Energi (NRG) News

Energi was founded by TommyWorldPower in 2017 and was launched in 2018. Instead of going for an ICO, Tommy chose to offer multiple rounds of eardrops to disperse coins to people who plan to join the community. Energi supports Windows, MacOS, and Linux. It is a ASIC resistant Ethereum hash algorithm. There is private send and instant send HD wallet support along with automatic backup. Energi follows self-funded governance concept like Dash and Smartcash, and it has the largest treasury fund. The platform plans to release 1 million Energi per month, and the allocation is as following – 10% will go to the Energi Backbone, 10% to the miners which will eventually transit to Proof of Stake (PoS) 40% will go to masternodes, and 40% will be in Treasury. Energi is self-funded by treasury which offers long term development of the technology platform. As Energi has a strong governance model, it can avoid strong pitfalls by allowing community-driven decisions that will maximize scalability. Energi’s blockchain development team is developing a smart contract platform, to further drive network effects to support global adoption. Masternodes holders are allowed to host masternodes, which confers reward for the second tier. The rewards include governance mechanisms for the masternodes holders.