PEAQ, the native utility token of the decentralized infrastructure network (DePIN) peaq, has been listed on 12 crypto exchanges, such as crypto.com, BitGet, and KuCoin. This listing enables users to engage with the network, which connects over two million devices worldwide. The PEAQ token is currently trading around $0.35, up 600% from its listing price of $0.05.
The initial supply of PEAQ is 4.2 billion tokens, with an inflation rate starting at 3.5% and decreasing annually by 10% until stabilizing at 1%. peaq’s platform supports decentralized applications with real-world use cases, hosting over 50 DePINs across 21 industries. The network is set to launch projects like Silencio, MapMetrics, DATS, Roam Network, and Teneo Protocol.
These applications offer services ranging from noise pollution data collection and drive-to-earn navigation to community-provided bandwidth and real-time social media data crowdsourcing. The network operates with a pool of 32 genesis nodes run by various entities, including investment firms and enterprises like Bertelsmann Investments, Deutsche Telekom MMS, Lufthansa Innovation Hub, and the Technical University of Munich’s School of Management.
peaq plans to introduce stablecoin integrations, bridging solutions, fiat on-ramps, and decentralized exchanges in the coming months. The platform is interoperable through connections to over 90 blockchains via LayerZero, allowing liquidity and data to flow freely. The peaq community comprises over 350,000 DePIN enthusiasts and early adopters.
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