DePIN protocol peaq gears up for mainnet launch as token offering ‘closing in by the day’
DePIN protocol peaq gears up for mainnet originate as token offering ‘closing in by the day’ DePIN protocol peaq gears up for mainnet originate as token offering ‘closing in by the day’
peaq Co-Founder token offering plans after closing successful $15M funding round.
Duvet art work/illustration by CryptoSlate. Image comprises combined snarl that will also encompass AI-generated snarl.
Leonard Dorlochter, the co-founding father of peaq, published that the layer-1 blockchain serious about decentralized physical infrastructure networks (DePINs) and Machine RWAs is gearing up for its mainnet originate and token offering in an uncommon assertion to CryptoSlate.
“The mainnet originate will seemingly be a ancient milestone for the project, the fruits of years’ price of research and vogue, of collaborations with commerce giants recognize Bosch.
Equally intelligent is the fact that soon, we can beginning to beginning peaq to the neighborhood during the upcoming token offering[…] these intelligent events will occur over the next few weeks, they're closing in by the day.”
The announcement comes on the heels of peaq’s successful $15 million pre-originate funding round, led by Generative Ventures and Without boundary traces Capital, with participation from a bunch of effectively-known Web3 traders. The mighty funding in peaq highlights the increasing passion within the DePIN dwelling, which Messari estimates would possibly maybe perchance attain a market doubtless of $3.5 trillion by 2028.
While details about the token offering remain below wraps due to the continued processes, Dorlochter confirmed that these events are place to unfold over the next few weeks. He also shared plans for a serious campaign to toughen DePINs building on peaq, declaring, “We're planning a serious campaign to toughen the DePINs building on peaq and foster their adoption through an even different of gamified challenges with rewards to invent.”
peaq’s layer-1 blockchain is namely designed to cater to the enthralling necessities of DePINs, offering most necessary backend capabilities, a machine-centric economic model, and a supportive ecosystem. These aspects differentiate peaq from diversified networks, with the aim of positioning it as a leading participant within the DePIN dwelling.
The funding round follows a year of great command for peaq, which seen the onboarding of over 20 DePINs spanning varied utilize cases, equivalent to Silencio, ELOOP, and Wingbits. In 2023, peaq showcased its staunch-world capabilities through collaborations with commerce leaders recognize Bosch and Win.ai, demonstrating the doubtless for DePINs to bridge the gap between Web3 and the physical world.
As the DePIN sector continues to gain traction, peaq’s upcoming mainnet originate and token offering hope to play a in truth most necessary purpose in utilizing the adoption and command of decentralized physical infrastructure networks. The project’s focal level on offering a sturdy, scalable, and interoperable platform for DePINs, coupled with its increasing ecosystem and commerce partnerships, positions it within the center of a key anecdote for this cycle.
ð¡ High IoT Crypto Assets
| # | Name | Rate | 24H % | 7D % | 30D % | Market Cap | 24H Vol | ATH | % ATH |
|---|---|---|---|---|---|---|---|---|---|
VET VeChain
|
$0.04431 | -3.37% | +5.51% | -12.94% | $3.22B | $85.55M | $9.55167 | -100% | |
FET Win
|
$3.29908 | +1.19% | +23.83% | +187.25% | $2.77B | $937.84M | $3.39556 | -2% | |
IOTA IOTA
|
$0.35638 | -1.32% | +9.66% | +19.76% | $1.14B | $42.53M | $5.69002 | -94% | |
IOTX IoTeX
|
$0.07859 | -2.7% | +15.18% | +30.76% | $742M | $39.11M | $0.29305 | -73% | |
HONEY Hivemapper
|
$0.15606 | +12.92% | +12.2% | -15.88% | $166.82M | $6.74M | $0.24335 | -36% | |
QANX QANplatform
|
$0.09106 | +4.04% | +42.96% | +1.91% | $63.65M | $3.57M | $0.25089 | -100% | |
MXC MXC
|
$0.02190 | +2.57% | +22.74% | -4.02% | $57.86M | $215.94M | $0.13431 | -83% | |
MXC Machine Xchange Coin
|
$0.01189 | +10.11% | +67.Forty eight% | $30.59M | $3.63M | ||||
SKEY Skey Network
|
$0.06779 | +98.39% | +244.35% | +250.88% | $12.31M | $2.91M | $0.55263 | -88% | |
GEEQ Geeq
|
$0.18626 | -2.85% | -18.81% | +27.85% | $7.18M | $477.34K | $2.13520 | -91% |
Source: CryptoSlate IoT Crypto Sector Records
Liam 'Akiba' Wright
Furthermore called "Akiba," Liam is a reporter, editor and podcast producer at CryptoSlate. He believes that decentralized skills has the doubtless to invent in vogue obvious substitute.
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CryptoSlate is a comprehensive and contextualized offer for crypto news, insights, and data. Specializing in Bitcoin, macro, DeFi and AI.
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