Utility
Utility Like with any other Layer 1 blockchain’s native asset, PEAQ’s primary utility is in enabling the most fundamental interactions on the network: paying transaction fees, producing blocks in a censorship-resistant way via a staking and slashing mechanism, and governing the network. Here is more information on these utilities:Transaction fees
PEAQ is used for transaction fee payment on the peaq blockchain. The amount of PEAQ needed for any particular transaction is calculated based on the weight, length, and other parameters of the transaction. As with other layer-1 blockchain, it is impossible to use the network without PEAQ, as no transactions can be carried out without paying the fee in PEAQ. Just like with dApps on Ethereum, all transactions from DePINs on peaq will require a fee in PEAQ. The millions of machines, vehicles, and sensors across these DePINs are expected to generate billions of transactions.Staking
peaq relies on the work of Validators and Delegators for block production. To ensure that blocks are produced in an honest, censorship-resistant and reliable way, peaq has a staking mechanism, which incentivizes honest work from Validators and Delegators. Validators need to provide a staking deposit to run a Validator node to have “skin in the game”. Delegators can delegate their stake to Validators of their choice in order to back them. Only those Validators with enough backing (stake) are able to produce blocks. Thus Delegators actively govern which Validators are producing blocks and can thereby ensure that trusted and well operating Validators are active. If the Validator misbehaves or goes offline, its Delegator stops earning. Thus Delegators need to continuously check Validators’ behavior and manage their stake allocation actively.Governance
Holding PEAQ will enable you to gradually guide the network by voting on key decisions via onchain governance concerning its development and future. Initial Post-Launch Period: Community suggestions are gathered via polls, AMAs, and calls. The foundation holds veto power to safeguard stability. Midterm: Governance shifts onchain. PEAQ holders, the Council and the Technical Committee can propose upgrades, parameter changes, or treasury spending. Council decisions can be overturned by the community; the Technical Committee can fast-track urgent or block risky proposals. Longterm: A fully open, advanced onchain governance model enables any PEAQ holder to propose changes and vote transparently onchain. Safeguards promote broad participation and approved proposals are implemented automatically. The community also manages funds via onchain governance.Inflation
The inflation rate is initially set at 3.5%, ensuring sufficient incentives for early adopters. However, the inflation rate will decrease annually by 10% and will stabilize once the network reaches 1% inflation, following a disinflationary model. In the future, the community will be able to vote on adjustments to the inflation/deflation model via the network’s governance.Allocation at genesis
The table is horizontally scrollable →| Allocation Category | Supply % | Distribution Address | Allocation Subcategory | Address Type | Supply % | Token Amount | Available at TGE | Lock-Up (Months) | Release after Lock-Up | Linear Vesting (Months) |
|---|---|---|---|---|---|---|---|---|---|---|
| Investors | 34 | 5Ejz…rbk3 | Funding (Pre Seed) | / | 7 | 294,000,000 | 11,025,000 | 6 | 11,025,000 | 24 |
| Funding (Seed) | / | 5 | 210,000,000 | 13,125,000 | 6 | 13,125,000 | 24 | |||
| Funding (Private) | / | 13 | 546,000,000 | 40,950,000 | 6 | 40,950,000 | 18 | |||
| Funding (Pre Launch Private) | / | 9 | 378,000,000 | 28,350,000 | 6 | 28,350,000 | 18 | |||
