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IQ Monthly News - November 2022
Thu Dec 01 2022
It’s time for the November edition of IQ Monthly News which covers IQ token news, growth, partnerships, and more. The IQ token saw over $1.9 billion in volume this month, BrainDAO introduced the largest-ever update to the IQ token, and IQ holders staked a record 2.1 billion HiIQ. Keep reading to stay up-to-date with IQ token progress.
The demand and liquidity for the IQ token is growing growing rapidly. The IQ token saw over $1.9 billion in volume across centralized and decentralized exchanges including Upbit, Binance, Crypto.com, Fraxswap, and Sushiswap. In November, several outlets including BlockTalks, Phoenix Group, Polygon Daily, and Cryptographic, featured the IQ token as one of the top daily gainers within the Ethereum, Binance, and Polygon ecosystems for its price growth.
IQ holders have staked a record 2.1 billion HiIQ, with the average stakers locking up their tokens for more than 3 years. IQ holders have staked more than 597 million IQ tokens with HiIQ. The APR on HiIQ is currently 224% as of writing. IQ stakers earn both IQ token rewards and have the ability to participate in NFT raffles. This guide explains how to start staking IQ with HiIQ.
BrainDAO introduces the largest-ever update to the IQ token
The IQ token’s new halvening tokenomics model increases the rewards for IQ stakers and early contributors to IQ.wiki over the next 12 months. The model provides higher initial emissions to incentivize early adopters and gradually lowers emissions to ensure long-term sustainability. The IQ stakers who collectively make up BrainDAO voted in favor of the new model with the IQIP-14: New IQ Tokenomics for the New IQ.wiki Platform proposal passing with an overwhelming majority of votes. In addition to providing greater rewards to early adopters, the new model makes the IQ token more sustainable. Every year IQ emissions will halve, sustainably decreasing emissions over time until they dip below 1 IQ minted per month in August of 2050 ensuring that the IQ token’s maximum supply cap of 21 billion tokens is never breached.
The brand new IQ Dashboard includes a wide range of new functionality and information for the IQ token, such as staking, bridging, voting on governance proposals, stats, where to get IQ tokens, the NFT raffles, as well as the assets held by the BrainDAO treasury. BrainDAO now also has a new homepage, braindao.org where more information will be shared on the progress BrainDAO is making in building out the IQ ecosystem.
With the revamp of BrainDAO, new IQ token infrastructure, new tokenomics, and the launch of IQ.wiki, the IQ ecosystem is stronger than ever and ready for a new era of growth and development with a lot more exciting updates in the pipeline to be revealed soon.
In November, IQ.wiki Chief Brain Navin Vethanayagam was interviewed by Liam 'Akiba' Wright of CryptoSlate. They talked about the launch of IQ.wiki and our plan to build the leading crypto knowledge base with the $IQ token.
The $IQ token was featured on Bubblemaps where everyone can visualize the connections between token holders.
IQ.wiki's Director of Business Development Andy Cho joined the Bubblemaps on November 11th for an AMA on the IQ token and IQ.wiki to tell more about the major updates to the IQ token and ecosystem.
This month, everybody interested in the IQ.wiki updates could learn more about the tech behind the platform with IQ.wiki Blockchain Developer Justin Castillo and Director of Biz Dev. Andy Cho in the Twitter Space with Chainstack. Hosted by Matthew Krak, this Twitter Space covered how we work on bridging the Web3 knowledge gap.
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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