The potential rising star of the Internet of Things (IoT) $PEAQ multi-level certification system empowers, with a hundredfold potential?

Peaq is a Web3 network specifically designed for the Internet of Things (IoT), relying on the Polkadot blockchain, dedicated to supporting the development of decentralized physical infrastructure networks (DePINs). Peaq's network architecture allows entrepreneurs and developers to build decentralized applications for intelligent devices such as vehicles and robots, allowing users to directly manage and benefit from connected devices, promoting the upgrading of the Internet of Things economy in the Web3 era.

To ensure the credibility of devices and data, PEAQ has introduced a three-layer authentication mechanism, including signature authentication originating from devices, Pattern Recognition verification, and oracle-based verification, to better ensure the security and integrity of IoT data. This multi-level authentication provides a solid trust foundation for various decentralized applications, especially suitable for application scenarios that require data reliability.

With its unique three-generation coin economic model and strong cross-chain interoperability, peaq is rapidly expanding its ecosystem to support diverse IoT applications. With the integration with the cross-chain protocol Wormhole, peaq further enhances its connectivity in multiple blockchain ecosystems, accelerating the development and innovation of Web3 IoT.

1. Multi-layer authentication guarantees data trustworthiness: PEAQ ensures the trustworthiness of IoT data through device signature, Pattern Recognition and oracle three-layer verification, and builds a more secure IoT data environment for decentralized applications.

2. Three-generation coin economic model, flexible Incentive Mechanism: peaq uses three tokens: $PEAQ, $KREST, and $AGUNG, which are respectively used for the mainnet, canary network, and testnet, ensuring network stability and incentivizing customer engagement, forming a multi-level economic cycle.

3. Extensive IoT application scenarios: PEAQ supports applications such as intelligent transportation, electric vehicle charging, shared cars, energy trading, etc., promoting the practical application of decentralized infrastructure and demonstrating its huge potential in the IoT economy.

4. Powerful cross-chain interoperability: As a parallel chain of Polkadot, peaq has been integrated with the Wormhole cross-chain protocol, supporting interoperability with multi-chain ecosystems such as BNB Chain, Ethereum, and Polygon, enhancing liquidity and ecosystem scalability.

Peaq ($PEAQ) is a decentralized IoT network based on Polkadot, dedicated to providing reliable data authentication and cross-chain interoperability for IoT devices. Based on the initial circulation of $PEAQ 13.23 million coins and TGE 0.079274 dollars, the initial circulation market value of peaq is $10.48M, and the fully diluted valuation (FDV) is $333M.

To estimate the unit price of the $PEAQ token, which is consistent with the market value of similar decentralized IoT, data storage, and computing protocols, the token can be calculated as follows.

Benchmark project type and market value expectations:

DIMO ($DIMO) - Decentralized Automotive Data Insight Network

Token price: 0.164 dollars

Market capitalization: $40,295,178.96

If the circulating market value of $PEAQ is the same as $DIMO, the token unit price is about 0.305 dollars

Increase: + 284.8% of TGE price

Arweave ($AR) - Decentralized Data Storage Protocol

Unit price: 19.68 dollars

Market capitalization: $1,291,739,446.24

If the circulating market value of $PEAQ is the same as $AR, the token unit price is about 9.76 dollars

Increase: + 1 2211.8% of TGE price

io.net ($IO) - Decentralized Computing Network

Token price: 2.15 dollars

Market capitalization: $259,117,867.44

If the circulating market value of $PEAQ is the same as $IO, the token unit price is about 1.96 dollars

Increase: + 2373.1% of TGE price

Peaq's token economics design aims to support the long-term development and stable growth of its decentralized Internet of Things (IoT) ecosystem. The total number of tokens published is 420 million, of which the initial circulation is 13.23 million, accounting for 3.15% of the total supply, and the initial circulation market value is about $10.48 million. The token publishing price is $0.079274, and the total market value calculated at this price is $333 million. To ensure the reasonable distribution and release of tokens, Peaq has established diversified distribution and release mechanisms to promote the healthy development of the community and ecology.

Launchpad/Community Offering (6%): Release 15% during token generation, and the remaining portion will be linearly released over 6 months.

Community activities (15%): TGE is not released, and then linearly released within 36 months.

- Ecology and Treasury (20%): TGE not released, 48-month linear release.

Early stage investors (12%): TGE releases 5%, after 6 months of lock-up, releases 5% per month, linearly releases within 24 months.

Private placement (22%): TGE releases 7.5%, after 6 months of lock-up, releases 7.5% per month, linearly releases within 18 months.

Team core contributor (11.5%): TGE is not released, and it is linearly released after 9 months of locking.

Team EoT Labs (8.5%): TGE not released, linearly released after 9 months of lock-up.

Cyber security (5%): TGE not released, 54 months linear release.

Specific use cases of tokens

1. Payment and transaction fees: $PEAQ, as the native token of the peaq network, is used to pay for all transaction fees on the network, including the cost of deploying and running smart contracts in the network, ensuring the continuous operation of the system.

2. Staking and consensus mechanism: Users need to stake $PEAQ to become a validator node, supporting the consensus and security of the network. At the same time, the principal can also stake $PEAQ to support the validator node they have selected, so as to obtain part of the block reward.

3. Governance rights: PEAQ holders enjoy on-chain governance rights and participate in key decisions of the network through voting, including protocol updates and network rules, fully realizing community autonomy.

4. Trust and reputation system: Equipment and machine operators can pledge $PEAQ to prove the credibility of their services, ensuring that devices in the network operate in accordance with standards and increasing the reliability of IoT devices.

5. Reward mechanism: Node operators, developers, and community members can receive $PEAQ rewards by providing resources and services on the network, which encourages the active level and ecological development of the entire network.

 

V. Team and financing

VI. Risk Warning

VII. Official link