PEAQ Describes Itself As

A layer-1 blockchain designed to power the Machine Economy, a decentralized ecosystem where real-world devices, machines, vehicles, and robots operate autonomously and provide services through Decentralized Physical Infrastructure Networks (DePINs).

Project Function

1. Peaq ID (Machine Identity): A system for issuing self-sovereign machine identities (SSMIs) based on Decentralized Identifiers (DIDs). Each device or machine on Peaq can have a unique blockchain-based ID, allowing hardware (vehicles, robots, sensors, etc.) to securely identify itself and interact with other devices and users​.
2. Peaq Access (RBAC): A role-based access control module that lets machine owners or networks define and enforce permissions​.
3. Peaq Pay (Machine Payments): A peer-to-peer payment system tailored for machines, enabling automatic M2M and machine-to-human transactions​.
4. Peaq Verify (Data Verification): A data authentication and verification service for DePIN applications​ which provides methods to validate that data generated or reported by machines is genuine and untampered.
5. Peaq Control: A Web3 machine control center that connects and orchestrates devices, sensors, and robots on the network​.
6. AI Agents Integration: Peaq integrates with autonomous AI agent frameworks (such as Fetch.ai - Build. Discover. Transact. and Autonolas) to enable AI-driven micro-agents on the network​.
7. Machine Asset Tokenization (Machine NFTs): Peaq enables machines or devices to be tokenized as NFTs or fractionalized assets. A device owner can mint a Machine NFT representing their machine, allowing shared ownership or investment in that physical asset​.

Token Utility 

PEAQ is the native token of the network and can be used to pay for transaction/gas fees, staking to secure the network, rewards to validators and delegators, and to pay for services or receive payments by machines on the network.

About The Founders

Peaq was co-founded by the following individuals:

• Max Thake: Prior to co-founding Peaq, Max co-founded Advanced Blockchain AG, the first blockchain development company to be listed on the Frankfurt Stock Exchange.
• Leonard Dorlöchter: Before Peaq, Leonard co-founded Advanced Blockchain AG alongside Max Thake. ​
• Till Wendler: Till also co-founded Advanced Blockchain AG with Max and Leonard. ​
• Pavel Fomenko: Pavel is listed as a co-founder of Peaq, though specific details about his previous work experience are not readily available. ​
• Julia Ponitzsch: Julia is noted as an ex-co-founder of Peaq, but information about her prior roles is not specified.

Risks of PEAQ

Like an investment in other crypto assets, there are some general risks to investing in PEAQ. These include:  (i) volatility risk and liquidity risk, (ii) short history risk, (iii) demand risk, (iv) forking risk, (v) code defects, (vi) regulatory risk, (vii) electronic trading risk, and (viii) cyber security risk. For additional information of these and other general risks associated with crypto assets and Uphold’s platform, please refer to the Risks Specific to Holding Digital Assets statement.

In addition to these general risks, an investment in PEAQ is subject to the following specific risks:

• PEAQ operates using smart contracts, which have an association with vulnerabilities and security breaches. Despite undergoing successful audits by well-regarded third-party entities, it is essential to acknowledge the existence of inherent risks. 

We emphasize that this Crypto Asset Statement is not an exhaustive description or summary of all risks associated with PEAQ. Investors should conduct their own research and perform their own assessment before trading any crypto asset to determine the appropriate level of risk for their personal circumstances.

The PEAQ community and Peaq founding team are not under any legal or regulatory obligation to disclose material information to the public regarding its activities. Holders of PEAQ have no recourse to the PEAQ community, Peaq founding team, or Uphold if PEAQ declines in value for any reason.

Changes to applicable law may adversely affect the use, transfer, exchange, or value of any of your crypto assets, and such changes may be sudden and without notice.

Uphold’s Evaluation Process

Prior to listing PEAQ on the Uphold Platform, Uphold performed due diligence on PEAQ and determined that PEAQ is unlikely to be a security or derivative under relevant securities legislation. Uphold’s analysis including reviewing publicly available information on the following: 

• The creation, governance, usage, and design of PEAQ, including ensuring the source code is open-source, audited and peer reviewed, security, and roadmap for growth in the developer community. 
• The supply, demand, maturity, utility, and liquidity of PEAQ.
• Any marketing materials put forward by the PEAQ social team including on, Twitter, Medium blog, LinkedIn posts, Discord and Telegram channels.
• Material technical risks associated with PEAQ, including any code defects, security breaches and other threats concerning PEAQ and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them.
• Legal and regulatory risks associated with PEAQ, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of PEAQ.