Research Summary
The report provides an in-depth analysis of peaq, a Layer-1 blockchain designed to power Decentralized Physical Infrastructure Networks (DePIN) and Machine Real World Assets. It discusses peaq’s ecosystem, its DePIN Functions, its Delegated Proof of Stake (DPoS) mechanism, and its native token PEAQ. The report also highlights peaq’s partnerships, its grants program, and its future plans.
Key Takeaways
peaq’s Ecosystem and Functionality
- Integration of IoT and Blockchain: peaq is designed to integrate IoT with blockchain technology, boasting over 30 projects and applications and a network of more than 850,000 connected machines, robots, and devices. It offers full Ethereum Virtual Machine (EVM) compatibility and supports Rust smart contracts.
- DePIN Functions: peaq’s modular stack includes a suite of DePIN Functions, providing a decentralized backend for applications within the DePIN sector. These functions include peaq ID for self-sovereign identities for machines, peaq access for configuring machine and device access, and peaq pay for transactions between machines and users.
peaq’s Native Token and Economic Model
- PEAQ Token: The native token PEAQ is designed to secure the network, reward participants, cover transaction fees, and influence governance decisions. It has a total supply of 4.2 billion tokens and a disinflationary economic model, with an initial inflation rate of 3.5% decreasing by 10% annually until reaching a stable 1%.
- Token Distribution and Vesting: PEAQ token distribution is designed to support various stakeholders, with initial allocations including 7% to Pre-Seed, 5% to Seed, 13% to Private Sale, and 9% to Pre-Launch Private Sale. Vesting schedules vary, with periods ranging from 6 months for Launchpad/Community Sales to 54 months for Network Security.
peaq’s Partnerships and Projects
- Industry Collaborations: peaq’s founders have collaborated with major companies like Audi, NTT, DMG Mori, and Gucci. The network also showcases a network of enterprises and SMEs, including Bosch, Airbus, Continental, and NTT.
- DePIN Projects: Over 30 DePIN projects have committed to building on peaq, with many already active on the krest network. Examples include Silencio, a data network for combating noise pollution, and XMAQUINA, which tokenizes revenues from automated robots.
peaq’s Future Plans
- Roadmap: peaq’s roadmap includes technical improvements such as MetaMask and Ledger app integration, a live DEX, staking dashboard, Galxe and Particle Network integrations, and the introduction of stablecoins.
- Grants Program: The peaq Foundation’s grants program aims to foster ecosystem growth by providing financial resources to entrepreneurs building on peaq. Future grant decisions will be made by PEAQ holders.
Actionable Insights
- Explore peaq’s Ecosystem: Given the extensive network of connected machines and devices, it may be beneficial to explore the potential of peaq’s ecosystem and its integration of IoT with blockchain technology.
- Understand the Functionality of PEAQ Token: With its role in securing the network, rewarding participants, and influencing governance decisions, understanding the functionality and economic model of the PEAQ token could be insightful.
- Monitor peaq’s Partnerships and Projects: peaq’s collaborations with major companies and its involvement in various DePIN projects indicate its potential for growth and innovation. Monitoring these partnerships and projects could provide valuable insights.
- Consider peaq’s Future Plans: peaq’s roadmap and grants program suggest a comprehensive strategy for ecosystem development. Considering these future plans could offer a glimpse into the network’s potential evolution.
