Ep. 558 The Economy of Things with PEAQ Token

CRYPTO 101

Bryce Paul & Brendan Viehman

Business, Investing

4.6 • 821 Ratings

🗓️ 8 August 2023

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode of Crypto 101 we talk to Leonard Dorlöchter of PEAQ Token which is the native utility token of the peaq network and ecosystem - it is the lifeblood of the Economy of Things. The PEAQ token confers certain rights to token holders in the peaq ecosystem. These include; the ability to act as a validator, collaborator or nominator, the ability to participate in network governance, the ability to vote on which machines are subsidized, and the ability to participate in the decision-making process in relation to global upgrades and/or changes to the peaq network. Check out their website for more information!

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https://www.peaq.network/token

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Transcript

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0:00.0	All right, everybody, welcome back to another episode of the Crypto 101 podcast.
0:14.8	I'm your host, Bryce, as always, joined by my notorious compadre, Mr. Aaron Pizza Mind. Malone. How you doing, Pete's?
0:24.2	I'm doing great. I'm over in my new Airbnb here in Via Olympia in Sao Paulo, feeling good.
0:32.0	And hey, you know something that I was thinking about? We don't talk very much about how
0:37.4	cryptocurrency is not just
0:38.7	changing the way people transact, but the way machines and things can transact as well.
0:45.0	This is another use case for blockchain that is extremely underrated, but it's going to be a very
0:49.3	critical part of our universe going forwards.
0:53.4	Yeah.
0:53.7	No, we always talk about, you know, machine to machine transactions and the future of the world
0:59.3	being run on smart contracts and what all that means.
1:02.4	And guys, we're going to be diving into that in some detail today with our guest.
1:07.9	He goes by Leonard, aka Leo, last name, Durlister. And I think I actually nailed that.
1:16.9	How are you doing, Leo? Very, very good. Yeah, great to be here. And yeah, happy to dive in.
1:23.3	And you did nail my last name. It's fairly complicated. I was doing warm-up exercises backstage before the show.
1:31.5	To make sure I had that pronunciation correctly.
1:35.0	But you're the co-founder of Peak.
1:36.9	You guys are thinking about the economy of things.
1:41.6	I used to know this as the Internet of Things,
1:44.0	all these small little connected
1:45.2	devices, but what are you guys building over there? Yeah, absolutely. It's a massive term,
1:52.5	right? The economy of things and economy between machines. So it actually goes back to 2017,
	...

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