peaq (PEAQ) is a Layer 1 blockchain dedicated to providing a network for the future of DePIN. DePIN (Decentralized Physical Infrastructure Networks) is a fast-growing sub-industry in crypto that powers physical applications with decentralized protocols and incentives. This can include distributing unused computational power, building maps or providing telecom coverage.
peaq’s goal is straightforward – to become the leading DePIN-specific blockchain in the world. While other L1s like Ethereum and Solana are home to existing DePIN projects, these networks are ultimately general purpose. On the flipside, peaq is purpose-built to support DePINs and the millions of devices, machines and robots that come with them.
PEAQ, the blockchain’s native token, is designed to pay for transaction networks on the network, participate in governance and earn rewards via staking mechanisms.