logo
Infrastructure

Peaq

Peaq - tokenization platform built on DAG

Rating: 2.8

Official contacts
Location: Germany, Berlin
Web-resources:   Website
Social networks:
Product source tracking: N/A
Details Description Risks Full analysis Team

Detailed review

Stage of product development
No prototype is presented yet, and only the whitepaper draft is available now with general concepts and ideas.


Token description
ICO date
TBA
Token price
N/A
Platform
N/A
Capitalization of token pool
62500000
Blockchain
IOTA
Token distribution date
N/A
Consensus method
Escrow
N/A
ICO currencies
USD , ETH
Bounty camping
N/A
Markets
N/A
Token functions
Peaq tokens help to create other tokens via the special transactions on IOTA determining the total token supply and containing the data on a signature.
Risks
MARKET

- The market has not seen successful tokenization projects yet, raising the risk of remaining the idea only "theoretical"

PRODUCT

- No prototype available

BUSINESS MODEL
FINANCES

- High peaq token pool valuation - 62M USD

TEAM

- The team may be involved in other activity in their companies

- No distinguished and outstanding background in the team

Full analysis
Market

Peaq aims to tokenize other physical and digital assets. This idea has been taking place for years on the blockchain market, but no successful solution has been presented yet there. In addition, some projects have even changed their intentions: LAToken, as an example, turn to an exchange and currently has no relations with tokenizing assets. Peaq sees itself as a new step after modern blockchains like IOTA, as an example. By the way, IOTA Tangle Network as the basis. As technical papers of Peaq are not detailed, it is not clear now, why Peaq may turn the first success story on the market. If it finally turns to a dApps platform (it is a highly possible scenario), we see no significant edge on competitors (other dApp platforms).

Product

Peaq aims to tokenize digital and physical assets. Tokenized assets will adopt the properties of the underlying blockchains. Peaq tokens help to create other tokens via the special transactions on IOTA determining the total token supply and containing the data on a signature. This transaction will contain the data on signature and supply. Peaq transactions are valid if they create a token, are a direct descendant of another P-transaction or if all destination addresses are used only once. Also, Peaq's consensus uses less energy and costs less to conduct transactions. No prototype is presented yet, and only the whitepaper draft is available now with general concepts and ideas.

Business model

Peaq tokens help to create other tokens via the special transactions on IOTA determining the total token supply and containing the data on a signature. This transaction will contain the data on signature and supply. Peaq transactions are valid if they create a token, are a direct descendant of another P-transaction or if all destination addresses are used only once. Nodes are witnessing each other’s transactions. Upon receiving witnessing requests from nodes that did not recently confirm their transactions, they will decrease the bonus (and increase it every time that they detect a witness P-transaction). If the bonus falls below a given threshold, they will no longer witness any transaction carrying the antisocial have signature.

Finances

The project indicates that the minimum investment is 2.5M USD, it may be a signal of finding strong institutional investors at the very early stage. Peaq token pool is valued by the team at 62M USD. Other information is not available.

Team

Peaq is a joint project of nakamo.to and Advanced Blockchain. The first is Distributed Ledger Technology firm based in Berlin focusing on research and development, with a special focus on novel DLT systems (some client are major, like DMG Mori). The second one deals with Distributed Ledger Technology solutions as well. One of the concerns is that the teams are also working on other their stream in nakamo.to and Advanced Blockchain. In spite of team members having proven blockchain experience, we do not see other strong drivers to develop a game-changer dApp platform and tokenization platform. The team is good in both business and technical stream but we do not see anything distinguished in comparison to other teams on the blockchain market.

Social networks
© ICO Scoring - ICO Analytical platform backed by investors and financial experts. All rights reserved 2018