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IQ Monthly News - August 2022

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Sun Sep 25 2022

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It’s time for the August edition of IQ Monthly News which covers IQ token news, growth, partnerships, and more. BrainApe is up for Licensing on Feature, a leading Web3 studio and NFT licensing platform,  the IQ token reaches over $3 million in Liquidity on Fraxswap, and the 100 5-digit ENS we gave away to HiIQ stakers have more than doubled in value. Keep reading to stay up-to-date with Everipedia progress.

Growth

IQ Stats

The demand and liquidity for the IQ token on both centralized and decentralized exchanges are growing rapidly. DEX demand and liquidity have also grown rapidly with IQ’s yield farming integration with Frax Finance on Fraxswap.

On decentralized exchanges, the IQ token has shown impressive growth in volume with more than $10,000,000 on Fraxswap, and more than $377,000 on Polygon via Fraxswap.

HiIQ Stats

After reaching a new milestone of $3 million in liquidity on Fraxswap confidence in IQ has continued to grow. IQ holders have staked a record 1.5 billion HiIQ, with the majority of stakers locking up their tokens for over 3.5 years. IQ holders have staked more than 417 million IQ tokens with HiIQ. The yield earned over 4 years is currently over 390% as of writing. IQ stakers earn both IQ token rewards and the chance to win NFTs in NFT raffles. This guide explains how to start staking IQ with HiIQ.

BrainApe is up for Licensing on Feature

BrainApe, the Bored Ape who leads BrainDAO and the IQ token, is now up for licensing on feature.io, a leading Web3 studio and licensing platform that has worked with Coinbase, Netflix, and more. BrainApe could soon earn licensing fees for BrainDAO by becoming the star of the next major film franchise, videogame, TV series, clothing brand, or advertising campaign. This would also bring massive exposure to Everipedia and the IQ token. 

“We’re incredibly excited to provide BrainDAO with the opportunity to leverage the licensing rights for their BAYC mascot, BrainApe. We are happy to support BrainDAO as we collectively build the metaverse of the future,” said Feature CEO Steven Ilous.

BrainApe is a brilliant 4T pink fur Ape who is passionate about the pursuit of knowledge. He currently serves as the leader of BrainDAO, a DAO created and controlled by the IQ community and dedicated to bridging the real world and the metaverse and funding the future of knowledge on-chain from art to finance to history. 

Licensing out BrainApe is just the first step in monetizing the intellectual property held by BrainDAO. The IP could also be used to create NFT derivatives and in many other ways to create value for IQ stakers. You may also see this brilliant Bored Ape leading the way for the upcoming new Everipedia site soon.

The IQ token now has over $3 million in Liquidity on Fraxswap

The IQ token has gained over $3 million in liquidity on Fraxswap since listing in June. FraxSwap is the most innovative and capital-efficient Time Weighted Average Market Maker for trustless monetary policy in DeFi.

The APR on Fraxswap currently ranges from around 20%-90% as of writing! Anyone can now earn FXS and IQ token rewards on Fraxswap on Frax Finance by providing liquidity to the FRAX/IQ pair on Fraxswap. 

Here is a guide on how to supply liquidity to the IQ/FRAX pool on Fraxswap. To start earning IQ and FXS rewards, supply liquidity to the IQ-FRAX pair on Fraxswap and then stake the LP tokens here to earn both FXS and IQ tokens as rewards.

100k Club ENS doubles in value after HiIQ Airdrop for IQ Stakers

Back in July, Everipedia raffled off 100 of 100k Club ENS to HiIQ stakers using Chainlink VRF on Polygon. The winners of the largest ENS giveaway in history were announced on the IQ Dashboard and the ENS were distributed out to the winners. In July, the floor price of the 100k Club ENS was 0.02 ETH when we acquired the ENS and hosted a giveaway for the ENS. Last week the floor price doubled to 0.04 ETH it has since tripled to over 0.06 ETH.

Staking IQ tokens with HiIQ is a great way to earn IQ token rewards and enter raffles to win trending NFTs like ENS (Ethereum Name Service). The yield earned over 4 years for HiIQ stakers is over 390% as of writing. The HiIQ staking system allows IQ holders to choose how long they want to lock up their IQ for, the more IQ and 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.

If you haven’t staked IQ with HiIQ already make sure to check out this guide which explains how to get started. 

About IQ

The IQ token is a cryptocurrency dedicated to funding the future of knowledge. The IQ token powers the world’s largest crypto encyclopedia. IQ token holders govern the platform and participate in the growth of the platform through IQ token staking rewards with HiIQ as well as NFT rewards for stakers. The IQ token is also backed by BrainDAO, a treasury composed of IQ tokens, Ethereum, stablecoins, blue chip NFTs, and other assets.

Twitter | Everipedia | IQ Dashboard | Reddit | Discord | Telegram | Governance | Github

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