Peak, a blockchain platform targeted on decentralized infrastructure networks (DePIN), is ready to launch its Layer 1 blockchain between Sept. 22 and Sept. 30, in accordance with an announcement on its official X account.
Secured by , peaq will energy its native token and plans to carry on-chain to over 1,000,000 units throughout 45+ dapps at launch.
Along with Polkadot, peaq is built-in with a number of main blockchain networks, together with , Cosmos, Binance BNB, and so forth. The platform at the moment contains over 850,000 machines, autos and units, manages over $25 million in tokenized property, and helps over 30 tasks.
The platform has additionally launched KREST, the native token of the take a look at community on Kusama, to simulate operations earlier than the total rollout, and KREST holders will likely be eligible to obtain a PEAQ airdrop upon launch.
Blockchain’s financial mannequin is disinflationary, with the preliminary inflation charge set at 3.5% and reducing yearly till it stabilizes at 1%.
Based by entrepreneurs Until, Leo and Max, peaq plans to combine blockchain expertise with the Web of Issues (IoT). After working with corporations corresponding to Audi, NTT and Gucci, the founders developed peaq as a purpose-built Layer-1 blockchain to help distinctive decentralized functions.
By 2021, peaq was based to help the DePIN utility. Earlier this yr, the corporate raised $15 million from traders together with Animoca Manufacturers and Borderless Capital, after which an extra $20 million with the launch of CoinList in Could.
Peaq employs a twin consensus mechanism that features Delegated Proof of Stake (DPoS) for block manufacturing and Nominated Proof of Stake (NPoS) for validation. Block manufacturing is dealt with by collators who create blocks and keep the state of the community, and delegators stake tokens to make sure the trustworthiness of the collators.
The platform additionally comes with distinctive modular options tailor-made for DePIN functions, together with self-sovereign machine id, machine entry management, fee capabilities and information validation.
Earlier this yr, peaq was making ready for its mainnet launch and revealed an in depth roadmap: A pre-launch model of the community is already dwell, however a number of technical enhancements are deliberate, together with integration with multi-signature pockets MetaMask and the discharge of a Ledger peaq app for token storage.
Key updates additionally embody the launch of a decentralized change (DEX), a peaq node staking dashboard, enhancements to the marketing campaign person interface, and integrations with Galxe, Particle Community, and Fireblocks for safe storage.
Moreover, a Tier-1 bridge will likely be built-in to help cross-chain transactions, stablecoins will likely be enabled on the platform, and partnerships with exchanges will facilitate peaq token and native DePIN buying and selling.
