Cryptocurrencies

IQ Token (Cryptocurrency)

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The IQ token is a DeFi (Decentralized Finance), Non-Fungible Token (NFT), and oracle token centered around bringing the world’s knowledge on-chain from finance to art to data. The IQ token is multichain available on Ethereum (ETH), Binance Smart Chain (BSC), Polygon, and EOS. The IQ will also be the native token of the upcoming Brainchain, the first blockchain dedicated to bringing real-world knowledge on-chain. The IQ token was first launched in 2018 and powers Everipedia encyclopedia, the decentralized prediction market PredIQt, the first-party oracle service Everipedia OraQles, and HiIQ.

HiIQ

HiIQ is an IQ staking service that allows IQ holders to stake and lock up their IQ to earn token rewards. Non-Fungible Token (NFT) rewards will also be launching soon.

HiIQ launched on August 4, 2021, and was created to incentivize IQ holders to become long-term holders who stake and lock up their IQ tokens. The HiIQ staking system allows IQ holders to choose how long they want to lock up their IQ for, the longer they lock up their IQ for the greater the number of rewards and the greater chance they will have to gain limited edition NFTs.

HiIQ should increase the utility of the IQ by rewarding long-term IQ holders, encouraging holders to lock up their IQ reducing the circulating supply of IQ. HiIQ should also bring in new IQ holders who want to stake to earn token rewards and NFTs.

There are already 30 Juicy J’s Journey NFTs reserved for HiIQ stakes. The limited collection of NFTs was created by the Academy Award-winning and Grammy-nominated hip hop artist Juicy J in collaboration with Everipedia.

IQ Token Rewards

1 million IQ tokens are minted daily for HiIQ stakes. The IQ rewards are distributed to HiIQ stakers in real-time. HiIQ can claim their IQ rewards as soon they are earned or leave them and claim them later.

IQ Yield Farming

IQ holders can earn both IQ and FXS tokens by supplying liquidity to the incentivized IQ-FRAX pool on Uniswap and staking their LP tokens on Frax Finance. Frax Finance is the world’s largest algorithmic stablecoin and the first fractional algorithmic stablecoin.

The incentivized pool was created to increase the level of liquidity of the IQ on Ethereum in preparation for the launch of Brainchain in Q4 2021.

How to Buy IQ Token

How do I buy IQ Token?

While some cryptocurrencies, including bitcoin, are available for purchase with U.S. dollars, others require that you pay with bitcoins or another cryptocurrency.

To buy cryptocurrencies, you’ll need a “wallet,” an online app that can hold your currency. Generally, you create an account on an exchange, and then you can transfer real money to buy cryptocurrencies such as bitcoin or Ethereum. Here’s more on how to invest in bitcoin.

Coinbase is one popular cryptocurrency trading exchange where you can create both a wallet and buy and sell bitcoin and other cryptocurrencies. Also, a growing number of online brokers offer cryptocurrencies, such as eToro, Webull, and Sofi Active Investing. Robinhood offers free cryptocurrency trades (Crypto.com is available in most, but not all, U.S. states).

The Author

Oladotun Olayemi

Dotun is a financial enthusiast who specializes in first-in-class financial content, including crypto, blockchain, market, and business, to educate and inform readers.