IQ Monthly News - November 2023

Tue Dec 05 2023

It’s time for the November edition of IQ Monthly News which covers IQ token news, partnerships, and more. On November 1, we released IQ v3, the largest update to the IQ ecosystem. However that’s not all in November, IQ.wiki wrote the definition for AI Coins, we met the Brains behind IQ v3, learned more about IQ Code, and IQ.wiki spoke at Thailand Blockchain Week & Hong Kong Fintech Week.

IQ v3 Launch

On November 1, we released IQ v3, an update and vision document that outlines BrainDAO’s plan for growing the IQ ecosystem by further integrating artificial intelligence. We will be expanding IQ.wiki and IQ GPT as well as launching new products like IQ Code, the first AI tool for coding for blockchain languages like Solidity and Vyper, and IQ.social, the first AI-powered hub for crypto news which is already live. Learn more with our blog post. In this report, we delve deeper into the tokenomics update and the upcoming launch of IQ Code.

Tokenomics Update

As a part of IQ v3, the team behind IQ.wiki shared enhanced tokenomics. BrainDAO proposed using the halvening model like Bitcoin and FXS which provides higher initial emissions to incentivize early adopters and gradually lowers emissions to ensure long-term sustainability. IQ’s halvening model where emissions halve every 12 months is ideal for the IQ ecosystem with the launch of the new products since it heavily incentivizes early adoption and rapid growth. The model has been designed after the Bitcoin and Ethereum halvening model which has shown to work efficiently. The first IQ halvening occurred in November 2023.

Along with the IQ token halvening, the team proposed to further reduce IQ token inflation going towards the TWAMM. IQIP-18, the Inflation Reduction Act passed with a record 1.3 billion HiIQ votes in favor of the proposal, which is now implemented and further reduces IQ token inflation. This reduction brings the daily allocation down from its current level of 2,166,667 IQ, following the halving, to 2,000,000 IQ per day. The halving model guarantees that IQ token inflation will halve each year, ensuring that the total supply of IQ remains below the 21 billion IQ token cap.

Introducing IQ Code: The First AI Model for Smart Contracts

IQ Code will be the first AI model for smart contracts and is set to launch in 2024. Users will be able to generate code using AI, with clear explanations. IQ Code is specifically designed for coding smart contracts and can be used for auditing, vulnerability reports, and faster development.

Here is IQ Code being used to audit and find vulnerabilities in smart contracts. IQ Code scans the code and also provides updated contracts for suggestions.

For more information and examples of IQ Code in action check out this thread.

IQ writes the definition for AI Coins

In November, IQ.wiki wrote the definition for AI Coins. Our definition was published by CoinMarketCap and included the IQ token as a key example of an AI Coin. Our tweet about the definition of AI Coins received over 40,000 impressions. The article explains what AI Coins are and why they matter. It also compares the differences and similarities between AI Coins and traditional tokens. For a more in-depth look at the AI Coins check out our wiki on AI Coins.

Meet the Brains Behind IQ v3

It’s time to meet the brains from BrainDAO who are building IQ v3. BrainDAO manages the development of the IQ ecosystem employing AI engineers, a product team, content editors, management, and a growth team.

BrainDAO is led by Galaxy Brain, Navin Vethanayagam, who worked on the launch of the IQ token in 2018 and led the launch of HiIQ, IQ.wiki, IQ GPT, and IQ v3. Navin was quoted by CoinDesk in a piece about the launch of IQ v3 and has been interviewed by the Crypto Coin Show, Show Me The Crypto, and CryptoSlate on the IQ ecosystem.

Cesar Rodriguez, the Chief Tinkerer Officer of BrainDAO, leads all of the technical aspects of BrainDAO. Cesar led the development of IQGPT.com, IQ.wiki, and IQ.social as well as the upcoming IQ Code. Cesar has done it all with experience in ROS, robotics, Solidity, C++, blockchain, software architecture, data mining, big data, PHP, product development, project management, A/B testing, conversion, SOLID OOP, scalability engineering and tuning, and analytics.

Andy Cho first joined BrainDAO as the company’s Director of Communications in South Korea in 2018. After several years of managing key exchange and partner relationships in Korea, he was promoted to BrainMaxi in 2022. Andy also attends all major events based in Asia and recently spoke at Hong Kong Fintech Week & Thailand Blockchain Week in 2023.

The Content Team is led by Violeta Ziborova, who manages all of IQ.wiki and IQ.social's content. They create and edit thousands of encyclopedia articles covering everything from founders like Vitalik Buterin to NFTs like Pudgy Penguins and complex DeFi topics like TWAMMs.

Learn more in our blog post.

IOTA Co-founder Uses IQ.wiki as a Reference

In November, one of the IOTA blockchain co-founders, Sergey Ivancheglo used his IQ.wiki page in an X.com response to explain who he is. In his post, Ivancheglo provided more information on one of his projects called Qubic and added a reference to his wiki page for those who would like to learn more about his crypto journey. IQ.wiki is the best place to learn about crypto founders with the first real-time ranking of the most influential cryptocurrency founders based on the market cap of the cryptocurrencies they founded. The ranking combines in-depth wikis on founders of the top 100 cryptocurrencies as well as wikis about cryptocurrencies themselves and respective blockchains with real-time data of the projects’ market caps. Expect to hear more about the ranking in December.

Runpod vLLM Worker Launch

The BrainDAO team is continuing to build on IQ Code and has introduced the Runpod vLLM Worker, an open-source solution for fine-tuning and training models, including smart contracts. This serverless infrastructure ensures cost savings by only charging for active server seconds. With GPU costs rising in AI, Runpod provides a cost-effective and dynamic solution for executing Python code and running large language models (LLMs). It leverages vLLM that supports a variety of LLMs, including Llama2, Mistral, Falcon, StarCoder, BLOOM, and more.

Get started with your own deployment on Runpod and join the future of scalable, efficient AI. Check out the project on GitHub.

IQ.wiki at Thailand Blockchain Week & Hong Kong Fintech Week

Andy Cho, IQ.wiki Director of Business Development spoke about DeFi, blockchain technology, and the IQ ecosystem at Thailand Blockchain Week & Hong Kong Fintech Week. He was on several panels, including sessions on The Future of DeFi, The Next Step in DeFi Development, and AI & Blockchain Integrations. He joined DegenClan3rdMeetup, organized by FWX Finance, and gave a presentation at Hong Kong Web3 Month with the Hailstone Labs team.

About IQ

The IQ token is a cryptocurrency dedicated to building a more intelligent future through artificial intelligence and blockchain technology. The IQ token powers a knowledge ecosystem including applications such as IQ.wiki, the world's largest cryptocurrency and blockchain encyclopedia, IQ GPT, the AI-powered assistant for cryptocurrency and blockchain, and IQ.social, an AI-powered social forum governed by IQ holders that summarizes crypto-related news. IQ.wiki integrates AI for tasks including summarizing wiki articles. The token is governed by BrainDAO which also includes BrainDAO's treasury of digital assets.

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