Wrapped Peaq
WPEAQ
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
WPEAQ (Wrapped Peaq) is a 1:1 bridged representation of PEAQ, the native asset of the peaq DePIN Layer-1 blockchain. The underlying peaq project exhibits strong fundamental qualities, including an experienced, public founding team, audited core infrastructure by Hashlock, a CertiK bug bounty program, and ongoing protocol-level development. Furthermore, no security exploits, depegs, or regulatory enforcement actions have occurred. However, WPEAQ functions solely as a derivative wrapper without standalone utility, governance, or a dedicated community base. Specific wrapper and bridge contracts lack independent audits, introducing custodial/cross-chain risks. In addition, market data reflects fragmented liquidity and wide discrepancies in reported market capitalization across tracking platforms. Tokenomics inherit PEAQ's disinflationary supply schedule, though insider vesting allocations present medium-term unlock overhang.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Wrapped Peaq (WPEAQ)
Wrapped Peaq (WPEAQ) is a 1:1 wrapped and bridged representation of PEAQ, the native asset of the peaq Layer-1 blockchain designed for Decentralized Physical Infrastructure Networks (DePIN) and machine economy applications. The wrapper functions to make PEAQ accessible across different environments, with wrapped contracts deployed on the peaq network, Ethereum, and BNB Smart Chain. WPEAQ operates strictly as a derivative asset, possessing no independent utility or functionality beyond representing the underlying PEAQ token.
WPEAQ inherits the economic model of the native PEAQ token, which operates on a capped, disinflationary schedule starting at 3.5% annual inflation and declining by 10% each year until reaching a baseline of 1%. The underlying network features a genesis supply of 4.2 billion PEAQ and a maximum supply of approximately 5.67 billion tokens. Inflation rewards are allocated with 40% going to validators and delegators and 60% assigned to treasury allocations. Genesis allocations include private sale and insider distributions accounting for roughly 34% to 42% of the supply, which are subject to multi-year vesting schedules.
The project carries several operational and technical risks specific to its wrapped architecture. While the underlying peaq network has undergone security reviews by Hashlock and maintains a bug bounty program with CertiK, the specific WPEAQ ERC-20 wrapper and bridge contracts lack independent, dedicated smart contract audits, introducing custodial and bridge risks. Furthermore, market data for WPEAQ displays significant discrepancies across aggregators, with widely varying market capitalization figures and fragmented liquidity. The token does not have its own standalone community, social infrastructure, or on-chain governance mechanisms.