The whitepaper of Energi coin states DApps (decentralized application) and smart contracts which are the main selling aspects. So currently Energi is just another Proof of Stake, masternode coin. According what is energi coin to their roadmap smart contract capabilities is planned to be activated on Q3 of 2019. So currently other than having a strong treasury and masternodes incentive system this coin has no notable features.
If you are looking to merely send / receive the coins and “hodl” them for price appreciation then you can use the Coinomi wallet. This is a third party wallet that has support for an additional 500+ cryptocurrencies. It is available on mobile and desktop across multiple operating systems. Because there is no supply limit Energi has allocated this large percentage to the treasury to improve the decentralization of the blockchain, and to maintain the performance of the network. A self-funding treasury isn’t an unusual feature in a masternode blockchain, but Energi has one of the largest percentage allocations to the treasury of any masternode blockchain.
Energi Core Guides
To fuel the growth of the project, a portion of freshly-mined coins is assigned to the Treasury – which is why Energi has never had, and never will have, a pre-mine or ICO. Tommy personally funded the initial development of the project himself, and this approach paid off. Throughout the recent bear market, the Energi project continued to grow and expand its team, while other projects were downsizing and cost-cutting. Whether you leave your coins on an exchange or do the coin swap yourself, you should understand the processes of traditional coin swaps, know what the coin swap deadline is, and understand the consequences of missing it. Energi’s was built by merging the best aspects of other blockchains, while introducing our own key components. There will be more possibilities with the introduction of smart contracts and dApps, but Energi still won’t be unique.
It’s core fundamentals were forked from Dash and have been enhanced to become a cryptocurrency with one of the largest treasury model’s in the space. We’ve seen Energi quickly become a top 100 cryptocurrency within a little over a year of its mainnet launch, and yet we are only scratching the surface of Energi’s true capabilities. Like many of the other more recent blockchain projects, Energi has included a community-based governance model. In the Energi model, any stakeholder can submit a proposal for open consideration by the community. Since there are 1 million NRG released every month, and there’s no cap on the total coin supply, this gives the treasury 400,000 NRG every month to be used for marketing and development of the project. This is meant to ensure longevity for the project, providing funds to improve technology, grow the community, and to compensate developers.
About NRG
We will provide more information on what to do with your Masternodes as we get closer to the launch of 3.0. A coin is a digital equivalent to money where coins can be used to store value and pay for services much like physical money. Some coins are a fork of Bitcoin and are developed using Bitcoin’s https://www.tokenexus.com/npxs/ open-source protocol, whereas others are created and operated on its own blockchain. Energi has rocketed into many traders awareness as it has come from over 200th in market cap to 58th as of July 5, 2019. Its listing on the popular DigiFinex and KuCoin platforms is certainly positive too.
Energi cryptocurrency currently offers core wallet which is available for Windows, Mac and Linux. To earn this users must complete KYC and are asked to complete certain social tasks like following their social accounts and shilling Energi coins on social media. Until this point, Masternode rewards will be re-directed to the Treasury.
The NRG Token
These proposals are voted on by masternode owners who decide whether or not they should be implemented. Before Energi 3.0 is released, Energi holders will be notified well in advance of the coin migration and will be provided instructional steps so that they are fully prepared. This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. GonnaMakeIt is our game-changing NFT marketplace specialized in both user and business security.
It aims to become a dominant smart contract platform similar to Ethereum but is not there yet. Its mission is to bring cryptocurrency to the masses and to be the world’s leading cryptocurrency platform. They intent to achieve this by creating a strong foundation; plus fostering a self-funding and a decentralized governance system.
For those interested, the Energi team has been conducting airdrops of the coin and there is one final round of 1 million NRG to be airdropped. Finally, it is worth mentioning that Energi also has an official blog that they contribute to regularly. This helps to keep the broader cryptocurrency community informed.
Although Energi is a fork of Dash, it has been highly modified and has enhanced privacy, lower fees and higher scalability when compared with Dash. Okay, now let’s see if there any features that are really unique / founded by Energi.
Once Generation 3.0 goes ‘live’, users will be able to use the Generation 3.0 wallet and ‘unlock’ their NRG (same amount) using their Gen 2.0 private keys. Energiswap benefits directly from the speed and scalability of the Energi blockchain, as well as Energi’s dedicated cybersecurity and support teams. Energi is compatible with all Ethereum-based decentralized applications. Developers are encouraged to use Energi as a “live-testnet” before launching apps on Ethereum so they can benefit from Energi’s security. If you would like to do this then you will have to download and install their core wallet.
