What Is Energi (NRG)?
Energi (NRG) is a self-sustaining blockchain combining technology and strong moral values. As per website, Energi aims to offer features like EVM compatibility, on-chain governance, self-funding treasury, and a masternode network.
Although blockchain technology seeks to maximize financial services, only 2 percent of the global population embrace cryptocurrency as an alternate economy. The crypto coin is created on a versatile blockchain with a vision to maximize the mass adoption of cryptocurrency. Energi’sEthereum-compatible smart contract supports the working of Dapps (decentralized applications) on the blockchain. This drives increased adoption of cryptocurrency with higher counts of use cases.
The platform aims to offer certain products:
Energi Swap- is a Decentralized Exchange(DEX) where users can trade, yield farm, pool, and swap their tokens.
Energi Bridge- users can transfer tokens from other blockchains to the Energi blockchain.
Energi Nexus- users can setup staking and masternodes.
Energi Explorer- users can track the blocks created and the number of transactions on the system.
Since Energi envisions long-term sustainability, the platform features a strong, self-funding treasury. According to its whitepaper, 40 percent of the newly minted coins are put into the treasury every month. The treasury enables allocating resources to fund and develop projects on the blockchain. Energi aims to generate higher yields for every coin put into the ecosystem. Therefore, funds from the treasury are distributed as rewards to contributors yielding maximum value.
Next, Energi allows masternode owners to vote and propose strategies deciding efficient use of resources in the blockchain. For example, masternodes vote on freezing funds or ways to direct funds right. In addition to the masternode network, Energi uses on-chain governance to benefit users with enhanced security features. Hence, Energi maintains a decentralized structure without letting go of the platform’s goals.
Energiuses NRG as the official utility token of the platform. The platform primarily works on a Proof-of-Stake consensus model, allowing NRG holders to continue staking coins on the network and win token rewards in return. Also, NRG is distributed as a reward to the masternodes for voting on proposals and increasing the treasury gains. As the website cites, approximately one million NRG is created every month.
History of Energi (NRG)
Tommy created Energi on on July 4, 2017, Independence Day in the USA. Tommy or TommyWorldPower (popular on Youtube and Twitter) is an educator and leader in the cryptocurrency community.
