In the digital age, restrictions, and censorship should not hinder accessing information. However, autocratic governance and ongoing censorship have made it challenging to obtain knowledge freely. This has created a demand for a decentralized platform that empowers users to acquire information without limitations. Everipedia (IQ) is the solution that addresses this need.
What is Everipedia
Everipedia is a comprehensive and inclusive knowledge network that offers a platform for users to explore, engage with, and contribute to a wide range of topics. As a blockchain-based encyclopedia, it provides a repository where individuals can share their thoughts and opinions.
The primary goal of Everipedia is to create a sustainable infrastructure that enables seamless access to information for everyone. It aims to break down existing barriers to knowledge, ensuring that users have a comprehensive library of information available to them without any restrictions or censorship.
While similar to Wikipedia in its collaborative nature, Everipedia goes beyond by introducing an opportunity for contributors to earn. By leveraging a range of tools and decentralized applications (DApps) such as PredlQT, HilQT, and Everipedia OraQcles, the platform strives to establish a truly decentralized network.
The Everipedia team
The Everipedia team consists of Travis Moore, Theodor Forselius, and Sam Kiazeman, who played critical roles in developing the platform. Inspired by the concept of Wikipedia, the world's largest knowledge repository, these individuals aimed to create an enhanced and fully decentralized version.
In addition to the core team, Everipedia is supported by dedicated professionals who contribute their expertise in various capacities. Together, they work towards providing users with seamless, convenient, and unrestricted access to information.
How does Everipedia work
Everipedia functions as a blockchain-based alternative to Wikipedia, utilizing the EOS chain. It allows individuals to contribute information that is verifiable, accurate, and supported by reputable sources. Everipedia operates through a triple-module system encompassing governance, token, and submission modules.
Additionally, Everipedia incorporates the PredlQT DApp, which serves as a prediction marketplace where users can make predictions about future events and earn rewards based on the accuracy of their predictions.
While the platform maintains decentralization, it strongly emphasizes ensuring the accuracy of the information available. A team of editors diligently reviews each submitted piece of content, ensuring that only information supported by credible sources is published.
To deter malicious actors, Everipedia requires potential contributors to commit some of their funds to the network, discouraging unethical behavior and enhancing the platform's integrity.
IQ: Everipedia's native token
Everipedia's native token is IQ, which serves as a reward tool for participants and contributors on the network. Users receive a percentage as an incentive for undertaking tasks on Everipedia.
Additionally, IQ has trading capabilities, allowing users to buy and sell the tokens.
IQ is a reward and trading tool and a governance token. Holders of IQ tokens receive voting rights, enabling them to actively participate in the Everipedia platform's decision-making processes. Moreover, IQ tokens can be staked, serving staking purposes within the network.
IQ tokenomics
There is a maximum and circulating supply of 21 billion and 11.1 billion, respectively. IQ allows users to contribute to the platform and is a reward token. It is a powerful and core part of the Everipedia platform
IQ use cases
IQ serves multiple use cases within the network. As a governance token, it grants holders the right to vote on network-related matters. Additionally, IQ rewards editors and contributors who play a significant role in the network's development. Furthermore, it can be staked to earn rewards, allowing token holders to benefit from their participation and support.
IQ distribution
The distribution of IQ tokens is as follows:
- Fifty-one percent of the tokens were airdropped to EOS holders.
- 15.7 percent were allocated to founders and early supporters.
- 14.7 percent were held by EOS VC.
- The Treasury held ten percent.
- The IQ fund held five percent.
- 3.6 percent are reserved for future development.
The future of Everipedia
The future of Everipedia looks promising as the team focuses on integrating more tools and editors to ensure accurate and verifiable information. They are committed to maintaining the highest standards of information reliability, as evidenced by their plans to implement advanced verification tools.
With few direct competitors, Everipedia holds a prominent position in the space. The project has garnered positive attention, and as they forge strategic partnerships and foster strong relationships, it is evident that Everipedia is here for the long run.
