IQ Holders Achieve a Milestone of 1 Billion IQ locked with HiIQ

Wed Apr 26 2023

IQ holders have locked up a record 1 Billion IQ! HiIQ has grown exponentially within the past few months with the implementation of the new tokenomics further incentivize early adopters with greater IQ incentives. To mark the occasion BrainDAO is looking into working with community to create a new raffle event for HiIQ.

Back in November 2022, IQ announced the IQ token’s new halvening tokenomics model which triples the reward emissions for HiIQ holders. This model provides higher initial emissions to incentivize early adopters and gradually lowers emissions to ensure long-term sustainability. 

HiIQ was created to incentivize IQ holders to become long-term holders who lock up their IQ tokens. The HiIQ system allows IQ holders to choose how long they want to lock up their IQ, the more IQ and the longer users lock up their IQ for the greater the incentivization. Most importantly, HiIQ holders will be able to determine IQ.wiki’s course of action in the future by participating in governance.

This news comes at a perfect time as the IQ ecosystem has upgraded from OpenAI's GPT-3 model to the latest GPT-4 model, enhancing IQ.wiki, the world's largest blockchain encyclopedia. With this upgrade, IQ.wiki now uses the most advanced AI technology available. You can watch GPT-4 summarize an in-depth IQ.wiki page on the Ethereum Name Service in seconds.

BrainDAO is now focused on building more AI tools for the crypto community, developing its own AI by training its LLM with wiki articles on IQ.wiki to improve the quality of summaries further. In addition, BrainDAO is exploring several AI use cases within the IQ ecosystem, such as translating articles into different languages, identifying potential trending topics, and editing wiki articles for spelling and grammar.  This would break down barriers and make it much easier for editors to collaborate and share knowledge about the blockchain space. AI will be a key instrumental tool in scaling IQ.wiki and increasing the IQ token's utility.

One of BrainDAO's main objectives will be to integrate AI into the IQ.wiki platform and develop a system around training artificial intelligence. By offering IQ token rewards for contributions to the IQ.wiki encyclopedia, BrainDAO can incentivize the testing and development of AI. Stay tuned for more details on BrainDAO's plans!

Additionally, BrainDAO now has over 2700 ETH staked through Frax Finance’s LSD. This will bring revenue to BrainDAO as all profits generated from Frax Ether validators are distributed to sfrxETH holders like BrainDAO. The BrainDAO treasury continues to grow its war chest as it now has over $16 million in total assets as of writing. The IQ token is backed by the BrainDAO treasury and the treasury is fully governed by HiIQ holders. BrainDAO holds a diversified portfolio of IQ tokens, Ethereum, stablecoins, blue chip NFTs, and other assets.

About IQ

The IQ token powers a knowledge ecosystem including applications such as IQ.wiki, the world's largest cryptocurrency and blockchain encyclopedia. IQ is a DeFi and governance token with native staking enabled through HiIQ. The token is governed by BrainDAO which also includes BrainDAO's treasury of digital assets.

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