KREST

krest Network price 
KREST

$0.5366  

8.18% (1d)

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Krest Network statistics
Market cap
 

0.00%

$27,610,232
#3071
Volume (24h)
 

2.69%

$266,547
#1884
Volume/Market cap (24h)
 
0.97%
Self-reported circulating supply
 
51,457,000 KREST
12.86%
Total supply
 
400,000,000 KREST
Max. supply
 
400,000,000 KREST
Fully diluted market cap
 
$214,627,605
KREST to USD Converter
KREST
USD
Price performance
24h 
Low
$0.4854
High
$0.5418
All-time high
Jan 08, 2024 (2 months ago)
$0.5534
-3.05%
All-time low
Aug 16, 2023 (6 months ago)
$0.0089
+5929.01%
See historical data
Popularity
In watchlists6,286x
2757th / 8.9K
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krest Network news

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

About krest Network

krest is peaq’s canary network.

krest is the home for socio-economic, technical, community, and governance innovation and experimentation in the peaq ecosystem. This is the place where the peaq community can launch dApps and tools to assess their impact in a production environment without running the risk of causing real-world harm.

Simulation, the use of computers to digitally model a specific process or event without having to conduct it in the real world, has become a crucial part of many of today’s industries. In manufacturing, it enables companies to experiment with production line setups and other variables without having to invest money and time in costly real-world modifications; startups similarly rely on simulations to tailor their products to the market faster. While simulations usually run on a purely digital basis, krest brings this up a notch, giving projects building on peaq an environment for live tests leveraging real Internet of Things (IoT) hardware and connections.

By connecting their devices, such as Raspberry Pi mini-computers, to krest, the peaq community will create a pool of live devices capable of simulating the operations of various machines, such as drones, electric vehicles, and more. Users will receive rewards in the network’s native token for performing certain actions on the network.

Entrepreneurs and developers building machine-focused projects on krest will be able to leverage this pool to test their dApps with real-world IoT connectivity. This way, they can assess their dApps’ performance and wider societal impact, and uncover bugs and risks in cooperation with the wider community before releasing them for use with real-world machines on the peaq network. They can also develop and foster the adoption of their own simulation packages, tailored to their specific needs, besides using the existing ones.

The network will be powered by krest, its native digital token, which will be openly accessible on public exchanges. The token will fuel the network by being used for transaction fees, economic incentive mechanisms and working as a reward tool for community initiatives such as users connecting their devices and opening them for developers to leverage for simulating machines.