Pegascoin is a relatively new coin with a unique feature call "Deposit on Blockchain." This technology is a less complicated solution to the scalability issue of the Proof of Work system by essential creating masternodes without the need of actually creating one. Owners of Pegascoin 'deposit' some of their coins onto the blockchain with many different options: deposit 100PGC for 1 month, 1000 for 3 months, 10,000 for 6 months, etc. There are 9 types of DOBs in total and all of which have a different weight. Currently when a block is mined on the Pegascoin blockcahin, 25 goes to the miner, and 4 are split among the DOBs - and split according to their weight.
You can read more about DOBs here:
http://pegascoin.com/docs/DOB_intro.pdf
Unfortunately if you want to get a DOB, it is too late as they were all filled a few weeks ago. But just recently it was announced that DOB 2.0 will be available soon. DOB 2.0 is different than the original DOB, as you need at least 51,000PGC in your wallet to create one. This time around there will be no limits on how much you can deposit - and different than 'staking' is Proof of Stake systems, you don't need to send your PGC anywhere. It will just be locked in your wallet, and you will get paid DOB rewards daily.
Originally, the rewards were going to be decreased on block 990,000 to 5PGC for the miner, and 4PGC to the DOBs. This shift puts profits in favor of owners of DOBs, and gives people an incentive to hold their PGC. Recently a community vote was held to move the reward decrease sooner. So now the reward decrease will begin on block 555,555 instead of 990,000. People feared that waiting until block 990,000 (which wont occur until Q4 2018) was allowing too much time to acquire 51,000PGC, which would decrease DOB 2.0 rewards for each individual as there would be many more people taking a piece from the same pie. Block 555,555 will occur in less than 9 days as of writing this. In the past few days, the Network hashrate has increased significantly as people are frantically trying to obtain the higher mining rewards while they still can.
In this bear market, Pegascoin's value continues to rise every day - even more so now after the announcement of DOB 2.0 and the reward change. I think Pegascoin is a very promising project and it will be interesting to see what the future holds for it.
Links:
http://pegascoin.com/
https://bitcointalk.org/index.php?topic=2132259.0
https://discordapp.com/invite/KYXDgqV
https://twitter.com/Pegascoin
https://www.facebook.com/pegascoin/
https://t.me/pegascoin