Everipedia is a blockchain version of Wikipedia. Founded by Sam Kazemian and Theodor Forselius from their UCLA dorm room in late 2014, the project received initial funding from the Mucker Lab. Larry Sanger, the co-founder of Wikipedia, joined Everipedia as Chief Information Officer in December 2017 and spearheaded its blockchain initiative. The project received another $30 million from Mike Novogratz’ Galaxy Digital Fund in February 2018, and Everipedia currently sits just outside the top 100 on Coinmarketcap.
Everipedia is run on the EOS platform. This is notable in that EOS has a strong user base in Korea, and South Korea accounts for the highest trading volumes of any country in the world. This built-in following is a huge advantage for Everipedia as it moves forward in the highly competitive crypto space.
Everipedia announced at a meetup in Korea in January 2018 plans to “airdrop” tokens onto EOS’s distribution list. Back then this was a relatively novel concept, but the airdrop ultimately proved to be a huge success and helped Everipedia cast a much wider net of users. Currently 95% of the coin’s trading activity occurs on Korea-based Upbit exchange, a fact aided in no small part by the distribution from the airdrop.
Anybody can post articles to Everipedia, but users have to stake a certain amount of IQ tokens in order to do so. The community then votes to approve or disapprove each submission, and if approved, the user gets his or her staked coins back plus some additional bonus tokens. If the submission is rejected, the user loses his or her staked coins and doesn’t get any bonus tokens.
Local Los Angeles Project
The project is based in Santa Monica, and as mentioned above, its founders went to UCLA. Many of the articles Everipedia highlights on its Twitter page feature prominent Los Angeles businessmen, crypto personalities, politicians and journalists, in addition to some local restaurants and hotspots. For anyone looking to support a blockchain project with a very LA feel, Everipedia is the one.
I recently had the pleasure of meeting the Everipedia team at a conference, and I can honestly say it’s a great group of guys. Each team member adds something unique to the project, and in a crypto space where teams are often difficult to work with, Everipedia is a breath of fresh air. I hope and fully expect the team to join me speaking at the CryptoBlockCon conference in Las Vegas on December 11thand 12th.
Conclusion: Great Product + Great Investment
All in all, Everipedia is a great project with tremendous potential as a long-term investment. I own a position myself, and I recommend everyone else looks into the doing the same.