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Kaizen.Finance Helps IOEN to Reach $160M Market Capitalization
IOEN, a community-driven network that enables connection and value exchange between any energy device, user, or market, successfully issued the token with the help of Kaizen.Finance, which led to an increase in market cap from $20M to $160M.
The first of two IDOs was held on TrustSwap on October 8, the second one – on TrustPad on October 11. Both IDO's were followed by the IOEN token listing on Uniswap and Quickswap DEXs, which took place on October 14.
During the IOEN listing, the token price started at $0.025 and got 11X. Then the price stabilized at 3X, followed by a substantial rise. Steady growth in the token price, clever work with the community, and a well-thought-
Based on blockchain and Holochain technology, IOEN solves the problem of intensive energy consumption, encouraging households worldwide to develop virtual microgrids. Holochain is an open-source, peer-to-peer network that makes homes connected via the IOEN protocol work together, utilizing energy in the most cost-efficient way and creating opportunities to use renewable energy in local energy networks more effectively.
Kaizen.Finance enables the trading of collateralized tokens. Collateralized tokens are the assets that reflect the value of project tokens that users purchase on the platform. Collateralized tokens can be sold, transferred, staked, and exchanged.
"We were really excited to work with Kaizen.Finance as we did our IDO and our listing. Kaizen.Finance speaks to security, it speaks to longevity, and to how we're going to build a token that has a real value in the future," Adam Bumpus, CEO of IOEN.
Due to carefully designed staking, vesting, and distribution schedule, Kaizen was able to balance two things: the long-term stability of the IOEN token and the natural desire of investors to realize their gain. IOEN token buyers could unlock their collateralized IOEN tokens, stake them, and get immediate income using this distribution model.
In such a way, Kaizen could eliminate the price pressure and give the IOEN token holders assurance that there will be no sell-off and price dump once the tokens are dispensed into the investor's wallets.