The peaq blockchain has officially gone live, marking a major milestone for the emerging Machine Economy. This decentralized network is designed to empower machines, devices, and robots to provide services through decentralized physical infrastructure networks (DePINs). At launch, more than 50 DePINs are already building on the platform, with a combined reach that spans 95% of the globe.
peaq Ecosystem Expands as $PEAQ Token Lists on Major Exchanges
In the core of the peaq ecosystem, there is the $PEAQ token that is used for the payment of transactions’ fees, staking, and voting throughout the network. Currently, by November 12, 2024, it is available on 11 centralized exchanges. These include BingX, BitGet, KuCoin and others are planned to be added in the nearest weeks. The $PEAQ token is intended to foster the development of the network with the initial creation of 4.2 billion tokens with a low but gradually increasing rate of emission.
peaq’s vision is to build a new economy based on networks where people and machines are shareholders and partners and work for everybody’s benefit, not just for a selected few. This future, which was probably unimaginable ten years ago, is gradually emerging in society. Due to the high throughput and the specific functionalities for DePINs like Machine Identity Management and Peer2Peer Payments, industries aiming to be less centralized will find the use of the blockchain particularly applicable.
peaq Aims to Lead Web3 Revolution with Real-World Blockchain Solutions
Apart from its token listing, peaq is also providing staking services via its delegated proof of stake model. The network can be secured with the help of $PEAQ tokens that early adopters can stake to get staking rewards. The peaq portal is the location where all tokens are managed and staked, as well as the place where users can participate in governance.
In the future, the platform aims to issue more DePINs, adopt stablecoins and develop a DEX for DePINs. In the future, as the Machine Economy evolves, peaq wants to be a leader of the Web3 world and bring blockchain solutions for the real world. With collaborations with global enterprises as well as a growing ecosystem, peaq is poised to redefine human-machine interface.
