Krest: In this article, we cover a detailed review of Krest Coin. How does Krest Crypto work & Are important features?
About Krest
Krest is the Web3 network powering the Economy of Things (EoT). Krest enables entrepreneurs and developers to build decentralized applications for vehicles, robots, devices, and other machines, while empowering users to govern and earn as these connected machines provide goods and services to people and to other machines.
Together with leading consortia, including Gaia-X and MOBI, peaq is co-creating the standards that will power the future of mobility and other connected industries while working to democratize abundance in the Age of Automation.
Krest Point Table
| Coin Basic | Information |
|---|---|
| Coin Name | Krest |
| Short Name | KREST |
| Price | $0.01084248 |
| Max Supply | N/A |
| Official Project Website | Click Here To Visit Project Website |
Krest Coin Price Live Data
The Krest network
The Krest network is a smart contract platform built with Substrate supporting ink! and Ethereum Virtual Machine (EVM) smart contracts. The peaq network enables machines to provide and render services and become fully self-sufficient by leveraging peer-to-peer (p2p) technologies such as Machine NFTs (Non-Fungible Tokens), Decentralized Finance (DeFi)
Self-Sovereign Machine Identity (SSMI) and novel economic mechanisms to align the incentives of all Economy of Things stakeholders, namely; machines, machine owners, manufacturers, individuals/users, organizations and investors, while incentivising the deployment of more machines to the network.
The $PEAQ token
The peaq token ($PEAQ) is a native token that has four primary uses: to power Machine DeFi on the peaq network, to generate Machine NFTs, to power the Economy of Things Operations such as transaction fees or governance, and to subsidize the deployment of new machines. More on the PEAQ token can be found below in the Token Utility section.
Krest Mission
The mission in one sentence: To build a decentralized, open, and democratic network economy, owned by the people and machines that use it. The mission is to transform the Web2-based Internet of Things into the Web3-based Economy of Things. We’re building the Economy of Things from the ground up to enable people to extract maximum value and opportunity from machines with minimal risk and waste. In doing so, we aim to unlock and democratize the full potential of machines, vehicles, robots and devices.
Economics
peaq’s economics is a result of an in-depth analysis of established and proven Layer 1 blockchain economics following best practices as well as innovating on them.
Security & decentralization
Standalone Layer 1 blockchain need to spend a significant amount of network revenue and inflation on securing and decentralizing the network. The security and decentralization of the peaq Layer 1 is inherited by the Polkadot Layer 0. Through winning a parachain slot, the security and decentralization are taken care of until June 2025. Once Polkadot 2.0 is implemented, a small portion of network revenue and inflation will be allocated to buy core time on the Polkadot Layer 0 which allows peaq to scale speed and throughput as required.
Where can you buy Krest?
KREST tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Krest is MEXC, where the most active trading pair KREST/USDT has a trading volume of $30,931.72 in the last 24 hours.
What is the daily trading volume of Krest (KREST)?
The trading volume of Krest (KREST) is $30,931.72 in the last 24 hours, representing a -80.10% decrease from one day ago and signalling a recent fall in market activity.
What is the all-time high for Krest (KREST)?
The highest price paid for Krest (KREST) is $0.01737520, which was recorded on Aug 05, 2023 (1 day). Comparatively, the current price is -38.21% lower than the all-time high price.
What is the all-time low for Krest (KREST)?
The lowest price paid for Krest (KREST) is $0.01010926, which was recorded on Aug 05, 2023 (6 hours). Comparatively, the current price is 6.21% higher than the all-time low price.
How does the price performance of Krest compare against its peers?
With a price increase of 0.00% in the last 7 days, Krest (KREST) is outperforming the global cryptocurrency market which is down -0.90%.
Conclusion
Krest stands as an exceptional force within Web3 networks, propelling the Economy of Things (EoT) forward at unprecedented rates. Its cutting-edge technology empowers both entrepreneurs and developers, equipping them with tools for developing decentralized apps that meet the needs of vehicles, robots, devices and other intelligent machines that connect. Through seamless exchanges of goods and services between intelligent devices connected by Krest with individuals or machines it paves a path for more efficient, automated, interconnected futures.
Krest’s greatest strength lies in its emphasis on user empowerment and governance. Through its decentralized architecture, it gives users more control over how they interact with connected machines – giving them more say over shaping the development and direction of EoT ecosystem. This democratic decision-making model fosters an inclusive and collaborative atmosphere where participants not just consumers but active contributors to its growth and success.
