peaq
peaqWhat is peaq?
PEAQ is the native asset of peaq mainnet, a Substrate-based layer 1 designed around machines and decentralized physical infrastructure networks (DePIN). It has no native token contract.
What problem does peaq solve?
PEAQ supplies the network asset needed to pay gas, secure peaq through staking and slashing, and participate in governance. Distinguishing the native asset from its EVM precompile, wrapped token and bridged representations matters because those forms have different technical and bridge-related risks.
How does peaq work?
On peaq mainnet, PEAQ is a native asset rather than a native smart-contract token. EVM applications can access it through precompile 0x0000000000000000000000000000000000000809; WPEAQ is issued at 0x3cD66d2e1fac1751B0A20BeBF6cA4c9699Bb12d7. Genesis supply was 4.2 billion. Inflation starts at 3.5% and declines toward 1%, and the published schedule caps supply at about 5.67 billion PEAQ. The Foundation initially manages treasury and reserves and retains a veto until on-chain governance takes over.
Key facts
- PEAQ is the native asset of the peaq Substrate-based machine and DePIN layer 1.
- The native asset has no native token contract.
- Its EVM precompile is 0x0000000000000000000000000000000000000809.
- WPEAQ is at 0x3cD66d2e1fac1751B0A20BeBF6cA4c9699Bb12d7.
- Genesis supply was 4.2 billion PEAQ.
- Inflation starts at 3.5% and declines toward 1%; the published schedule caps supply at about 5.67 billion PEAQ.
- PEAQ is used for gas, staking and slashing, and governance.
- The Foundation initially manages treasury and reserves and holds a veto until on-chain governance.
- Bridged representations carry bridge risk.
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Frequently asked questions
Does PEAQ have a native token contract?
No. PEAQ is native to peaq mainnet and has no native token contract; EVM applications can use precompile 0x0000000000000000000000000000000000000809.
What is the WPEAQ address?
WPEAQ is at 0x3cD66d2e1fac1751B0A20BeBF6cA4c9699Bb12d7.
Is PEAQ supply capped?
Yes. The published schedule caps supply at about 5.67 billion PEAQ. Genesis supply was 4.2 billion, and inflation starts at 3.5% before declining toward 1%.
Who controls treasury and governance initially?
The Foundation initially manages treasury and reserves and retains a veto until on-chain governance takes over.
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