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Token Name and Symbol

PEAQ ($PEAQ)

Purpose:

• The $PEAQ token serves as the native utility token of the peaq network, a Layer 1 blockchain built specifically to power Decentralized Physical Infrastructure Networks (DePINs) and Machine Real-World Assets (RWAs). Its primary purposes include:

  • Transaction Fees: Fueling all on-chain transactions and smart contract interactions within the peaq network.

  • Network Operation (Staking): Securing the network through validator staking and enabling passive income for delegators.

  • Governance: Empowering $PEAQ holders to participate in the decision-making processes that shape the future of the peaq network.

  • Machine Trustworthiness (Future): Establishing a reputation system where staked $PEAQ can act as a guarantee of a machine's reliability and performance..

Behind The Team

The peaq project is being developed by a team with expertise in blockchain technology, IoT, and business development.

While specific individual names might evolve, the core team is focused on building the infrastructure for the Machine Economy.

You can typically find information about the core team and advisors on the official peaq website and through their official announcements.

• Till Wendler-Founder

• Leonard Dorlochter Co founder

• Max Thake Co founder

Partnerships

• Master card

• Bosch

• Airbus

• GAIB

• Airwaive

• NTT

• Continental

Security & Audits

Security is a paramount concern for any blockchain network. Peaq employs several measures to ensure the integrity and safety of its platform and the $PEAQ token:

• Underlying Technology: Built using Substrate, a robust and modular blockchain framework known for its security features.

• Staking Mechanism: The requirement for validators to stake a significant amount of $PEAQ acts as an economic incentive to act honestly and a deterrent against malicious behavior.

• Slashing: Penalties, including the loss of staked $PEAQ, are in place for validators who attempt to compromise the network.

• Security Audits: Peaq undergoes security audits conducted by reputable third-party blockchain security firms to identify and address potential vulnerabilities in its code. Information about completed audits is typically shared publicly.

Potential

The potential of the $PEAQ token is closely tied to the growth and adoption of the peaq network and the broader Machine Economy. Several factors contribute to its potential:

• Focus on a Growing Sector: The DePIN and Machine RWA space is gaining significant traction as technology advances and the demand for decentralized infrastructure increases. Peaq's specific focus on this sector positions it to capitalize on this growth.

• Strong Utility: The $PEAQ token has inherent utility within the network for transaction fees, staking, and governance, creating demand as the network usage increases. The future utility related to machine trustworthiness further enhances its value proposition.

• EVM Compatibility: This allows a wide range of existing Ethereum-based applications and developers to easily build on the peaq network, fostering ecosystem growth.

• Modular DePIN Functions: These pre-built tools lower the barrier to entry for developers looking to build DePINs, potentially leading to a rapid expansion of applications on the network.

• Growing Ecosystem: The increasing number of DePINs and devices connected to the peaq network demonstrates its growing adoption and potential for future expansion.

However, like all cryptocurrencies, $PEAQ's value is subject to market volatility and the success of the underlying technology and its adoption.

It's crucial to conduct thorough research and understand the risks involved before making any investment decisions.

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