Wrapped PeaqPrice

(WPEAQ)

PEAQ is the native utility token of the peaq blockchain, a Layer-1 network designed for DePIN and the Machine Economy. It is used for transaction fees, network staking, and governance. wpeaq (Wrapped Peaq) is a 1:1 cross-chain representation of the native token on other blockchains like BNB Smart Chain and Ethereum. This allows users to trade and utilize the asset within different blockchain ecosystems before accessing the native peaq network.

To ensure security, users should only interact with the official contract addresses. For BNB Smart Chain (BSC), the address is 0x8b9ee39195ea99d6ddd68030f44131116bc218f6. For Ethereum, the address is 0x1eef208926667594e5136e89d0e9dd6907959197. On the native peaq Network (EVM-compatible), the address is 0x3cd66d2e1fac1751b0a20bebf6ca4c9699bb12d7. Always verify these addresses through official documentation before performing any transactions.

wpeaq is available for trading on major decentralized and centralized platforms, including exchanges like LBank. To move tokens between the native peaq network and chains like BSC or Ethereum, users can use the official peaq portal or app. The network integrates with protocols like Wormhole to facilitate secure cross-chain bridging, ensuring a 1:1 representation between the native and wrapped versions.

Direct network staking to support validators or delegators can only be performed using native PEAQ tokens via the official peaq portal. While wpeaq cannot be used for native staking, it can be used to provide liquidity in various pools on supported exchanges to earn trading fees or yield farming rewards. To participate in securing the network and earning governance rewards, users must bridge their wpeaq back to the native peaq blockchain.

The token serves several critical functions: it pays for all transaction fees on the network, secures the blockchain through staking, and allows holders to vote on network upgrades and Machine Economy parameters. Additionally, it facilitates Machine DeFi, enabling the funding of real-world assets such as robot cafes or solar panels, bridging the gap between digital decentralized finance and physical infrastructure.

The peaq network maintains high security standards and has been audited by prominent security firms such as CertiK and Hashlock, achieving top rankings for its fundamental security. These audits encompass the core network code, staking contracts, and the user dashboard. The wrapping process utilizes established cross-chain protocols like Wormhole. Users should always ensure they are using official links and verified contract addresses to protect against phishing and other security risks.