What is Energi
What Is Energi (NRG)?
Energi (NRG) is a next generation Proof of Stake (PoS) cryptocurrency. Powered by the Energi blockchain, NRG combines Ethereum smart contract compatibility with a self-funding treasury, decentralized masternode governance, and a Layer 1 and Layer 2 protocol. NRG also serves in place of a governance token for the Energiswap decentralized exchange.
Funded by the NRG treasury, the Energi organization is a blockchain-based financial technology provider. Energi was founded on the goal of delivering secure, decentralized financial solutions. Energi currently employs a team of over 60 contributors spread across 5 continents.
Ethereum-Compatible blockchain with smart contract capabilities to support DApp development.
Funding provided by an economically-optimized, self-funding treasury to enable the upkeep and rapid expansion of the project.
On-Chain Governance driven by a masternode network to guide strategy and provide user protections.
Speed and Scalability delivered by a Layer 1 and Layer 2 network that enables sustainable throughput.
The NRG Economic Model
1 million NRG are released every month and divided between the Energi Treasury, Masternodes, Stakers, and Backbone.
The breakdown of the allocations can be viewed below:
40% to the Energi Treasury
40% to Energi Masternodes
10% to Energi Stakers
10% to the Energi Backbone
Energi’s treasury is self-funded. Funds from the treasury pay for product development, marketing, merchant adoption, and team growth.
The primary role of masternodes is to provide stability for the network by validating transactions. Their secondary role is to provide governance by submitting and voting on proposals that dictate the long-term strategy and resource allocation for Energi. Masternode owners are awarded a larger portion of staking rewards as an incentive.
Staking enables users to ‘stake’ their NRG on the network; that is, to validate the transactions required to make a new block. Staking creates a simple, easy way for users to take advantage of the Proof of Stake mechanism and get rewarded for doing so.
Instead of issuing a pre-mine or holding an ICO, Energi’s founder chose to take distributed compensation over time. This ties his financial rewards from the project to Energi’s long-term success and sustainability.
Where Can You Buy NRG?
NRG is available on a number of well-established exchanges. Currently, NRG can be bought, sold, or traded on the following exchanges:
Check here for a regularly updated list of exchanges to trade NRG.
Who Is the Founder of Energi?
Energi was founded in 2018 by @TommyWorldPower (Twitter) with the goal of being the first cryptocurrency to drive truly global adoption. Tommy has been involved in cryptocurrency since 2012, starting out as an early-adopter and trader.
Through his research as a trader, he identified several key issues that were not being addressed by cryptocurrencies at the time. He created Energi to directly address those issues and provide a sustainable, scalable platform for the future of cryptocurrency.
Learn more about Energi here: https://www.energi.world/
View staking rewards, treasury funds, and more here: https://nexus.energi.network/