Everipedia is a wiki-based online encyclopedia founded in December 2014. The website was officially launched in 2015 as a fork of Wikipedia but is owned by Everipedia Inc., a for-profit company based in Los Angeles, California.
Everipedia’s vision is to bring real-world data and knowledge to the blockchain in order to clarify any misconceptions created around the financial markets. It allows anyone who is interested to contribute by creating an article as long as they have a citation. Thus, it allows for a much broader scope of knowledge that is based on a blockchain.
However, this has been critized for presenting false information on breaking news events and for its website heavily relying on JavaScript and AJAX for basic functionality such as viewing articles and opening references.
The site’s name is a combination of the words “everything” and “encyclopedia”. It is a community-governed platform where anyone can participate and share what they know on multiple topics.
Furthermore, its ecosystem includes PredIQt, a decentralized education-based DeFi platform that includes a prediction market. Users can share their opinion on future predictions and speculations, where they can earn cryptocurrency if they prove to be successful. Everipedia is powered by the IQ Token.
On the 26th of April Ethereum was trading at $2,188 where it reached $2,491. This is a 13% increase in one day, and from there it peaked another 6% all the way to $2,645. From there if you have a look into the chart Ethereum did not have a big correction. Instead, it went all the way to $3,440 on the 4th of May, which is today.
Everipedia began as a small project of Sam Kazemian and Theodor Forselius in Kazemian’s college dormitory room at University of California. As soon as the website was launched in January 2015, Travis Moore joined the company as a co-founder in the winter of 2015 and later on Mahbod Moghadam also joined as a co-founder.
The company started by raising capital from angel investors also known as venture capitalists. As of January 2017 the company had raised $700,000 from angel investors in total. The biggest funding came from Galaxy’s Digital EOS.io Ecosystem fund in 2018 and was $30 million.
The company is currently generating revenue from advertisements and banners. In October 2019, the company announced a partnership with Brave, a privacy browser combined with blockchain-based digital advertising platform.
Brave rewards its users with Basic Attention Token (BAT) via the Integrated Brave Rewards in the browser, for opting into viewing privacy preserving ads compared to Everipedia who rewards users for writing, editing and successfully predicting. Brave users receive 70% of the revenue generating by the ads.
This partnership includes:
In June 2020, Everipedia announced that its IQ Token was available for trading on Binance Exchange, today’s largest cryptocurrency exchange by trading volume. This was an important milestone for the EOS community when IQ as an EOS Token became the first one to ever get listed on Binance.
The live Everipedia price today is $0.021205 with a 24-hour trading volume of over $10 million. Its ranking on CoinMarketCap is 279with a live market cap of over $208 million. On the 31st of March, the token hit ATH of $0.029479. Therefore, today’s price is 38% down from the highest high. The coin’s price was $0.0060 at the beginning of February which gives it a 250% increase from its current price in just 3 months.
Everipedia said in 2017 that it has 17,000 registered editors and 2,000 active editors as well as 3 million monthly users. The latest number of active editors has been said to be 7,000 by Kazemian in 2019.
The Everipedia project and its investors retained 49% of the initial 10 billion IQ tokens and distributed the remaining 51% to all EOS token genesis balances soon after the EOS main net launch.
The IQ tokens which are held by the team and investors will be vested with a quarterly release schedule. Vesting started in May 2020 and will end in August 2022.
IQ is an inflationary token, which is minted every 30 minutes through the edit and curation process. There will be a fixed number of tokens minted each day. The amount will be reset every day at 00:00 UTC.
PredIQt Earn is a money lending market similar to Compound.Finance on Ethereum. This lending market allows users to deposit tokens to earn interest or borrow tokens and pay interest. It enables individuals to borrow IQ tokens locked in prediction market contracts so that the idle IQ that sits in the prediction markets can accrue interest and increase payouts for participants. PredIQt Earn also allows users to earn interest on IQ tokens they have used to purchase prediction market shares while the market is open for long durations.
PredIQt Smart Assets allows anyone to collateralize IQ tokens to generate synthetic assets such as iqUSD, iqOIL, iqBTC, and others. These “smart assets” can then be traded, lent, or borrowed through PredIQt Earn as well as held for exposure to a customized basket of assets.
By participating in exotic prediction markets on real events with smart assets hedging, any user can build a basket of custom exposure to a wide array of investments.
Disclaimer – I/we have no position in any stock mentioned. I wrote this article myself, and it expresses my personal opinions. I am not receiving any compensation for it, other than FDGT Academy. I do not have or had in the past any business relationship with any company that is mentioned in the above article.
I am a stock analyst/investor with prior experience and knowledge to BSc Accounting and Finance. After completing my degree and exposure to the accounting firms I decided that the direction I should choose is towards the Investment world. I completed my masters in Investment Management where it gave me solid fundamentals to build my career on. I have examined a lot of different aspects of investment, from REITS, derivatives, currencies, bonds, equity and hedge funds. I never stopped learning about the market which is why I can analyze and write articles for FDGT community always personally opinionated. My passion are green energy and electric vehicles stocks as a whole. I also had my share of analyzing the work form home stocks that are coming to take over in the upcoming years.
Don’t forget after depositing with one of our regulated brokers, you are entitled to free lifetime access to our premium membership.
This includes, but is not limited to, WhatsApp live group, daily live signals, premium Trade validator, and much more.
Don’t forget that after depositing with one of our regulated brokers, you are entitled to free lifetime access to our premium membership.
This includes, but is not limited to, WhatsApp live group, daily live signals, premium Trade validator, and much more.
Don’t forget after depositing with one of our regulated brokers, you are entitled to free lifetime access to our premium membership.
This includes, but is not limited to, WhatsApp live group, daily live signals, premium Trade validator, and much more.
Don’t forget that after depositing with one of our regulated brokers, you are entitled to free lifetime access to our premium membership.
This includes, but is not limited to, WhatsApp live group, daily live signals, premium Trade validator, and much more.