Energi NRG / Energi

What Is Energi (NRG)?

Energi (NRG) is a next generation Proof of Stake (PoS) cryptocurrency. Powered by the Energi blockchain, NRG combines Ethereum smart contract compatibility with a self-funding treasury, decentralized masternode governance, and a Layer 1 and Layer 2 protocol. NRG also serves in place of a governance token for the Energiswap decentralized exchange. Funded by the NRG treasury, the Energi organization is a blockchain-based financial technology provider. Energi was founded on the goal of delivering secure, decentralized financial solutions. Energi currently employs a team of over 60 contributors spread across 5 continents. NRG Features Ethereum-Compatible blockchain with smart contract capabilities to support DApp development. Funding provided by an economically-optimized, self-funding treasury to enable the upkeep and rapid expansion of the project. On-Chain Governance driven by a masternode network to guide strategy and provide user protections. Speed and Scalability delivered by a Layer 1 and Layer 2 network that enables sustainable throughput.

The NRG Economic Model 1 million NRG are released every month and divided between the Energi Treasury, Masternodes, Stakers, and Backbone. The breakdown of the allocations can be viewed below: 40% to the Energi Treasury 40% to Energi Masternodes 10% to Energi Stakers 10% to the Energi Backbone

TREASURY Energi’s treasury is self-funded. Funds from the treasury pay for product development, marketing, merchant adoption, and team growth.

MASTERNODES The primary role of masternodes is to provide stability for the network by validating transactions. Their secondary role is to provide governance by submitting and voting on proposals that dictate the long-term strategy and resource allocation for Energi. Masternode owners are awarded a larger portion of staking rewards as an incentive.

STAKING 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.

BACKBONE Instead of issuing a pre-mine or holding an ICO, Energi’s founder chose to take distributed compensation over time. This ties his financial rewards from the project to Energi’s long-term success and sustainability.

Where Can You Buy NRG? NRG is available on a number of well-established exchanges. Currently, NRG can be bought, sold, or traded on the following exchanges: