The PEAQ token is the native utility token of the peaq network and ecosystem - it is the lifeblood of the Economy of Things.
Token Utility
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.
Token Utility
peaq Verify
PEAQ is used for liquidity mining, liquidity provision, and rewarding the community.
peaq AI Agents
PEAQ is used to mint Machine NFTs, allowing you to own a piece of the Machine Economy.
Machine Subsidies
New machines and Machine IDs will be voted on and subsidized by the community using PEAQ.
peaq Index
PEAQ is used to pay transaction fees, deploy smart contracts, and use Web3 bridges.
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.
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