What is the utility of the PEAQ token?
peaq has 6 primary token utilities:
- Governance: Control over protocol upgrades, treasury, network parameters
- Gas Fee: Exclusive gas token, $0.00025 per transaction
- Medium of Exchange: Used for machine-to-machine payments, DePIN services
- Staking (DPoS): 1.75B staked (41.2%), 5-15% APY
- Medium of Payment: Required for all network services
- Access / Feature Unlock: peaqID creation, machine subsidization voting