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$PEAQ is peaq's utility token that works as a substrate-based token on an EVM-compliant network. This token, which is an integral part of the peaq system, facilitates transactions between humans and machines, furthers blockchain production, participates in network management, and ensures machine reliability. $PEAQ is a fungible token with a supply limit of 4,200,000,000 tokens.
From its Seed Round, peaq has successfully raised $2,5M from such investors as Scherzer & Co. AG, Werner Geissler and Meteoric VC.