Vigor Protocol Partners with Everipedia, Supports IQ Token

News / 23.10.2020

Vigor Protocol has just announced a partnership with Everipedia – the world’s largest decentralized encyclopedia. The partnership has allowed the Vigor Protocol to include Everipedia’s IQ token on its platform as collateral. This is the 4th token to be added as collateral on the protocol. As per the announcement blog post, over 10 million IQ tokens have already been deposited on the protocol within the first 12 hours of the launch.

What is Vigor Protocol?

Vigour Protocol is a decentralized lending and borrowing platform built on EOSIO technology. The project has two native tokens – a stablecoin called VIGOR and a utility token VIG. The platform enables users to borrow its stablecoin VIGOR against EOS native tokens as collateral and vice versa. It also allows users to deposit different tokens as collateral, known as a collateral basket. The platform claims to be an advanced, risk-based financial system that requires far less collateral than other stablecoins compared to Maker DAO and Equilibrium Network.

Everipedia – Decentralized Wiki

Founded in 2014, Everipedia is a fork of Wikipedia. However, in August 2018, the company took the path of decentralization. The company built a peer-to-peer wiki network on top of the EOS blockchain and launched its native IQ token. The token has already been listed on major exchanges, including Binance, Upbit, Bitfinex, and more.

Prediqt by Everipedia

Ever since hopping on EOS blockchain, Everpedia has been getting deep into the blockchain space. The company has also launched Prediqt – an EOS blockchain-based prediction market. It allows users to earn IQ tokens for predicting real-world events. These real-world events are across a range of topics such as politics, finance, sports, crypto, Coronavirus, entertainment, and economics. The Prediqt platform also allows users to create and list an event if it isn’t there already.

The company has recently announced a partnership with the Associated Press to publish US Election 2020 race calls on the EOS blockchain. Everipedia will be making use of Chainlink’s oracle network to publish off-chain election data on the blockchain.

Narender is a digital nomad & crypto writer. He's currently living in this small Himalayan village with a perfect balance of wilderness and an LTE network. His love for Chai and mountains precedes everything. Often wonders about things like, "why $1 earned through leverage feels 100x better than $1 earned selling your time?"