Peaq soars as trading goes live on 12 crypto exchanges, fueling global DePIN growth News โธ Bitget โธ Crypto.com โธ DePIN
Peaq soars as trading goes live on 12 crypto exchanges, fueling global DePIN growth
PEAQ token listing positions peaq to leverage real-world DePIN applications and democratize the machine economy.
2 min read
Updated: Nov. 12, 2024 at 11:19 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
peaq has listed its native utility token, PEAQ, on 12 crypto exchanges, including crypto.com, BitGet, and KuCoin. The listing enables users to engage with a decentralized infrastructure network (DePIN) that connects over two million devices worldwide.
As of press time PEAQ is trading around $0.35, up 600% from its listing price of $0.05. The CoinList public sale price was $0.07 at a valuation of $332.95 million.
Where to buy peaq tokens
Per peaq’s recent announcement, the PEAQ token is now available on exchanges such as BingX, Bit2Me, CoinList, CoinW, gate.io, Hashkey, KuCoin, MEXC, and will soon be listed on LBank. The token serves multiple functions within the peaq ecosystem, including transaction fees, staking for validator nodes, and future on-chain governance participation.
The initial supply of PEAQ is 4.2 billion tokens, with an inflation rate starting at 3.5% and decreasing annually by 10% until stabilizing at 1%. This supply schedule aims to support long-term growth within the DePIN ecosystem.
peaq’s platform supports decentralized applications with real-world use cases. Hosting over 50 DePINs across 21 industriesโsuch as mobility, energy, connectivity, and decentralized AIโthe network is set to launch projects like Silencio, MapMetrics, DATS, Roam Network, and Teneo Protocol. These applications offer services ranging from noise pollution data collection and drive-to-earn navigation to community-provided bandwidth and real-time social media data crowdsourcing.
The network operates with a pool of 32 genesis nodes run by various entities, including investment firms and enterprises like Bertelsmann Investments, Deutsche Telekom MMS, Lufthansa Innovation Hub, and the Technical University of Munich’s School of Management. The platform features a Nakamoto Coefficient exceeding 130 and throughput of 10,000 transactions per second, with plans to increase capacity through future updates.
In the coming months, peaq plans to introduce stablecoin integrations, bridging solutions, fiat on-ramps, and decentralized exchanges. The focus is on providing tools for projects requiring a blockchain tailored to real-world applications, aiming to disrupt industries traditionally dominated by centralized incumbents.
peaq’s recent token launch on CoinList attracted $20 million in contributions from over 14,000 wallets and was oversubscribed with $36 million contributed. The project also completed a CertiK audit, receiving a high ranking for fundamentals in the pre-launch project category.
The platform’s interoperability is enhanced through connections to over 90 blockchains via LayerZero, allowing liquidity and data to flow freely. It offers modular DePIN functions such as self-sovereign machine identities, peer-to-peer payments, role-based access control, machine data verification, and machine data storage.
Till Wendler, co-founder of peaq, commented,
“peaq’s genesis marks the beginning of a whole new era where Web3 finally gets real. The DePIN revolution will transform the way we run the most critical infrastructure, putting community squarely at the helm.”
The peaq community comprises over 350,000 DePIN enthusiasts and early adopters. The platform aims to democratize the machine economy by enabling decentralized applications to operate efficiently and securely, serving as a foundation for a seamless, borderless economy of machines.
Author 
Liam 'Akiba' Wright
Also known as "Akiba," Liam Wright is a reporter, podcast producer, and Editor-in-Chief at CryptoSlate. He believes that decentralized technology has the potential to make widespread positive change.
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