IQ
Crypto Overview
Overview
IQ is the native token of the Everipedia ecosystem, which began as a blockchain-based encyclopedia but has evolved into a broader knowledge-based platform. The project aims to tokenize and decentralize knowledge creation and curation.
Intended Utility
The IQ token serves multiple purposes within the ecosystem: governance rights for the protocol, staking for content validation, and rewards for content creators and curators. Token holders can participate in decision-making regarding platform development and content policies.
Actual Utility
The token is actively used for its intended purposes, particularly in governance and staking. The project has expanded beyond its initial encyclopedia focus to include PredIQt, a prediction market platform, and Braindao, which focuses on AI and knowledge-based applications.
Token Distribution and Development
The token distribution appears relatively balanced, with mechanisms in place to prevent concentration of ownership. The development team maintains regular updates and improvements to the platform, with verifiable GitHub activity.
Business Model Assessment
The core business model focuses on knowledge creation and curation, which aligns with Islamic principles of sharing beneficial knowledge. The platform's expansion into prediction markets raises some concerns, but these features are optional and separate from the main knowledge-sharing utility.
Crypto Impact
To assign a comfort level investing in IQ from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to IQ.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.