IOEN’s Circulating Supply

​​Here at IOEN we’re always searching for the best ways to stay ahead of the industry and remain as open as possible. We’ve noticed in our community there’s some confusion surrounding our circulating supply. We are extremely busy at the moment to bring you the first iteration of our protocol, but we feel it’s important to remain as transparent as possible with our great community. A lot of the confusion is as a result of third parties reporting our circulating supply for us, and it’s at times difficult to have these figures updated, but we’re working hard with them to make sure the correct information is publicly displayed.

This article will outline the first 12 months of our circulating supply.

While we build out the backbone of the new tokenized energy ecosystem, over the months and years to come, our circulating supply will increase each month as per our initial ERC-20 contract. This increase of supply occurs on the 12th of each month. At the token generation event last October, there were 58,500,000 tokens formed the base of our supply, accounting for 5.85% of the total supply. In November 2021, this increased to 94,595,085 tokens, before increasing to 130,690,171 in mid December.

Our current circulating supply is at 180,785,256, increasing from December’s figures on the 12th of January. If you head to CoinMarketCap and hover your mouse pointer over the Market Cap information, you’ll see that our ‘self reported’ circulating supply is accurate. We’re working hard to have this verified with CoinMarketCap.

The next update occurs on the 11th of February, and will increase IOEN’s circulating supply to 216,880,342. This will amount to 21.69% of our total supply. Each month, these increases affect the market cap of IOEN in total, since our circulating supply increases. Market cap is the total market value of a token’s circulating supply, and it’s analogous to the free-float capitalization in the stock market. You can calculate the market cap using this simple equation: Market Cap = Current Price x Circulating Supply.

In March, the supply figures will be updated as more IOEN is unlocked as per the smart contract. The total will equal 252,975,427.

12th of April will mean that IOEN’s supply total will increase to 304,108,107.

On 12th of May 2022 IOEN’s circulating supply will increase to 355,240,786.

In June 2022, our circulating supply will amount to 406,373,466. This will increase to 457,506,145 in July, before increasing to 508,638,825 in August. In September the IOEN supply will increase to 559,771,504.

For October, November and December 2022, the supply will equal 610,904,184, 645,310,673 and 667,024,854 respectively.

We hope this clears up any of the details surrounding our circulating supply. We’ll provide an update as we get closer to 2023 as to the new schedule.

Climate change is here and an ever-increasing problem for society. The earth is warming up, sea levels are rising, and extreme weather is impacting our electricity grids. We’re on our way towards our goal of creating a system where energy is transferred as efficiently as possible using our underlying technology.

We’re so excited for what we have in store for 2022 and beyond! Stay tuned!

Act Local, Think Global

IOEN is the next generation of digital energy management and optimisation technology. IOEN tech enables an interconnected system of virtual microgrids that facilitate transactions within and between local energy ecosystems: from the appliance level to energy generation, storage, and consumption.

We are the backbone of the new tokenised energy ecosystem, building out the global clean energy ecosystem wherever you are, device by device.

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