Internet of Energy Network

Internet of Energy Network

IOEN
$0.003122763%4.58

Key Metrics

Price$0.003122763
Real Volume (24H)$20,345.97
Marketcap$990,076.64
Fully Diluted Valuation$7,830,963
ATH$0.442968
ATH Date11/16/2021, 12:44:19 AM
ATL$0.00139733
ATL Date11/14/2022, 3:24:27 AM
Circulating SupplyN/A
Total Supply110M
WebsiteN/A
WhitepaperN/A
Popularity Rank2365
Chart
What is Internet of Energy Network?

Internet of Energy Network (IOEN) is a decentralized community-driven platform built on the Holochain network. Its primary objective is to accelerate the transition to a clean energy future by interconnecting mini-grids and creating digital infrastructure using blockchain technology.

IOEN leverages the Holochain framework, an open-source technology that enables secure and reliable peer-to-peer transactions. The platform allows transactions within and between mini-grids, from appliance and consumption level to storage and generation. It coordinates with microgrid and ecosystem financing, offering governance, support, and fostering the community with various initiatives.

According to the IOEN whitepaper, the platform aims to use a fixed supply model, with DeFi liquidity pool, monitoring active address, rewards from staking, stimulating, and redistributing rewards as objectives of the IOEN treasury pool. Traders can access IOEN by locking ERC-20 tokens and, in turn, obtain membership that provides energy credit.

IOEN is a decentralized nonrefundable functional utility token used as a medium of exchange between the users on the IOEN platform. The token combines macroDAO with miniDAO, which are automated organizations that establish the ‘rule of the game’ tailored by each individual, micro, and mini grid project.

The IOEN platform seeks to launch in early October with a team of twelve members contributing to the launch. The platform's cofounders include Adams Bumpus, Simon Wilson, Alex Evans, and Mike Gamble.

The IOEN protocol aims to accelerate the transition to a clean energy future by interconnecting mini-grids and creating digital infrastructure through blockchain technology. The platform offers numerous initiatives, templates, examples, and support that users can implement in real-life energy solutions. IOEN follows the standards of ERC-20 token, which defines how tokens are transferred between traders and how they can access data.

IOEN offers governance, support, and fosters the community with various initiatives, such as coordination with microgrid and ecosystem financing. The IOEN protocol has objectives of DeFi liquidity pool, monitoring active address, rewards from staking, stimulating, and redistributing rewards as objectives of the IOEN treasury pool. The liquidity pools are crowdsourced pools of cryptocurrency locked in the smart contract.

In summary, the Internet of Energy Network (IOEN) is a decentralized platform built on the Holochain network that aims to accelerate the transition to a clean energy future. The platform offers a range of initiatives and support, enabling transactions within and between mini-grids. IOEN follows ERC-20 token standards, and traders can obtain IOEN by locking ERC-20 tokens and accessing membership that provides energy credit. The platform seeks to launch in early October with a team of twelve members contributing to the launch.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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