The IQ token powers a knowledge ecosystem including applications such as IQ.wiki, the world's largest cryptocurrency and blockchain encyclopedia.
The IQ token is the native token of the project. The current use cases for the IQ token include:
Staking: IQ token holders can stake their tokens with the HiIQ staking service to earn rewards and the ability to participate in IQ NFT raffles.
Governance: All IQ holders are able to participate in the governance of the token and ecosystem through BrainDAO.
Rewards for Content Editing: IQ staking also enables holders to earn rewards for editing the IQ.wiki encyclopedia.
The project consists of the following major components working in conjunction:
IQ.wiki: a cryptocurrency encyclopedia, where every edit is recorded on-chain through Polygon and all data is stored through IPFS.
HiIQ: a DeFi staking and governance system, based on Curve’s veCRV system which allows stakers to earn IQ token rewards and ability to participate in IQ NFT raffles.
BrainDAO: the DAO which manages the IQ token, IQ.wiki, IQ OraQles, and a diversified treasury.
As of December 1st 2022, the total token supply of the IQ token is 13,098,383,539. The current circulating supply is 12,520,000,000 (95.56% of the total token supply).
Learn more about the token distribution of IQ here.