peaq (PEAQ) is a blockchain platform specifically designed for creating DePIN (Decentralized Physical Infrastructure Networks). In short, peaq is helping to build a system where machines can collaborate, share data, and even earn rewards. Through decentralized control and ownership, peaq allows users to collectively contribute and manage physical resources, using tokens as incentives to encourage user participation, forming a closed-loop system. Blockchain technology provides a secure and transparent environment for DePIN, ensuring the feasibility and reliability of decentralized operations.

peaq's ecosystem

peaq currently has over 50 DePINs built on its platform, with more than 2 million devices, robots, and vehicles participating, and users spread across over 180 countries globally, with over 1.25 million users in the ecosystem. At the same time, peaq is interconnected with over 90 blockchains through LayerZero, allowing liquidity to flow freely, greatly enhancing the connectivity and flexibility of its ecosystem.

The role of $PEAQ tokens

$PEAQ tokens are used not only for paying all transaction fees on the peaq platform but also for participating in staking, supporting the network's security, and earning rewards through validators that support block production. Users holding $PEAQ tokens can also participate in on-chain governance voting to decide the future direction and protocol upgrades of peaq. This token is a key component of the peaq ecosystem, essential for maintaining network stability and promoting ecological development.

Exchange listing and economic model

$PEAQ tokens are currently listed on multiple mainstream exchanges, such as Bitget, Mexc, Gate, KuCoin, etc., with a current market capitalization of $178 million and a token price of $0.20. The total supply of peaq tokens is 4.2 billion, with an annual inflation rate of 3.5%, which will gradually decrease by 10% each year until it eventually drops to 1%. This design aims to provide incentives for early users while ensuring long-term economic stability and preventing excessive inflation.

Conclusion

peaq is committed to promoting the vigorous development of the machine economy by creating a decentralized platform for DePIN. With its strong ecosystem, extensive cross-chain interoperability, and innovative token economic model, peaq not only provides developers with powerful tools but also offers users sustainable participation incentives. This makes peaq one of the most promising Layer 1 projects in the DePIN space.

The above content is not investment advice, do your own research.