What Is Everipedia (IQ)?

Everipedia (IQ) is an informative knowledge platform built on blockchain technology. The Everipedia network is a decentralized encyclopedia database governed by its token holders. The platform encourages content creators to write and share their articles on platform. Participants can earn tokens for curating and submitting content to the Everipedia database. As per their website, Everipedia seeks to become the encyclopedia accessible by anyone but not restrictive as Wikipedia. Everipedia also aims to attract community members/users who want to share knowledge from across the globe.

The platform allows users to create pages and articles on any topic. The only condition the platform has is that the content must have proper reference and be neutral. Furthermore, the platform also works as decentralized finance (DeFi). The users can earn by yield farming, lending or borrowing, and exchanging tokens.

To establish a sustainable knowledge platform, Everipedia introduced a three-program system. The programs consist of a governance module, token module, and article submission module. In the token module, users can send, receive and hold tokens, schedule the minting proces,s and execute the fee functions. Similarly, the governance module looks at changing the network rules, which is done by deploying new code voted through its existing token holders. The article module is responsible for editing proposals and changing the state of the database of articles sent to the IPFS nodes. IPFS or InterPlanetary File System is a peer-to-peer protocol designed for storing and sharing content while making the web faster, safer, and open to anyone.

Furthermore, Everipedia also has a prediction market named PredIQt. In PredIQt, the IQ token is required to make market predictions or resolve the market outcomes.

Everipedia has released cryptocurrency token called IQ to encourage the editors for content creation. The platform also awards the best editors with IQ prizes weekly with the best page of the week contest. Furthermore, there is also a monthly editing challenge to give more rewards to content creators. Users have the right to exchange the IQ tokens for proposing a vote on the governance actions of the platform. 

History of Everipedia (IQ)

The IQ token was initially launched in 2018. The technical whitepaper was launched on August 19, 2018. Sam Kazemian is the president of Everpedia, Travis Moore is the co-founder and CTO. Theodor Forselius is the co-founder and CEO.The maximum supply of IQ tokens is 21 billion.