Launching the IOEN Staking Platform

Internet of Energy Network
Internet of Energy Network
4 min readOct 8, 2021

Working with Kaizen Finance, we are happy to announce we have an immediate staking mechanism to provide the purchasers of early public sale IOEN tokens instant access to staking and 100% APY for up to 3 months when staked.

Stake your $IOEN!

An IDO with benefits

Working with Kaizen Finance, we are happy to announce we have an immediate staking mechanism to provide the purchasers of IOEN tokens instant access to staking and 100% APY for up to 3 months . We’re excited to bring this to the public sale community; it is the first-ever token lifecycle management platform. More than that, it supports the fundamentals of IOEN: the ability to stake tokens for governance, the creation of IOEC local credits, and the bootstrapping of the network.

All tokens sold during the IOEN IDO will be sIOEN tokens (Staked-IOEN tokens), with some IOEN being released to golden ticket holders on IDO launchpads.

Once you receive your sIOEN tokens, you can stake your tokens on the IOEN website (https://ido.ioen.tech/) and immediately begin earning rewards. Should you wish, you can also at this stage unlock 30% of your tokens at launch, to get instant liquidity in the form of IOEN tokens.

Why are we implementing this?

We have had a lot of interest in purchasing IOEN. This is great. This staking model enables our community to get instant benefits for holding and staking IOEN tokens. All tokens sold during the IOEN IDO will be sIOEN tokens. These public sale tokens are rewarded with attractive APY through staking. We will also be unlocking our community tiered discounts (as seen in our tokenomics model) earlier than expected, to benefit our community immediately. This model enables the IOEN early community to have guaranteed benefits, be part of an exclusive community, and benefit the most from IOEN.

How it Works

If you participate in the IDO, then when you have your tokens, you have to take some specific steps. Here we cover the big picture of what you need to do.

Once you receive your sIOEN tokens, you need to stake your tokens on the IOEN website (https://ido.ioen.tech/) and immediately begin earning rewards. Should you wish, you can also at this stage unlock 30% of your tokens at launch (with the remaining 70% vesting over three months), to get instant liquidity in the form of IOEN tokens.

This is the staking model that all public sale tokens will be part of.

Staking your tokens!

What the experience will be like for you:

  1. Following the IDO, you will receive 100% of your sIOEN tokens.
  2. Your sIOEN tokens will go to your designated digital wallet.
  3. Then connect your wallet to the IOEN Website (https://ido.ioen.tech/) where you’ll be able to stake you sIOEN tokens.
  4. Once you have staked your sIOEN tokens then you start receiving APY and exclusive benefits.
  5. To receive maximum APY you need to stake 100% of your tokens.

Alternatively, on the IOEN website you can fully unlock 30% of your tokens and the remaining 70% will vest over three months, however you won’t have access to maximum APY nor exclusive benefits.

Note we will shortly be providing a detailed step by step instructional article on Medium with infographics on how to complete this process easily and seamlessly. Stay tuned!

$IOEN Staking Demo

The Benefits of Staking IOEN

The IOEN staking programme gives you exclusive benefits post-IDO which are part of our fundamental roadmap for delivering the IOEN network. Staking Programme details:

  • 100% APY up to three months.
  • Unlock after 3 months or keep within the ecosystem, and stake to support new clean energy microgrids worldwide and open up governance opportunity over the emerging IOEN DAO.
  • Immediate access to exchange these coins, send them to third parties, sell them on the IOEN DEX.

sIOEN token holder rewards and bonuses:

  • Access to exclusive IOEN benefits, including:
  • VIP NFT drops, including the ability to co-create an NFT, with your name coded into the metadata.
  • VIP IOEN merchandise.
  • IOEN Forum (open forum with the founders to develop and deliver IOEN virtual microgrids.
  • Early access to the upcoming RedGrid App with access to tiered discounts and bootstrap the network.
  • Exclusive first access to our DeFi partner benefits.

Benefits to the community:

  • Immediate staking and access to guaranteed returns.
  • Access to exclusive opportunities in the IOEN ecosystem and with IOEN partners.
  • All locked tokens will have liquidity that can trade them on the DEX service on the IOEN webpage.
  • After 3 months the locked sIOEN for the user becomes claimable as regular IOEN which they can take away and trade outside of the IOEN website on GATE or Uniswap as they wish.

We will have an upcoming article soon outlining the details regarding how you stake sIOEN tokens, and unlock IOEN tokens at launch.

Follow us below to catch all updates:

Twitter | LinkedIn | Telegram Chat | Telegram ANN | Medium | Website

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Internet of Energy Network
Internet of Energy Network

IOEN is an interconnected system of virtual microgrids that facilitates transactions within & between local energy ecosystems powered by Holochain.