peaq (PEAQ)

It’s been ages since holding alts spot besides a few made sense, still viewing them as short-term flips but eventually some should do well long term.

$peaq & $auki are interesting but they have tons of ongoing unlocks, they should have better token distribution designs. https://t.co/hxO344Pfq3

$PEAQ

The pullback arrived and it made a higher high; if you took advantage of it, the chances of reaching $0.042 have increased.

Very good development https://t.co/cQYHMqVj9T

.@peaq @Edward__Park AMA Recap!
with CBO Martin

Q1. Peaq identifies itself as a robotics layer.
What exactly does it do?
Are there any institutional or enterprise partnerships we might know of, or are there plans for any?
->Peaq, even before Martin joined,
had already laid the groundwork for enterprise collaboration
through its experience in building Web3 departments!

Martin was
in charge of enterprise collaboration at a fairly large German media company,
and personally built and led the Web3 department,
which is why he moved to Peaq!

When thinking about blockchains or layers,
people often understand them as having high TVL and many transactions,
but Peaq states it is different!

Peaq is a layer designed to coordinate the machine economy!
It is a middle-trust infrastructure that machines
will inevitably use, regardless of which blockchain they run on!

For robots and machines to engage in economic activities,
they must go through Peaq's coordination layer.
The detailed explanation is well-described in the Purple Paper,
so it is recommended to refer to it!

Simply put, when a robot performs economic activities,
Peaq identifies its identity, wallet, and credit
to verify what kind of robot it is, if it has sufficient funds,
and if it has credibility in its economic activity records!

Peaq, in an omnichain form, is a prerequisite that robots and services provided by robots
must go through to perform this role, regardless of which blockchain they are on!

Peaq performs the necessary tasks for actual economic activities!

Many media outlets believe the robot market will grow in the future,
how machines will be deployed on infrastructure,
how AI's economic activities should function,
all should be powered by blockchain,
and Peaq operates as the infrastructure for robots for this purpose!

Within the Peaq ecosystem,
over 70 machine economy projects are running,
and hundreds of thousands of devices are actually operating!

This is not just about verification;
there are cases where it is applied in real use and generates revenue!
(This is not a research and verification stage, but a deployment stage!)

There is something called "Dual Mint," the first tokenized robot farm!
It provides a return of about 20% in stablecoins
to over 200 on-chain co-owners,
and over 200 machines are actually operating in the marketplace!

Another partner is Ex Machina!
(A DAO incubated by Peaq)
It holds stakes in the world's leading humanoid robotics companies!

For several years, Peaq has been
complying with legal frameworks
to be more widely deployed in the market!

It has received certification from Dubai regulatory authorities,
and has onboarded several partnerships!

In Korea, Peaq has built an MVP system for LG Electronics'
CLOi Serve Bot, which serves and clears dishes,
to become an on-chain based autonomous economic entity!

Peaq's orchestration engine is also being distributed through OpenClo!
(A task where robots automatically settle after completing premium tasks)

When payment is made, stablecoins are paid to the robot's wallet,
operators and companies distribute fees from economic activities,
and all economic activities are recorded on-chain to leave a transparent record!
(This feels like a demo version created through collaboration, where robots can
perform economic activities autonomously and even issue invoices)

Q2. As more machines connect to the chain in the future,
how will it affect the value of the $PEAQ token?
->Peaq is undergoing the largest tokenomics evolution in history!

Most people, when imagining Layer 1 tokens,
would think demand is generated by being used for gas fees, burning, or locking,

but Peaq believes this structure is insufficient,
and not enough for the token's value to grow!

Therefore, Peaq has been contemplating ways
to capture Peaq's value or generate demand
in various ways, beyond just simple throughput fees!

Peaq wants to be evaluated by you as a layer that accumulates value,
not just executes transactions!

All machines wishing to participate in the machine economy
must participate in the form of Peaq's annual subscription service!

Through the subscription service, they can be onboarded to Peaq OS,
or use Peaq's products!

The price is fixed or predictable,
and actual payments are made in $PEAQ!

From a corporate perspective, since prices are announced in advance,
budgeting becomes fully possible,
and at the time of activation, an oracle records the exchange rate on-chain for settlement!

The paid tokens are permanently bonded to the identity of that machine!
(This is a structure where tokens are not circulated after payment, feels like a lock-up structure?)

As real-world use cases for Peaq OS increase,
the circulating supply will decrease!

Bonded $PEAQ is automatically staked,
and can receive a portion of Peaq's annual inflation rewards as staking rewards!

Fees generated from data consumers and machine-to-machine transactions
will flow through the network,
and fees can be paid in any asset the machine uses!

Q3. What are Peaq's insights and vision?
->Depin, combined with the machine economy and robotics,
is being applied to tokenized assets, etc.,
and understanding the process of change is important!

Early Depin was a structure where humans provided data, infrastructure, services, etc.,
and received token rewards!
(e.g., Hivemapper for navigation systems)

Currently, it is early work to build an infrastructure layer for the machine economy,
and Peaq has been paying attention to the development of the Depin field,
and has believed that as Depin develops, it will become the backbone of the robot economy!

The next wave of Depin and the robot economy
is predicted to change the form of service provision and reward payment!

You can think of it as liquid assets that can invest in machines capable of performing tasks,
rather than people performing tasks, being onboarded to the blockchain!

Machines that can generate and provide revenue
can be traded on-chain like financial assets,
and such economic activities also become possible!

Peaq is a comprehensive robotics layer that not only allows robots to perform economic activities based on blockchain,
but also enables investment in devices, machines,
and the act of generating revenue!

Q4. Peaq mentioned that this year is a turning point for Robotics X Web3.
What is the single most important milestone that must be achieved by the end of this year?
->The first half of this year was a period of laying the groundwork for builders!

PeaqOS, ERC 8003, etc.,
to help Peaq move forward in an omnichain environment,
supporting over 70 machine economy projects,
and establishing a system that no one in the crypto industry had attempted before,
by assigning credit to machines and giving robots credit ratings!

In the coming weeks, the omnichain stack will be fully unveiled,
and it will play the role of a partner needed by all chains!

Visibility of the institutional layer
Institutional collaborations and implementations related to Peaq are underway behind the scenes,
and are scheduled to be announced starting in the second half of the year!

By providing more initial machine offerings and opportunities for the machine economy,
Peaq will lay the foundation for all ordinary people to invest in products developed within Peaq!

Through various efforts, tokenomics will also be strengthened!

Q5. For general users or developers in the community,
what is the most recommended way to participate in Peaq?
->Peaq believes the Korean community is a market that quickly
captures alpha and narratives globally!
(Therefore, Peaq hopes to be captured in the same way)

Holding $PEAQ allows you to generate revenue and stake
through a staking and reward acquisition structure!

Peaq expects value capture and reduction in circulating supply
through the utility layer as well as new products!

Peaq recommends paying attention to what value Peaq will capture in the future!

If you are a builder related to robotics and blockchain,
deploying PeaqOS on machines or hardware
to make them compatible with the machine economy is also part of how to join the community!

In the very near future, Peaq will go beyond simple hardware construction,
and will unveil a structure that allows building businesses, raising capital for them,
and operating them as startups!

Using the Peaq APP is also recommended!
Token swaps, staking, and bridging are possible,
and investment in or access to tokenized machines is also available!

The most important part is that Peaq's machine economy
is not just a simple token, but is becoming a product ecosystem that investors can actually participate in!

To achieve this, Peaq is also securing omnichain accessibility!

Content about integrating PeaqOS into LG Electronics
was also posted in Peaq's official Telegram group!

Those interested should take a look!