Hi Crypto passionate, welcome to my Energi coin review.
Let’s dive into it.
Energi was conceived by Tommy World Power on the 4th of July 2017 ( which was Independence day in the US) created with a heart of freedom and liberation for humanity.
It was launched through the bear market of 2018, surprisingly Energi continued to grow and expand, at a time where most crypto projects were going down.
In its first year and until the launch, Energi was primarily in a development phase and funded solely by Tommy. No money was raised by outside or public investors.
AND NO ICO
The goal of Energi is to be the most dominant cryptocurrency platform in existence in the coming years.
So How The team of Energi is going to proceed in order to be what they claim to be ?
And the answer is their treasury system.
Energi is self-sufficient and economically-optimized cryptocurrency combined with smart contract capabilities, and decentralized governance. In its design, Energi’s coin emission is used as the primary funding mechanism for fueling its growth, In other words Energi sustain its development by a unique system of distribution.
1000 000 coins are Distributed each month and added to the total supply.
10% of the distribution goes to Stakeholders.
40% of the distribution goes to the masternodes.
10% of the distribution goes to the backbone.
40% of the distribution goes to the treasury.
Energi has evolved from Proof of Work to Proof of Stake and is designed with high staking rewards to encourage security and growth.
10% of the distribution goes to Stakeholders (this 10% represent 100 000 Energi coins with a Roi of 22% return per year which is awesome for a stake Holder).
Masternodes administer governance, security, instant transactions and private transactions over the network as well.
The masternodes maintain the security of the network and got higher rewards for that task, to set up an Energi masternode the user need 10 000 Energi Coins and THE ROI is huge 40% return per year.
Since energi was fully funded by tommy The backbone is made to reward the vision and creation of Energi and to support the entire infrastructure. Any company with strong leadership needs a solid backbone to sustain itself.
Currently the backbone is used for experimental initiatives such as Energimpact which seeks to be one of the leading charity organisation in the world.
The aim of the treasury is to help the core team to scale for ongoing development. The treasury also allows Energi to be more aggressive in their marketing campaign since the aim of Energi is to reach mass adoption.
Energi has a strong foundation based on their Treasury and Masternodes incentive system, their treasury is significantly larger than any other major cryptocurrency
Energi’s treasury is decentralized and Masternodes vote where to direct funds, this allows Energi to pay contributors (Devloppment and Marketing), and as Energi grows, the Treasury budget will grow allowing for more collaboration, leading to more growth.
Their approach is that every dollar they invest in the Energi ecosystem, should yield much more than a dollar of new value added.
In other words, if they invest 1 dollar they need to have more than 1 dollar in return.
The treasury will support thousands of developers leading the way with cutting edge development, while also funding thousands of marketing and business development specialists to expand user awareness and build merchant adoption worldwide.
Energi’s blockchain development team is working on a smart contract platform Energi 3.0 to further drive, network effects that will support global adoption.
Now let See what Energi has achieved so far.
The emission of NRG coin was done as well as the allocations to Miners, Masternodes, and the Treasury along with other fundamental designs.
Implementation of EnergiHash (ASIC-resistant hashing algorithm). And they also Implemented the Treasury and Backbone systems.
The Testnet and Block Explorer went online and they also Implemented Masternodes and governance systems.
Energi 1.0 mainnet was launched on April 14 and the Masternodes went live and the rewards began Sept 18th.
They also had an airdrop and the call it Earndrop, they had 4 rounds, the round 1 was completed with over 1 million Energi coin distributed And they had over 70 000 social media followers and by the end of 2018 the Earndrops rounds 2 and 3 went live.
Energi 3.0 began development.
Energi 2.0 was completed and it was an upgrade to Proof of Stake. Energi 3.0 was still in development, over 50% completed, but they began public testing featuring major additions to Energi’s capabilities and abilities to be useful in real-world context. This is our most significant update since launch.
And the Earndrop rounds 2&3 were finalized and the round 4 went live due to high demand.
Now let see what’s next.
Energi 3.0 is finally released, it is basically a smart-contract platform adapted from Ethereum, compatible with apps written for Ethereum. Energi will begin on-boarding the most impactful blockchain projects and dApps into the Energi platform.
Energi will also begin giving grants and providing support via their Incubator Program, They will also launch an Energi Mobile Wallet, this wallet will be able to sync with phone contacts, and making Energi payments easy for users and merchants.
Energi will start major campaigns to push Energi adoption worldwide, targeting the countries where it’s most needed.
In the coming years, Energi seeks to retain thousands of full time contributors, and function as a powerful global organization unlike anything seen in the cryptocurrency space. Energi will continue expanding marketing efforts, development, and ease of use, to rapidly increase demand and adoption.
This project looks good, it could drag the crypto space to another level, I feel a lot of passion a lot motivation and a lot of love from the Energi team and from the community as well.
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