User:Balestra999/sandbox

= Energi (cryptocurrency) =

Energi is a self-funding cryptocurrency with a vision of bringing about mass-adoption of cryptocurrency. It features a self-funding treasury system which will eventually develop into a smart contract platform.

Overview
Energi was founded by cryptocurrency investor and influencer Tommy World Power in early 2017, and successfully launched in April 2018. Instead of doing an ICO, Tommy chose to run Energi through multiple rounds of Earndrops (airdrops), which are designed to disperse the coins to those who join the Energi community. The first round, which is now closed, allowed for 20,000 people to sign up and earn up 100 NRG for completing basic actions such as following Energi's Twitter, subscribing to the project's YouTube, etc. Energi plans to conduct further Earndrop rounds for various countries.

Energi is also structured to provide a small allocation to mining rewards and will take a bulk of the coin issuance and give it the treasury and masternodes. Energi further allocates 10% on-going reward to leadership of the Energi Backbone, which is significantly less compared to today’s ICOs (rewarding their founders between 20–50% of the tokens distributed). Another trait that sets Energi apart from ICOs is they give an on-going 10% allocation through each block reward, rather than rewarding the founders up-front.

Coin Specs
Ticker: NRG

Block time: 1 minute.

Hashing Algorithm: Dagger-Hashimoto (similar to Ethereum).

Masternode requirements: 10,000 Energi.

Treasury cycle: Every 14 days.

Approximately 1 million Energi will be released per month. The allocations can be observed easily as “10/10/40/40.”

10% will go to the Energi Backbone.

10% to the Miners (which will eventually transition to Proof of Stake).

40% to Masternodes.

40% to the Treasury.

Thus, for every block, allocations are: 2.28 Energi to the Backbone, 2.28 Energi to the Miners, 9.14 Energi to the Treasury, and 9.14 Energi to Masternodes.

Since Treasury allocations are paid in two-week cycles, they are made in lump sums of approximately 184,000 Energi every 14 days.

In order to allow for widespread distribution of Energi before Masternode payments begin, Masternode rewards will be delayed until day 150. This is designed to allow the Energi Earndrop (airdrop) campaign to be completed and ensure a large amount of Energi is spread out through the community. Until this point, Masternode rewards will be re-directed to the Treasury. Thus for the first 5 months, the Treasury will have approximately 368,000 Energi every two weeks (about 800k Energi per month). The airdrop campaign is designed to release ~4 million Energi to the community.

Differences from Other Cryptocurrencies

 * Working and live blockchain (a heavily modified Dash fork). Energi started as a Dash-fork so as to build and improve on the treasury and governance system. This is based on a conviction that a strong treasury model constitutes a solid foundation for any long-lasting cryptocurrency enterprise.The project plans on transforming into a powerful smart contract platforms with a robust treasury and governance system. To start, this will likely be based on the Ethereum code base. However, the competitive governance and treasury models, which will enable an aggressive rate of development, tooling, and overall growth.
 * Energi is actively running on three different exchanges: Cryptopia, CoinExchange, and Cryptobridge.
 * Strong treasury system: Energi is self-funding, with one of the largest treasury allocations in the space. This treasury funding allows for a viable long-term model that will grow the technology and the community.
 * Masternodes: Energi has very high rewards (over 50% return per year). Masternode rewards officially start Sept. 16th, 2018. Masternodes consist of 10,000 NRG, which is currently valued at ~$0.30 per Energi as of Sept. 10th. Energi’s current cost of $3,000 per masternode represents a significantly lower barrier to entry compared to other Masternode coins such as Dash (current masternode cost of $200,000 (1000 DASH at ~$200) as of Sept. 10th).
 * No ICO: Energi did not conduct an ICO, and does not have any plans to do so. This avoids legal issues in various countries, supporting a vision of creating a cryptocurrency geared for long-term and sustainable global adoption.
 * No pre-mine: Energi chose not to pre-mine. This equitable model aims to support an inclusive global vision.
 * Robust roadmap: Energi is working on moving to a proof of stake model, and on transitioning into a smart contract platform. This will make us one of the first if not the only cryptocurrency with a Treasury, Masternodes, Smart Contracts, no ICO, and no pre-mine.