What is peaq?
peaq is a cutting-edge Layer-1 blockchain built on the Polkadot ecosystem, specifically designed for managing Decentralized Physical Infrastructure Networks (DePINs) and Machine Real-World Assets (RWAs). It enables the tokenization and management of vehicles, robots, and devices across various industries, including mobility, energy, and connectivity. This platform offers robust solutions for integrating and overseeing these assets, ensuring efficient and secure operations.
Key Features
Modular DePIN Functions: peaq provides advanced backend functions for multi-chain machine IDs, AI optimization, and data verification, facilitating seamless integration and management of real-world assets.
Scalability: peaq supports over 100,000 transactions per second, leveraging Elastic Scaling and Agile Core Time to ensure high performance and scalability, accommodating extensive networks and large-scale operations.
Environmental Focus: Committed to sustainability, peaq employs an eco-friendly blockchain architecture that minimizes environmental impact while maximizing efficiency and performance.
TOKENS
PEAQ Token: The token of the peaq mainnet. The token symbol is $PEAQ.
Use Cases and Utility of $PEAQ
Transaction Fees: $PEAQ is required for all transactions on the Peaq blockchain. Fees are calculated based on transaction parameters, essential for DePIN operations.
Network Operation: Collators and Delegators maintain network integrity through staking. Collators need to stake to produce blocks, and Delegators support trustworthy Collators by delegating their stakes.
Governance: $PEAQ holders can vote on network decisions, influencing the project’s future development.
Reputation System: Machine owners can stake $PEAQ tokens to enhance their machines’ trustworthiness.
KREST Token: The token of peag’s canary network krest. The token symbol is $KREST.
Roadmap
$PEAQ Airdrop for $KREST Holders: Snapshot taken post-mainnet launch, with the possibility to double rewards by providing liquidity.
Public Offering Announcement: Public offering is planned, with prior notice. No surprise offerings.
$KREST Airdrop for Ambassadors: Initial cohort of Ambassadors to receive $KREST tokens as a reward.
Mainnet Launch and Token Listing: Mainnet and token set to launch in the upcoming weeks.
peaqosystem Lift-off Campaign: Multi-phase campaign to boost ecosystem growth, featuring rewards for using DePINs.
peaq Portal Update: Major update to include staking, bridging, DEX interactions, and community voting.
Staking Dashboard: Allows review of collator pools, earnings, and the ability to become a delegator.
DEX: Launch of a decentralized exchange for ecosystem transactions.
Cross-Chain Bridges: Enhanced bridging capabilities for multi-chain interoperability.
Machine Tokenization Platform: Platform for tokenizing future revenues from machines, enhancing the Economy of Things.
About the Founders
Leonard Dorlöchter (Co-Founder and Chief Product Officer):
A serial entrepreneur with over five years in blockchain, Leonard co-founded peaq and serves as its Chief Product Officer. He previously co-founded Advanced Blockchain AG and nakamo.to, focusing on product development and project management. He is also a member of the Sigma Squared Society.
Till Wendler (Founder):
Founder of peaq and CEO & Co-Founder of EoT Labs, Till drives the development of decentralized applications for the Economy of Things. He has extensive experience from Advanced Blockchain AG, Axiomity AG, and blash-trading.com GmbH.
Max Thake (Co-Founder):
A seasoned blockchain entrepreneur, Max co-founded peaq and Advanced Blockchain AG. His expertise has secured key partnerships and funding for peaq, including collaborations with Audi and NTT.
Website and Social Media Links:
Official Website