peaq

peaq is a foundational layer-1 blockchain dedicated to driving the Machine Economy. It's built to empower Decentralized Physical Infrastructure Networks (DePINs) along with the numerous devices, robots, and vehicles (RWAs) that rely on them. As of its introduction, peaq hosts over 50 DePINs across more than 20 different sectors.

Decentralized Physical Infrastructure Networks (DePIN) refer to decentralized apps that motivate communities to create physical infrastructure networks using tokens. This includes areas like mobility, electric vehicle charging, and telecommunications, all developed from the ground up.

Learn more about DePIN: https://www.peaq.network/blog/what-are-decentralized-physical-infrastructure-networks-depin

peaq is crafted to support real-world Web3 applications. Its Modular DePIN Functions, which include things like Machine IDs and DePIN Data Verification, provide essential components that help DePINs accelerate their growth and rollout.

The DePIN ecosystem on peaq offers these networks the chance to discover synergies with others, while its enterprise ecosystem focused on DePINs opens up avenues to enhance their market reach. Additionally, peaq provides low-cost, swift transactions and a robust level of decentralization.


Discover more about peaq's DePIN-specific features:
https://www.peaq.network/blog/peaq-a-layer-1-blockchain-designed-for-depins-decentralized-physical-infrastructure-networks

On peaq, you can create any decentralized app that leverages real-world devices to deliver services. Some projects developed on peaq include:

* Silencio: A DePIN gathering the world's most extensive noise pollution map through a mobile app, which rewards users with tokens for gathering local noise data. It has over 360,000 users in 180 countries.
* XMAQUINA: A platform for tokenizing autonomous robots, behind the first-ever tokenized automatic robo-cafe.
* Farmsent: A DePIN for smart farming and a peer-to-peer marketplace for farm produce, having already attracted more than 160,000 farmers across Asia and South America.
* MapMetrics: A drive-to-earn DePIN that rewards users for collecting navigation data via a mobile app, with 60,000 users.
* Teneo Protocol: A DePIN for crowdsourcing real-time social media data through more than 350,000 Community Nodes.

Explore the peaq ecosystem:
https://www.peaq.network/learn/ecosystem

peaq partners with prominent IoT manufacturers like Bosch and is a part of the Bosch-led moveID initiative, which also includes companies like Airbus and Continental. Additionally, peaq is working alongside Mastercard.

Explore the peaq enterprise ecosystem:
https://www.peaq.network/learn/ecosystem?category=Enterprises

PEAQ is the native utility coin of the peaq network and serves as the backbone of the Machine Economy. The token has several purposes:

* Transaction fees: The PEAQ token is used for covering all transaction costs on peaq.
* Staking: By using the $PEAQ token, individuals can create validator nodes or support their chosen validator, earning rewards for maintaining the network.
* Network governance: Future updates will allow $PEAQ holders to participate in on-chain governance by voting, collectively shaping peaq's direction.