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$PEAQ is peaq's own utility token that works as a substrate-based token on an EVM-compliant network. $PEAQ is an integral part of the peaq system as it facilitates transactions between humans and machines, furthers blockchain production, used in network management, and ensures machine reliability. $PEAQ is a fungible token with a supply limit of 4,200,000,000 tokens.
From its Pre-launch Private Round, peaq has successfully raised $15M at $68,2M valuation from investors, including Borderless Capital, TRGC, Animoca Brands, DWF Labs, Cogitent Ventures, NGC Ventures, Spartan Group, Moonrock Capital and others.
7.5% on TGE, 6 months cliff, 7.5%, then 18 months vesting