peaq Network’s Journey to Launch Has Just Begun… or Has It?

6 min readJul 21, 2024

Excitement within the peaqosystem is palpable as the peaq Network moves steadily towards mainnet launch and token listing.

With the pre-launch network already operational, peaq is setting the stage for its final transition to mainnet, and many people are ready for it.

This critical phase involves a series of integrations and upgrades designed to support the ecosystem and ensure a smooth launch. So, I’ll be taking us far into that aspect, as to what they are doing and what we can anticipate from them.

Let’s dive in.

Pre-Launch

peaq’s pre-launch protocol is a testing ground for essential integrations such as the ones they did with the VLaunch launchpad for DePINs and AI protocols like Olas, as well as improvements in the infrastructure of the network.

These upgrades are vital to preparing peaq for its ultimate goal of supporting all of the decentralized physical infrastructure networks (DePINs) ready to launch on and/or with it.

Now, allow me to explain a little on what exactly DePINs are.

Decentralized physical infrastructure networks use blockchain technology such as peaq Network’s to make the management and operation of physical assets zero-focused on centralized entities.

By physical assets, I mean various infrastructure like energy grids, telecommunications networks, transportation systems, et al, vital for day-to-day usage.

Decentralized as they are, DePINs are powered by groups of individuals or entities for the purpose of improving efficiency, transparency, and security of said infrastructure, while reducing — if not totally eliminating — their heavy reliance on the whims of centralization.

DePINs enable multiple stakeholders to participate in the operation of the infrastructure, often through token-based incentives, mainly to distribute control and benefits more evenly than in a big centralized environment, and boost innovation and community engagement in managing physical infrastructure.

Anyway, back to the peaq pre-launch.

During this pre-launch stage, peaq is raising the bar in DePIN collaboration by integrating various DePINs and integrating with various exchanges to build the necessary infrastructure that is typically required for a robust and durable DePIN network from the outset.
Roadwork & Listing
To begin with, the peaq Network is bringing the MetaMask wallet, the most widely adopted wallet, into its protocol; and a peaq-based Ledger app will securely hold peaq-native tokens.

SAFE will be introduced as well, as a multisig (multi-signature) wallet designed to enhance the security of digital assets.

Multisig wallets demand multiple private keys from users to authorize their transactions. This places them as an extra layer of security, distributes their control among several parties and reduces the risk of unauthorized transactions as multiple approvals are needed to move funds.

SAFE will be utilized as the most adopted multisig wallet, ensuring that users’ peaq-native tokens are secure as per the information I have just given.

Going forward, the peaq portal makes mention of significant updates such as the introduction of a Staking Dashboard that will allow staking on peaq nodes, and a decentralized exchange (DEX) for the trading and provision of liquidity to peaq native assets, both post-listing (happening after the token listing).

A campaign user interface will be set to enhance campaign experiences of peaq participants fondly known as peaqonauts. Galxe will be integrated to support peaq-native campaigns.

On the other hand, the Fireblocks protocol will secure token custody for users of the network, and a Tier-1 Bridge will be built to facilitate cross-chain transactions. Stablecoins will also be integrated in the network, along with On/Off-Ramp services for easier token exchanges.

BitBond will push token minting and management, and there will be multiple exchange integrations to support peaq and the peaqosystem’s DePINs.

To scale and decentralize the network, peaq plans to deploy more validators/nodes via professional infrastructure providers, trusted enterprises, and community governance.

Additional features will include staking, storage, and address unification functionalities.

These developments will be gradually rolled out on peaq’s pre-launch network and culminate in the $PEAQ token listing and launch of the first set of peaq DePINs on its mature layer-1 blockchain.
EVM Tools for Mainnet Deployment
On the technical side, the following tools powered by Ethereum Virtual Machine’s (EVM) pallets and smart contracts will be deployed on peaq mainnet:

Decentralized Identifiers (DIDs)

These enable the creation/management of self-sovereign identities, allowing users to control their digital identities without relying on centralized authorities, and providing a secure, verifiable way to manage identities across different DePIN services within the peaqosystem.

Role-Based Access Control (RBAC)

This will regulate user access to computer or network resources based on the roles of individuals in the peaqosystem, where it will ensure that only authorized users can perform specific actions or gain access to certain data. This then enhances security and operational control in the process.

Vesting

This process gradually unlocks tokens over time as per a predefined schedule, and is often used for token distributions to team members, investors, or usual community members; ensuring long-term commitment and reducing potential risks of large-scale sell-offs.

Token Capabilities

Token capabilities on peaq include support for various token standards, and enable diverse functionalities and applications. These standards ensure compatibility and interoperability within the peaq ecosystem and with other blockchain platforms. For the DePINs that have a link with Ethereum and its ecosystem, tokens like the following will be used:

ERC-20

Widely-used standard for fungible tokens which facilitates the creation and management of tokens used for various purposes. These include utility tokens, governance tokens, and stablecoins.

ERC-721

The basic standard for non-fungible tokens (NFTs) on Ethereum which enables the creation of unique assets that represent ownership of items like digital art, collectibles, or real-world assets.

ERC-1155

The standard that supports both fungible and non-fungible tokens within a single contract, and allows for more efficient transactions and operations that involve different types of tokens, and reduces costs and complexity.

ERC-4626

For tokenized vaults that manage yield-bearing tokens. This standard facilitates the creation of vaults that can hold/manage assets, distribute yield and interest to token holders, and improve the efficiency of DeFi protocols.

Account Abstraction

peaq has a collaboration with the Particle Network that is currently underway for account abstraction, just like it will do with SAFE.

Account abstraction is a concept in blockchain tech that enhances the flexibility and functionality of user accounts. Traditionally, user accounts on blockchain networks have a fixed, standardized structure that dictates how transactions are meant to be processed versus how account logic is to be executed.

Account abstraction aims to decouple the logic of transaction processing from the underlying blockchain, to allow more customized and user-friendly account management.

Networks can use AA to define custom rules for validating transactions, to enable more complex and tailored transaction types. By implementing custom validation, networks can enhance security measures, such as multi-signature requirements and time-locked transactions.

Account abstraction simplifies the user experience (UX) with more intuitive account operations and by integrating stuff like social recovery mechanisms.

peaq’s partnership with Particle is bound to enable you to have more control over your account and transactions, whilst making the peaqosystem more accessible to a wider audience, ranging between those building in it to those using DePINs powered by it.
So, When?
The target date for peaq’s mainnet launch and the listing of the $PEAQ token is sometime between September 9–22 of 2024. This is quite subject to change based on external factors and third-party dependencies. Updates will be communicated as necessary to ensure transparency.

The forthcoming weeks will be crucial as these integrations and upgrades are rolled out to set the stage for a successful mainnet launch and official native token listing.

So, for those looking to support DePIN projects or build on peaq, the time to get involved is now. The peaqosystem is gearing up for a metamorphic period in its history, and strong community support will be instrumental in its success.

Don’t miss out. Follow peaq’s social channels for the latest news and insights.