Everipedia+PredIQt is a decentralized knowledge base and DeFi platform that includes a prediction market, money market, and synthetic asset system which developed as an alternative to Wikipedia.
In 2014, the website everipedia.org started its publication life. Later, it entered the crypto money market by producing its own crypto money, IQ coin. The IQ token powers all applications and is used for the governance of the system. The Everipedia price page is part of the Crypto.com Price Index that features price history, price ticker, market cap, and live charts for the top cryptocurrencies.
Created by Christian Deciga, Theodor Forselius, Travis Moore, Mahbod Moghadam, and Sam Kazemian, Everipedia is a platform founded in the USA and headquartered in Los Angeles. Everipedia is recognized as a decentralized and crypto-focused alternative to Wikipedia.
It made its biggest breakthrough so far in 2018. Everipedia, which was included in the decentralized finance ecosystem that was only just beginning to spread in those years, signed a partnership agreement with Galaxy Digital. Everipedia has earned $30 million in funding thanks to the agreement it signed with Galaxy Digital. It already has 50 thousand active users on the Everipedia platform. A second bullish point of Everipedia (IQ) coin was its listing on the Binance cryptocurrency exchange.
Those who contribute to the veripedia platform earn rewards. According to the platform’s statements, IQ Token allows the contributors to the platform to be tracked and rewarded. Also, anyone who owns IQ Coin is considered a stakeholder in the Everipedia Network. Users decide which new articles and edits to add to the knowledge base, using their IQ coins to vote.
Instead of controlling in the hand of a small part of people, on Everipedia, everyone in the community has the right to make the decision.
The way the token mechanism works is when you edit articles, you have to stake a small number of tokens to propose an edit on the site. Other editors then must approve the edit for you to get your staked tokens back. Then you get some more as a reward. If the rest of the community dismiss your proposed edit, then the tokens that you staked get burned. So it is purely decentralized and the whole community makes the decision together.
Everipedia's price today is $0.01905092 with a 24-hour trading volume of $8,131,669. IQ price is down -1.5% in the last 24 hours. It has a circulating supply of 10 Billion IQ coins and a total supply of 21 Billion. At the time of writing this post (Oct 25, 2021), IQ's Return On Investment (ROI) over the past year was 718%, exceeded in the 'Media' category which had 342% growth over the past year. It underperformed in the crypto market which had 16162% growth over the past year.
Projects with public Github account have more transparency and reliability. Regularly, investing in projects with multiple contributors and commits is considered a safer and better investment (this means they are busy working and building the project). According to its Github account, there are Five Contributors to the development of IQ.
Another critical factor in the success of any project is gaining public attention. Our data shows that IQ's Twitter account saw a growth of 21% over the last months in the number of followers, which is considerable. Also, the number of IQ Reddit subscribers increased by 30%. However, the Telegram channel users had a 6% growth over the last months.
Over the last five months, IQ's Market Capitalization rank followed an overall declining trend, starting at the rank of 179-298 on July-Aug 2021, reaching 336 in Oct 2021. However, by the time of writing this post, IQ's market cap rank is about 314, and its value is $8,344,597 Million. Moreover, its liquidity score is 44% under the market's average score, making it relatively easier to sell in bear markets.
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