In a surprising announcement, Binance, the world’s biggest cryptocurrency exchange, has published a post signaling that they’re adding support for the IQ token. IQ is the native token of Everipedia, a blockchain-based encyclopedia for everything. The IQ token also powers the PredIQt application, which is a decentralized prediction market built by Everipedia.
Just over a week ago, Everipedia published an announcement that they were rebranding and uniting both its decentralized applications (dApps) into the single Everipedia+PredIQt platform. In the same publication, the team disclosed plans of building an all-in-one decentralized finance (DeFi) platform for earning and investing. As well as discussing their intentions to link this platform with all the other reputable blockchains.
Their goal to capture as much value and market share for the Everipedia+PredIQt’s platform seems to be on a fast track. A mere two hours after Binance’s announcement, OKEx, the 4th largest crypto exchange by total daily volume, also announced support for the IQ token. The IQ token more than doubled in price as a result of these developments.
What is even more interesting is that both these exchanges – OKex and Binance – are Block Producers on the EOS blockchain, ranked 4th and 24th respectively, as of writing. This showcases just how valuable exchange BPs can be for the EOS ecosystem, as well as the quality EOS has by attracting such renowned stakeholders into its ecosystem.
The pace at which Everipedia+PredIQt is moving is impressive and it is hitting milestones much quicker than expected. Its native token has officially become the first EOS-based token to be listed on the world’s biggest exchange – Binance. Hopefully, that foreshadows what is to come for other quality EOS(IO) based projects.
What’s your take on these developments and/or Everipedia’s goal to reach out to other blockchains? Please share your thoughts with us in the comments below or on our socials – Twitter, Reddit, Telegram.
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