IQ
Crypto Overview
Intended Utility
IQ is the native token of the Everipedia ecosystem, originally designed to incentivize content creation and curation on a blockchain-based encyclopedia platform. The project has evolved to focus on BrainDAO, a decentralized autonomous organization that develops AI and knowledge-based products.
Current Usage and Implementation
The token serves multiple functions within the ecosystem: governance rights for BrainDAO, staking mechanisms for platform participation, and rewards for content creators and curators. The project has expanded beyond its initial encyclopedia focus to include PredIQt (a prediction market platform) and other knowledge-based DeFi applications.
Token Distribution and Governance
The token distribution shows a relatively balanced allocation with no concerning concentration among founders. There is transparency in the vesting schedules and token economics. The project maintains active development with regular updates and improvements to its ecosystem.
Technical Implementation
IQ operates on multiple blockchains including Ethereum and EOS, using cross-chain bridges to enable interoperability. The technical architecture appears sound with regular audits and security measures in place.
Business Model Analysis
The revenue model is based on ecosystem participation and value creation through knowledge products and services. While some components like PredIQt raise potential Shariah concerns due to their prediction market nature, the core knowledge-based services align with Islamic principles.
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.