| Community | 21 | 5FqM…61NJ | Community (Community Sale) | LayerZero contract:0xe410…D862 | 6 | 252,000,000 | 40,950,000 | 0 | 0 | 6 |
| Community (Get Real Campaign) | Foundation managed:0xB22E…097 | 5 | 210,000,000 | 0 | 3 | 0 | 0 | |||
| Community (Early Adopters Campaign) | Foundation managed:0x1A4e…bf5b | 2.53 | 106,260,000 | 0 | 3 | 0 | 0 | |||
| Community (Initial Community Campaign) | Further distribution address:5HbJd…JEP | 2 | 84,000,000 | 84,000,800 | 0 | 0 | 0 | |||
| Community (Community Reserve) | Foundation managed:0xe0a4…9d8F | 5.47 | 229,740,000 | 0 | 0 | 0 | 0 | |||
| Core Contributors | 11.5 | 5FqVA…DymA | Core Contributors | / | 11.5 | 483,000,000 | 0 | 9 | 0 | 36 |
| 8.5 | 5GEde…sJVY | EoT Labs | / | 8.5 | 357,000,000 | 0 | 9 | 0 | 36 | |
| Network Security | 5 | 5F4r…Xyy | Network Security (Security Reserve) | Foundation managed:0x355A…1913 | 3.4583 | 145,248,600 | 0 | 0 | 0 | 0 |
| Network Security (Genesis Node Set) | Further distribution address:5GGkf…SZMx | 0.0417 | 1,750,140 | 1,750,140 | 0 | 0 | 0 | |||
| Network Security (Core Time Lease) | / | 1.5 | 63,000,000 | 0 | 0 | 0 | 24 | |||
| Ecosystem & Treasury | 20 | 5FWuQ…Exdo | Ecosystem & Treasury (Market Making & Liquidity) | Further distribution address:5GEdz…ANWAF | 3.75 | 157,500,000 | 157,500,000 | 0 | 0 | 0 |
| Ecosystem & Treasury (Reserve) | Foundation managed:0x4b4c…D49 | 11.18 | 469,560,000 | 0 | 0 | 0 | 0 | |||
| Ecosystem & Treasury (Capital Contributions) | Foundation managed:0x45AD…33B | 0.3 | 12,600,000 | 0 | 0 | 0 | 0 | |||
| Ecosystem & Treasury (Grants) | Foundation managed:0x46E9…83C0 | 1.77 | 74,291,837.77 | 0 | 0 | 0 | 0 | |||
| Ecosystem & Treasury (Expansion Reserve) | Foundation managed:0x7B38…455 | 3 | 126,000,000 | 0 | 0 | 0 | 0 |
Unlocks
| Month | PEAQ Unlock | Inflation* | Locked PEAQ | Unlocked Supply** | % Unlocked | Total Supply |
|---|---|---|---|---|---|---|
| 0 | 377,650,940 | 0 | 3,822,349,060 | 377,650,940 | 8.99% | 4,200,000,000 |
| 1 | 39,900,000 | 12,250,000 | 3,789,799,060 | 422,450,940 | 10.03% | 4,212,250,000 |
| 2 | 39,900,000 | 12,250,000 | 3,757,249,060 | 467,250,940 | 11.06% | 4,224,500,000 |
| 3 | 75,110,000 | 12,250,000 | 3,689,489,060 | 547,260,940 | 12.92% | 4,236,750,000 |
| 4 | 75,110,000 | 12,250,000 | 3,621,729,060 | 627,270,940 | 14.76% | 4,249,000,000 |
| 5 | 75,110,000 | 12,250,000 | 3,553,969,060 | 707,280,940 | 16.60% | 4,261,250,000 |
| 6 | 73,010,000 | 12,250,000 | 3,488,309,060 | 785,190,940 | 18.37% | 4,273,500,000 |
| 7 | 131,285,000 | 12,250,000 | 3,364,374,060 | 921,375,940 | 21.50% | 4,285,750,000 |
| 8 | 100,455,833 | 12,250,000 | 3,271,268,226 | 1,026,731,773 | 23.89% | 4,298,000,000 |
| 9 | 106,079,167 | 12,250,000 | 3,172,539,060 | 1,137,710,940 | 26.40% | 4,310,250,000 |
| 10 | 106,079,167 | 12,250,000 | 3,073,809,893 | 1,248,690,107 | 28.89% | 4,322,500,000 |
| 11 | 106,079,167 | 12,250,000 | 2,975,080,726 | 1,359,669,273 | 31.37% | 4,334,750,000 |
| 12 | 106,079,167 | 12,250,000 | 2,876,351,560 | 1,470,648,440 | 33.83% | 4,347,000,000 |
| 13 | 106,079,167 | 11,410,875 | 2,777,118,918 | 1,581,291,957 | 36.28% | 4,358,410,875 |
| 14 | 106,079,167 | 11,410,875 | 2,677,886,276 | 1,691,935,474 | 38.72% | 4,369,821,750 |
| 15 | 88,579,167 | 11,410,875 | 2,596,153,635 | 1,785,078,990 | 40.74% | 4,381,232,625 |
| 16 | 88,579,167 | 11,410,875 | 2,514,420,993 | 1,878,222,507 | 42.76% | 4,392,643,500 |
| 17 | 88,579,167 | 11,410,875 | 2,432,688,351 | 1,971,366,024 | 44.76% | 4,404,054,375 |
| 18 | 88,579,167 | 11,410,875 | 2,350,955,709 | 2,064,509,540 | 46.76% | 4,415,465,250 |
| 19 | 88,579,167 | 11,410,875 | 2,269,223,068 | 2,157,653,057 | 48.74% | 4,426,876,125 |
