Cryptocurrency for World Consciousness

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Cryptocurrency for World Consciousness

Transcript of Cryptocurrency for World Consciousness

Page 1: Cryptocurrency for World Consciousness

Cryptocurrency for World Consciousness

Page 2: Cryptocurrency for World Consciousness

Energi (NRG) is a Proof-of-Stake (PoS) cryptocurrency that combines next-generation smart contracts, decentralized governance, and a self-

funding treasury.

Energi launched without an ICO or pre-mine in the middle of a bear market. Despite some of the harshest conditions possible for a new

project, Energi reached the Top 50 on CoinMarketCap and has grown to more than 60 team members who are all working together to create a

cryptocurrency for the future.

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THE PROBLEMSCryptocurrencies have a huge potential for the future, but many are still

facing a multitude of problems as an emerging technology.

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GOVERNANCE – Many cryptocurrency projects have failed due to a lack of governance. Bitcoin has forked multiple times and, while it’s been a decade since the cryptocurrency launched, no one has found a solution to this problem. Across the space, there is a lack of leadership on the issue. Ultimately, bad governance delays and hinders the development of a project and may even lead to its demise.

FUNDING – Funding in the cryptocurrency space suffers from short-term thinking. Most projects have launched using one-off events like ICOs or IEOs. Because of this, many have failed through financial mismanagement and very few of the promised products have reached the market. Ultimately, it’s the community, not the founders, who have paid the price.

SECURITY – Many projects in the cryptocurrency space do not provide security for their community. Since cryptocurrency is a new technology, a lack of knowledge gives scammers and hackers a window of opportunity to target potential victims. Fake giveaways, third-party hacks, and exit scams have affected thousands all over the world and led to losses of over US$10M.

PROOF-OF-WORK – PoW has been the prevalent blockchain model for a decade, but it is highly inefficient. Mining functions like a tax on a cryptocurrency such as Bitcoin, which burns billions of dollars a year on mining. Furthermore, the amount of capital required to set up and run a commercial mining operation is prohibitively expensive, leading to greater centralization of miners and less overall security for the network.

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THE SOLUTION Since Energi’s foundation, the project has adopted the best ideas

from across the blockchain space to create something new.

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Since many projects are failing due to governance issues, we have built a strong network of masternodes. On a fundamental level, masternodes ensure the stability of the Energi ecosystem by validating transactions across the network.

Energi combines good governance and strong leadership. Our masternode system decides on the direction of the Energi project in a unified, decentralized way. Rather than miners or developers, anyone who holds NRG has a say. The masternodes make decisions about everything from treasury fund allocation to innovations of the protocol. This system of governance not only saves time, but prevents the kinds of disputes that affect the broader space – and ensures the long-term stability of the Energi project.

GOVERNANCE

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Since Energi never had an ICO, there are no large, institutional investors who can influence the project. Energi was bootstrapped from day one and has since been funded exclusively by an innovative self-funding treasury.

This model gives Energi the strongest treasury in the space, with 400,000 emitted coins going back into the development of the project every month. It’s also fully transparent – because instead of all the funds ending up in an ICO wallet, funding is built into the cryptocurrency. And instead of one unaccountable ICO pot, funds are released in smaller increments in an auditable manner month after month.

A strong, self-funding treasury fuels the development of the project in a stable, sustainable way. It supports everything – from attracting the best talent to our team to targeted initiatives like the Energi Bureau of Investigations, Energi Defense, and Energi Impact. Ultimately, this model ensures the proper resources will be available to fund the project’s growth for many years to come.

FUNDING

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Energi is one of the only projects that has its own security division that goes after the hackers and scammers that target our community. Energy Defense and its investigative arm, the Energi Bureau of Investigations (EBI), protect our users and community. They are funded by the treasury and supported by our decentralized masternode network.

The EBI team includes long-time veterans of the cybersecurity industry and intelligence community, including the FBI and CIA. They work with the relevant authorities to bring malicious actors to justice. For example, during the launch of Energi Gen 3, the EBI successfully stopped scammers who attempted to take advantage of the migration of our blockchain. Numerous thefts, amounting to over 200,000 NRG, were prevented, and the funds returned to their rightful owners.

With our well-funded Defense division and security built into our blockchain through our masternodes system, Energi is creating one of the safest ecosystems in the space.

SECURITY

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Energi opted to use a Proof-of-Stake (PoS) instead of a Proof-of-Work (PoW) consensus mechanism from day one. The reason for this was because it allows for greater decentralization, scalability and security while being far more energy efficient.

