Energi was conceived by Tommy World Power on the 4th of July 2017 (Independence day in the USA), created with a heart of freedom and liberation for humanity. Tommy’s vision is that of a powerful self-sufficient and economically-optimized cryptocurrency (which alone is very rare in the space), combined with smart contract capabilities, decentralized governance, and strong moral leadership.
In it’s design, Energi’s coin emission is used as the primary funding mechanism for fueling its growth. Tommy spent thousands of hours researching the cryptocurrency space and its technologies from a high level since 2013, originally in order to make good investments. Tommy recognized the enormous missed value in the space with respect to the combination of Energi’s proposed features, but recognized how difficult it was for other projects to change and understand his vision, so instead he chose to create it, and thus Energi was born. Tommy made a video on his early concept, and soon after began working on Energi.
In regard to development status, Energi is in the process of moving to an Ethereum-based code-base (see our Roadmap). Energi will adopt all of Ethereum’s existing capabilities, but will also be imbued with our finely tuned Treasury and Governance model to drastically expand growth and adoption. We are grateful to the Ethereum developers and community, and will support Solidity devs and projects who come to Energi where they may benefit from our services, while working with the same basic coding architecture. Over time, Energi will continually upgrade the code-base to maximize capabilities, or eventually develop a brand new platform with the latest technology as the greatest needs within the cryptocurrency space become clear and continue to evolve.
Cryptocurrency is revolutionary new technology which brings an enormous realm to freedom to money. However, even after ten years, cryptocurrency adoption is less than 1% of the world population. We work to bring cryptocurrency to everyone.
To achieve mass adoption, we started by having first created a very strong foundation. Energi didn’t have an ICO or pre-mine and was thoughtfully designed to have a strong Treasury and Masternodes incentive system. Our 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, and as Energi grows, the Treasury budget will grow allowing for more collaboration, leading to more growth, etc, a positive feedback loop
HOW ENERGI SETS ITSELF APART
The majority of cryptocurrencies today have a system of mining in place which rewards those running their graphics card or CPUs, or specialized mining hardware. This functions as inflation or could even be seen as a type of “tax” on the cryptocurrency. Bitcoin, alone, is “burning” over FIVE BILLION dollars a year on mining.
We see Bitcoin’s massive mining reward as an overkill, and believe Bitcoin could be about as secure with only a fraction of that mining reward (as seen by Bitcoin having great network security with no corresponding problems even when the market cap and mining reward was 1/10 as it is now). If Bitcoin had a system in place similar to Energi, Bitcoin would currently have BILLIONS OF DOLLARS worth per year to allocate to development and growth. This is an enormous missed value, a gap which Energi seeks to fill. Combining this with governance and smart contract capabilities is what we see as major features of the most powerful cryptocurrencies of the future.
Energi has evolved from Proof of Work to Proof of Stake and is designed with high staking rewards to encourage security and growth. The bulk of the coin emission though is afforded to the Treasury and Masternodes. Masternodes administer governance, security, instant transactions and private transactions over the network, while the Treasury provides essential funding for all Energi services, in perpetuity.
How to buy Enegi NRG coin in 2020?
If you want to buy cryptocurrencies like Bitcoin (BTC), Energi coin (NRG) or any other altcoins, you have two options: if you don’t mind KYC (Know Your Customer) policy, you can create an account with CoinBase. Because of KYC policy, the site will ask for various papers like ID, proof of address and so on. If you want to go anonymous, you can create an account with Binance or KuCoin. On those last two sites you won’t need any proof of identity as long as you don’t exchange large amount of cryptocurrencies. Just click on one of the above link and follow some simple steps to open your own crypto account.