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What is Energi (NRG)?
Energi (NRG) is an innovative cryptocurrency that differs from the rest by a finely tuned self - financed treasury and a decentralized management model, combined with the functionality of smart contracts.
The project is largely focused on growth and longevity and can become one of the most dominant existing cryptocurrency platforms. In addition to the thoughtful design of Energi, the project is led by a strong moral leadership, whose goal is to make Energi a globally influential organization.
Energi aims to reach the masses and become the leading cryptocurrency platform in the world. The Energi (NRG) mission statement reads as follows:
"To be the world's leading cryptocurrency with the combination of smart contracts, management and treasury self-financing to ensure longevity and rapid growth."
Who is the creator of Energi (NRG)?
The Energi project was founded in 2018 by @TommyWorldPower (Twitter) with the goal of becoming the first cryptocurrency that will lead to a truly global implementation.
Thanks to his research and training, Tommy has come to the conclusion that there is a lack of a really powerful, self-sufficient and economically optimized cryptocurrency in this area.
He admitted that although some cryptocurrencies introduced innovative management models, good tokenomics, smart contract capabilities, among other things, they still lacked key elements that could bring huge benefits.
These key elements or components, which are now Energi's proposed features, include:
- Smart Contract Capabilities
- Decentralized management
- Decentralized Treasury
- Encouraging users with masternodes and stacking
- Strong moral leadership
What is the uniqueness of Energi (NRG)?
Initially, Energi followed the Proof-of-Work (PoW) consensus algorithm, according to which about 1 million Energi (NRG) were issued monthly, but then the protocol switched to Proof-of-Stake (PoS) with the same number of coins issued, and without restrictions on the number of coins.
Therefore, Energi is inflationary, and its inflation is the key to the survival and growth of the network. Inflation is the engine that fuels Energi's financing.
The uniqueness of the project is the creation of a solid foundation, so 40% of the 1 million Energi produced per month goes to the treasury system. The Energi treasury system is the largest in the field of cryptocurrencies, i.e. four times more than Dash, Decred and PIVX.
The idea of a large treasury system is to provide more funding for marketing efforts, pay contributions to participants, disseminate information, work on development and ensure closer cooperation. If more money is spent on these things, Energi should experience more growth, positive feedback, etc.
How many Energi Tokens (NRG) are in circulation?
As already mentioned, there is no maximum supply of NRG tokens, and 60,833,613 NRG is currently in circulation.
The cost of NRG at the moment is 0.21554381 USD, the daily trading volume is 168,374 USD, and the market capitalization is 13,112,308 USD.
How is the Energi network protected?
The Energi cryptocurrency is created on the Proof-of-Stake (PoS) consensus blockchain, which indicates a high degree of network protection.
- To own your crypto assets, you need to manage your own private keys.
- Ledger hardware wallets make private key management easy and secure.
- Each unique 24-word recovery phrase creates a new set of private keys.
- Make sure you secure your 24-word recovery phrase properly.