What is Peaq (PEAQ)? An Introduction

Peaq (PEAQ) is a layer-1 blockchain designed to power the Machine Economy and Decentralized Physical Infrastructure Networks (DePINs). It aims to support the billions of devices, robots, and vehicles (RWAs) that operate within these networks. 

With over 50 DePINs already utilizing its platform across more than 20 industries, Peaq is establishing itself as a key player in the decentralized technology space. This article provides an in-depth look at Peaq, its functionalities, and its potential impact on the future of machine economies.

What is Peaq (PEAQ)?

Peaq is a blockchain platform built to enable the Machine Economy by providing the infrastructure needed for DePINs and machine RWAs to operate efficiently. It offers ultra-low fees, high throughput, and plug-and-play functions tailored for machines. 

The Peaq network allows developers to build, launch, and scale real-world applications by providing access to essential tools and infrastructure. Peaq is designed to facilitate a future where machines can transact, interact, and operate autonomously within a decentralized framework.

Key Features of Peaq

Peaq provides modular, plug-and-play functions designed for DePINs, including:

• Peaq ID: Provides identities for machines, enabling secure authentication and management.
  
   
• Peaq Access: Offers on-chain role-based access control, ensuring only authorized devices and users can access specific functionalities.
  
   
• Peaq Verify: Facilitates machine data verification, ensuring data integrity and trustworthiness.
  
   
• Peaq Store: Provides key-value storage for verifiable machine data, allowing for efficient data management and retrieval.
  
   
• UMT: Offers nanosecond time synchronization for machines, crucial for precise coordination in machine operations.
  
   

What is PEAQ Token?

The PEAQ token is the native utility token of the Peaq network, serving as the backbone for various essential functions:

• Transaction Fees: PEAQ is used to pay for transaction fees on the Peaq blockchain. The amount required for a transaction is determined by factors such as weight and length, ensuring efficient network operations.
  
   
• Staking: Validators and delegators use PEAQ tokens in a staking mechanism to produce blocks in a censorship-resistant manner. Validators must stake PEAQ to run a node, while delegators can support validators by delegating their tokens, influencing which validators are active.
  
   
• Governance: Holding PEAQ tokens grants users the ability to participate in on-chain governance, allowing them to vote on key decisions regarding the network's development and future.
  
   

PEAQ Tokenomics and Utility

Peaq's tokenomics are designed to ensure a balanced and sustainable ecosystem:

• Total Supply at Genesis: 4,200,000,000 PEAQ tokens.
  
   
• Inflation Model: The network starts with an annual inflation rate of 3.5%, decreasing by 10% each year until it stabilizes at 1%. This disinflationary model aims to incentivize early adopters while ensuring long-term sustainability.
  
   
• Allocation at Genesis:
  
   
  • Investors: 34% allocated across various funding rounds, with specific lock-up periods and vesting schedules.
    
     
  • Community: 21% allocated for community initiatives, including sales and campaigns, with varying lock-up and vesting terms.
    
     

This structured approach to token distribution and inflation ensures that the network remains secure, decentralized, and aligned with the interests of its participants.

The Peaq Ecosystem

Peaq is home to over 50 DePINs across various industries. These DePINs leverage Peaq’s blockchain infrastructure to create decentralized applications for real-world use cases. By providing the necessary tools and support, Peaq fosters an ecosystem where developers can innovate and build the next generation of machine-driven applications.

PEAQ Price Today

As of April 16, 2025, Peaq (PEAQ) is trading at $0.136. It holds the #309 rank on CoinMarketCap. The market capitalization is $103.54 million, with a 24-hour trading volume of $11.59 million. The circulating supply is 757.05 million PEAQ, with a total supply of 4.26 billion PEAQ.

Read Also: PEAQ Price Prediction 2025

PEAQ Projection

Given its focus on powering the Machine Economy and supporting DePINs, Peaq has considerable growth potential. By providing essential infrastructure and tools for machine-driven applications, Peaq is positioning itself as a key player in the decentralized technology landscape. If Peaq continues to expand its ecosystem and drive innovation in the Machine Economy, PEAQ could see increased adoption and value appreciation.

Conclusion

Peaq (PEAQ) is a layer-1 blockchain that is tailored for the Machine Economy. With its focus on providing essential infrastructure for DePINs and machine RWAs, Peaq is poised to play a significant role in the future of decentralized technology.

FAQ

What is Peaq (PEAQ)?

Peaq is a layer-1 blockchain designed to power the Machine Economy and Decentralized Physical Infrastructure Networks (DePINs).

What are the key features of Peaq?

Key features include Peaq ID, Peaq Access, Peaq Verify, Peaq Store, and UMT, which provide essential functionalities for machine-driven applications.

What is the PEAQ token used for?

The PEAQ token is used for paying transaction fees, staking to support network security, and participating in governance decisions on the Peaq network.

How many DePINs are currently using Peaq?

Over 50 DePINs across more than 20 industries are utilizing the Peaq platform.

What is the current price of PEAQ?

As of April 16, 2025, Peaq (PEAQ) is trading at $0.1367.

What is the total supply of PEAQ tokens?

The total supply at genesis is 4.2 billion PEAQ tokens.

How does Peaq's inflation model work?

Peaq starts with an annual inflation rate of 3.5%, which decreases by 10% each year until it stabilizes at 1%, following a disinflationary model.

How are PEAQ tokens allocated?

At genesis, 34% of tokens were allocated to investors and 21% to community initiatives, each with specific lock-up periods and vesting schedules.

How does staking work on Peaq?

Validators stake PEAQ tokens to run nodes and produce blocks, while delegators can delegate their tokens to support validators, influencing which validators are active.

How can I participate in Peaq's governance?

By holding PEAQ tokens, you can vote on key decisions regarding the network's development and future through on-chain governance mechanisms.