Energi

Energi

NRG
$0.102190752%-4.53

Key Metrics

Price$0.102190752
Real Volume (24H)$784,505.21
Marketcap$7,957,162.11
Fully Diluted ValuationN/A
ATH$10.19
ATH Date6/25/2019, 10:34:23 PM
ATL$0.14529
ATL Date11/22/2022, 1:01:08 AM
Circulating Supply60M
Total SupplyN/A
WebsiteN/A
WhitepaperN/A
Popularity Rank1398
Chart
What is Energi?

Energi (NRG) is a cryptocurrency built on a self-sustaining blockchain with a focus on mass adoption and strong moral values. According to its website, Energi aims to offer several features such as EVM compatibility, on-chain governance, self-funding treasury, and a masternode network.

Despite blockchain technology's potential to revolutionize financial services, only a small percentage of the global population has embraced cryptocurrencies as an alternate economy. Energi aims to maximize the mass adoption of cryptocurrency by creating a versatile blockchain with a vision to increase the use cases of cryptocurrency. Energi's Ethereum-compatible smart contract supports the working of Dapps (decentralized applications) on the blockchain, driving increased adoption of cryptocurrency with higher counts of use cases.

Energi's platform offers several products that cater to the needs of users. Energi Swap is a Decentralized Exchange (DEX) where users can trade, yield farm, pool, and swap their tokens. Energi Bridge enables users to transfer tokens from other blockchains to the Energi blockchain. Energi Nexus allows users to set up staking and masternodes. Finally, Energi Explorer enables users to track the blocks created and the number of transactions on the system.

To ensure long-term sustainability, Energi 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, generating higher yields for every coin put into the ecosystem. Therefore, funds from the treasury are distributed as rewards to contributors yielding maximum value.

Moreover, Energi allows masternode owners to vote and propose strategies deciding efficient use of resources in the blockchain. For instance, masternodes vote on freezing funds or ways to direct funds correctly. Besides, Energi uses on-chain governance to benefit users with enhanced security features, ensuring a decentralized structure without letting go of the platform's goals.

NRG is the official utility token of the platform. Energi uses a Proof-of-Stake consensus model, enabling NRG holders to continue staking coins on the network and win token rewards in return. Additionally, NRG is distributed as a reward to the masternodes for voting on proposals and increasing the treasury gains. According to the website, approximately one million NRG is created every month.

TommyWorldPower, popular on Youtube and Twitter, created Energi on July 4, 2017, Independence Day in the USA. Tommy is an educator and leader in the cryptocurrency community, and his vision is reflected in Energi's moral values and long-term sustainability.

In conclusion, Energi is a cryptocurrency that aims to increase the mass adoption of cryptocurrency while maintaining strong moral values and long-term sustainability. With its self-sustaining blockchain, Energi offers features such as EVM compatibility, on-chain governance, self-funding treasury, and a masternode network. Through its versatile blockchain and Ethereum-compatible smart contract, Energi aims to create increased use cases for cryptocurrency. Its products, including Energi Swap, Energi Bridge, Energi Nexus, and Energi Explorer, cater to the diverse needs of its users. Energi's strong, self-funding treasury and masternode network ensure efficient use of resources, and its Proof-of-Stake consensus model allows NRG holders to stake coins and win token rewards.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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