peaq (PEAQ): tokenomics, risks and score
A chain built specifically for DePIN applications, providing machine identity, access control and payment rails so each project need not build its own.
What peaq is, and what it does
This is a DePIN network. It pays people to supply real physical infrastructure such as wireless coverage, sensors, storage or mapping, and sells the resulting service or data.
What the PEAQ token itself does: Fees are used to buy and destroy the token, so usage of the protocol permanently reduces the supply.
Where it runs: peaq. Mechanism: Substrate based chain for machine economies. It has been running since 2024, so roughly 2 years.
The facts
- TICKER
- PEAQ
- SECTOR
- DePIN
- CHAIN
- peaq
- LAUNCHED
- 2024, so around 2 years of operating history
- MECHANISM
- Substrate based chain for machine economies
- MAXIMUM SUPPLY
- No hard cap with staking issuance
- VALUE CAPTURE
- Buyback burn
- UPGRADE CONTROL
- DAO governed
- VESTING
- In progress
- LIQUIDITY BAND
- Micro cap. Thin, often a single venue or pool. Treat the quoted price as indicative only.
How the score breaks down
Each dimension is explained on the directory page, and the reasoning behind it is taught in the Academy research process.
Supply and value capture
High ongoing issuance. New tokens are minted continuously and holders are diluted unless they participate. Fees are used to buy and destroy supply, so usage reduces the number of tokens outstanding.
Changes go through token holder governance, so control is distributed but influenced by whoever holds most. Ownership is heavily concentrated. A small number of wallets hold enough to determine the price on their own.
Where it is strong and where it is not
- The token captures real protocol revenue rather than relying on speculation alone
- Audited, with published reports
- Fully open source, so the code can be independently reviewed
- Heavily concentrated ownership means a few wallets control the outcome
- High ongoing issuance dilutes holders who do not actively participate
- Thin liquidity. Check order book depth before assuming you can exit
- Short operating history, so it has not yet been tested by a full market cycle
Incident history
No major exploit, collapse or regulatory action on record against this asset.
Our read
The main risk
Depends on the DePIN sector proving sustainable economics, which it has not yet done at scale.
Before you buy anything
Check the contract address against the project's own documentation rather than a search result or a screener link, since impersonation tokens with identical names and logos are listed constantly. Check the order book depth before assuming you can exit at the quoted price. And write down what would make you wrong before you buy, not after. The Academy thesis module covers why that single habit protects more capital than any indicator.