peaq is live

In a nutshell: peaq is live, and the $PEAQ token is listed on 14 exchanges, with more exchanges to be announced in the coming days and weeks. This is the start of the Machine Economy — a network-economy built and owned by the people and machines that use it. You can now own a piece of that network-economy and get ready for the first DePINs to launch on peaq.

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Welcome to the Machine Economy

The wait is over. peaq is live.

The peaq blockchain is the foundation of the Machine Economy — a positive-sum economy made up of billions of devices, robots, vehicles and machines providing and rendering services via real-world dApps now known as DePINs, running on peaq.

Ten years from now it will be normal for people to form local and global collectives that do the work of today’s biggest companies better, faster, and cheaper — and for the good of all, not just the privileged few. 

Today, right now, is when that story begins for real. 

People have been dreaming about the possibilities that blockchain enables for key industries like energy, mobility, and connectivity for well over a decade. During the first years of peaq’s journey, everything was focused on making that dream a reality. Back then, the term “DePIN” didn’t even exist. What did exist, though, was the hunger to bring about actual change. A strong desire to transform the world, the real world. Doing that would take something special, though. Something like a specialized layer-1 blockchain designed to power DePINs. 

Today, at 9am UTC on November 12th, peaq launched with over 50 DePINs already building in its ecosystem. Leveraging over 2 millions devices, these DePINs are reshaping 21 industries, including mobility, energy, connectivity, weather, decentralized AI, and much more. Their combined global footprint gives peaq a presence in 95% of countries at launch.

Has there ever been a blockchain launch with more ecosystem traction than this? You decide.

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$PEAQ – the lifeblood of the Machine Economy

With the launch of peaq mainnet also comes the long anticipated listing of the $PEAQ token, which is now available on 14 top global exchanges. The token is trading on the following platforms:

• BingX
• Bit2Me
• BitGet
• BitMart
• Bitvavo
• Bybit
• CoinList
• CoinW
• crypto.com
• gate.io
• Hashkey
• KuCoin
• LBank
• MEXC

Need a place to store your tokens? The $PEAQ token is compatible with a wide selection of wallets, including:

• Metamask — browser wallet
• Ledger — hardware wallet
• Fireblocks — custodian wallet
• SAFE — multisig wallet
• TokenPocket — browser, mobile & hardware wallet
• and others

What would a blockchain be without a reliable block explorer to ensure transparency and trust? You can verify all real-time and historical transactions on peaq, as well as check wallet details and more, using the peaq explorer. 

Looking for a place to stake your $PEAQ and help secure the network? Look no further than peaq portal — your all-around hub for managing $PEAQ tokens. peaq portal is where you can participate in peaq’s delegated proof of stake consensus mechanism, stake your $PEAQ tokens, and collect rewards for helping keep peaq secure and decentralized.

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What is the $PEAQ token?

The $PEAQ token is the lifeblood of the peaq ecosystem and greater Machine Economy, serving several crucial functions:

• Transaction fees: The $PEAQ token is used for paying all transaction fees on peaq.
• Staking: The $PEAQ token enables people to set up validator nodes or support their preferred validator and earn rewards for keeping the network running.
• Governance: Future updates will enable $PEAQ holders to vote via on-chain governance, jointly deciding on peaq’s future.  

More Machine Economy-specific utility for the peaq token will be introduced in the future, such as Machine DeFi.

$PEAQ’s initial supply at launch is 4,200,000,000 tokens. Its inflation is set at an initial 3.5% and will decrease by 10% annually before stabilizing at 1%. The supply schedule is designed to accommodate long-term growth and expansion of the DePIN ecosystem, while minimizing inflation. More details about $PEAQ tokenomics is available in peaq’s documentation.

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Is $PEAQ available on decentralized exchanges (DEXs)?

At the time of launch, the $PEAQ token is not listed on any decentralized exchanges, meaning that there are no “official” $PEAQ pairs on any DEXs. 

$PEAQ is not on a DEX on day 1 because of the additional compliance and regulation workload which would have delayed the listing date.  

$PEAQ will be listed on DEXs in the future, so make sure to stay tuned to peaq’s official channels for updates. Additionally, the community can expect updates on a peaq-native DEX.

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Why are DePINs building on peaq?

Have you ever wondered why more than 50 DePINs decided to start building in the peaq ecosystem before peaq even launched? Well, some of those DePINs, like Silencio, Teneo Protocol and MapMetrics, have written about their decision in depth. But what it all boils down to is the fact that peaq is laser-focused on one thing and one thing only — DePIN.

This allows peaq to cater to the unique needs of Decentralized Physical Infrastructure Networks. It has resulted in the formation of a tightly-knit ecosystem of DePINs joining forces and building off each other to push the entire industry forward.

