2M+ machines are now active on peaq

→ Each one bonds $PEAQ to operate, 15M in total
→ That's 0.59% of the circulating supply taken out of circulation

🔗 https://machines.peaq.xyz

What happens to today's bonds:

→ If every machine renews, ~11M more $PEAQ gets bonded
→ If none do, half the bond (~7.5M $PEAQ) is set to be burned and the other half goes to the Treasury.

The more machines come online, the more $PEAQ is taken out of circulation. See how bonding behaves at scale. The Machine Explorer maps it out.

How it works:

→ These are mostly machines that have been running on Economics 1.0, now migrating over
→ An operator activates a machine and pays a dollar price
→ The network buys $PEAQ from the market and bonds it to the machine
→ That bond is the machine's Economic Weight, and it's never tradeable
→ Machines that earn get Growth Credits, which can only be used to activate more machines
→ When a machine exits, half its remaining bond is burned and the other half goes to the Treasury