IQ V3: Bridging the Real-world and the Metaverse with BrainDAO
Earlier this year IQ V2 was announced which made the IQ token a true DeFi, NFT, and Oracle knowledge token with the launch of yield farming, IQ staking, IQ Bonds, the expansion of Everipedia OraQles, the IQ token going multichain, and the launch of NFT raffles.
Over the last year the IQ token grew over 300%. HiIQ launched which enabled native staking for IQ holders where over 180 million IQ have now been locked. With the launch of IQ token yield farming with Frax Finance, the leading algorithmic stablecoin, the IQ token has developed more than $4.5 million in IQ-FRAX liquidity on Uniswap. Over 70% of stakers have locked up their IQ for more than 3.5 years which demonstrates the long-term faith IQ holders have in the protocol. The IQ protocol also gained additional IQ-ETH liquidity on Sushiswap through the launch of IQ Bonds on Olympus Pro earlier this month.
The IQ token also went multichain this year launching on Ethereum, Polygon, and Binance Smart Chain. The IQ token has since expanded further, launching on Arbitrum this month with Olympus Pro Bonds on Arbitrum. Expect to see more multichain expansion over the coming months.
The IQ token gained fiat onramps and expanded on centralized exchanges with the listing of IQ on Crypto.com and the launch of margin trading for the IQ token on Binance.
To further emphasize the new vision and characteristics for IQ, the branding and logo of the token has been completely overhauled. The new IQ logo and branding is based on the brain, the original source of human knowledge.
IQ V3: Web 3.0 & The Metaverse
With IQ V3, Everipedia’s mission is to bridge the real world and the Metaverse by creating, curating, and preserving all forms of knowledge on-chain from history to art to finance to data through the IQ token.
Decentralized Autonomous Organizations (DAOs) like Uniswap, Sushiswap, Olympus DAO, and Frax Finance have revolutionized the world of DeFi by building decentralized exchanges, treasuries, and algorithmic stablecoins.
To fulfill the vision of IQ V3, the IQ protocol has launched BrainDAO today as the first Web 3.0 Metaverse Knowledge Fund. BrainDAO will use IQ Token to fund the future of knowledge on the blockchain. The world’s knowledge and creativity is moving on-chain and into the Metaverse. Constitution DAO raised $40 million in an attempt to purchase The United States Constitution and share the birth of the United States with the world. With BrainDAO, the vision is to use the IQ token to build a decentralized fund dedicated to preserving and bringing real-world knowledge on-chain while also funding the creation of new knowledge. To fulfill this mission the IQ ecosystem is being overhauled and expanded including the IQ token itself.
BrainDAO began as Brainchain last year, since then the vision has expanded. Brainchain was solely focused on bringing real-world data on-chain; however with the IQ protocol’s growth and progress over the last year this vision needed to be expanded. In addition to bringing knowledge on-chain, BrainDAO also focuses on acquiring virtual and real-world assets. This broader vision requires a new DAO that can fund itself and allocate capital efficiently.
BrainDAO: The First Web 3.0 Metaverse Fund
In 2022, the goal is to expand BrainDAO into a large decentralized fund capable of realizing the IQ token’s vision of bridging the real world and the Metaverse. The BrainDAO funds can be used to acquire on-chain art related assets like NFTs, Metaverse assets like digital land, video game tokens, and anything else on-chain.
BrainDAO can also be used to acquire and share cultural artifacts. For example, BrainDAO could acquire paintings by old masters like Monet, historical documents like the United States Constitution, artifacts like the Jeulmun vessels from Prehistoric Korea, or even a Tyrannosaurus Rex skeleton from before the times of humans. BrainDAO could then exhibit these artifacts in the Metaverse using blockchain and virtual reality technology.
BrainDAO can also be used to incentivize builders to create new digital assets. For example, IQ holders could vote to dedicate IQ tokens towards commissioning artists to create new NFTs, or developers to create new on-chain video games, or editors to create new Everipedia encyclopedia pages.
Ultimately BrainDAO can be used to fund the acquisition or creation of any asset. The decision of what to fund will be made by IQ holders. Every IQ holder will be able to vote on what assets should be acquired. If you’re interested in getting involved in BrainDAO make sure to join the new IQ discord.
To establish and fund BrainDAO there is a proposal to mint 750 million IQ to be used over the next two years to build out BrainDAO. The LP tokens gained from the sales of IQ bonds on Ethereum and Arbtrum through Olympus Pro will also be held in BrainDAO. BrainDAO will also have long term trading fee revenue from holding these LP tokens. These funds will be used to grow BrainDAO by deploying these funds towards acquiring additional assets. With these funds BrainDAO can begin its mission to bridge the real-world and the Metaverse.
IQ Bonds Expansion
In December, IQ Bonds launched on Olympus Pro, the leading solution for developing long term liquidity. Through Olympus Bonds the IQ protocol has acquired over $500,000 in IQ-ETH LP tokens on Sushiswap giving the IQ token long term liquidity against Ethereum. This increased IQ liquidity with Ethereum will allow the IQ token to grow much faster within the multibillion dollar DeFi 2.0 industry.
The LP tokens that the IQ protocol receive for selling IQ Bonds also entitle the protocol to trading fee revenue from the IQ-ETH pair on SushiSwap. These trading fees can then be directed towards IQ stakers to further incentivize people to get IQ and lock their tokens with HiIQ.
To ensure that the IQ token can continue to grow as a multi-chain DeFi 2.0 token, it is essential for the IQ token to gain liquidity on Ethereum L2 scaling solutions like Arbitrum and Polygon as well as fast growing L1 blockchains like Avalanche.
Last week, IQ Bonds launched on Olympus Pro on Arbitrum. This will allow the IQ token to develop long term liquidity on Arbitrum, one of the fastest growing blockchains. Expect to see more IQ Bonds and initiatives to grow liquidity for the IQ token on Ethereum L2 scaling solutions and the leading layer 1 blockchains.
SOURCE:
Everipedia
