Blockchain investor coinIX participates in Peaq’s financing round, a Web3 network for the Internet of Things
DGAP-News: coinIX GmbH & Co. KGaA / Keyword (s): Cryptocurrency / Blockchain / Participation / Company participation
coinIX GmbH & Co. KGaA: Blockchain investor coinIX participates in Peaq’s financing round, a Web3 network for the Internet of Things
06.07.2022 / 10:03
The issuer / publisher is responsible for the content of the announcement.
Hamburg, July 6, 2022 The investment company coinIX GmbH & Co., which specializes in investments in digital assets and blockchain technology. KGaA invests in Peaq. peak it is a blockchain-based Web3 network, which drives the Economy of Things (EoT).
On the Internet of Things, machines, vehicles and devices exchange information. They communicate with each other to make our lives easier. In the economy of things, machines should also be able to complete business with other machines. For example, an autonomous vehicle will be able to pay parking fees or charging fees independently.
peaq provides a platform to develop decentralized applications (dApps) for vehicles, robots and machines to manage and own them in Web3. dApp creators and dApp users have been able to control machines and earn them. The peaq network uses machine defi (decentralized financial services) and machine NFTs, which depict machine identities, to tokenize and trade claims on payment flows.
peaq builds its own Layer 1 blockchain, which is compatible with the Polkadot ecosystem. This gives peaq access to other blockchains and the liquidity of all connected protocols. One can also easily access a blockchain on the peaq network and invest in machine NFTs. The investment is made through a contract for the delivery of a future PEAQ token (SAFT – Simple Agreement for Future Token). This token is used to execute transaction costs, execute contracts on the blockchain (Smart Contracts) and create machine NFTs.
To Wendler, co-founder of peaq: “The partnership with coinIX supports peaq’s innovative technology with years of experience in the technology industry. At the heart of the peaq mission is man and the building of a machine economy, in which humans can own, use and control machines without third parties having to intervene. Together with coinIX we will create the crucial, basic infrastructure for the economy of things.
Susanne Fromm, CEO of coinIX: “The Internet of Things has grown at a rapid pace in recent years. Fast everyone hue meanwhile smart Devices at home. peaq enables further development towards the economy of things. peaq uses blockchain technology to create security, transparency and trust, and to create a whole new world of business.
Press contact: Susanne Fromm, CEO, [email protected], +494035676758
Investor Relations: Felix Krekel, CFO, [email protected], +494035676758
About the coinIX GmbH & Co KGaA
Die coinIX GmbH & Co KGaA mit Sitz am Hamburg is a stock exchange-listed Beteiligungsgesellschaft and has been investing since 2017 in the new Spectrum of Blockchain Innovation. This is part of the next digitalisation in the traditional Industry, which are also new fields with Decentralized Finance (DeFi) or NFT / Metaverse Projects with one. Here, coinIX invested in equity of Startups, early Token projects and liquid cryptocurrencies. It offers a share that is traded in the free trade of the Düsseldorf Stock Exchange (WKN: A2LQ1G | ISIN: DE000A2LQ1G5 | Ticker: CXC).
www.coinix.capital
06.07.2022 Publication of a Corporate News / Financial News, transmitted by DGAP – a service of EQS Group AG.
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