We mentioned earlier that setting up a PoW commercial mining operation is prohibitively expensive whereas PoS is much more accessible. Anyone with as little as 1,000 NRG can run their own masternode – and only 1 NRG is needed to start staking. This means that we have far more members of our global community participating in the project’s decision-making process and helping to validate transactions across the network.

PROOF-OF-STAKE

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We launched Energi Impact, the world’s first self-funding charity backed by cryptocurrency.

Q2 2019

Energi Gen 2 transitioned from Proof-of-Work to Proof-of-Stake.

We launched the Energi Bureau of Investigations (EBI), which has protected our community, and prevented many scams and hacks

to date.

Q1 2019

ENERGI ROADMAPSince our founding, Energi has always done things differently. We came out of the bear

market as one of the strongest projects in the space – all without an ICO.

Testnet and Block Explorer went online. We also optimized and improved numerous technical and economic aspects of Energi.

Q1 2018

Energi Gen 1 launches as a Proof-of-Work blockchain, adapting the code of Dash.

14th April 2018

We implemented our masternodes and governance systems.Q2 2018

We implemented EnergiHash (ASIC-resistant hashing algorithm) and the treasury and backbone systems.

Q4 2017

Pre-development. We engineered coin emission and allocations to miners, masternodes, and the treasury along with other fundamental designs. Development began in July 2017.

Q3 2017

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Energi Gen 3 is released, upgrading our blockchain to a smart-contract platform adapted from Ethereum. This major update enables virtually all of Ethereum’s capabilities while incorporating our treasury, masternodes, and governance systems, all-in-one.

Q1 2020

We’ve built a reserve of over 4.7M NRG (currently valued at over US$10M), which represents the industry’s strongest and most

sustainable treasury model.

We’ve grown our talented global team to over 60 people on our payroll in less than two years. Every single member of the team

dedicates their time and energy to making the project a success.

Energi is listed on eight reputable exchanges.

Q2 2020

Energi Mobile Wallet tentative launch date. Our mobile wallet is designed to be as easy to use as Venmo and Cash App.

Q1/2 2021

Energi X tentative launch date.Q2/3 2021

We completed one of the largest airdrops in the space, giving away 3.8M NRG (valued at more than US$6.5M) to over 45,000

individuals. We started with no community at all and now we have one of the most loyal and organized communities on Discord.

Q3 2019

Energi will begin onboarding the most impactful blockchain projects, bringing them onto the Energi platform. We will also offer support via our Incubator Program to fund the most exciting upcoming dApps in the space.

Q3/4 2020

Energi X tentative date to start public testing. Energi X is our upcoming zero-fee cryptocurrency exchange. It will offer the same service as the market leaders without any of their fees.

Q1 2021

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Energi X is our upcoming zero-fee cryptocurrency exchange. At Energi, we’re building much more than a cryptocurrency and Energi X is a crucial part of our mission to make crypto accessible to everyone.

Energy X will offer a viable alternative to existing players like BitMEX and Binance. BitMEX alone has a monthly trading volume of US$95.5 billion and charges a minimum of 0.075% fees per trade. Energi X will offer the same service without any fees – most traders would save huge sums by switching to Energi X.

Energi X will feature NRG trading pairs, which will increase the liquidity of NRG.

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COMPARED TO OTHER TOP PROJECTS

ENERGI TEZOSETHEREUM EOS CARDANO DASH COSMOS TRON IOTA

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Approximately 1,000,000 NRG is emitted each month, divided amongst stakers, the treasury, backbone, and masternodes in the following proportions:

Funds from the treasury pay for product development, marketing, merchant adoption and team growth. In addition, members of the community can submit their own proposals to the treasury.

Instead of issuing a pre-mine or holding an ICO, 100,000 NRG of the new issuance of NRG is allocated to Energi’s leadership each month. This compensates them for their work and incentivizes them to continue leading the project.

Masternodes administer governance, security, instant transactions, and private transactions over the network, while the

treasury provides essential funding for all Energi services in perpetuity.

Staking enables users to ‘stake’ their NRG on the network; that is, to validate the

transactions required to make a new block. Staking creates a simple, easy way for users to

take advantage of the Proof-of-Stake mechanism and get rewarded for doing so.

