Everipedia update: IQ Live price, price chart, news and markets

The IQ price update as of now is $0.007113. In the previous 24 hours, its trading volume was $13,214,326, and its value has decreased by -2.01%. As of now, IQ's live market cap is $117,269,646, and it is ranked as the #377 on the Coincu. IQ has a circulating supply of 16,487,876,716 and a maximum supply of 16,487,876,716.

What is Everipedia (IQ)?

Everipedia is a knowledge and information sharing platform that operates on the EOS blockchain. It allows users to contribute and share knowledge in a community-powered environment. The platform enables users to create informational pages on any topic, as long as the content is properly referenced and unbiased. Everipedia (IQ) serves as an online encyclopedia with over 6 million entries, and it stands out by utilizing blockchain technology to reward users with cryptocurrency.

Whenever users share content on Everipedia, it becomes part of their database, known as the Everipedia Network, and they receive rewards in the form of IQ tokens. The main objective of the Everipedia project is to revolutionize and enhance the management of the online encyclopedia system by aggregating and stratifying information. To achieve this, the project has implemented a three-module operating mechanism comprising a token module, a posting module, and a control module.

In addition to the encyclopedia platform, Everipedia has introduced PredIQt, a decentralized market forecast. This platform allows any investor to create a market for predicting future events.

To engage in proposing amendments and voting for network governance decisions/actions on Everipedia, users must deposit IQ tokens. In PredIQt, IQ tokens are employed for payment in prediction markets, placing bets on market outcomes, and covering listing and trading fees within the system.

Key Aspects of the Everipedia Project

Everipedia - The Contemporary Encyclopedia

The Everipedia project aims to create a contemporary and easily accessible encyclopedia by leveraging blockchain technology, much like Wikipedia. It operates on a peer-to-peer network, utilizing the EOS blockchain and the IQ token to incentivize editors to contribute content using IQ tokens. The IQ token holds real monetary value, and the encyclopedia was launched on the EOS blockchain on August 9, 2018.

PredIQt - A Reliable Market

PredIQt serves as a protocol for a reliable marketplace and involves three user classes:

• Participants: They acquire or exchange tokens to own a position in the prediction market. IQ tokens are stored in the market's smart contracts to distribute winnings.
• Decisive parties: They provide information about market events by staking IQ tokens and receive IQ tokens after dispute resolution.
• Creators: They initiate new markets by paying the cost of market creation with IQ tokens. This fee prevents the creation of redundant or unresolved markets. The IQ tokens required to create a market are burned. Creators receive a small fee from the total IQ token supply of the market, proportional to its size.

For more information about Everipedia, visit the Everipedia stories section.