EnergyCoin 23rd October 2018 update
Hello everyone and welcome to the first official update from The EnergyCoin Foundation.
The EnergyCoin (ENRG) blockchain labels the value of sustainable development. Within ENRG ecosystem these values can be seamlessly exchanged to speed up the transition to a green, climate neutral society. People should be empowered to authenticate and transact the value of local climate sustainable action immediately and without costly intermediaries.
Bittrex ENRG-BTC market is closing
As you may already know, Bittrex has announced that ENRG-BTC market would be removed on 26-Oct-2018 (at the end of this week). One of the main reasons for delisting ENRG-BTC market is a low trading volume. By the Bittrex Market Removal Policy users has 14 days to withdraw any delisted tokens, but in certain instances the withdrawal period may be shortened. Users should withdraw any ENRG before the Bittrex posted withdrawal deadline. We will update you in regards to the official Bittrex ENRG withdrawal deadline.
ENRG going to new exchanges
Bittrex has been the only exchange where ENRG was traded. To avoid ending up this situation ever again, we are in process of listing ENRG on minimum two new exchanges, which are less demanding than Bittrex at this moment. We are trying our best to ensure that ENRG could be traded on at least on one exchange not later than the end of this week, so ENRG trading activities are not interrupted. We will keep you updated about the new ENRG listings on a daily base.
A long waited Green Blockchain App is being released soon
Since August this year the EnergyCoin has a fully dedicated development team that is working on several projects at the moment with the most important one being the EnergyCoin dashboard — an instrument were people can exchange the value of their local climate actions. The EnergyCoin Foundation want to empower people to authenticate and transact the value of local sustainable actions immediately and without costly intermediaries. More about the general idea about the EnergyCoin ecosystem can be found here: https://www.energycoinfoundation.org/en/. We expect the first beta release to happen in mid-November this year. At the moment we are designing a solution on how to connect with the Ring-ring app that incentivizes people on their bicycle mileage. The idea is to increase bicycle use over fossil-fuel-burning vehicles and reward clean and green pedal power. Cyclists earn the value of the avoided (carbon) emissions, and the air in cities becomes cleaner.
What to do with ENRG funds on Bittrex
You should migrate off ENRG funds of Bittrex by sending coins to any of the following wallets:
- EnergyCoin Core Client (download from here),
- EC Lite web wallet
- New ENRG exchanges to be announced (note: we do not advise keeping coins on exchanges for extended periods of time)
EC Lite is an EnergyCoin web wallet hosted at energyexchange.eu
It is simple to use by using 12 word passphrase that you get during registration. To make it even more user friendly, a secret URL and password could be used.
We have started with regular ECF official reports, this one being the first one. We are in process of listing ENRG on minimum two new exchanges to ensure that ENRG trading activities are not interrupted due to Bittrex closing ENRG-BTC market. EnergyCoin development team is on the roll and many exciting new features are planned to be shipped starting mid-November this year.
We’re always eager to hear back from our community! Make sure to leave any ENRG-related questions on our social media/communication platforms;
The EnergyCoin Foundation