Peaq Protocol Raises $20 Million Through CoinList, Attracting Over 14,500 Community Members

According to Odaily, the DePIN Layer1 protocol, Peaq, has successfully raised $20 million through CoinList. The fundraising event attracted over 14,500 community members who contributed more than $36 million, oversubscribing the token issuance on CoinList. This makes it the largest fundraising event and the highest donation amount on CoinList in over two years. The new funds will primarily be used to ensure that the DePIN based on Peaq becomes a category leader. Additionally, the funds will be used to accelerate the development of the Peaq ecosystem and promote various ecosystem and community programs. The successful fundraising event demonstrates the strong support and confidence the community has in the potential of the Peaq protocol.