Building the Future of DeFi and Energy
The world is changing faster than ever, with sectors technology, energy, and finance facing massive disruption. In the last decade or so, the challenges humanity faces and subsequently our priorities have drastically changed. However, the one significant aspect that remains common in this decade is access to renewable, clean, and affordable energy.
One of the top aims included in the sustainable development goals by the UN is to ensure access to affordable, reliable, sustainable and modern energy. To address the energy goals, IOEN enables innovative technological solutions to support a new way of economic development through clean energy for all.
The Internet of Energy Network (IOEN, pronounced “ion”) intends to usher in a new energy economy that augments renewable energy available in the grid and provides affordable, clean energy. IOEN’s mission is to support the development and interconnection of minigrids worldwide by providing the finance, open-source support appliances, and integration aptitudes to allow agent-centric minigrids to surface.
IOEN — The Future of DeFi and Energy
As the world experiences unaccustomed climate changes, the need for more energy rises each day. IOEN technology essentially counters climate changes through new digital currency and open-source protocols to revolutionise energy production and consumption.
The technological solution of IOEN connects energy transactions from the micro to macro level. It integrates and enables the technological solution at the appliance level to energy generation, storage, and consumption. Furthermore, leveraging DeFi solutions, it facilitates an infrastructure for people to contribute to the network and seek financial benefits for themselves as well as the community.
Making it Work at Local Level
The IOEN token leverages the best of blockchain and Holochain technologies to support grid needs locally and globally, enabling financing and then the rapid exchange of energy value across devices, such as washing machines and air conditioners, required to balance their energy use to support grid stability.
Contrary to other up and coming energy foundations that cater to existing large energy infrastructure companies through substantial membership fees, or bureaucratic structures, IOEN allows everyone to participate. Furthermore, it incentivises the entire system by rewarding active participation and supporting the integration of cheap, clean, renewable energy.
IOEN has been designed from the ground up to take advantage of many of these DeFi currency mechanisms, including staking and mutual credit. The top layer token, IOEN, pronounced ‘ion’, unlocks value transfer between minigrid applications. By staking IOEN tokens through a mobile application, users can directly participate in the funding of local minigrids.
Leveraging Holochain mutual credit, IOEN facilitates micro-transaction yield farming and DeFi integrations for individuals as well as the community to benefit as a whole.
The entire IOEN ecosystem is supported by a decentralised autonomous organisation (DAO) and a network of DAOs to enable decentralization, permissionless architecture, and value-centric design for all network participants.
Partnerships in the Old World and the New
The IOEN team constitutes experts from web 3.0 space, payments and settlements, cybersecurity, digital grid development, and international energy finance. The tech is being integrated and deployed in real projects with government-funded grants, property developers, and minigrid developments.
In addition to this, we have also partnered with prominent DeFi protocols to facilitate a wide array of financial services and enable benefits to the participants. The collective goal of these partnerships is to bring 100% clean energy in crypto mining, liquidity pooling, micro yield farming, and cross-chain applications.
The entire ecosystem acts in a mutually inclusive circle integrating technological solutions to enable financial benefits and leverage financial advantages with DeFi opportunities.
It is certain that we live in exciting times and using advanced technological solutions we, as human potential, have the momentum to create a new energy economy for the world. We are launching soon!
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