Achievements of "Pegaxy"
最終更新
最終更新
Original capital: $165,000 (approx. 19 million JPY)
Total assets: $217,758
Profit: $52,737 (approximately 6 million JPY)
Yield: 131.9% / month
Operation period: 1 month
Following the results from Axie Infinity, we created a dedicated diagnostic tool to help us enter Pegaxy; The operation was conducted by closely monitoring KPIs on a daily bases, including:
The number of newly bred Pegas(NFT)
The number of newly purchased Pegas(NFT)
Changes in floor price of Pegas(NFT)
PGX and VIS prices
The number of users
This was because guilds with capitals were purchasing large numbers of NFTs to develop their scholarship system, and its economic zone was rapidly expanding.
Learning from Axie Infinity's mistakes of its breeding cost design, "Pegaxy" was designed to consume more VIS in the breeding process.
This was designed so that VIS, Pegaxy's utility token, would not be oversupplied and cause inflation.
However, Pegaxy was designed to make breeding more profitable, resulting in the guilds investing large amounts of capital to mass produce NFTs(Pegas).
In addition, many users participated in Pegaxy through their guilds' scholarships, and new users rarely purchased NFTs, so the number of purchased NFTs did not increase with the growth of the user base.
As a result, the supply of newly created Pegas exceeded user demand, and the marketplace began to be overstocked with NFTs, putting selling pressure on the economy. This created a negative cycle for its economic zone, and the price of NFTs and tokens has been failing since the beginning of February. The negative cycle includes:
Growth in Pegas supply became slower
The amount of consumed VIS gradually decreased
VIS produced in the scholarship continued to increase
Supply of VIS continues to increase exponentially
However, LGG implemented diagnostic tools and checked the health of the economic zone like a daily medical checkup.
As a result, we were able to get into this game before its token price went up and secure our profits before the token price went down.
LGG managed to achieve a 131.9% operating performance for one month from January to February 2022, despite a very unstable VIS market, where many people lost their money.
