Everipedia — an online encyclopedia like Wikipedia, but it uses blockchain technology to reward cryptocurrency users. Users submit content to their database - the Everipedia Network - and get rewards in the form of IQ tokens. Contents:
- Description and benefits of Everipedia
- History of the EOS company
- Everipedia update
- Token and rewards in dapp
Description and benefits of Everipedia
The online encyclopedia Everipedia is using blockchain technology to help the company to realize its vision of a world where knowledge is available to all people. A world where you can participate, share your knowledge and provide value to others. Everipedia's official mission - to modernize the management of the online encyclopedia. The company aims to do this by allowing more editorial choices in the editing process, as well as allowing more content from traditional encyclopedia websites. Why should you choose this platform:
- mobile viewing of the user's profile;
- modern design and features;
- design and function, built for the modern era;
- earn rewards for participation.
IQ tokens allow you to reward people for participating in the life of the company. Moreover, you can create articles about anything here. This allows you to expand the amount of content in the knowledge base significantly. Also, anyone with IQ Tokens is a stakeholder in this network. Using IQ tokens for voting, users decide which new articles and changes are added to the knowledge base.
History of the EOS company
Everipedia was founded in Los Angeles in December 2014 and launched in 2015. It originally began with the goal of creating a more modern version of Wikipedia. Part of the encyclopedia - to move all of Wikipedia's content to the platform. Plus, you can create additional pages for people, organizations and other items, not found on other sites. In Roadmap, the company writes the following:
| July 2015 | The company has received funding from Mucker Capital. Ihe received its first outside investment from other well-known companies then. |
| 2016 year | It raised $ 130,000 from Wefunder, a crowdfunding service that connects startups with investors online. They were estimated at $ 22 million. |
| December 6, 2017 | Everipedia announced that they are building "the first blockchain encyclopedia." Using EOS blockchain technology, they said they are working on a token, called IQ. |
| February 8, 2018 | The developers announced that they received $ 30 million in funding from a group of strategic investors, led by Galaxy Digital. |
On February 8, 2018, it was announced that the company had raised $ 30 million, led by Galaxy Digital's EOS.io Ecosystem Fund.
Everipedia update
Everipedia aims to create the most accessible online encyclopedia, not limit it like Wikipedia. It also wants to develop elements of social networks and create a chat for communication between users. The company recently announced plans to move to revision creation and storage, using EOS. A token system would allow every user to become a stakeholder on the wiki. You will be injecting your token into the game for every edit. Everipedia allows for a wider range of articles, as the guidelines on Wikipedia are stricter. It does not allow censorship on any topic for sources.
The site often focuses on trending topics such as YouTube, memes, activists, advocates of the truth and victims of police shooting.
Token and rewards in dapp
IQ - a company currency that can help to edit and create new pages, as well as vote on whether a page should be edited or published. Everipedia contribution awards - an intriguing business model. IQ - 10 billion and a lot of currency has been donated to EOS holders at a ratio of 5 to 1. All IQ holders help to manage encyclopedia articles and they can approve changes, create new rules and buy or sell services online in exchange for money. They are also motivated to create useful information and work together to create company content. Like Steem, IQ inflation will be up to 5% per year. To find out where you can buy this currency, go to the company's telegram channel. You will learn about many updates, promotions and contests there.