According to PANews, Peaq, a Layer1 blockchain suitable for DePIN and machine RWA, has announced the launch of its native PEAQ token on CoinList. The token launch will take place from May 9th to May 16th, with more details to be revealed soon. However, users from the United States, Canada, China, South Korea, and a range of other jurisdictions will not be able to participate.
This token release comes as Peaq is preparing for its mainnet launch. In March, Peaq raised $15 million in funding, led by Generative Ventures and Borderless Capital, with participation from Animoca Brands among others. It is reported that Peaq currently hosts more than 20 DePIN networks. DePIN networks use blockchain technology and token incentives to establish physical infrastructure networks, allowing other projects to operate without the need to purchase and run their own equipment.