Energy DeFi Protocol, IOEN Announces dual-platform IDO As It Gears Up for Major Launch
October 04 2021 - 4:00AM
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The IDO season is not over yet. The past few months we have
witnessed busy days as the crypto community was burdened with
filling whitelisting forms and participating in community
initiatives of upcoming IDO projects. The current state remains the
same. This new DeFi energy project, IOEN, is fully invested in
making a big splash as it gears up for its upcoming IDO. IOEN is
bringing an innovative approach to incentivise the creation of
‘virtual microgrids’ worldwide which will promote the efficient
distribution of energy. IOEN will be launching on two platforms in
October as part of its IDO launch. Double Launch For IOEN In
October The first of these launches is a TrustSwap IDO slated to
begin on the 8th of October. Trustswap is a decentralized protocol
that aims to empower users in making ‘customizable transactions’
both in DeFi and in the cryptocurrency sphere as a whole. Although
it is primarily geared towards enabling smart contract adoption, it
also has a native launchpad that has launched 27 projects so far
according to its website. Despite the fact that most of the
projects listed are by no means crypto household names, they still
seem to have seen relatively decent growth on the launchpad with
one project called ‘Chain Games’ having grown by 10,200% to an
all-time high of $1.03 per coin. Although it has since dropped to a
lower price of $0.1478, it is still almost fourteen times higher
than its initial $0.01 price. Along with the launch on TrustSwap,
there will also be a separate launch on TrustPad, a distinct
platform, and a dedicated launchpad for DeFi projects. TrustPad has
completed 28 launches so far and has three on the way in the coming
week, an admirable number for relatively new projects. The IOEN
Initial DEX Offering will be the next day the listing is yet to be
announced. The project will be running its whitelisting processes
and token holders must comply with the KYC anti-money laundering
measures as a mandate to participate. Bringing an Energy-Utility
Idea in the Blockchain Space IOEN stands for Internet of Energy
Network and is a not-for-profit platform geared towards promoting
the efficient distribution of renewable energy by using smart
contract technology on Holochain. It is made by the creators of
RedGrid, a clean energy technology company that aims at saving
energy by automating household devices to use power when the power
grid is best suited for it, rewarding users with IOEN tokens for
helping stabilise the grid. So far IOEN has seen investments from a
number of significant VC’s including SL2 Capital, Skyman Ventures,
AU21 Capital, Holochain, Maven Capital and notable others. IOEN has
over 16,000 followers on Twitter alone and growing. The project is
currently accelerating its community initiatives and released study
materials including The Internet of Energy Network Currency Paper
in the public domain for members to review and learn. The project
is driving a community-centric mission with a dire motive to revamp
the current modern financial landscape to an energy-friendly one,
reinforcing the aspects of sustainability, thus preserving it for
the future.
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