CoinIX GmbH & Co. KGaA: Blockchain investor coinIX invests in peaq, a Web3 network for the Internet of Things

Hamburg, July 6, 2022 – The Hamburg-based investment company coinIX GmbH & Co. KGaA, which specializes in investments in digital assets and blockchain technology, invests in peaq. peak is a blockchain-based Web3 network that drives the economy of things (EoT).

In 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 will also be able to enter into transactions with other machines. For example, an autonomous vehicle will be able to pay parking fees or taxes on its own.

peaq provides a platform for developing decentralized applications (dApps) for vehicles, robots and machines to manage and own them online3. dApp creators and dApp users are able to control and monetize computers. The Peaq network does this by using machine DeFi (Decentralized Financial Services) and machine NFTs, which represent machine identities to tokenize and trade payment flows. .

peaq is building 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. So you can easily access the peaq network from a blockchain and invest in machine NFTs.

The investment is made through an agreement for the delivery of a future PEAQ token via a SAFT contract (Simple agreement for a future token). The Peaq token is used to pay transaction fees, execute smart contracts on the blockchain and create machine NFTs.

To Wendler, co-founder of peaq: “The partnership with coinIX supports Peaq’s cutting-edge technology with many years of technology expertise. The Peaq mission is centered around people and building a machine economy where people can own, make money and control machines without third-party intervention. Together with coinIX, we will lay down the critical, 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. Almost everyone now has smart devices at home. Peaq enables the development towards the economy of things. Peaq uses blockchain technology to create security, openness and trust and to shape a whole new economic world . “

Press contact: Susanne Fromm, CEO, [email protected], +494035676758

Investor Relations: Felix Krekel, CFO, [email protected], +494035676758

About coinIX

coinIX GmbH & Co KGaA, based in Hamburg, is a listed investment company and has invested in the wide range of blockchain innovation since 2017. This includes both the next steps of digitization in traditional industries, as well as new fields such as decentralized finance. (DeFi) or NFT / Metaverse projects. Here, coinIX invests in start-up stocks, early token projects and liquid cryptocurrencies. It offers one share, which is traded on the open market of the Düsseldorf Stock Exchange (WKN: A2LQ1G | ISIN: DE000A2LQ1G5 | Ticker: CXC). www.coinix.capital