Bitget Launches peaq (PEAQ) on Launchpool with 12.1 Million Tokens

In the ever-evolving world of cryptocurrency, new projects are constantly emerging, each aiming to offer unique solutions and opportunities. One such project is peaq, a Layer 1 blockchain specifically designed for Decentralized Physical Infrastructure Networks (DePINs) and Machine Real World Assets (RWAs). With its innovative technology, peaq promises to achieve impressive scalability, boasting transaction speeds of up to 10,000 transactions per second (TPS), and potentially exceeding 100,000 TPS after future upgrades. This remarkable capability, combined with low transaction costs, positions peaq as a significant player in the blockchain space.

Recently, Bitget, a leading cryptocurrency exchange, announced the listing of peaq on its Launchpool, offering a total prize pool of 12,125,000 PEAQ tokens. This exciting event is set to commence at 9 AM (UTC) on November 12th and will run until November 19th. Participants will have the opportunity to earn rewards through farming, with returns on staked assets calculated within T+1 hours and distributed hourly. The flexibility of the platform allows users to withdraw their staked assets at any time, enhancing the overall user experience.

Bitget's Launchpool is designed to provide users with a unique opportunity to stake their tokens and unlock various rewards, including airdrops and substantial earnings. The platform supports staking with BGB or other cryptocurrencies, enabling participants to earn rewards in real-time. This innovative approach not only positions Bitget Launchpool as a competitive option for crypto enthusiasts but also reflects Bitget's commitment to supporting innovative blockchain projects.

Since its establishment in 2018, Bitget has rapidly expanded its market share in both spot and derivatives trading, becoming one of the top four crypto spot trading platforms. With over 800 coins and 900 trading pairs available, including popular tokens from Ethereum, Solana, and others, Bitget is dedicated to providing users with opportunities to invest in valuable projects. The exchange serves over 45 million users across more than 150 countries, offering features such as copy trading and real-time access to cryptocurrency prices.

Moreover, Bitget Wallet, formerly known as BitKeep, is a multi-chain crypto wallet that provides a comprehensive suite of Web3 solutions, including wallet functionality, token swaps, and an NFT marketplace. Bitget is also actively driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the prestigious LALIGA football league and collaborations with Turkish national athletes.

As the cryptocurrency landscape continues to grow, it is essential for investors to remain informed and cautious. Digital asset prices can fluctuate significantly, and it is crucial to only invest what one can afford to lose. Seeking independent financial advice and understanding personal financial situations are vital steps for anyone looking to navigate this dynamic market.

The listing of peaq on Bitget's Launchpool presents an exciting opportunity for participants to engage with a promising blockchain project while earning rewards. As the crypto space evolves, staying updated on new developments and understanding the associated risks will empower investors to make informed decisions and potentially reap the benefits of this digital revolution.