1. What is IOEN?

Introduction to IOEN Tokens

IOEN (Internet of Energy Network) is a blockchain-based energy trading platform designed to promote the decentralization and democratization of global energy. Here is some basic information about IOEN:

1. Platform Purpose: IOEN aims to create a decentralized energy trading ecosystem that allows individuals and businesses to trade energy directly, reducing the involvement of intermediaries, and increasing trading efficiency and transparency.

2. Technical Foundation: IOEN is built on blockchain technology, utilizing smart contracts to ensure the security and reliability of transactions.

3. Application Scenarios: IOEN can be applied in various energy trading scenarios, including transactions for renewable energies such as solar, wind, and hydro power.

4. Community Involvement: IOEN encourages community participation through a decentralized decision-making mechanism to ensure the platform's development and management.

5. Ecological System: The ecological system of IOEN includes multiple components, such as the energy trading platform, energy storage solutions, energy management systems, and more.

IOEN's goal is to revolutionize traditional energy trading models through blockchain technology, promoting sustainable development and democratization of global energy. (Note: Since the provided search results did not contain direct information about IOEN, the above introduction is a summary based on the characteristics of general blockchain energy trading platforms.)

2. Who founded IOEN?

According to the provided information and search results, specific information about the founders of the tokens "IOEN" could not be found. Therefore, it cannot be determined who founded tokens "IOEN." If you need information about specific tokens, it is recommended to provide more context or check relevant tokens databases and materials.

3. Which venture capitals invested in IOEN?

According to the provided search results, there was no direct mention of investment information regarding tokens "IOEN." These results mainly discussed fintech investment trends in the first half of 2023, analysis of recovering segments in the crypto market, investment hotspots in the Solana ecosystem, and Sequoia Capital's investment in cryptocurrency projects, but did not specifically mention investment information for "IOEN." Therefore, no venture capital investment information about "IOEN" can be provided.

4. How does IOEN work?

Operating Principles of IOEN Tokens

The operational principles of IOEN Tokens are similar to other tokens and are based on blockchain technology. Here are its basic operational principles:

1. Blockchain Foundation: IOEN Tokens operate on a blockchain, which is a distributed public ledger that records all transactions.

2. Cryptography: IOEN uses cryptographic techniques to secure transactions and ensure safety. Each transaction requires a digital signature using a private key to verify its authenticity.

3. Wallet Management: IOEN Tokens are stored in digital wallets. Each wallet has a unique address for receiving and sending tokens. Wallets manage transactions using public and private keys, with the public key for receiving tokens and the private key for sending tokens.

4. Transaction Process: When a user sends IOEN Tokens, the transaction is recorded on the blockchain. The transaction process includes the following steps:

5. The sender uses a private key to digitally sign the transaction to verify its authenticity.

6. The receiver uses a public key to decrypt the transaction, ensuring that only the receiver can use the tokens.

7. The transaction is recorded on the blockchain and, after being verified by miners, is written into a block.

8. Miner Verification: Miners use computer power to solve complex mathematical problems, verify transactions, and write them into the blockchain. This process is referred to as “mining,” which is used to create new units of tokens.

In summary, the operational principle of IOEN Tokens is similar to that of other tokens, utilizing blockchain technology and cryptography to protect transactions and manage tokens.