Binance has launched the latest edition of its Coin of the Month competition in which platform users can vote from a list of candidates to be handed a free – and likely lucrative – listing on the world’s leading cryptocurrency exchange platform.
This month’s candidates are represented by a relatively short list of five contenders – the shortest yet on record, and likely reflecting the current state of the ICO market itself. Those candidates are Byteball, Cortex, Everipedia, Medibloc and GoChain.
Everipedia Free Run?
Previous winners of the competition have tended to correlate with those projects enjoying the highest organic following on Telegram. And judging from that metric alone, the path seems to be clear for Everipedia to be handed a free listing which otherwise can cost anything up to $1 million dollars, according to some sources.
Touted as the “Blockchain’s Wikipedia”, and enjoying backing from Larry Sanger, one of the original two founders of Wikipedia itself, Everipedia is arguably the highest profile project on the list.
Having also received funding to the tune of $30m from a venture capital fund backed by billionaire investor Mike Novogratz, the project is setting out to use a blockchain-based token (IQ) as the basis of a set of reward mechanisms to encourage the contribution and curation of “good and accurate content” to its online encyclopaedia.
The venture, which is hosted on the EOS blockchain, is hoping that this “gamification” of knowledge will address what Sanger has previously called Wikipedia’s broken content model.