peaq Secures Monumental $20 Million Token Launch on CoinList, Fueling DePIN Revolution

peaq, a leading DePIN platform, has secured $20 million in funding through a successful token launch on CoinList, making it the largest event on the platform in over two years. With over 14,500 community members contributing $36 million, the launch underscores the trust in peaq's vision for decentralized ecosystems and the growing interest in the DePIN space.

peaq Secures $20 Million in Monumental Token Launch on CoinList, Propelling DePIN Innovation

San Francisco, California - May 16, 2024 - peaq, the pioneering DePIN (Decentralized Permissioned Infrastructure) platform, has achieved remarkable success in its recent token launch on CoinList, securing an exceptional $20 million in funding. This launch, the largest on CoinList in over two years, garnered an overwhelming response from the community, with over 14,500 members contributing a staggering $36 million. This resounding triumph not only marks the largest raise on CoinList but also sets a new record for the platform in terms of contributed funds.

"The extraordinary support from our community is an unwavering testament to their belief in peaq and our unwavering vision for the future of decentralized ecosystems," said peaq's CEO. "With this significant funding, we are empowered to accelerate the growth of our platform and drive the development of our Modular DePIN Functions, propelling peaq to new heights."

peaq's token launch on CoinList underscores the growing interest and demand for DePIN solutions in the Web3 landscape. As peaq prepares for its imminent mainnet launch, the overwhelming community support serves as a powerful catalyst for further expansion and innovation within the ecosystem. During the token launch, peaq witnessed an impressive 20% growth in its ecosystem, solidifying its position as the preferred platform for DePIN adoption.

The funds raised from the token launch will fuel peaq's ambitious plans to drive DePIN adoption and development. peaq will allocate resources to support ecosystem programs and community-centric initiatives aimed at broadening the reach of DePIN technology. Additionally, peaq will invest in further enhancing its Modular DePIN Functions, including peaq ID (for self-sovereign machine identities) and peaq pay (for seamless peer-to-peer payments).

CoinList is currently finalizing the allocation of tokens, and participants are advised to stay abreast of forthcoming updates. peaq will release further details regarding the token generation event closer to the mainnet launch.

peaq's remarkable success in its token launch on CoinList not only validates the company's vision but also underscores the transformative power of DePIN technology in shaping the decentralized ecosystems of the future. With its unwavering commitment to innovation and community engagement, peaq is poised to lead the charge in driving the adoption and development of DePIN solutions, empowering developers and users to harness the transformative potential of decentralized infrastructure.