Everipedia focuses on DeFi
Everipedia focuses on DeFi

Everipedia focuses on DeFi

By Alfredo de Candia - 11 Jun 2020

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Everipedia, the decentralized encyclopedia based on the EOS blockchain, has announced its intention to expand into the field of decentralized finance (DeFi).  

It’s been 2 years since the Everipedia project took off on EOS, reaching 2 million users worldwide and allowing them to earn and stake IQ tokens.

Everipedia also launched a truly impressive airdrop in 2018 with over 160,000 unique users, one of the largest at the time. 

A feature of this project consists in being able to earn IQ tokens simply by being active on the Everipedia platform, whether as a content creator and therefore editing the pages or creating new ones, or by participating in the management: in fact, the IQ token allows voting on articles and thus approving the content or making changes. 

The Everipedia team has not just focused on this project but has also launched an interesting project concerning the prediction of events and markets, PredIQt, a platform that uses the IQ token to bet on the results of future events. 

The team has now announced that they are about to upgrade the PredIQt platform by making it more functional and more powerful than Augur.

Speaking of which, Augur is expected to launch the new version of the platform in the next few days. 

PredIQt is the first dApp (decentralized application) of its kind on the EOS blockchain and can already boast a solid user base.

The token aims at becoming a central point of the whole DeFi ecosystem that will be created. Moreover, Everipedia has announced that it will create tokens on other blockchains like Ethereum, Binance Chain and also Polkadot that launched the mainnet recently, a clear sign of how the cross-chain feature will be a key element in the future of many projects.

The Everipedia token

It seems that the value of the token has had a slight recovery as a result of the news: it is now traded at about $0.0017 and has a market capitalization of over $17 million, making it one of the most capitalized tokens after NUT, WAX and WAL. 

At this point, it is clear that decentralized finance will make giant strides on the EOS blockchain, as evidenced by the emergence of various projects such as EOSOptions, the EOSDT stablecoin and various staking pools that have enviable interests compared to others.

Last but not least, we must not forget the possibility to use Bitcoin (BTC) on EOS thanks to pTokens and pBTC.

Alfredo de Candia

Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.

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