| 20 | 88,579,167 | 11,410,875 | 2,187,490,426 | 2,250,796,574 | 50.71% | 4,438,287,000 |
| 21 | 88,579,167 | 11,410,875 | 2,105,757,784 | 2,343,940,090 | 52.68% | 4,449,697,875 |
| 22 | 88,579,167 | 11,410,875 | 2,024,025,143 | 2,437,083,607 | 54.63% | 4,461,108,750 |
| 23 | 88,579,167 | 11,410,875 | 1,942,292,501 | 2,530,227,124 | 56.57% | 4,472,519,625 |
| 24 | 88,579,167 | 11,410,875 | 1,860,559,859 | 2,623,370,641 | 58.51% | 4,483,930,500 |
| 25 | 85,954,167 | 10,596,272 | 1,780,963,456 | 2,713,563,316 | 60.37% | 4,494,526,772 |
| 26 | 42,320,833 | 10,596,272 | 1,745,000,385 | 2,760,122,658 | 61.27% | 4,505,123,043 |
| 27 | 42,320,833 | 10,596,272 | 1,709,037,315 | 2,806,682,000 | 62.15% | 4,515,719,315 |
| 28 | 42,320,833 | 10,596,272 | 1,673,074,245 | 2,853,241,342 | 63.04% | 4,526,315,587 |
| 29 | 42,320,833 | 10,596,272 | 1,637,111,175 | 2,899,800,684 | 63.92% | 4,536,911,859 |
| 30 | 42,320,833 | 10,596,272 | 1,601,148,104 | 2,946,360,027 | 64.79% | 4,547,508,131 |
| 31 | 42,320,833 | 10,596,272 | 1,565,185,034 | 2,992,919,369 | 65.66% | 4,558,104,403 |
| 32 | 23,333,333 | 10,596,272 | 1,548,209,464 | 3,020,491,211 | 66.11% | 4,568,700,675 |
| 33 | 23,333,333 | 10,596,272 | 1,531,233,894 | 3,048,063,053 | 66.56% | 4,579,296,947 |
| 34 | 23,333,333 | 10,596,272 | 1,514,258,323 | 3,075,634,895 | 67.01% | 4,589,893,218 |
| 35 | 23,333,333 | 10,596,272 | 1,497,282,753 | 3,103,206,737 | 67.45% | 4,600,489,490 |
| 36 | 23,333,333 | 10,596,272 | 1,480,307,183 | 3,130,778,579 | 67.90% | 4,611,085,762 |
| 37 | 23,333,333 | 9,804,321 | 1,462,856,442 | 3,158,033,641 | 68.34% | 4,620,890,083 |
| 38 | 23,333,333 | 9,804,321 | 1,445,405,701 | 3,185,288,703 | 68.79% | 4,630,694,404 |
| 39 | 23,333,333 | 9,804,321 | 1,427,954,961 | 3,212,543,765 | 69.23% | 4,640,498,725 |
| 40 | 23,333,333 | 9,804,321 | 1,410,504,220 | 3,239,798,826 | 69.67% | 4,650,303,046 |
| 41 | 23,333,333 | 9,804,321 | 1,393,053,479 | 3,267,053,888 | 70.11% | 4,660,107,368 |
| 42 | 23,333,333 | 9,804,321 | 1,375,602,739 | 3,294,308,950 | 70.54% | 4,669,911,689 |
| 43 | 23,333,333 | 9,804,321 | 1,358,151,998 | 3,321,564,012 | 70.98% | 4,679,716,010 |
| 44 | 23,333,333 | 9,804,321 | 1,340,701,257 | 3,348,819,074 | 71.41% | 4,689,520,331 |
| 45 | 0 | 9,804,321 | 1,346,583,850 | 3,352,740,802 | 71.35% | 4,699,324,652 |
| 46 | 0 | 9,804,321 | 1,352,466,442 | 3,356,662,531 | 71.28% | 4,709,128,973 |
Inflation impact on circulating supply
The inflation has the following impact on the circulating supply:- 40% of yearly inflation goes into circulation through rewards for Delegators and Validators. This portion directly increases the circulating supply.
- 60% of yearly inflation goes to the below described treasury buckets, remaining outside of the circulating supply initially.
Unlocked tokens ≠ tokens in circulation
According to the methodologies of CoinMarketCap and CoinGecko, tokens distributed during a public sale are part of the circulating supply, even if they remain locked. As a result, the 6% CoinList sale allocation are added to the circulating supply as of December 6, 2024. This update increases the circulating supply from 376,976,863 to 624,514,387 PEAQ on that date.peaq foundation managed addresses
The following addresses are managed by the peaq foundation and not considered part of the circulating supply:- Community (Community Reserve): 0xe0a4B8d19Fb1E80b4EFbBd30Bd3D3a4158Db9d8F
- Network Security (Security Reserve): 0x355A1EC71E87777Cf77e3181f96A2825073f1913
- Ecosystem & Treasury (Reserve): 0x4b4c2aABaDA91534B217a5B70E3b43A678F88D49
- Ecosystem & Treasury (Grants): 0x46E967F90f9426823603db6765123Ba27AB983C0
- Ecosystem & Treasury (Expansion Reserve): 0x7B38b140d02635f5a983E14467D70e7fE829e455