PEAQ
No. 60Price
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- Introduction
- Feed
1. Project introduction
peaq is a Layer 1 blockchain purposely built and optimized for DePINs (Decentralized Physical Infrastructure Networks) and Machine RWAs (Real World Assets). Leveraging parallelized block production, asynchronous backing and agile core time, the network is capable of scaling to 10,000 TPS (transactions per second) and will be capable of scaling beyond 100,000 TPS post upgrade, while maintaining a minimum transaction cost of approximately $0.00025. peaq leverages the most environmentally friendly blockchain architecture available and the largest (Ethereum) and second-largest (Substrate) developer ecosystems in Web3.
2. Investment institutions
Investors include Werner Geissler, former vice chairman of Procter & Gamble, Michael Ganser, former CEO of Cisco Germany, Xavier Sarras, partner of 4P Capital, Friedrich Neuman, senior consultant of Deloitte, and Steffen Seifarth, former CEO of Mäurer & Wirtz.
Generative Ventures and Borderless Capital led the investment, and Spartan Group, HV Capital, CMCC Global, Animoca Brands, Moonrock Capital, Fundamental Labs, TRGC, DWF Labs, Crit Ventures, Cogitent Ventures, NGC Ventures, Agnostic Fund, Altana Wealth and others participated.
In June 2022, Peaq announced the completion of a $6 million seed round of financing, which was led by Fundamental Labs and participated by HashKey Capital, GSR Markets, Delta VC, Mulana, Cypher Capital, GravityX, Waterdrip, Ceras and Master Ventures.
3. Token application and distribution
Token application:
1.Transaction fees
2.Network Operation
3.Network governacne
Token distribution:
Funding 34%
Community 21%
Team & Core Contributors 20%
Network Security 5%
Ecosystem &Treasury 20%
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