PEAQpeaq (PEAQ) Price

1.Project introduction

peaq is a Layer 1 blockchain purpose-built for Decentralized Physical Infrastructure Networks (DePINs) and machine-based real-world assets (RWAs). Leveraging parallel block production, asynchronous support, and flexible core time, peaq achieves 10,000+ TPS and can scale beyond 100,000 TPS post-upgrades, all while maintaining minimal transaction costs. Designed to be environmentally friendly, peaq aims to democratize the ownership of digital infrastructure, empowering communities to build, govern, and benefit from machine economy applications. It boasts integration with two of Web3’s largest developer ecosystems and supports over 50 DePINs across more than 20 industries.

2.Team introduction

Till Wendler - Co-Founder

https://www.linkedin.com/in/till-wendler-289978116/

Leonard Dorlöchter - Co-Founder

https://www.linkedin.com/in/leonarddorloechter/

3.Investment institutions

Generative Ventures, Borderless Capital, CMCC Global, Spartan Group, HV Capital, Animoca Brands, Moonrock Capital, Fundamental Labs, TRGC, DWF Labs, Crit Ventures, Cogitent Ventures, NGC Ventures, Agnostic Fund, Altana Wealth, LBank Labs, Protein Capital, Token Metrics.

4.Token application and distribution

Token application

$PEAQ is the native utility token used for transaction fees, securing the network via staking, and participating in network governance. Token holders can use dApps on peaq, act as validators or delegators, and influence upgrades and subsidy decisions for machines operating on the network. $PEAQ underpins the Machine Economy and incentivizes engagement with the ecosystem.

Token distribution

Fundraising: 34%

Community: 21%

Team & Core Contributors: 20%

Network Security: 5%

Ecosystem & Treasury: 20%