Machine DeFi 102 | All About peaq app — your Machine Economy Gateway
Live in its beta, peaq app is your one-stop hub for anything PEAQ: sign in with your socials handles or wallet, send, receive, and stake tokens, and access tokenizaed machines on peaq.
The world is moving fast into an era where machines earn, trade, and create value onchain. On peaq, you can own a cut in this future — and it begins with peaq app.
peaq app is your gateway into the peaq ecosystem and the entry point to the Machine Economy. Here’s everything you need to know to take your first dive.
What is the Machine Economy?
In the simplest terms, the Machine Economy is when real robots create real value for real people while earning for the community. A clear-cut example — the tokenized robo-farm in Hong Kong that recently launched on peaq. Robots work, locals get fresh greens, and token holders earn yields.
But the thing is — as exciting as such things are, there is so much more. There is Machine DeFi, the onchain financial rails of this network-economy, where you can transact and earn. There are real-world apps, or DePINs, that enable you to set up smart infrastructure and earn from it. The Machine Economy is brimming with opportunity.
The problem is, though, that all this can be a bit overwhelming, even for a Web3-savvy user. And that’s why we launched peaq app — it’s built to work as your one-stop hub for anything peaq, packing all the opportunity and complexity of the Machine Economy into an easy and accessible interface. Live in its beta now, it’s already the perfect starting point for your Machine Economy journey.
The Machine Economy Gateway
peaq app is here to make your Machine Economy journey as smooth as possible. I have to say that it’s the most user-friendly crypto app I’ve seen (and I’ve been a crypto power user for eight years!).
With the app, creating a wallet on peaq is as simple as signing up with your social, and it takes about 5 seconds (I counted). You can also connect an existing wallet. Here are all of your options:
- Sign up with your Google account
- Sign up with email
- Sign up with your X account
- And finally, if you already have an EVM-compatible wallet — such as MetaMask, Rabby, Trust Wallet.
If you sign up with any of your social handles or email, the app will simply create a wallet for you itself — making the start of your Machine Economy journey as easy as a single click.
Worried about security? Don’t, your wallet is pretty solid:
- It is built with Privy, a Stripe product that’s SOC 2 Type II compliant (translation: enterprise-grade security).
- It uses advanced encryption such as:
- Shamir's Secret Sharing (splitting and distributing wallet keys securely)
- Trusted Execution Environments (TEEs) for on-device safety
- It’s proven at scale: people have already created millions of wallets with Privy.
Oh, and one more thing: if you have multiple peaq wallets, you can also connect them simultaneously to peaq app and keep an eye on them in one place. If you’d like to dive deeper into peaq-compatible wallets, check this article.
What Can You do on peaq app Now?
On peaq app, you can already do a variety of peaq-related things, such as sending and receiving tokens, staking your PEAQ, bridging assets, and getting early access to tokenized machines. Let’s go over these in more detail.
Send and Receive Tokens
This one is pretty self-explanatory: You can send and receive tokens with your new wallet. Transactions take just a few seconds to finalize, and transaction fees are under 1 cent. A total no-brainer when compared to many other chains, where transactions take minutes to show up and high-transaction fees make you cry at night.
Bridging
What if you want to send assets, such as USDT, from other chains, like Ethereum, to peaq? Well, that’s as simple as sending an email. peaq app allows you to easily send tokens from most major chains to peaq, as well as bridging from peaq to other chains, all thanks to the integrations with Squid and Stargate.
Swapping
You can also swap tokens without leaving peaq app. Say you have some USDT and would like to buy PEAQ or other ecosystem tokens. The swap function lets you do that faster than it takes to make a cup of coffee. There’s a wide variety of tokens, including PEAQ, USDC, USDT, wrapped PEAQ, and ecosystem tokens by such projects as Silencio and Auki, and many more.
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Staking
PEAQ holders can be rewarded with tokens by helping to secure the network. peaq has a Nakamoto coefficient of 130+, which means it’s highly decentralized and secure. Staking is a major part of that.
By staking, you delegate tokens to peaq validators, who secure the network, validate transactions, and contribute to peaq’s decentralization. These include some well-known giants such as Deutsche Telekom, Lufthansa, Bertelsmann Investments, and many more. The rewards paid by the network vary, typically ranging from 2% to 6%.
Early Access to Tokenized Machines
peaq enables everyone to participate in the Machine Economy by co-owning and earning from tokenized machines. In other words, on peaq, you can own a token that represents a fraction of a real machine creating real-world value. This is a game-changer in the crypto world: most tokens are not backed by anything but speculation, but behind a machine token is, well, an actual machine serving real people (or other machines) and earning yields for the community.
With peaq app, you can get early access to tokenized machine offerings — usually, a 24-hour early heads-up that helps you stay ahead of the game.
Join The Machine Economy
peaq app is the number one interface for the Machine Economy, giving you straightforward access to everything peaq, from wallets and bridging to machine offerings.
As billions of machines come online and start creating value on-chain, peaq app ensures you have direct access to it, bringing the future right at your fingertips.
Visit peaq app now and start your journey.
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