Introduction to Peaq

Peaq represents an innovative


L1 blockchain

that is tailored for Decentralized Infrastructure Networks (DePIN). This platform bridges physical infrastructure with blockchain technology. Key features of the Peaq mainnet include exceptional scalability for transaction speed, seamless integration with Ethereum Virtual Machine (EVM), and dedicated modules for the development of DePIN applications. Among its offerings are specific functionalities for DePIN such as the Peaq ID, a unique identification system for devices, role-based access controls, intra-device payments, and secure data storage, all conveniently provided via SDK. The PEAQ token functions as Peaq’s utility currency, pivotal for governance, transaction fees, and staking.


Understanding PEAQ

Peaq (pronounced: peek) serves as an advanced blockchain framework facilitating communication among automated systems like robots, vehicles, and other intelligent devices. This enables them to cooperate, assign tasks, and even generate revenue on their own using Peaq’s protocol.

Here are some functionalities offered by Peaq:

Assigns unique identities to devices (similar to a digital identification)

Enables peer-to-peer transactions between devices

Secures data from devices effectively

Empowers users to have ownership stakes in these devices

Peaq is recognized for being rapid, secure, and operates with minimal energy consumption compared to traditional systems.

The PEAQ Token: A Quick Overview

The $PEAQ token is the financial medium utilized within the Peaq system, serving various purposes:

Facilitates transaction fees for operational processes

Contributes to network security through mechanisms like staking

Involves users in governance decisions concerning platform developments

What Makes PEAQ Unique?

Enhances smart device performance

From charging stations for electric vehicles to delivery drones, Peaq augments diverse applications.

Utilizes the token for functional applications

It has real-world utility beyond speculation and trading.

Owners of $PEAQ have voting rights

Stakeholders have a say in strategic decisions regarding Peaq’s future.

Offers high security and efficiency

Large numbers of devices can operate concurrently without slowdowns.

Significance of the Coinone Listing

Coinone is a premier cryptocurrency exchange in South Korea, making it now possible for users there to trade $PEAQ.

What This Means:

Increased accessibility for users to acquire and exchange $PEAQ

A potential influx of capital into the Peaq ecosystem

Opportunities for Peaq’s expansion globally