Peaq Achieves Winning Status in Polkadot’s Parachain Auction and Prepares for Mainnet Launch

Peaq has received final preparations for its mainnet launch on the Polkadot network. In an impressive achievement, peaq emerged as the winner of Polkadot’s parachain auction #45, with substantial support from the community, resulting in a significant contribution of 207,141 $DOT ($1+ million) across 749 contributors.

This successful outcome bestows peaq with a 96-week lease of a parachain slot, commencing on July 31. This milestone is of paramount importance as it signifies peaq’s progression as a layer-1 parachain and signifies a significant step towards its imminent mainnet launch on Polkadot.