IOEN are launching on TrustPad!
The Internet of Energy Network is coming to TrustPad on the 13 October; listing on the 14 October
Crypto and energy have had a love-hate relationship over the last ten years. One of the biggest controversies in crypto and energy is how much energy is consumed to mine cryptocurrency.
But one fundamental problem remains: how crypto as a virtual system can be easily integrated into complex physical systems of energy. It seems the problem is not peer-to-peer, and it’s not generation, it’s integration — the reason why clean energy is the cheapest energy source, but still used sparsely.
The standard approach to the integration of new energy assets won’t cut it, especially as a new wave of energy innovations is arriving. But a new protocol promises to bring the advances in DeFi and mutual credit to change the way we finance, integrate, and proliferate clean energy.
The Internet of Energy Network (IOEN — pronounced “ion”), a community-driven network aiming to build a new energy economy powered by blockchain and Holochain, is being launched to rewrite the crypto-energy story and provide the future of energy.
IOEN’s mission is to create a digital infrastructure for clean energy powered by virtual microgrids and help achieve the goal of reaching global net-zero carbon emissions by 2030.
IOEN brings a unique approach to use token utility to bootstrap multiple virtual microgrids around the world, building device by device. Their Proof of Balance model rewards users for taking energy actions and connecting their devices to others, working like bees in a hive to accomplish grid stability and clean energy integration.
Working with UN award-winning clients and delivering projects, IOEN’s backing organisation, RedGrid, has delivered the technology interfaces to power the network and rolling out the initial parts of the network. Their team includes international leaders in blockchain, electrical engineering, and carbon finance, and now they are bringing the network to life as they launch the IOEN token, bridging energy optimisation, integration, DeFi, and NFTs.
IOEN IDO Details on Trustpad
Network: claimable on Ethereum; raise will be in BUSD on BSC
Total supply: 1,000,000,000 IOEN
Initial Market Cap: $150,000
Listing price: $0.025
TrustPad Sale date: 13 October 2021
TrustPad Allocation: $250k
IDO Price: $0.025
Vesting: 100% distributed at TGE
UniSwap listing date: 14 October 2021
Read the IOEN announcement here:
Join the IOEN community
How to participate with TrustPad
Check out the pool page here: https://trustpad.io/pool/IOEN
TrustPad uses a Levels system to determine the amount of guaranteed allocation a participant is entitled to. These levels start from 15k TPAD being staked in the IDO staking pool and go up to 185k TPAD. The multiple assigned to each level calculates how much allocation is provided per a base allocation, which is set once the registration period closes shortly before the start of the raise.
There are also lower lottery levels, starting from 3k TPAD which give you a much higher chance of obtaining an allocation when compared to the public whitelist.
You can review and stake into the Levels via the link below.
The TrustPad site also has a ‘Buy TPAD’ button at the top which will send you to PancakeSwap to swap for TPAD. The UI of PCS sometimes doesn’t feed through the contract code, so manually searching is often required.
You may need to manually search for the TPAD contract: 0xADCFC6bf853a0a8ad7f9Ff4244140D10cf01363C
If this is these case, click on ‘Select a currency’ and manually input the contract code to the search bar, then select ‘TPAD’ once it pops up.
Staking TPAD to access the IDO
Once you’ve got some TPAD in your wallet, stake in https://trustpad.io/levels by completing the following steps:
- Approve the interaction
- Stake number of TPAD you want to stake
Once the pool page opens for IOEN, make sure to register for the IDO so you get your spot secured.
LP Staking access
You can also access the IDO by staking in the LP staking pool which can be found here: https://trustpad.io/staking
The Level you achieve can also be seen on the Levels page noted above once you have staked.
Registering for the IDO
As mentioned, you will need to register for the IDO to be eligible. To do so, make sure to register on the IOEN pool page:
Participating in the IDO
Once the raise is live, guaranteed allocation round will last approximately 8 hours, followed by an FCFS round which is only for TPAD stakers and whitelisted wallets. You need to complete two steps to participate:
- Head to https://trustpad.io/pool/IOEN
- Approve interaction
- Send BUSD
The public whitelist is where non-TPAD stakers get the chance to participate in the IDO. Recently there have been over 250,000 participants and over 22m entries in the whitelist, meaning that if you just stake 2k TPAD and register you will be greatly increasing your chances.
The link for the public whitelist will be shared here once it is live, as well as on official channels.
TrustPad has been founded to aid the growth of the blockchain ecosystem in a safe and sustainable way. TrustPad is proudly partnered with tokenova, Lupa X, GD10 Ventures, BlockSync Ventures, X21 Digital, Meridian Capital, Wealth Union, Twin Apex Capital and 4SV.
TrustPad is different to other launchpads. A ‘quality not quantity’ approach ensures that projects launched through TrustPad have real long term value. This will provide the TrustPad community with sustainable development, attracting a larger community for both $TPAD and the projects launched on the platform.