As the home of DePIN, peaq offers projects focusing on real-world use cases the following:

• Fundamentals: Nakamoto Coefficient of 130+, 10,000 TPS throughput (which will grow 10x with future updates) 
• Modular DePIN Functions: self-sovereign machine identities, peer-to-peer payments, AI agents, role-based access control, machine data verification, machine data storage, DePIN rewards and more
• Interoperability: peaq is connected to 90+ blockchains via LayerZero allowing liquidity and data to flow freely
• Real-world ecosystem: peaq has a vast array of enterprise collaborations to support DePINs in their demand side and offers DePIN builders grants, capital support, and other assistance
• Community: the peaq community brings together more than 400,000 DePIN enthusiasts and early adopters
• Vision: peaq is laser-focused on powering the Machine  Economy

Looking to build the next big DePIN? The peaq developer portal has all the information you need to get started, from downloading the peaq SDK to accessing endpoints, getting test tokens, and more. You can also apply for a grant through the peaq Grant Program for a chance to get early-stage funding and ongoing support for your DePIN. 

peaq launches with a pool of 32 genesis nodes keeping the network’s day-to-day operations running. Among those running nodes are DePINs on peaq, some of the leading crypto investment firms, as well as some of the world’s top enterprises and protocols, including:

• Bertelsmann Investments, a leading global venture firm supporting visionary entrepreneurs around the world with more than €1.9bn invested across the globe
• Deutsche Telekom MMS, the IT arm of Deutsche Telekom, one of Europe’s largest telecom companies with a market capitalization of $147.98 billion 
• Lufthansa Innovation Hub, the key driver for innovation for Lufthansa Group, its market capitalization at $8.52 billion
• The School of Management at Technical University of Munich, one of Germany's leading universities for natural sciences and engineering 
• Kiln, the leading digital asset rewards management platform with more than $8.6 billion worth of stake under management
• Twinstake, the leading institutional-grade staking platform for enterprises and large-scale asset managers  

To ensure the network remains secure, the active set  will not be expanded until the slashing mechanism is implemented. Once that happens, the active set will be significantly increased,   with many more nodes to join. 

Until then, you can participate in peaq’s delegated proof of stake consensus mechanism by becoming a delegator and staking your $PEAQ tokens in support of your chosen active nodes. By doing so, you will not only help keep peaq secure and decentralized, but also collect rewards for your efforts. 

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A peaq into the future

In the weeks immediately following the listing, the community can expect major updates to key products and interfaces. Over the next months, there will be more stablecoin integrations, bridging, a fiat on-ramp, and a DEX for DePINs on peaq, a lot of exciting updates on Machine DeFi and Machine Tokenization (RWA), as well as the first DePIN launches on the network. Here are the DePINs most likely to launch on peaq soon after peaq’s own launch:

• Silencio — Over 350,000 sensors across 180+ countries are part of the Silencio DePIN, earning rewards for monitoring noise pollution from their phones via the Silencio app.
• MapMetrics — A drive-to-earn DePIN that maps 600,000+ kilometers daily and flags locations for 90,000+ speed cameras across 167 countries.
• DATS — A DePIN of over 500,000 devices offering community-provided bandwidth and compute to power a Web3 cybersecurity service
• Roam Network — transforming mobile network operations by enabling decentralized, user-driven data sharing to improve network efficiency through its blockchain-powered platform, with over 27,000 active users in 178 countries
• Teneo Protocol — a tokenization protocol and data layer for DePIN that recently launched its Community Nodes for crowdsourcing social media data. Over 400,000 people from 146 countries launched Teneo community nodes in just the first month.

Also coming up is a first of its kind token-incentivized campaign to drive adoption of DePINs on peaq and create real-world value. Updates expected shortly. 

“peaq’s genesis marks the beginning of a whole new era where Web3 finally gets real. The DePIN revolution will transform the way we run the most critical infrastructure, putting the community squarely at the helm, and peaq is at the spearhead of this revolution, powering the fastest-growing DePIN ecosystem in all of Web3. The early traction is there, and we are looking forward to seeing it translate into more growth and prosperity — as we bring Web3 to a more sustainable paradigm powered by real-world value and demand.”

— Till Wendler, co-founder of peaq

“We’ve been working on peaq for the better part of a decade with the conviction that the fruit worth picking in this industry is further up the tree. Powering the Web3 Machine Economy is no low-hanging fruit. 

Not long from now, millions of people all over the world will offer goods and services peer-to-peer via platforms they co-own, fundamentally changing how we interact with technology and with each other. DePIN will become so ubiquitous that we will stop calling them DePINs—they will simply be an integral part of our daily lives, seamlessly integrated into our communities and economies. This is our vision for a positive-sum Machine Economy that works for everyone. A regenerative Machine Economy in which the more value machines generate, the more everyone earns. peaq exists to power this global infrastructure revolution.

We’re standing on the shoulders of giants – eternally grateful to the people who conceived of this technology and molded this industry. ”

— Max Thake, co-founder of peaq