Energi is a type of self-funded cryptocurrency. Energi’s goal is to offer a self-funded system that will ultimately evolve into a profitable smart contract platform. As such, Energi should be an excellent investment opportunity now and in the future.
Features of the Energi
Many investors may wonder what the ultimate goal of this unique new cryptocurrency is?
The main purpose is to introduce this unique new currency to the world and at the same time build a solid foundation.
A solid foundation is being built by issuing a decent 40% of the total 1 million Energi coins each month into the treasury system.
Current cryptocurrencies only provide 1/4 of this amount. Such as PIVX, Dash and other cryptocurrencies only offer a maximum distribution of 10% to the treasury.
Another important goal is that the treasury is decentralized. Having a decentralized treasury allows master nodes to vote on where they want to receive funds.
The advantage is that Energi can pay contributors and developers, and as it continues to grow, the treasury budget will allow for more collaboration. Increased collaboration leads to growth and positive feedback.
Energi also has a higher inflation rate, and this feature will drive spending and reinvesting.
Energi has a goal to use the full amount of its treasury budget from month to month.
This will be especially true during the first few months as it is created. It will also help identify the higher value activities and all the best participants who will get the most out of the added value of the system versus the cost.
Energi’s philosophy is:
That every dollar that is reinvested in the system should yield a lot more if properly invested in developers, he realizes that it is also important to receive benefits after incorporating the best marketing efforts and utilizing other costs.
Energi is a type of self-funded cryptocurrency.
Energi’s goal is to offer a self-funded system that will ultimately evolve into a profitable smart contract platform. As such, Energi should be an excellent investment opportunity now and in the future.
Many investors may wonder what the ultimate goal of this unique new cryptocurrency is?
The main goal is to introduce this unique new currency to the world and at the same time create a solid foundation.
A solid foundation is being built by issuing a decent 40% of the total 1 million Energi coins each month into the treasury system.
Current cryptocurrencies only provide 1/4 of this amount. Such as PIVX, Dash and other cryptocurrencies only offer a maximum distribution of 10% to the treasury.
Another important goal is that the treasury is decentralized. Having a decentralized treasury allows master nodes to vote on where they want to receive funds.
The advantage is that Energi can pay contributors and developers, and as it continues to grow, the treasury budget will allow for more collaboration. Increased collaboration leads to growth and positive feedback.
Energi also has a higher inflation rate, and this feature will drive spending and reinvesting.
Energi has a goal to use the full amount of its treasury budget from month to month.
This will be especially true during the first few months as it is created. It will also help identify the higher value activities and all the best participants who will get the most out of the added value of the system versus the cost.
Energi’s philosophy is:
That every dollar that is reinvested in the system should yield a lot more if properly invested in developers. He realizes that it is also important to receive benefits after incorporating the best marketing efforts and utilizing other costs.
Who is developing Energy’s cryptocurrency?
Energi is developed by Energi Core, a British Virgin Islands-registered company. Its leadership is hiding under pseudonyms, the CEO of Energi Core is a blogger under the pseudonym TOMMY WORLD POWER.
Energi project management:
Technical features of Energi cryptocurrency
Energy has the following features:
- in the NRG blockchain until February 27, 2018, a combined PoW + PoS consensus algorithm was used. From block 437600, there was a complete transition to the PoS algorithm;
- when building blocks using the PoW algorithm, the EnergiHash algorithm based on Ethash was used;
- the maintenance of a masternode for work on the PoS algorithm requires 10 thousand NRG coins;
- the issue of NRG coins is unlimited and amounts to approximately 1 million coins per month;
- the reward for the found block – 22.8 NRG coins, of which 10% (2.28 NRG) – to the project team, 10% (2.28 NRG) – was transferred to miners (from 27.02.2019 – probably to masternode holders), 40% ( 9.14 NRG) – to masternode holders, 40% (9.14 NRG) – to the development treasury;
- the time between blocks – 1 minute;
- the creation of smart contracts based on Energi does not work yet. The developers plan to implement this option by the end of 2019.
Cryptocurrency mining Energi
From 27.02.2019, it is impossible to mine NRG coins. Currently, Energy Coins can only be earned through a masternode. One way to open an Energy masternode is described in the article “Earning on CITEX with Passive Staking and Masternodes”.
Before this, Energi miner was the official mining program supporting the Energi algorithm.
