- The market has not seen successful tokenization projects yet, raising the risk of remaining the idea only "theoretical"
- No prototype available
- High peaq token pool valuation - 62M USD
- The team may be involved in other activity in their companies
- No distinguished and outstanding background in the team
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).
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.
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.
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.
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.