what is the IQ.wiki ?

Answered at Sep 24, 2024

What is IQ.wiki?

IQ.wiki, formerly known as Everipedia, is the world's largest blockchain and cryptocurrency encyclopedia. Launched in 2015 and rebranded in 2024, IQ.wiki serves as a comprehensive knowledge hub for the crypto industry, leveraging blockchain technology and artificial intelligence to create a decentralized information ecosystem.

Key Features and Functionality

IQ.wiki operates on the EOS blockchain, utilizing a three-module system to ensure decentralization and immutability:

  1. Token Module: The platform is powered by the IQ token, which serves multiple purposes within the ecosystem.
  2. Governance Module: Token holders can participate in decision-making processes through BrainDAO.
  3. Article Submission Module: Users can contribute content to the platform, subject to quality checks and staking requirements.

To maintain content quality, contributors must stake IQ tokens before submitting articles. If approved, the stake is refunded; if rejected, the stake is forfeited, discouraging misinformation and low-quality submissions.

IQ Token Utility

The IQ token is central to the IQ.wiki ecosystem, with several use cases:

  • Staking: Users can stake IQ tokens through HiIQ to earn rewards and participate in NFT raffles.
  • Governance: Token holders can vote on ecosystem decisions via BrainDAO.
  • Content Rewards: Contributors earn IQ tokens for creating and editing encyclopedia entries.
  • Trading: The token is available on various cryptocurrency exchanges.

Ecosystem Components

IQ.wiki has developed several blockchain-based decentralized applications (DApps) to support its mission:

  1. IQ.wiki Encyclopedia: The core product, offering comprehensive information on blockchain and crypto topics.
  2. PredIQt: A prediction market and automated market maker (AMM) for speculating on future events.
  3. HiIQ: A DeFi staking platform for IQ token holders.
  4. IQ.wiki OraQles: A blockchain oracle providing smart contracts with real-world data.

Technological Integration

IQ.wiki distinguishes itself through its innovative use of technology:

  • AI Integration: The platform utilizes AI to enhance user experience, including features like article summarization.
  • Blockchain Recording: All edits and entries on IQ.wiki are recorded on the Polygon blockchain and IPFS, ensuring transparency and immutability.
  • IQ GPT: An AI agent specifically trained on blockchain knowledge, integrating data from various reputable sources in the crypto space.

Governance and Community Involvement

The project is governed by BrainDAO, which manages the ecosystem's development and decision-making processes. IQ token stakers can participate in governance, contributing to the platform's decentralized nature.

Funding and Partnerships

IQ.wiki has secured significant funding throughout its development:

  • 2015: Initial seed funding from Mucker Capital and crowdfunding on Wefunder.
  • 2017: $700,000 raised from angel investors.
  • 2018: $30 million raised from Galaxy Digital's EOS ecosystem fund.

The project has also established partnerships with various data providers and crypto-focused organizations to enhance its knowledge base.

Conclusion

IQ.wiki represents a significant effort to bring real-world knowledge onto the blockchain, focusing specifically on cryptocurrency and blockchain information. By combining decentralized governance, AI-powered features, and a token-based incentive system, IQ.wiki aims to create a comprehensive and accessible knowledge ecosystem for the crypto community. As the platform continues to evolve, it seeks to expand its offerings and solidify its position as a leading source of blockchain and cryptocurrency information.