The lifeblood of the Economy of Things
The PEAQ token is the native utility token of the peaq network and ecosystem - it is the lifeblood of the Economy of Things.Documentation
What can you do with PEAQ?
Holders of the PEAQ token will have certain rights and abilities. The token can be used as follows.
PEAQ is used to pay transaction fees, deploy smart contracts, and use Web3 bridges.
PEAQ is used for liquidity mining, liquidity provision, and rewarding the community.
PEAQ is used to mint Machine NFTs, allowing you to own a piece in the Economy of Things.
New machines and Machine IDs will be voted on and subsidized by the community using PEAQ.
Voting and Governance
PEAQ is used by the community to vote on dApps and machines running on the network.
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.
The PEAQ token is not in circulation yet. PEAQ’s total supply is set at 4,200,000,000. Further details to do with tokenomics will be released ahead of peaq’s token launch. To stay in the loop on all PEAQ token announcements, follow peaq on CoinMarketCap and Twitter.