Everipedia

The IQ token is a DeFi and governance cryptocurrency that powers AI-based applications. It is primarily used within the IQ.wiki platform, which is touted as the world’s largest blockchain and crypto encyclopedia. IQ token holders can participate in governance decisions through BrainDAO and benefit from the token’s integration into various AI-powered tools such as IQ Code, a coding assistant for smart contracts.

• The maximum supply of IQ tokens is capped at 21 billion.

• IQ tokens are used for staking within the HiIQ system, which allows token holders to vote on governance decisions.

• The token is multichain and available on Ethereum, Binance Smart Chain, Polygon, and EOS.

• A halvening model was introduced, similar to Bitcoin, where the daily minting of IQ tokens for HiIQ stakers started at 1.5 million IQ per day from 1st November 2023.

• The BrainDAO treasury holds IQ tokens, stablecoins, blue chip NFTs, and other digital assets.

As of today #{today’s date}, the price of Everipedia is ₹0.63 INR or 0.00725 USD, with a 24-hour trading volume of 11106832.95 USD. The market capitalization for Everipedia is 140818134.24USD. The circulating supply is 19446426345.93 Everipedia, with the total supply also being 19446426345.93 Everipedia.

Pros:

• Governance Participation:

• IQ token holders can participate in governance decisions through BrainDAO, influencing the platform’s direction.

• AI Integration:

• The token is used in AI-powered applications like IQ Code, enhancing its utility and value.

• Multichain Availability:

• Being available on multiple blockchains increases accessibility and potential use cases for the token.

• Capped Supply:

• The hard cap on the maximum supply of IQ tokens minimizes the risk of dilution and inflation.

• Staking Rewards:

• Stakers can earn rewards and potentially NFT raffles by staking their IQ tokens.

Cons:

• Market Volatility:

• As with all cryptocurrencies, the IQ token is subject to market volatility, leading to unpredictable price fluctuations.

• Regulatory Risks:

• Changes in cryptocurrency regulations could impact the token’s utility and value.

• Complexity for New Users:

• The governance and AI integration aspects may be complex for new users to understand and participate in.

• Dependence on Platform Success:

• The value of the IQ token is closely tied to the success and adoption of the IQ.wiki platform and its associated applications.

• Competition:

• The IQ token faces competition from other DeFi and governance tokens in the cryptocurrency market.

• Innovative Use Case:

• IQ token’s integration with AI applications and its role in the IQ.wiki platform presents a unique use case in crypto.

• Governance Power:

• Investing in IQ tokens grants you a say in the platform's governance, potentially influencing its future development.

• Potential for Growth:

• The capped supply and halvening model could lead to a scarcity-driven increase in the token’s value over time.

• AI-Powered Ecosystem:

• The token’s use in AI-powered tools like IQ Code suggests a forward-looking approach that could keep the platform relevant as technology evolves.

• Diverse Utility:

• The token’s multichain presence and various applications within the IQ ecosystem offer multiple streams of utility and value.

• AI Integration:

• The IQ token is at the forefront of integrating AI with blockchain technology, offering unique applications like AI-powered coding assistance and article summarization.

• Knowledge Ecosystem:

• The token powers the IQ.wiki platform, aiming to be the largest blockchain and crypto encyclopedia, a distinctive offering in the crypto space.

• Governance Model:

• The BrainDAO governance model allows for a decentralized and community-driven approach to decision-making within the platform.

The IQ token aims to solve the problem of decentralized knowledge sharing and governance in the blockchain and crypto space. It facilitates creating and disseminating information through the IQ.wiki platform and allows for community-driven governance and decision-making through BrainDAO.

Everipedia, which is associated with the IQ token, was founded by Sam Kazemian and Theodor Forselius, along with Travis Moore and Mahbod Moghadam. Since the IQ token is closely linked to Everipedia and its transition to a blockchain-based platform, it could be inferred that the founders of Everipedia are also key figures behind the IQ token.

The IQ token, associated with Everipedia, was not launched through an Initial Coin Offering (ICO). Instead, it was airdropped to holders of EOS tokens. The airdrop was a method chosen by the Everipedia team to distribute the IQ tokens widely and fairly to the existing EOS community without raising funds through the traditional ICO route.

• Market Volatility:

• The cryptocurrency market is highly volatile, and the value of the IQ token can fluctuate greatly.

• Platform Dependency:

• The token’s value is closely tied to the success of the IQ.wiki platform, which may not achieve the expected growth or adoption.

• Regulatory Uncertainty:

• Changes in regulations could adversely affect the token’s utility and value.

• Competition:

• The IQ token competes with other DeFi and governance tokens, which could impact its market position.

• Technical Risks:

• As with any blockchain-based platform, there are risks of technical failures or security vulnerabilities that could affect the token’s value.

The whitepaper on IQ has yet to be published.