and more. Using strategic upgrades, food and skill, players must place in the top 3 to earn the platform's utility token, VIS (Vigorus).

Pegaxy Stones (PGX) are located on the Polygon Layer 2 chain, developed as the governance token of the Pegaxy Metaverse. Initially, there will be very limited ways to earn PGX through gaming itself; this will eventually change with the introduction of community treasury staking.

Although 'PGX' was the ticker assigned at the deployment of the Pegaxy Stone token's smart contract, it is in use by another asset that has a larger market presence and higher trading volume on major exchanges. Due to this association and to avoid confusion in the marketplace, the alternative ticker 'PEGAXY' has been adopted for this token. This designation is specifically used to ensure that assets are distinctly identified.