Energi is aimed at bringing cryptocurrency to the world.
Cryptocurrency is a revolutionary new technology that opens up a vast field for monetary freedom. Yet, even nine years after its inception, cryptocurrency adoption accounts for only 0.5% of the global population. Our goal is to introduce and bring cryptocurrency to the masses. We intend to start by building a strong foundation — one with a vault system much larger than any other cryptocurrency currently has.
This vault is decentralized, with masternodes voting on where these funds go. This enables Energi to compensate developers and contributors, and as Energi grows, our budget will increase, enabling more collaborations, leading to further growth, and so on — it’s a positive feedback loop. Additionally, we have a higher inflation rate because we encourage spending and reinvestment. Energi will seek to utilize our entire vault budget monthly, especially in the first few months following our launch, and identify the highest-value activities and best contributors who receive the largest rewards for adding value to the system, rather than for the spent value. We will identify and encourage those activities that offer us the absolute maximum value for our money. Our philosophy is that every dollar invested into the system, as long as its appropriately allocated towards developers, the best marketing efforts, and other expenditures that expand our reach, yields far more than a dollar in return.
Our History
Energi was founded in the summer of 2017 by Tommy World Power, born out of his clear understanding of the power and potential of well-designed self-funded cryptocurrency organizations that rely on issuing tokens to contributors as their primary funding mechanism. This concept is now gaining popularity but was hardly discussed back then. Tommy created a video about this idea and began building what is now known as Energi around the same time. Over the past five years, Tommy spent thousands of hours learning about the cryptocurrency space and its technology from a high-level perspective, initially to make good investments, but recognizing the immense power he could create, Energi came into being.
In the first year and before launch, Energi was primarily in development, exclusively funded by Tommy. There was no fundraising from external or public investors, and no ICO. Finally, after implementing the concept designed by Tommy, Energi launched on April 14th, 2018. Due to Energis robust design and strong leadership, Energi is now rapidly growing.
To date, Energi has approximately fifty full-time contributors across development, marketing, operations, business development, human resources, and security. Energi is evolving into a smart contract platform with all the capabilities of Ethereum, combined with our financial and governance model – a very powerful feature set. There are many cryptocurrencies with similar goals (some of which raised over $100 million in their ICOs). If we are the first to achieve this major feature combination, we will be the only existing cryptocurrency with these features. We envision Energi becoming an organization of thousands, built upon our strong self-funding design, established governance, strong direction, and leadership. In summary, we believe Energi will become one of the most dominant major cryptocurrency platforms in the coming years.
Our Mission
To become the leading cryptocurrency through unifying smart contracts, management, and a self-funded treasury to ensure long-term development and achieve rapid growth.
What Sets ENERGI Apart
Most cryptocurrencies today have a system rewarding mining with GPUs, CPUs, or specialized mining hardware. This is akin to inflation and can even be seen as a "tax" on the cryptocurrency. Bitcoin, with a market cap of roughly $100 billion, spends over $5 billion annually on mining.
We view the significant mining rewards in Bitcoin as excessive and believe that Bitcoin could be secure with reduced mining rewards (Bitcoin has excellent network security and faces no issues, even if the market cap and mining rewards were reduced to one-tenth of their current levels). If Bitcoin had a system similar to Energi, millions of dollars would be available each year for development and growth. This is a massive missed value, a gap Energi seeks to fill.
Energi still allocates some funds for mining rewards but distributes the majority of tokens to the treasury and masternodes. Masternodes provide network security, instant transactions, and private transactions, while the treasury permanently funds development, user protection, marketing, and other services for our cryptocurrency community.
Its crucial to recognize how powerful our design is, coupled with strong leadership. Our treasury fund can finance thousands of developers to conduct cutting-edge work in the field while retaining thousands of business development and marketing experts to expand user awareness and build merchant adoption — even hiring lobbyists to help clear our path and navigate existing governmental bureaucracies. Review our roadmap for a better understanding of our objectives.
Related Links:
https://b.today/coindesc/energi/
