IQ Protocol is an ecosystem and asset marketplace, aimed at revolutionizing the blockchain gaming experience. It allows for lending, renting, and earning through a variety of digital assets, including NFTs and fungible tokens. The protocol provides a platform for engaging with blockchain-based gaming, social media, and other applications in a decentralized manner​​​.

IQT is the central token within IQ Protocol, used for all transactions including purchases, sales, rentals, and listings. It enables users to stake tokens to unlock new content and functionalities, participate in challenges, and earn rewards. The protocol’s staking mechanism also allows holders to earn a share of the transaction fees generated in the marketplace. This creates a cyclical value accrual where the token's worth is linked to the success of the ecosystem​​​​​​​​​​​​​​.