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What is peaq network (PEAQ)?

peaq network basic info

Name:peaq network
Ticker:
Introduction:

What Is Peaq Network?

Peaq Network is a Layer 1 blockchain specifically developed to support decentralized applications (dApps) and Decentralized Physical Infrastructure Networks (DePINs), with a focus on the Economy of Things (EoT). Built using the Substrate framework, Peaq Network integrates with the Polkadot ecosystem, providing a secure and scalable foundation. The platform is designed to enable devices, machines, and physical assets to operate and communicate within decentralized networks, supporting applications in real-world sectors like the Internet of Things (IoT) and machine-to-machine (M2M) interactions.

Peaq Network is built to process transactions at high speeds, initially supporting 10,000 transactions per second (TPS) and potentially scaling to 500,000 TPS. Transaction costs are designed to remain low, with Peaq’s energy-efficient infrastructure relying on Polkadot’s decentralized security framework. These features position Peaq for use cases requiring both high transaction throughput and real-time data, such as autonomous vehicles and connected devices.

How Peaq Network Works

Peaq Network operates through various modular components that facilitate decentralized interactions and transactions between machines and devices:

  1. Modular DePIN Functions: Peaq offers a range of pre-configured functions that developers can use to build DePIN applications. These functions include peaqIDs (unique machine identities), role-based access control, data verification, and machine payment processing. The modular approach allows developers to create applications for sectors like logistics, autonomous services, and IoT-enabled devices.

  2. Smart Contract Compatibility: Peaq supports Ethereum Virtual Machine (EVM) and WebAssembly (WASM) smart contracts, enabling developers to build with Solidity or Rust. This compatibility allows Peaq to interact with other blockchain networks, including Ethereum, Cosmos, Solana, and Binance, enhancing its interoperability.

  3. Data Verification: Peaq implements a multi-tier data verification process to authenticate information originating from devices or sensors. This includes three tiers of verification, ranging from direct device-originated data to oracle-backed validation, ensuring data integrity and security within applications.

  4. AI Integration: Peaq integrates with Fetch.ai, allowing the deployment of autonomous AI agents, known as Microagents, to automate and optimize processes. This is particularly useful in scenarios like autonomous parking or logistics management, where connected devices require coordination.

  5. Environmental Efficiency: Unlike traditional proof-of-work blockchains, Peaq Network minimizes energy usage by relying on validators rather than miners. This validator-based design leverages Polkadot’s Layer 0 framework, allowing Peaq to maintain low energy consumption while achieving scalability and decentralization.

What Is the PEAQ Token Used For?

The PEAQ token is the native cryptocurrency of Peaq Network and has several core functions within the ecosystem. With an initial supply of 4.2 billion tokens, PEAQ operates under an inflation model that decreases annually, incentivizing early adopters and contributors. Key uses of the PEAQ token include:

  1. Transaction Fees: Like many blockchain platforms, Peaq Network requires PEAQ tokens to pay transaction fees. This fee structure ensures that each interaction on the network is processed and helps support network security.

  2. Staking and Rewards: PEAQ tokens can be staked within Peaq’s validator and delegator framework. Validators secure the network and propose new blocks, while delegators stake their tokens in support of chosen validators. Both validators and delegators receive staking rewards in PEAQ tokens, encouraging active participation in network security.

  3. On-Chain Governance: PEAQ token holders participate in governance decisions, including protocol upgrades and resource allocation. Through this model, Peaq Network incorporates community input into the development and future direction of the platform.

  4. Treasury and Subsidies: Peaq allocates PEAQ tokens to treasury pools that fund ecosystem development, machine onboarding, and network security. The token allocation supports ongoing network improvements and incentivizes the integration of new devices and services.

  5. Support for DePIN and EoT Applications: The PEAQ token facilitates Peaq’s mission in the decentralized Economy of Things, where devices and networks engage in automated transactions. PEAQ tokens serve as a medium of exchange in applications like autonomous car-sharing, IoT-based logistics, and other M2M transactions.

Conclusion

Peaq Network is a Layer 1 blockchain with a focus on supporting decentralized infrastructure and applications for machine and device interactions. By combining high scalability, EVM compatibility, and a suite of modular tools, Peaq Network aims to provide a blockchain solution for sectors that require high transaction speeds and secure data handling. With PEAQ tokens facilitating transaction fees, staking, governance, and ecosystem incentives, Peaq Network provides a platform designed for decentralized physical networks and the evolving Economy of Things.

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Current price:
All-time high:$0.6200
All-time low:$0.003000

PEAQ supply and tokenomics

Circulating supply:-- PEAQ
Total supply:-- PEAQ
Max supply:0 PEAQ
Market cap:--
Fully diluted market cap:--

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What is the development prospect and future value of PEAQ?

The market value of PEAQ currently stands at --, and its market ranking is #999999. The value of PEAQ is not widely recognized by the market. When the bull market comes, the market value of PEAQ may have great growth potential.

As a new type of currency with innovative technology and unique use cases, PEAQ has broad market potential and significant room for development. The distinctiveness and appeal of PEAQ may attract the interest of specific groups, thereby driving up its market value.

What will the price of PEAQ be in 2025?
Based on PEAQ's historical price performance prediction model, the price of PEAQ is projected to reach $0.00 in 2025.
What will the price of PEAQ be in 2030?
In 2030, the PEAQ price is expected to change by 0.00%. By the end of 2030, the PEAQ price is projected to reach $0.00, with a cumulative ROI of -100.00%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of PEAQ and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is PEAQ worth investing or holding? How to buy PEAQ from a crypto exchange?

If you want to buy PEAQ, the following information may be helpful for your investment decisions:
In the last 7 days, the price of PEAQ has fallen by undefined%, leading to negative returns for most PEAQ investors. The market is currently pessimistic about the price trend of PEAQ.
It is important to note that the current price of PEAQ has retreated by -66.65% from its all-time high. This coin is currently considered medium-risk, and its price may rebound or continue to fall.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether PEAQ is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in PEAQ or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of PEAQ, if you want to buy or sell PEAQ, you can consider Bitget for your trading needs. The best place to buy PEAQ is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in peaq network has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy peaq network. Here's a step-by-step guide on how to buy peaq network on Bitget.

How to get peaq network through other methods?

Using cash to buy peaq network is not the only way to obtain peaq network. If you have the time to spare, you can get peaq network for free.
Learn how to earn peaq network for free through the Learn2Earn promotion.
Earn free peaq network by inviting friends to join Bitget's Assist2Earn promotion.
Receive free peaq network airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to peaq network through Bitget Convert, Bitget Swap, or spot trading.

What is peaq network used for and how to use peaq network?

The use case of peaq network may expand as the crypto market and the project itself develop. Currently, you can use PEAQ to achieve the following goals:
Arbitrage by trading PEAQ: Since PEAQ is a frequently traded cryptocurrency, the price of PEAQ is always fluctuating. Earn more PEAQ by buying low and selling high on the exchange. Bitget spot market provides a variety of PEAQ trading pairs to fully meet your needs.
Earn by staking PEAQ: You can also generate income through financial management methods such as staking PEAQ or lending PEAQ. Bitget Earn offers a variety of financial products designed to help you earn more income from your PEAQ.
Send or pay PEAQ: If you want to give PEAQ to your friends, a charity, or a fundraiser, or you want to pay someone with PEAQ, you can quickly and easily send PEAQ to the recipient through their payment address.
You can also go to the official website of the peaq network project to learn more about the use cases of PEAQ. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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