Krest, Where Are You Going?

In recent days, I have been hearing many comments and even responding to questions on social media about KREST. Most of these comments are evidently related to its price.

In this article, I will barely talk about the price. It is true that it is experiencing enormous variability, but this is how the crypto market is. BTC can drop by 20%… the ALTS crash hard. Krest has had a surge of more than 16,000% and now a drop of 87%… I guess that over the years, reviewing this environment and this technology, I have gotten used to it. But what is Krest going to do? If you expect me to tell you whether it will go down or up, stop reading because I have no idea and I don’t recommend anything to anyone; everyone should analyze and make their own decisions. What I am going to do is explain what I think Krest is and based on this, I will continue with my strategy. I am not a trader, nor do I want to be; as a trader, I am one of the worst, like 99% of those who think they are traders because they had a perfect trade once but then always lose. Let’s focus on the project to understand what it’s about and if it makes sense.

What is KREST?

https://x.com/krestnetwork https://krest.peaq.network/

According to its website, Krest is:

Krest is the sister network of peaq. It is the first and only simulation network in the world for DePIN and the Economy of Things.

Krest is your home for socio-economic, technical, community, and governance innovation. Launch dApps and DePINs (Decentralized Physical Infrastructure Networks) and assess their impact in a live environment on a public blockchain network without risking harm in the real world.

Therefore, KREST is deployed on Kusama, and this is a very important point for me that people generally do not value. Kusama is NOT a test network; it is Polkadot’s canary network. It is not for testing code but for testing ideas and scenarios with a real economy, with real people and machines working. This point should be even more important in the RWA/EoT environment. Remember that Krest/peaq are in the Economy of Things, not IoT, because they allow machines and people to interact quickly and automatically according to pre-established rules, verifying identity, etc.

KREST is not a code test network like a deployment in Paseo; we are talking about a canary network. The peaq/Krest team also comments that soon the tag “Krest tested” will be released for those applications within the peaq ecosystem that have their proposals and solutions previously tested on Krest, offering additional guarantees to peaq network users.

Thus, I have the perception that the importance of Krest within the peaq ecosystem may be greater than it currently is. Note that I am not saying by any means that this will make the price go up or down, I repeat, I am not talking about prices. What this indicates to me is that the volume of $Krest could be higher with the growth of the peaq ecosystem.

Also, if we look at Krest’s features, there is one that I love: we can use a Raspberry Pi simulating a machine with a real economy, meaning it can simulate other machines offering services and receiving payments in $Krest. I love it.

Who are Krest’s investors?

According to its website, the main investors are:

About the $KREST token

There is a limit of 400 million Krest tokens, of which approximately 58 million are in circulation. Its value has had strong oscillations, and there will be events that could influence the price, such as:

• Continuous release of locked tokens in the coming weeks
• Launch of the $peaq token. The token sale on Coinlist was, in my opinion, a real success with oversubscription reaching $36 million, one of the best launches on Coinlist in the last two years
• Launch of peaq/Krest liquidity pools, which can work with peaq airdrop reward multipliers as an incentive. You can check the details here: https://www.peaq.network/blog/peaq-airdrop-for-krest-holders-how-to-double-your-rewards

Another fact that I think could be important is peaq’s entry into one of Mastercard’s programs. I imagine the team could also integrate Krest concepts and take the canary network to another level, although this, as I said, is purely my speculation.

I also see that, as shown in the image, there are 11 million Krest in staking, a significant percentage of the current circulating supply.

I won’t go on any longer; this is a brief review of the Krest world. In the article, I have left several links that will allow you to do your own analysis to decide whether Krest has a future or not.

Enjoy a great day!