peaq’s native utility token is set to power an ecosystem counting more than 50 DePINs and over 2 million devices globally.
peaq, one of the five startups on Mastercard’s blockchain accelerator program, has launched a new utility token, PEAQ, for participation in decentralised infrastructure.
Decentralised physical infrastructure (DePIN) projects have come into the spotlight for their easily translatable real-world impacts, and peaq aims to help decentralised aps (dApps) tap into DePINs.
The PEAQ token will be listed on a number of centralised crypto exchanges, including BitGet and KuCoin. In the run-up to the token’s listing, peaq also completed a CertiK audit, scoring high on fundamentals in the pre-launch project category.
The PEAQ token serve key functions in the ecosystem, including on-chain governance, transaction fees on peaq, and setting up validator nodes for users to stake and earn rewards.
Users can expect more integrations on the peaq network, including stablecoin integrations, bridging, and decentralised exchanges. DePIN projects will also launch on the blockchain, including:
- Silencio, a project that rewards people for collecting local noise pollution data with their smartphones
- MapMetrics, a drive-to-earn DePIN enabling people to monetise their navigation data
- DATS, which provides community-provided bandwidth and compute to power a Web3 cybersecurity service
- Roam Network, which crowdsources signal quality data to help telecom companies improve their networks.
- Teneo Protocol, a Web3 protocol for real-time social media data crowdsourcing
“peaq’s genesis marks the beginning of a whole new era where Web3 finally gets real,” says Till Wendler, co-founder of peaq. “The DePIN revolution will transform the way we run the most critical infrastructure, putting community squarely at the helm, and peaq is at the spearhead of this revolution, powering the fastest-growing DePIN ecosystem in all of Web3.”
