PEAQ Token: facilitating DePINs and dApps

At the core of the Peaq Network lies the PEAQ token, a digital asset fundamental to driving interactions, transactions, and incentives within the ecosystem.

Functioning as the native utility token of the Peaq Network, the PEAQ token holds significant importance within the Economy of Things. Its primary purpose is to facilitate the network’s operations and activities by serving as an economic catalyst. Users employ PEAQ tokens for various purposes, such as providing liquidity to the network, participating in governance processes, trading on exchanges, and engaging in Machine DeFi activities.

A notable feature of the PEAQ token is its role in incentivizing machines, devices, and Decentralized Physical Infrastructure Networks (DePINs). Machines that actively contribute to the network’s development receive rewards in PEAQ tokens, transforming them into self-sustaining entities capable of managing resources independently.

Additionally, DePINs and decentralized applications (dApps) that drive value generation, transactions, and community engagement are rewarded through a decentralized revenue-sharing model. This incentivization structure fosters a dynamic ecosystem where all participants are encouraged to collaborate, innovate, and contribute to the network’s growth and success.

The multifaceted utility and central role of the PEAQ token make it indispensable to the sustainability and prosperity of the Peaq Network.