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peaq network logo

peaq (PEAQ)

Past
Total Raise: $24,040,000
Date: 08 Jun 2021 - 16 May 2024

peaq is a multi-chain layer one blockchain purposely built and optimized for DePIN and Machine RWA. The network is capable of scaling beyond 100,000 transactions per second (TPS) (pending upgrade) while maintaining a minimum transaction cost of approximately $0.00025. peaq leverages the most environmentally friendly blockchain architecture available and the second-largest developer ecosystem in Web3.

The project has successfully raised $24,04M from reputable investors, including Animoca Brands, Spartan Group, Fundamental Labs, Borderless Capital, TRGC, and many others.

❗️ ❗️ ❗ IMPORTANT:

Please note that all information, including our ratings and reviews, is presented purely for educational purposes. CoinLaunch isn't a financial advisor and doesn't intend for the information to be perceived as investment advice or recommendations. Our project evaluation methodology encompasses 89+ distinct variables/metrics, refined over time through the team's rich 7-year experience

peaq Overview

Ticker: PEAQ
Country: Singapore
Founded: 2017
Whitelist: No
Blockchain Network: Ethereum
KYC: Yes
Bounty: Yes
MVP: Yes
Type: ICO
Security Audit: No

peaq Review

peaq is a first-tier blockchain designed as the foundation for DePINs (real-world applications).

peaq is at the forefront of the global infrastructure revolution, enabling people to own and earn across such sectors as communications, energy, environment, mobility, agriculture and digital infrastructure. peaq supports a network of more than 400,000 devices, vehicles, machines and robots (Machine RWAs) operating in its ecosystem with more than 25 DePINs spanning 11 industries.

$PEAQ is peaq's own 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.

peaq provides seamless interoperability with Polkadot, cross-chain machine IDs with Cosmos, Solana, and Binance, and bridging with Ethereum. peaq is EVM compatible and has bridging with 30+ blockchains through Wormhole. peaq rewards machines and DePIN developers who connect, contribute, and generate transactions on the network, contributing to a decentralized, positive-sum economy that works for the good of the world.

The project has its peaqosystem (peaq’s ecosystem) with a huge number of partnerships with DePIN and dApps, enterprises and SMEs, integrations wallets and IDs.

peaq characteristics include:

  • Super Decentralized: peaq has a Nakamoto Coefficient of 90+. The highest among major Layer-0 and Layer-1 blockchains.
  • Super Scalable: peaq will scale past 100,000 transactions per second by leveraging Elastic Scaling and Agile Core Time.
  • Environmentally Friendly: The peaq network is engineered using the most environmentally friendly blockchain architecture in Web3.
  • Modular DePIN Functions: peaq provides ready-to-use modular functions to power and tokenize vehicles, robots, and devices on any DePIN.

On May 9th, 2024, Peaq Token Launch on Coinlist began. The contribution period ends on May 16th, 2024. $PEAQ Token Distribution date is Mid/Late June.

 

peaq’s token sale pros:

  • Below-the-average FDV for infrastructure project ($333mln); 
  • Low Initial Circulation Supply ($10.50M); 
  • Relatively low monthly token inflation rate (2.29%);
  • Low Initial Circulation Supply/FDV (6%);
  • High-quality website;
  • Great SMM coverage;
  • Top Tier investors and partners; 
  • Decent PR Performance;
  • Team members have solid experience;
  • Good Search Engine Optimization;
  • Not bad Influencer Marketing Performance;
  • Has own blog.

peaq’s token sale cons:

  • 15% unlock at TGE: x6.6 ROI needed at leasting for break even
    In this case, FDV will be ~$2.2B that means the project must get into TOP 50)
  • No public security audits;
  • Weak Marketing Infrastructure.

peaq Token Economy

Total Raise: $24,040,000
Total Supply: 4,200,000,000
Private/Pre-sale: 1,428,000,000 (34%)
Public Sale: 252,000,000 (6%)
Fully Diluted Valuation (FDV): $333,333,333
Initial Circulation Supply: $10,487,950 (3.15% of FDV)

peaq Token Sale (ICO & IDO) Rounds

Seed: Jun 2021 Past

Price: N/A
Tokens for sale: N/A
Raise: $2,500,000
Lock-Up: N/A
Private: Jun 2022 Past

Price: $0.011905
Tokens for sale: 504,000,000
Raise: $6,000,000
Lock-Up: 5% on TGE, 6 months cliff, 5%, then 24 months vesting
Private: Mar 2024 Past

Price: $0.016234
Tokens for sale: 924,000,000
Raise: $15,000,000
Lock-Up: 7.5% on TGE, 6 months cliff, 7.5%, then 18 months vesting
ICO: May 2024 Past

Price: $0.079274
Tokens for sale: 252,000,000
Raise: $19,977,048
Lock-Up: 15% unlock at TGE, 6 months linear release
Launchpad: CoinList Logo CoinList

peaq Token Release Schedule

peaq Token Release Schedule

peaq Funds and Backers
(3/26)

Submit
GSR logo
GSR
Score:
12 numbers of
investment
Read More
Hashkey Capital logo
HashKey Capital
Score: High
11 numbers of
investment
Read More
Animoca Ventures Logo
Animoca Brands (Ventures)
Score: Very High
11 numbers of
investment
Read More
View All

peaq Marketing Activity

Search Engine Optimization
Social Media & Community Management
PR & Traffic
Marketing Infrastructure
Influencer Marketing
Growth Marketing
Last Update:  11 May 2024 Upgrade

peaq Team

Max Thake
Max Thake
Co-founder
Scott (Scott Foo) Bourke Jr.
Scott (Scott Foo) Bourke Jr.
DePIN & Web3 Growth Lead
Igors G.
Igors G.
SM Lead

peaq News

peaq Roadmap

2024-2025
  • Community Offering;
  • peaq Network Launch & Token Listing;
  • Growth Campaign;
  • Staking Dashboard;
  • DEX;
  • Cross-chain Bridges;
  • Machine Tokenization Platform.

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