DGAP-News: Advanced Blockchain AG / Key word(s): Cryptocurrency / Blockchain/Miscellaneous Advanced Blockchain AG’s portfolio company is launching it’s peaq token 2021-11-09 / 13:39 The issuer is solely responsible for the content of this announcement.
———————————————————————————————————————–
Advanced Blockchain AG’s (Frankfurt, Primary Market Düsseldorf, XETRA: ISIN DE000A0M93V6) spun-out portfolio company peaq Technology GmbH announced plans to launch their native PEAQ token (https://www.peaq.network/) in early 2022. A private token sale, supported by Advanced Blockchain, is currently ongoing.
The peaq-project was founded in 2017 and got subsequently spun out of Advanced Blockchain in 2020. The focus of peaq is the optimization of various processes in different industries with custom implementations of Distributed Ledger Technology (DLT). peaq’s products have already found many use cases, for example in eMobility and other aspects of the automotive industry.
The peaq network will now be launched as its own platform and is going to be anchored to the Polkadot network ( https://polkadot.network/). Advanced Blockchain is excited to announce that the peaq testnet was successfully deployed and first token transactions are up and running. The peaq network aims to become a key piece of the infrastructure of the Economy of Things (Machine Economy). peaq’s vision is to transform the Web2-based Internet of Things into the Web3-based Economy of Things.
Advanced Blockchain together with peaq look forward to the long-awaited peaq platform and token launch, and the many functionalities and opportunities it will unlock for the portfolio company. The token generation event (TGE) is scheduled for early 2022.
Further information about Advanced Blockchain AG and peaq can be found at their respective websites, https:// www.advancedblockchain.com/ and https://www.peaq.io/.
———————————————————————————————————————–
2021-11-09 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
———————————————————————————————————————–
Language: English
Company: Advanced Blockchain AG
Scharnhorststraße 24
10115 Berlin
Germany
Phone: +4930403669510
Fax: 030403669511
E-mail: info@advancedblockchain.com
Internet: www.advancedblockchain.com
ISIN: DE000A0M93V6
WKN: A0M93V
Listed: Regulated Unofficial Market in Berlin, Dusseldorf (Primärmarkt), Frankfurt, Munich, Stuttgart, Tradegate
Exchange
EQS News ID: 1247476
End of News DGAP News Service
=------------
1247476 2021-11-09
Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1247476&application_name=news
(END) Dow Jones Newswires
November 09, 2021 07:39 ET (12:39 GMT)
This news is republished from another source. You can check the original article here
Be the first to comment