PEAQ is Set to Build the Future of DePINs and the Machine Economy.
Everything is different with peaq blockchain.
peaq launched as a new network for machines, devices, real-world assets, physical infrastructures, etc., to be collectively owned, operated, connected, and scaled by every user, not just a group of team members.
DePINs utilize peaq’s blockchain technology to create an efficient, secure, and fair system for managing and sharing resources.
peaq stands out as the only blockchain built from the ground up to support these networks, offering developers and innovators the tools they need to create systems that solve real-world problems.
How much progress has peaq made so far?
A Growing DePIN Developer Community
peaq’s developer portal and software development kit (SDK) simplifies the process of building on its blockchain, making it accessible to both seasoned blockchain developers and newcomers.
The DePIN network offers builders a unique collage of features:
- A developer-friendly, robust infrastructure capable of aiding high volumes of activity without conceding speed or reliability.
- Self-Sovereign Machine Identities (SSMIs) that ensure secure, autonomous machine operations.
- Peer-to-peer payments that authorize fast, guarded, and wallet-friendly deals between machines and users.
- Decentralized Data Sharing (DDS) promotes trustworthiness and the safety of your data by eliminating single points of failure, etc.
Its commitment to bringing people together to solve real-world problems is evident in the DePINs building on its blockchain.
For example: MapMetrics is already mapping over 600,000 kilometres daily, specifically for navigation and geolocation services.
Teneo Protocol makes you monetize your unused social media bandwidth and connect real-time data to Web3.
Silencio is a decibel-reading project that rewards you for monitoring noise pollution with your phone.
With over 50 DePINs now onboard, peaq Network is already making its mark as a critical player in the Machine Economy.
These DePIN projects show how peaq’s technology can address real-world challenges while giving value to users and communities.
The DePIN Base Camp Program
Created in collaboration with Outlier Ventures and Borderless Capital, the base camp accelerator initiative has already shown much potential, attracting over 110 applications from across the globe.
Six promising DePIN projects were selected for the inaugural cohort; five are now building on peaq Network.
These teams are spearheading catalytic solutions in sectors like mobility, energy, and healthcare, in tune with the boundlessness of said sectors within the peaq ecosystem.
$PEAQ Token
At the heart of the peaq ecosystem lies $PEAQ token that powers every aspect of the network.
$PEAQ is used to pay for different services and transactions, participate in key decision-making processes, run validator nodes, and to reward validators for securing the network.
You can stake $PEAQ tokens on the peaq portal (available now on desktop). This user-friendly approach lowers the barrier to entry for individuals looking to support the network while earning beneficial accumulative rewards.
peaq is built on a delegated proof-of-stake (DPoS) mechanism and ensures that decentralization and security remain at the forefront. So, validators and delegators play an indispensable responsibility in upkeeping the integrity of the network, with staking rewards serving as a strong incentive.
$PEAQ’s tokenomics is tailored for sustainability and growth. Starting November 12, a supply of 4.2 billion tokens began to circulate within the global crypto market with a gradually decreasing annual inflation rate.
The token listed on a dozen major exchanges including Kucoin, Crypto.com, Bitget, Gate.io, and MEXC. Plans for a peaq-native DEX are already in motion.
You can store your $PEAQ tokens securely on MetaMask, Fireblocks, and Ledger. These wallets (asides Ledger) make it easier for you to engage with the ecosystem while maintaining control over your assets.
As peaq continues to grow, the roadmap ahead is filled with invigorating developments, such as the integration of stablecoins to support the network’s hassle-free transactions, enhancement in system interoperability with other blockchains for liquidity and scalability, and fiat currency on-ramps that will make it easier for non-crypto users to join peaq.
Here’s how you can join the movement:
- Purchase $PEAQ: Available on major exchanges, a $PEAQ token is your gateway to the network.
- Stake Your Tokens: Support the network while earning rewards through peaq’s staking platform.
- Develop on peaq: (If you are a dev passionate about DePINs) Utilize the developer portal and SDK to build your own DePINs or contribute to existing projects.
- Participate in the peaqosystem: Find DePIN projects building on peak that you can join and contribute to. While you engage with them, you also earn points as rewards. A good example is Silencio.
- Engage with the Community: Join Peag’s active community on all social media and participate in discussions that will shape its future.
peaq’s success backstory has also been fueled by its strategic collaborations and partnerships with key industry leaders that further reinforce utility in its ecosystem. This has empowered the network for a future where decentralizing infrastructure and communities pave the way for technology to serve the people rather than monopolies.
In the Machine Economy, all voices matter, and resources are distributed fairly, and innovation is accessible to everyone.
Whether you’re a dApp developer, investor, or just a crypto enthusiast in general, there are many ways to participate in peaq’s growing ecosystem.
Together, we can unlock the full potential of peaq’s concepts of decentralization to form a future that’s fairer, smarter, and more connected.
You all-in?
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