Led by Sam Kazemian, Mahbod Moghadam, Kedar Iyer, Travis Moore, Theodor Forselius and Larry Sanger, Everipedia (IQ) might just be the next big cryptocurrency to watch out for.

Being an online encyclopedia utilising the blockchain platform, the blockchain sure has plans for the future. In a tentative layout released just after Mid-August, the company acclaimed itself the ‘Peer-to-Peer Encyclopedia Network’.

The network runs on an idea that allows a host of users across non-restricted boundaries. In this way, the encyclopedic database not only grows larger, but stronger.

There however remains concern springing from how a blockchain platform that reaches to build participants from all walks of life intends to earn the trust of the crypto community.

The Everipedic idea

Everipedia is the brainchild of Sam Kazemian and Theodore Forselius. Sensing Wikipedia to be rather subliming and getting much too insufficient to satisfy the community of demanding subscribers, they set out to build something cool and fun, with added advantages over the traditional features of Wikipedia.

At the time, Everipedia was majorly an online encyclopedia that looked to satisfying the increasing needs of the social community. Mahbod Moghadam was one of the founders at Rap Genius, where social media fans had the opportunity of putting up lyrics online. He became the eight subscriber.

Everipedia is set up to generate profit for the company and investors as well.

Everipedia (IQ) utilizing EOS

According to the Markets Insider, the IQ token is reputed to be the current largest project on the EOS blockchain; with subscribers generating 73 million IQ tokens.

Originally slated to partner with Ethereum, EPN stunned investors in the cryptocurrency world when it opted for EOS. A major argument of the founders on why Ethereum was rejected borders on ETH’s scalability problem.

This is in view of the vision of the company to allow an endless number of people find expression even while surfing through encyclopedia. Everipedia is running to model like Facebook So about the token?

Everipedia’s token – IQ, was introduced to reward active participants. Participants are meant to give feed to the knowledge base of the encyclopedia. Conversely, the tokens(IQ) are utilised for quality control. The system by which content is generated is decentralised and open to appraisal by all. This is how tokens are given; through active and credible involvement.

The ability of the EOS blockchain platform to support the goal of Everipedia (IQ) has been considered suitable by the Everipedia team; at least for the moment.

Everipedia as blockchain

The Everipedia Network (EPN) is the official platform created by the Everipedia team for the sourcing, outsourcing, receiving, retaining and distribution of data.

According to the white paper released on the 19th August, the network generated up to two million participants every month. The Everipedia team therefore looked to creating a virtual space of ever increasing knowledge enthusiasts. They in turn would be rewarded based on their participation.

Converting the online encyclopedia forum into a more ordered blockchain network arose from the need to keep up trust with participants. Knowledge seekers engage online encyclopedia with the aim of harnessing reliable information power.

Again, the knowledge market has overtime proved to be monolithic. The thriving encyclopedia platforms are self-contained. EPN thus seeks to create a virtual encyclopedia that allows for sharing of knowledge. In addition, it hopes to hand out incentives in form of tokens to subscribers; making it in essence a sharing of knowledge built upon gains.

The Everipedia Network Modules

To provide a blockchain encyclopedia that is sustainable and reliable, the Everipedia Network proposes three distinct modules – the token module, the governance module and the article submission module.

Article Submission Module

This module covers for offers sent by a participant to edit on the network. When such proposal is accepted, the database is upgraded. Offers to edit an article are put in effect by a unique system involving tokens. The EPN recognized token (IQ) is needed for a subscriber to indicate his interest in effecting a proposal edit. Curation rewards, edit rewards and slashing conditions accrue to subscribers.

Token Module

The Token module covers for balancing the account of tokens; making sure accounts are up to date. Tokens are minted, given or received, transferred or even staked to allow a participant qualify to make decisions concerning online articles.

Governance Module

This module affects all three modules. It allows users of the encyclopedia seek for modification on the blockchain. As such, decisions made by the community could alter the blockchain system. Only token accounts may be left intact.

What’s More?

Apart from allowing a vast majority of people a platform to air their knowledge, EPN has more attractive records.

EPN is fast becoming global; cuts across more boundaries daily as it allows a limitless community of users.

To become eligible for the platform, users only need to visit everipedia.org

It has approximately 4 million pages; gives people the opportunity to open pages for themselves.

It yields revenue daily by being a platform for sharing ads.

IQ tokens may soon be up for exchange.

It is one of the social media platforms enjoying a steady rise; successfully opened an official company branch in Stockholm, Sweden (4th October).

EPN also breaks through the barrier of minority and women under-representation.

Everipedia (IQ) receives contributions from other encyclopedias, including Wikipedia.

It is acclaimed totally decentralized.