Peaq, a blockchain platform centered on Decentralized Infrastructure Networks (DePIN), is ready to launch its Layer 1 blockchain between September twenty second and September thirtieth, in response to an announcement on its official X account.
Backed by , peaq is targeted on powering its native token, bringing over 1,000,000 gadgets throughout 45+ dapps on-chain with its launch.
Along with Polkadot, peaq integrates with a number of main blockchain networks, together with , Cosmos, Binance BNB, and . The platform at the moment contains greater than 850,000 machines, automobiles, and gadgets, manages greater than $25 million in tokenized property, and helps greater than 30 tasks.
The platform additionally launched KREST, its testnet's native token, on Kusama to simulate operations earlier than full rollout. KREST holders will probably be entitled to the PEAQ airdrop after its launch.
The blockchain financial mannequin is disinflationary, with an preliminary inflation fee set at 3.5% that may lower yearly till it stabilizes at 1%.
Based by entrepreneurs Until, Leo and Max, peaq plans to combine blockchain know-how with the Web of Issues (IoT). After working with corporations similar to Audi, NTT and Gucci, the founders developed peaq as a devoted layer 1 blockchain to assist distinctive decentralized purposes.
Till 2021, peaq was established to assist DePIN purposes. Earlier this yr, it raised $15 million from traders together with Animoca Manufacturers and Borderless Capital, and one other $20 million from the launch of CoinList in Could.
peaq makes use of a twin consensus mechanism that features Delegated Proof of Stake (DPoS) for block manufacturing and Nominated Proof of Stake (NPoS) for validation. Block manufacturing is ensured by stackers who create blocks and keep community state, whereas delegators stake tokens to make sure the reliability of stackers.
The platform additionally contains distinctive modular options tailor-made for DePIN purposes, together with autonomous machine identities, machine entry management, cost features and knowledge authentication.
Earlier this yr, peaq launched an in depth roadmap because it prepares to launch on the mainnet. The pre-launch model of the community is stay, however a number of technical enhancements are deliberate, together with integration with the MetaMask multi-signature pockets and the discharge of the Ledger peaq utility for token storage.
Key updates additionally embody the launch of a decentralized change (DEX), a staking dashboard for peaq nodes, an improved person interface for campaigns, and integration with Galxe, Particle Community, and Fireblocks for safekeeping.
Moreover, a Tier-1 bridge will probably be built-in to assist cross-chain transactions, whereas stablecoins will probably be enabled on the platform. Partnerships with exchanges are set as much as facilitate buying and selling of peaq tokens and native DePIN.
