As an analyst with a background in blockchain technology and experience in analyzing funding rounds and community adoption, I am thoroughly impressed by peaq Network’s recent $20 million fundraising success on CoinList. The oversubscription of the PEAQ token launch by over 14,500 wallets is a testament to the enormous support and trust the community has in peaq and the broader Web 3.0 ecosystem.
Peaq Network, a decentralized Layer-1 blockchain, recently made an announcement of securing approximately $20 million through CoinList’s funding and token launch, marking one of the largest such events over the past two years.
The PEAQ token’s launch has successfully come to an end, leaving data indicating overwhelming community interest. To be more specific, approximately 14,500 wallets participated, shattering records for the most significant funds amassed and the greatest contribution in over two years.
peaq Funding to Boost Activities on L1
The network is convinced that this perspective highlights the significant backing and faith the community and the wider Web 3.0 community place in peaq. This attitude carries importance for the L1 as it prepares for its upcoming mainnet release. Furthermore, the extensive adoption signifies a burgeoning curiosity within the decentralized Physical Infrastructure Network (DePIN) sector.
Till Wendler, co-founder of peaq expresses heartfelt appreciation towards the community for their trust in our mission and unwavering backing. The token launch on CoinList marked a significant milestone towards becoming a fully community-driven project. We’re thrilled to advance further in this vein with more community engagements and activities, which sends a powerful message to the decentralized finance (DeFi) sector as a whole.
As a crypto investor in peaq, I can tell you that the secured fund will significantly enhance our platform’s capabilities and make it more resilient over time. Peaq intends to use the $20 million raised during the token launch to expand its ecosystem, refine its Modular DePIN Functions, and fortify network security. The majority of the funds will be allocated towards new initiatives aimed at increasing community engagement and promoting wider adoption of DePIN.
PeaQ’s Modular DePIN Functions will feature several advanced components. These include:
Based on Peaq’s announcement, $PEAQ holders of $KREST are anticipated to receive a launch opportunity, even though a definite date has yet to be disclosed. Furthermore, there may be other prospects arising around the mainnet launch that merit consideration.
peaq Registers Huge Growth in Peaqosystem
I recently came across some exciting news about the peaqosystem, the ecosystem of the cryptocurrency protocol I’m invested in. In April, there was a remarkable increase of 20% within this dynamic environment.
As a crypto investor, I’ve observed that approximately 25 DeFi projects, represented by their respective DePINs (Decentralized Project Identifiers), have shown their support for the upcoming protocol before its official launch. I anticipate that these numbers will increase significantly in the coming weeks. The funds raised during the CoinList token launch are expected to contribute substantially towards making this growth a reality.
After the successful completion of the CoinList token sale, the protocol will move on to handling allocations over the following days.
Recently, CoinList announced some significant enhancements to its platform. Among these changes is a revamped Karma system, serving as the foundation for a reputation-point structure. Additionally, they introduced five distinct Karma Tiers: Rust, Bronze, Silver, Gold, and Platinum.
Significant difference: The higher the tier, the more opportunities for accessing exclusive token sales and deals.
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2024-05-17 14:44