Peaq soars as trading goes live on 12 crypto exchanges, fueling global DePIN growth

1 week ago

peaq has listed its autochthonal inferior token, PEAQ, connected 12 crypto exchanges, including crypto.com, BitGet, and KuCoin. The listing enables users to prosecute with a decentralized infrastructure web (DePIN) that connects implicit 2 cardinal devices worldwide.

As of press time PEAQ is trading astir $0.35, up 600% from its listing terms of $0.05. The CoinList public sale terms was $0.07 astatine a valuation of $332.95 million.

Where to bargain peaq tokens

Per peaq’s caller announcement, the PEAQ token is present disposable connected exchanges specified arsenic BingX, Bit2Me, CoinList, CoinW, gate.io, Hashkey, KuCoin, MEXC, and volition soon beryllium listed connected LBank. The token serves aggregate functions wrong the peaq ecosystem, including transaction fees, staking for validator nodes, and aboriginal on-chain governance participation.

The initial supply of PEAQ is 4.2 cardinal tokens, with an ostentation complaint starting astatine 3.5% and decreasing annually by 10% until stabilizing astatine 1%. This proviso docket aims to enactment semipermanent maturation wrong the DePIN ecosystem.

peaq’s level supports decentralized applications with real-world usage cases. Hosting implicit 50 DePINs crossed 21 industries—such arsenic mobility, energy, connectivity, and decentralized AI—the web is acceptable to motorboat projects similar Silencio, MapMetrics, DATS, Roam Network, and Teneo Protocol. These applications connection services ranging from sound contamination information postulation and drive-to-earn navigation to community-provided bandwidth and real-time societal media information crowdsourcing.

The web operates with a excavation of 32 genesis nodes tally by assorted entities, including concern firms and enterprises similar Bertelsmann Investments, Deutsche Telekom MMS, Lufthansa Innovation Hub, and the Technical University of Munich’s School of Management. The level features a Nakamoto Coefficient exceeding 130 and throughput of 10,000 transactions per second, with plans to summation capableness done aboriginal updates.

In the coming months, peaq plans to present stablecoin integrations, bridging solutions, fiat on-ramps, and decentralized exchanges. The absorption is connected providing tools for projects requiring a blockchain tailored to real-world applications, aiming to disrupt industries traditionally dominated by centralized incumbents.

peaq’s caller token launch connected CoinList attracted $20 cardinal successful contributions from implicit 14,000 wallets and was oversubscribed with $36 cardinal contributed. The task besides completed a CertiK audit, receiving a precocious ranking for fundamentals successful the pre-launch task category.

The platform’s interoperability is enhanced done connections to implicit 90 blockchains via LayerZero, allowing liquidity and information to travel freely. It offers modular DePIN functions specified arsenic self-sovereign instrumentality identities, peer-to-peer payments, role-based entree control, instrumentality information verification, and instrumentality information storage.

Till Wendler, co-founder of peaq, commented,

“peaq’s genesis marks the opening of a full caller epoch wherever Web3 yet gets real. The DePIN gyration volition alteration the mode we tally the astir captious infrastructure, putting assemblage squarely astatine the helm.”

The peaq assemblage comprises implicit 350,000 DePIN enthusiasts and aboriginal adopters. The level aims to democratize the instrumentality system by enabling decentralized applications to run efficiently and securely, serving arsenic a instauration for a seamless, borderless system of machines.

The station Peaq soars arsenic trading goes unrecorded connected 12 crypto exchanges, fueling planetary DePIN growth appeared archetypal connected CryptoSlate.

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