Everipedia: The Evolving World of Decentralized Knowledge

Decentralized digital currencies and applications have been making waves across various industries, and Everipedia stands at the intersection of blockchain technology and knowledge dissemination. It is not just a crypto coin but an entire ecosystem aimed at reinventing how we collect, curate, and distribute information online.

Understanding Everipedia's Purpose

Everipedia seeks to evolve the conventional approach to documenting and accessing knowledge seen with platforms like Wikipedia. It uses blockchain technology to create a decentralized repository of information where contributors can add content that is verifiable and neutral in nature. Here's a deeper look at what Everipedia is all about:

• Decentralized Knowledge: Everipedia operates on the EOS blockchain, offering a decentralized alternative to traditional knowledge repositories like Wikipedia.
• Governance and Rewards: The native token of Everipedia, known as IQ, serves multiple purposes within the network, from governance to incentivizing content creation.
• Eliminating Centralization: With a vision of eradicating centralized control over information, Everipedia gives power back to the contributors and readers by utilizing blockchain technology.

How Everipedia Works

Everipedia functions through a unique blend of three foundational modules, each serving a crucial role in maintaining the platform's decentralized nature:

• Token Module: The IQ token is at the core of Everipedia's economy, facilitating transactions and incentivizing contributions.
• Governance Module: IQ token holders have voting rights proportionate to their stake, influencing the platform's evolution and governance.
• Article Submission Module: Users stake IQ tokens to submit articles, which are then vetted for accuracy and neutrality.

This system not only incentivizes quality content creation but also upholds stringent measures against misinformation.

Utilization of IQ Tokens

What sets the IQ token apart is its versatility within the Everipedia ecosystem:

• Contributor Incentives: Creators and editors are rewarded with IQ tokens, fostering an active and engaged community.
• Governance Mechanisms: Owning IQ tokens means having a say in the platform's decision-making processes.
• Staking: Holders can stake IQ tokens for rewards, including potential NFT raffles.
• Trading: IQ tokens are tradeable assets on exchanges like OKX.

A Peek into Everipedia's History

Everipedia started in a college dorm room but has since grown into a platform utilized globally. Founders Sam Kazemian and Theodor Forselius channeled their dissatisfaction with Wikipedia's inclusivity into creating an alternative that embraced the potential of blockchain technology.

The Team Behind Everipedia

The minds behind Everipedia bring together a depth of expertise and a shared passion for knowledge sharing. Sam Kazemian, Theodor Forselius, Travis Moore, Mahbod Moghadam, and Christian Deciga initially founded the platform, driven by a vision of more democratic access to information. The team was later joined by Wikipedia co-founder Larry Sanger in a central role, reinforcing the platform's credibility, although he resigned from his position in 2019. Operations have been further streamlined under the oversight of Suchet Dhindsa Salvesen, the CFO and COO.

Competition and Market Position

While Wikipedia remains a potent competitor due to its massive user base and recognition, Everipedia sets itself apart with its blockchain-backed framework. Other projects in the space, like The Graph, share certain aspects with Everipedia but serve inherently different functions within the web3 infrastructure.

Strategic Alliances and Achievements

Everipedia has attracted significant partnerships, investments, and tech talent, highlighting the confidence in its roadmap. One notable entry into the team was Dr. Larry Sanger, co-founder of Wikipedia, who believed Everipedia offers a new slant on the traditional encyclopedia model.

The Everipedia Ecosystem

The Everipedia ecosystem features innovative offerings:

• PredIQt: A prediction market that rewards accurate forecasting.
• OraQle: An oracle service ensuring data integrity for smart contracts.
• HiIQ: A staking platform that provides additional utilities such as NFTs.

The Road Ahead

Everipedia's growth strategy includes expansion into lending markets, like PredIQt Earn, and the introduction of synthetic assets through PredIQt Smart Assets, which will utilize IQ tokens in novel ways to create more tangible assets like iqBTC and iqETH.

Storing and Staking IQ Tokens

For those vested in Everipedia's vision, IQ tokens can be stored:

• On Exchanges: Like OKX, providing convenience and ease of access.
• In Software Wallets: Compatible with EOS or Ethereum blockchain wallets.
• Through Hardware Wallets: Offering heightened security measures for token storage.

Staking options are also available, allowing token holders to earn passive income or possible NFT rewards.

Key Takeaways for Prospective Users

• Everipedia is not merely about content consumption; it is about active engagement — creating, curating, and governing the flow of knowledge.
• The IQ token reigns over Everipedia's operations, aligning incentives with participation.
• Everipedia remains rooted in the belief that knowledge should be free and yet, it understands the importance of rewarding the keepers and sharers of that knowledge.

Everipedia stands as more than a crypto coin — it's a foray into a future where information is democratized, and users are empowered through blockchain to contribute to the trove of human knowledge.

Roadmap for Everipedia

Everipedia's roadmap is marked by strategic advancements that are recalibrating the knowledge acquisition domain. Transitioning from the EOS to Polygon blockchain to reduce gas fees and planned support for Ethereum and Binance Smart Chain are telling of Everipedia's forward-thinking approach. The commitment to removing server costs and governmental censorship by decentralizing via blockchain is a steadfast part of their journey.

Current and Upcoming Projects

Driving the vision forward, Everipedia's current and up-and-coming projects show pronounce potential:

• IQ.Wiki: A new crypto-centric encyclopedia, is one of the company's significant recent developments, signifying a direction oriented exclusively towards the blockchain and crypto community.
• Blockchain Integration: The company's focus on blockchain cements the evolution towards a more robust and immutable platform for knowledge sharing, with a move to integrate the Polygon blockchain for a gas-free experience, furthering its innovative stance on information storage and user interaction.

Through its products and evolving approach, Everipedia continues to tread on the path of making information universally available and sustainably curated for all stakeholders in the ever-evolving digital age.

IQ Price Analysis

As of November 24 2024 IQ has a marketcap of $149M. This is {{percentagefromath}} from its all time high of $0.072382. In terms of its tokenomics, there's a total supply of 19B with 100% currently outstanding. Keep in mind IQ has a fully diluted value of $149M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.