The peaq token
The PEAQ token is the native utility token of the peaq network and ecosystem - it is the lifeblood of the Economy of Things.
Transaction Fees
Every transaction made on the peaq networks incurs a fee. This fee is paid using PEAQ tokens.
On-chain Governance
PEAQ tokens empower holders to vote on crucial network governance decisions.
Staking
Delegators play a key role by backing up collators they trust, ensuring the creation of censorship-resistant blocks.
Machine Reputation System
Building a decentralized reputation and trust system by staking on machines will be a critical utility.
Own PEAQ.
Own the Economy of Things.
The PEAQ token confers certain rights to token holders in the peaq ecosystem. These include; the ability to act as a validator, collator, or nominator, the ability to participate in network governance, the ability to vote on which machines are subsidized, and the ability to participate in the decision-making process in relation to global upgrades and/or changes to the peaq network.