40% 10%

10%

Emissions

40%TREASURY

BACKBONEMASTERNODES

STAKING

ECONOMIC MODEL

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STAKING REWARDS COMPARISON

ATOM, DASH, XTZ, TRX + EOS data taken on 23 April 2020 [www.stakingrewards.com] NRG calculations are based on1000 NRG collectively staked at the current price of $2.37Energi Staking Calculator [https://nexus.energi.network/reward-calculator]

Note: For current and accurate NRG staking rewards, please check the Energi Staking Calculator. Rewards are determined by total collective NRG staked and coin price, both of which are variable.

nexus.energi.network

NOTE

ENERGI $NRG25%

COSMOS $ATOM 8%

DASH $DASH7%

TEZOS $XTZ6%

EOS $EOS2%

TRON $TRX3%REWARDS

50%

40%

30%

20%

10%

0%

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MASTERNODE REWARDS COMPARISON

NRG, HORIZEN, Z COIN, PIVX + DASH data calculations taken on 23 April 2020 from [www.masternodes.online]

NRG data calculations are based on 1155 active MNs, as per that date.

NOTE

ENERGI $NRG34%REWARDS

HORIZEN $ZEN15%

PIVX $PIVX9%

Z COIN $XZC13%

DASH $DASH7%

50%

40%

30%

20%

10%

0%nexus.energi.network

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TREASURY FUNDS GENERATED USD MONTHLY VALUE

NRG DASH DCR PIVX

$806K

$315K$264K

$5K

DEC 19

NRG DASH DCR PIVX

$724K

$523K

$256K

$5K

JAN 20

NRG DASH DCR PIVX

$680K $710K

$290K

$8K

FEB 20

NRG DASH DCR PIVX

$612K

$408K

$211K

$6K

MAR 20

500K

0K

1M

1.5M

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OUR COLLECTIVE EXPERTISEA huge part of Energi's strength comes from our large, committed team who come from a diverse range of backgrounds and disciplines.

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THE LEADERSHIP TEAM

CEO & CHAIRMANTommyWorldPower, on YouTube and Twitter, is a respected thought leader in the space. His understanding of the technology, economics, and value proposition of blockchain is the foundation of Energi's vision to become the first mass-adopted cryptocurrency. He has built a self-funding, self-governing, globally-distributed team to make this a reality.

TOMMY

PRESIDENTAs the President, Ryan oversees all day-to-day operations. His strong background in software development provides a solid foundation for leading a technology organization. He always leads by example and is passionate about building a powerful culture. He directs Energi with the discipline of a traditional business leader but with the drive of a technology startup founder.

RYAN

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SENIOR DIRECTOR, OPERATIONSAfter graduating from business school, Omer worked as an IT Business Consultant for several large organizations such as Exxon Mobil, Verizon, and Pfizer before becoming part of the blockchain revolution in early 2017. Omer is now dedicated to guiding the Energi project in a strategic change management role.

OMER

VICE PRESIDENT, PEOPLEGreg has been a Silicon Valley resident for half a century and has over 30 years of experience scaling some of the most recognized technology companies. From semiconductor designs through to supercomputers, Greg's career has gravitated around building teams for companies utilizing emerging technology to change the world for the betterment of society.

GREG

DIRECTOR, TECHNOLOGYLeon had a passion for cryptography and steganography from a young age. He began working for various IT companies after studying Computer Science in high school. While building small scale financial solutions for companies, he grew an interest in cryptocurrency. His interest turned into a dream of helping educate people on the importance of their financial sovereignty, which led him to join Energi as a developer.

LEON

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DIRECTOR, MARKETING Emre is the Director of Marketing for Energi. Having gained practical knowledge of managing a family business, he moved to the USA to study international business and trade. He became fascinated by the potential of crypto to reduce reliance on a central authority and to foster cooperation between individuals.

EMRE

DIRECTOR, ENERGI IMPACTParker was born in Los Angeles and attended Arizona State University. After working in hospitality in Arizona, he began living abroad in Bali, Thailand, and parts of Europe. As the Director of Energi Impact, Parker is changing the way charitable organizations operate and inspiring his team to leave the world a better place than they found it.

PARKER

DIRECTOR, COMMUNITY MANAGEMENTUtilizing over 20 years of customer service, technical support and marketing experience, Brock is currently applying his expertise towards managing the Energi community across all chat and social media platforms. He oversees all aspects of Energi's community management and customer support services.

BROCK

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Find out more:www.energi.world

Contact us:[email protected]

Read the White Paperwww.energi.world/whitepaper