Cryptocurrencies and blockchain technology have become increasingly popular in recent years. One of the newest cryptocurrencies on the market is Everipedia IQ Coin, also known as IQ. Everipedia IQ Coin is a decentralized blockchain-based platform that enables users to create and share content using smart contracts. In this blog post, we'll dive into what Everipedia IQ Coin is, how it works, and what sets it apart from other cryptocurrencies.

What is Everipedia IQ Coin and how does it work?

Everipedia is a blockchain-based encyclopedia that seeks to be the "world's largest and most comprehensive source of information." Users can create and edit pages on the platform, just like Wikipedia, with the added bonus of using smart contracts to ensure that all changes are transparent and immutable. IQ wiki is the platform's native cryptocurrency that is used to incentivize contributors to create and edit pages.

One unique feature of Everipedia is its airdrop program. When the platform launched in 2018, it conducted an airdrop that involved distributing IQ tokens to anyone who had previously edited pages on its rival platform, Wikipedia. This airdrop was an effort to incentivize Wikipedia editors to move to Everipedia and start editing there instead. IQ wiki also allows users to vote on changes to the platform, with higher IQ holdings giving users more voting power.

Another important aspect of IQ wiki is its use of a decentralized oracle system. Oracles are used to bring external data onto the blockchain. The Everipedia oracle system allows users to create pages with dynamic content, such as stock prices or weather, and then have that content automatically updated based on data from trusted sources. This means that Everipedia pages can be more interactive and up-to-date than traditional encyclopedias or wikis.

Beyond its use on the Everipedia platform, IQ coins can also be traded on various cryptocurrency exchanges. Users can buy and sell IQ coins as they would any other cryptocurrency, and there is even a market for IQ derivatives such as futures and options. This means that IQ coins have a monetary value beyond their use on the Everipedia platform, and the value of IQ coins can fluctuate based on market demand.

Finally, it's worth noting that Everipedia IQ Coin is just one of many cryptocurrencies on the market. Each cryptocurrency has its own unique features and uses, and it's important to do your own research before investing in any particular cryptocurrency. However, Everipedia IQ Coin's use on a decentralized encyclopedia platform, its innovative use of oracles, and its airdrop program make it a cryptocurrency to keep an eye on in the future.

IQ Coin is a cryptocurrency with a unique use case - incentivizing contributors to a decentralized encyclopedia platform. Its airdrop program and use of oracles set it apart from other cryptocurrencies on the market. But like any cryptocurrency, IQ coins should be approached with caution and after doing ample research. As blockchain technology continues to evolve, it will be interesting to see how Everipedia IQ Coin and other cryptocurrencies adapt and innovate.

What is the IQ token?

The IQ token is a cryptocurrency that aims to shape a smarter future by leveraging artificial intelligence and blockchain technology. With a focus on knowledge, it fuels a thriving ecosystem encompassing IQ GPT, an AI-powered search engine, and IQ.wiki, the world's largest cryptocurrency and blockchain encyclopedia. Our IQ token price prediction is available for you to help with your decision. As a DeFi and governance token, IQ stakers play a pivotal role in governing the platform. BrainDAO manages the IQ token alongside a treasury of stablecoins, blue chip NFTs, and other digital assets. Explore the potential of the IQ token and join the movement towards a more intelligent tomorrow!

What is IQ wiki?

The IQ token plays a vital role in the IQ.wiki ecosystem. Token holders who choose to stake their IQ tokens via the HiIQ staking system actively participate in governance decisions related to both the platform and the IQ token.

Following the beta period, IQ.wiki has plans to introduce HiIQ Brain Pass NFTs exclusively for IQ stakers. These NFTs will bring forth numerous benefits, including the privilege to edit content on IQ.wiki. Additionally, users will have the option to acquire these NFTs by using IQ tokens for purchase.

Artificial Intelligence

In February 2023, IQ.wiki became one of the pioneering decentralized applications to incorporate artificial intelligence. Through the integration of OpenAI's GPT-3 model, IQ.wiki revolutionized the process of summarizing wiki articles, enabling the swift summation of vast pages such as the wiki on the Bored Ape Yacht Club in a matter of seconds [32].

Presently, BrainDAO is diligently focused on the development of its own AI, utilizing training its Language Learning Model with IQ.wiki's extensive collection of wiki articles. This innovative approach aims to enhance the quality of summaries, taking them to new heights.

IQ GPT

IQ GPT: The Leading Blockchain-Focused AI Search Engine by IQ.wiki

Discover the world's first AI Crypto Search Engine designed specifically for the blockchain domain. IQ GPT, developed by IQ.wiki, offers real-time, contextually relevant information. Whether you're looking for learning, development, or trading-related activities, this powerful engine streamlines research processes while filtering out irrelevant data.[37]

Launched in 2023, IQ GPT is fueled by the IQ token and draws reliable data from authoritative sources such as IQ.wiki's database, The Associated Press News, CoinGecko, Flywheel DeFi, CoinNess, and InvestHK.

Unlike its competitors, IQ GPT provides early access to users staking IQ tokens (HiIQ holders) with a minimum balance of 100,000 HiIQ. By surpassing the waitlist, these users can harness the engine's full potential without delay. Explore IQ GPT today and unlock the limitless possibilities of blockchain intelligence.

Navin Vethanayagam, Chief Brain of IQ.wiki, said in a comment to CoinDesk:

"Reading through a 1,000 word encyclopedia entry to answer a question is difficult and time consuming for users, and the GPT-4 search engine solves that as users can simply ask a question. At the same time, by making information search easier, the search engine, called IQ GPT, helps fight misinformation and makes onboarding easier for new traders."

BrainDAO

The management of the IQ token is entrusted to BrainDAO, a decentralized autonomous organization governed by IQ token stakers. The value of the IQ token is backed by an impressive portfolio of assets held by BrainDAO, including IQ tokens, stablecoins, blue chip NFTs, and other digital assets. As of September 2022, the BrainDAO treasury had accrued more than $2 million in wrapped Ethereum and over $5 million in total assets. By February 2023, the value of the treasury had skyrocketed to over $15 million. Remarkably, all the decisions regarding the BrainDAO treasury are made by IQ token stakers. Over time, the treasury has accumulated Ethereum through Olympus Pro bonds and later Bond Protocol bonds. Additionally, the BrainDAO treasury has amassed FRAX stablecoins through the Time-Weighted Average Market Maker (TWAMM) on Fraxswap. 

IQ wiki official website: https://iq.wiki/