peaq

About peaq (PEAQ)

What Is peaq (PEAQ)?

peaq is a layer 1 network for the machine economy: robots, vehicles, sensors and AI agents that transact on their own behalf. It gives each machine a self owned identifier, a wallet, a reputation record and a route to settlement. peaq sits in the decentralized physical infrastructure network (DePIN) category, and its mainnet and token went live on 12 November 2024. PEAQ pays gas and funds the deposit required to register a machine.

Official resources:

• Website: https://www.peaq.xyz/
• Documentation: https://docs.peaq.xyz/
• Tokenomics: https://docs.peaq.xyz/learn/tokenomics
• Purple paper: https://www.peaq.xyz/purple-paper
• Block explorer: https://peaq.subscan.io/
• Source code: https://github.com/peaqnetwork

Who Founded peaq? (History)

peaq is built by EoT Labs, a Berlin company founded in 2017 by Leonard Dorloechter, Max Thake and Till Wendler. The chain was developed with the Substrate framework and spent years in testing inside the Polkadot ecosystem, which secured it before launch. Mainnet and the token launched together in November 2024. EoT Labs remains the main contributing team, and peaq documents a phased governance path from foundation stewardship toward open on chain proposals from any holder.

How peaq Works

peaq documents two layers. peaqOS is the application layer, where developers and machines use one SDK for identity, credit scoring, payments and tokenization. Beneath it, the peaq Trust Layer records ownership, reputation and transactions. The peaq chain holds canonical records, with state mirrored to what the docs call satellite chains, so a machine registered once can be discovered from other networks. Validators stake to produce blocks, delegators back them, and misbehaviour is slashed.

Key Ecosystem Components

• peaq ID, a globally unique decentralized identifier for a machine in the form did:peaq:0x..., not issued by any single company.
• Machine Credit Rating, a creditworthiness grade computed from a machine's earnings and activity history, readable across chains via an API.
• Machine NFT, a transferable ownership token for a machine and its financial profile, kept separate from its identity.
• peaqOS functions grouped as Activate, Qualify, Scale, Monetize, Tokenize and Stream, covering provisioning, reputation, delegated payments, ERC-3643 ownership tokenization and data connectivity.

PEAQ Token Utility

PEAQ pays transaction fees, and the documentation is explicit that the network cannot be used without it. It is also the machine registration deposit, the asset staked by validators and delegators, and the governance token. New issuance and fees are split between validators and delegators, two treasuries, a DePIN incentive pool and machine subsidies. Issuance is disinflationary, starting at 3.5 percent a year and falling by a tenth annually until it settles at 1 percent.

What Makes peaq Unique?

Most DePIN projects run one network for one type of hardware. peaq supplies plumbing many of them need: identity, reputation, payments and ownership records. The Machine Credit Rating is the least common piece, turning a device's operating history into a portable creditworthiness signal other applications can price against, which points at machine financing rather than only machine payments.

How peaq Differs from Similar Projects

Helium rewards one wireless network, and GEODNET does the same for positioning reference stations. IoTeX is closer in ambition as a device oriented chain, but peaq's framing is deliberately chain neutral: machines onboarded through peaq should be usable from applications on other networks rather than pulled onto peaq.

Use Cases of peaq

Documented areas include electric vehicle charging, shared mobility and fleets, sensor networks, robotics, and machine to machine payments where one device pays another for a service. Tokenization extends this to fractional ownership of revenue generating hardware.

How peaq Is Secured

Security rests on delegated staking. Validators post a deposit to operate, delegators stake behind them, and stake weight determines block production. Slashing penalises misbehaviour, and delegators can withdraw support from validators they distrust.

Risks and Considerations

peaq depends on real hardware being deployed and used, which is slower and more capital intensive than software adoption, and its published machine and transaction counts are self reported. The architecture is still moving: the shift toward an omnichain coordination layer is recent, and cross chain mirroring and credit ratings are commonly described as evolving. Issuance continues, governance is not yet fully decentralized, and stake could concentrate among few operators.

Why peaq Matters

If machines are to buy and sell services without a human in the loop, they need identity, reputation and settlement that no single manufacturer controls. peaq is one of few networks attempting all three together, aiming to make a machine investable, not just addressable.

Where Can You Buy peaq (PEAQ)?

PEAQ trades on centralized exchanges and on decentralized venues where it is bridged. Availability differs by jurisdiction, so the official website is the best reference. On a decentralized exchange, confirm the contract against an official peaq source first.

Storage Options After Purchase

Native PEAQ is held in wallets supporting Substrate chains, most of which pair with a hardware wallet. Bridged PEAQ needs a wallet for the network it sits on. Leaving tokens on an exchange means the exchange holds the keys.

Related Coins

• Helium (HNT)
• IoTeX (IOTX)
• GEODNET (GEOD)
• Acurast (ACU)
• XYO (XYO)