What is IQ Token ?

The World's Largest Blockchain & Crypto Encyclopedia

Start your crypto journey with IQ Wiki! The compass for exploring your web3 curiosities.

IQ.wiki's vision is to bring blockchain knowledge to the world and knowledge onto the blockchain. A part of Brainfund Group.

IQ token

The IQ token is a cryptocurrency dedicated to building a more intelligent future through artificial intelligence and blockchain technology. The IQ token powers a knowledge ecosystem including applications such as IQ.wiki, the world's largest cryptocurrency and blockchain encyclopedia. IQ.wiki integrates AI for tasks including summarizing wiki articles. The IQ token is a DeFi and governance token with IQ stakers governing the platform. The token is managed by BrainDAO which holds a treasury of IQ tokens, stablecoins, blue chip NFTs, and other digital assets. [29] [32]

IQ.wiki

The IQ token is integral to IQ.wiki. IQ token holders who stake their tokens with the HiIQ staking system, vote on governance decisions involving both the platform and the IQ token itself.

After the beta period, IQ.wiki plans on introducing HiIQ Brain Pass NFTs for IQ stakers which will provide several benefits including the ability to edit on IQ.wiki. Users will also be able to acquire the NFTs by purchasing them with IQ tokens.

Artificial Intelligence

In February 2023, IQ.wiki became of the first decentralized applications to integrate artificial intelligence. IQ.wiki integrated OpenAI's GPT-3 model for summarizing wiki articles. The AI integration allows large pages like the wiki on the Bored Ape Yacht Club to be summarized in seconds.

In the blog post announcing the integration, the BrainDAO team shared some more information on future AI integrations. They also explained how the IQ token rewards could be used to build a system around training artificial intelligence which would incentivize the testing and development of artificial intelligence.

BrainDAO

The IQ token is managed by BrainDAO which is governed by IQ stakers. The value of the IQ token is also backed by BrainDAO's treasury of IQ tokens, stablecoins, blue chip NFTs, and other digital assets. BrainDAO's portfolio of Ethereum, IQ tokens, stablecoins, blue chip NFTs, and other digital assets back the value of the IQ token. By September 2022, the BrainDAO treasury amassed over $2 million in wrapped ethereum and over $5 million in total assets. By February 2023, BrainDAO's treasury had reached a value of over $15 million. The BrainDAO treasury is fully governed by IQ token stakers. The treasury accumulated ETH over time through Olympus Pro bonds and later Bond Protocol bonds. The BrainDAO treasury has also accumulated FRAX stablecoins through the Time-Weighted Average Market Maker (TWAMM) on Fraxswap.