PANews reported on May 17 that peaq, a Layer1 blockchain for DePIN and machine RWA, announced that it had completed its token issuance on the CoinList platform and successfully raised $20 million. More than 14,500 community members contributed more than $36 million, making this issuance the most funded and participated in the CoinList platform in two years. The funds raised will be mainly used to ensure that the DePIN project built on peaq becomes an industry leader, accelerate the growth of the peaq ecosystem, and promote various ecological and community initiatives. CoinList will confirm the final allocation in the next few days. More details about the launch of Peak Network will be announced in the coming weeks.
