Overview
- peaq is a decentralized Web3 network for the Economy of Things (EoT).
- It enables dApps and DePINs for connected machines like vehicles and devices.
- Focuses on creating value in mobility, wearables, and smart power grids.
- Emphasizes environmental sustainability and community engagement.
- PEAQ token is used for transaction fees, Machine DeFi, NFTs, and governance.
- Built with Substrate, part of the Polkadot ecosystem.
Use Case
- Foundation for the Economy of Things, enabling dApps and DePINs.
- Enables machines to charge for services and pay for their needs.
- Addresses standardization and interoperability in IoT.
- Partners with industry leaders to create sustainable solutions.
- Empowers users to build, govern, and earn from decentralized networks.
Adoption
- Project has raised funding and is developing its technology and community.
- Building an ecosystem with dApps and DePINs for autonomous machine interactions.
- Has industry partnerships to expand use cases and adoption.
- Targets a wide array of potential users in the EoT space.
- No specific TVL information, but has financial backing from token sale.
Team and Investors
- Team of 34 employees with a co-founder mentioned but not named.
- Partnership with OnFinality for blockchain infrastructure expertise.
- Limited public information on team members’ backgrounds and experience.
- Official peaq website and communication channels are the best sources for team info.
Launch
- Expected launch date for peaq is in 2024.
- PEAQ token will be introduced at launch for network operations and governance.
- Total supply of PEAQ token is 4,200,000,000, not yet in circulation.
- Mainnet and PEAQ token launch are scheduled for 2024.
- Tokenomics details to be released prior to token launch.
Summary
- peaq aims to revolutionize the Economy of Things with a decentralized platform.
- Native PEAQ token will enable economic agency for machines.
- Significant traction with a launch planned for 2024.
- Updates on progress and developments available through official channels.
