peaq, a decentralized infrastructure network, has listed its native utility token, PEAQ, on 12 crypto exchanges, including crypto.com, BitGet, and KuCoin. PEAQ is now trading at around $0.35, a 600% increase from its listing price of $0.05. The token has multiple functions within the peaq ecosystem, including transaction fees, staking for validator nodes, and on-chain governance participation. The platform supports decentralized applications across various industries and has a pool of 32 genesis nodes run by investment firms and enterprises. peaq plans to introduce stablecoin integrations, bridging solutions, fiat on-ramps, and decentralized exchanges in the future. The recent token launch on CoinList attracted $20 million in contributions from over 14,000 wallets and was oversubscribed. The platform aims to democratize the machine economy and enable decentralized applications to operate efficiently and securely.
- Content Editor ( cryptoslate.com )
- 2024-11-12
Peaq soars as trading goes live on 12 crypto exchanges, fueling global DePIN growth