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.
How to Buy KREST on an Exchange
Step 1: Choose a Reputable Exchange Platform
Select a trusted platform from among many available options for purchasing KREST. Some reputable platforms include HTX、Bybit、Bitget, and others.
Step 2: Register an Account
Here, we'll register an account on the Bybit(registration link) trading platform. You may need to provide personal information such as phone number and email to complete the registration process.
Step 3: Complete Identity Verification
For security purposes, some platforms may require you to complete identity verification. Follow the platform's instructions to provide necessary identity information (such as country/ID number) and undergo facial recognition. Once your identity is confirmed, you'll receive notification.
Step 4: Link Bank or Payment Method
Link your bank account or other payment methods to the exchange platform for making payments when purchasing KREST.
Step 5: Purchase KREST
Find the option to buy coins on the exchange platform, choose the C2C coin purchase process, and then input the quantity of KREST you wish to purchase. Typically, you'll choose to buy USDT first and select your preferred payment method. Simply place the order, make the payment to the seller, and you'll receive the cryptocurrency. Once payment is complete, you can use your exchange assets to buy KREST.
Step 6: Store Your KREST
After purchasing, you can choose to store your KREST in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.
Step 7: Security Reminder
To protect your exchange account and KREST assets, be sure to use a strong password and enable two-factor authentication.
KREST Price:The Krest Network serves as a pioneering platform within the peaq ecosystem, aiming to foster innovation and experimentation across social, economic, technological, community, and governance dimensions. It serves as a vibrant hub where the peaq community can deploy decentralized applications (dApps) and tools, enabling them to assess the impact of these applications and tools in real-world environments without assuming corresponding risks.The price fluctuates daily, you can go to the exchange: Bybitto check the price.
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