DePIN Layer1 protocol Peaq completes $20 million fundraising through CoinList

ChainCatcher news, according to official sources, the DePIN Layer1 protocol Peaq has completed a $20 million fundraising through CoinList, with over 14,500 community members contributing more than $36 million in funds, significantly oversubscribing the token issuance of peaq on CoinList, making it the largest fundraising event on CoinList in over two years and the highest donation amount for an issuance.

It is reported that the new funds will primarily be used to ensure that the DePIN based on peaq becomes a category leader, accelerate the development of the peaqosystem, and promote various ecosystem and community initiatives.