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

Hamburg, July 6th 2022 - The Hamburg based investment company coinIX GmbH & Co. KGaA, which specializes in investments in digital assets and blockchain technology, invests in peaq. peaq 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 conclude transactions with other machines. For example, an autonomous vehicle will be able to pay parking fees or charging fees on its own.

peaq provides a platform to develop decentralized applications (dApps) for vehicles, robots and machines to manage and own them on the web3. dApp creators and dApp users are enabled to control and earn money from machines. The peaq network does this by using machine DeFi (Decentralized Financial Services) and machine NFTs, which represent machine identities to tokenize and trade payment streams. .

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, one 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 future PEAQ token via a SAFT-Contract (Simple Agreement for future token). The peaq-token is used to pay transaction fees, execute smart contracts on the blockchain and create machine NFTs.

Till Wendler, Co-Founder of peaq: “The partnership with coinIX backs peaq's cutting-edge technology with years of wisdom in the technology space. The peaq mission is centered around people and building a machine economy in which people can own, profit and govern machines without third party intervention. Together with coinIX, we'll lay down the critical, foundational infrastructure of 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 evolution towards the Economy of Things. peaq uses blockchain technology to create security, transparency and trust and to shape a whole new economic world."

Press contact: Susanne Fromm, CEO, sf@coinix.capital, +494035676758

Investor Relations: Felix Krekel, CFO, fk@coinix.capital, +494035676758

About coinIX

coinIX GmbH & Co KGaA, based in Hamburg, is a listed investment company and has been investing in the broad spectrum of blockchain innovation since 2017. This includes both the next stage of digitalization in traditional industries, as well as new fields such as Decentralized Finance (DeFi) or NFT/Metaverse projects. Here, coinIX invests in startup equity, early-stage 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