peaq (PEAQ)

peaq enables entrepreneurs and developers to build decentralized applications for vehicles, robots, and devices, while empowering users to govern and earn as connected machines provide goods and services.

Agung testnet. Details

Funding Round: $6M

Seed Round: €2.5M

Whitepaper

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Interest lvl

Medium

Updated: May 10, 2024

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Ticker

PEAQ

Type

Utility-token

FoundedGermany

Registration countrySingapore

Registration year2017

Office address3 Fraser Street #05-25 Duo Tower, Singapore 189352

Launchpads

Coinlist

What is peaq

peaq network is a Smart contract platform built on Substrate supporting ink! and Ethereum Virtual Machine (EVM) smart contracts.

The peaq network enables machines to provide and render services and become fully self-sufficient by leveraging peer-to-peer (p2p) technologies such as Machine NFTs (Non-Fungible Tokens), Decentralized Finance (DeFi), Self-Sovereign Identity (SSI) and novel economic mechanisms to align the incentives of all Economy of Things stakeholders, namely; machines, machine owners, manufacturers, individuals/users, organizations and investors, while incentivising the deployment of more machines to the network. peaq’s novel DeFi mechanisms are built to finance new machines, maximise their profitability, enable shared ownership (via Machine NFTs) and make them self-sufficient. peaq bridges machines manufactured by enterprises which reside on the Internet of Things to the Economy of Things by providing them with decentralized identity (SSI), access and payment capabilities.

peaq is the Web3 network powering the Economy of Things (EoT) on Polkadot, the most environmentally-friendly blockchain network. peaq enables entrepreneurs and developers to build decentralized applications for vehicles, robots, devices, and other machines, while empowering users to govern and earn as these connected machines provide goods and services to people and to other machines. Together with leading consortia, including Gaia-X and MOBI, peaq is co-creating the standards that will power the future of mobility and other connected industries while working to democratize abundance in the Age of Automation.