What is sIOEN (Stakable-IOEN)?
Note: psIOEN is the Polygon chain sIOEN token. If you have psIOEN tokens in your wallet this is correct. Read our staking guide here for more information on how to stake sIOEN and psIOEN.
So what is it?
Stakable IOEN (sIOEN) is the specially issued version of the IOEN token that earns 100% APY, through the IOEN portal at https://ido.ioen.tech/.
During IOEN’s dual-IDO, early purchasers will receive sIOEN tokens.
Stakable-IOEN tokens become fully unlocked after 3-months, and are converted into the liquid IOEN token, which can be bought and sold on centralized and decentralized exchanges. The sIOEN token staking will commence immediately following IDO, through the IOEN staking portal at https://ido.ioen.tech/. For more details on how to stake your sIOEN tokens follow our Medium, we’ll be releasing an article on this soon.
Token holders must stake their locked sIOEN tokens through the IOEN website, in order to receive staking benefits.
Immediate Benefits
Rewards for staking 100% of your token holdings
- 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 for bootstrap the network.
- Exclusive first access to our DeFi partner benefits.
The staking of tokens and periodic unlocks reduce the initial circulating token supply, and creates a predictable release of the IOEN token’s supply during the early stages post-IDO.
We’ll soon be releasing an article on how to stake your sIOEN tokens. To get that as soon as it launches, follow us on Medium.
About IOEN
IOEN is the underlying fabric that unlocks virtual microgrid capabilities.
Using blockchain and Holochain technology, IOEN enables homes anywhere to function together as an intelligent, cooperative electricity system. By connecting homes in this way, they become a local, virtual energy microgrid.
Any energy device, whether generation devices like solar panel systems, storage devices like batteries, or consumption devices like household appliances can be connected within the microgrid network. Together, they coordinate energy effectively, creating a secure, reliable, and scalable microgrid that unlocks the opportunity for more renewable energy within the local network.
Clean energy microgrids are the future of energy everywhere. IOEN’s mission is to create and deliver digital infrastructure through blockchain and Holochain technologies that accelerate this transition for everyone.
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