Everipedia is a blockchain-based, decentralized platform that aims to educate the world about blockchain technology. The goal of the protocol is to completely decentralize information curation and access to the internet.
This article will dive into what Everpedia is and how it works. We will also take a look at Everpedia’s IQ token and understand what purpose it serves in the ecosystem. We will also make future price predictions for IQ before determining whether it is a credible cryptocurrency investment.
So, let’s get started.
What is Everipedia (IQ)?
The IQ project, formerly called Everipedia, is a decentralized platform that is on a mission to educate the world about blockchain technology. It combines distributed ledger technology and artificial intelligence to scale the knowledge about cryptocurrencies.
The platform is quite similar to Wikipedia and runs on the EOS blockchain. What makes IQ different from Wikipedia is the incentive model that provides monetary incentives to creators of information, thus allowing for a more varied collection of content.
Unlike Wikipedia, where the flow of information is controlled by a centralized body, it is individuals who own the protocol’s native IQ token that contribute to the platform by creating articles about any subject as long as they provide credible sources.
There are a handful of decentralized applications (DApps) on the IQ protocol, including the Everipedia encyclopedia, the PredIQt prediction market and automated market maker (AMM), HiIQ for staking IQ tokens, and a blockchain oracle called OraQles.
How does Everipedia work?
Everipedia has a three-module system that helps the network eradicate centralization and ensure that its blockchain is immutable. These modules are the token module, governance module, and article submission module.
Despite its open-source and decentralized nature, all content uploaded on Everipedia goes through a strict screening process before being approved. It also has a practical framework to curb the actions of malicious participants.
If a governance module approves the individual’s write-up, the number of IQ tokens the writer staked is refunded. However, if their content is deemed unacceptable, the creator loses his/her stake.
What is the IQ token?
IQ is the native cryptocurrency of the IQ project. The token issued on the EOS blockchain serves as both the utility and governance token of Everipedia.
The IQ token is used to incentivize contributors and users. A portion of the platform’s fees is to be distributed to creators and editors as compensation for their contributors.
IQ holders can use their tokens to obtain voting power. The value of the tokens held by a user and their holding period determines how much voting power they have. The tokens can be staked on the HiIQ platform to earn staking rewards. The longer a stake is held, the greater the reward.
IQ Token Price Prediction: 2024, 2025, 2026, 2027, 2028, 2029, 2030
At the time of writing, IQ is trading at $0.014165 – up 1.46% in the last 24 hours.
Based on its current market rate, IQ token is forecasted to trade within a price range of $0.013916 and $0.044255 in 2024.
In 2025, the IQ token is expected to trade at a height of $0.044255. This rise will be driven by positive developments in the market as well as Everipedia’s growth as a knowledge platform.
In 2026, IQ is predicted to trade within a price range of $0.011039 on the lower end and $0.027312 on the higher end.
In 2027, the price of IQ will range between $0.009923 at the lowest and $0.015084 at the highest.
By 2028, IQ is projected to trade a maximum price range of $0.024898 and a minimum price point of $0.011222.
In 2029, the price of IQ is expected to fall between a price range of $0.018315 at the minimum and $0.094251 at the maximum.
In 2030, IQ is expected to trade within a price range of $0.011116 at the lowest and $0.051845 at the highest.
Where to buy IQ?
IQ can be purchased on the following cryptocurrency exchanges:
Is IQ (Everipedia) a good cryptocurrency investment?
Everipedia is a blockchain-based alternative to the popular internet encyclopedia Wikipedia. The project aims to be an all-in-one educational platform for everything about blockchain technology.
The platform functions similar to Wikipedia, except that it runs on the EOS blockchain. Unlike its Web2 counterpart, which is a platform controlled by a centralized entity, Everipedia or IQ is a decentralized platform that is contributed to by its community of IQ token holders.
Anyone who holds IQ tokens can contribute to the blockchain encyclopedia by providing informational articles. If their content gets approved by the platform, they get rewarded in the IQ token. Token holders can also participate in the protocol’s governance and make proposals for its development.
The IQ token looks to be a valuable long-term investment as it is a decentralized web-based encyclopedia that is essential for the internet in the days of massive censorship. All things, considered, I can surely say that IQ is a credible cryptocurrency project that will be valuable in the long term.
However, as is the case with every cryptocurrency, IQ is also prone to price fluctuations. Therefore, you should only invest in the token after conducting thorough research.
