What is Energi (NRG)? Complete set of virtual currencies NRG
Delivered an ROI of up to x40 in the past year and quickly reached the top 70 on CoinMarketCap.
Energi is one of the most popular projects in the community recently.
In today’s article, I will discuss with you the Energi project and the NRG coin. And explain the question why its value has increased so much and what is the next opportunity to invest in this project?
What is Energi (NRG)?
Energi is a blockchain project that aims to create NRG Coin with the function of making cryptocurrencies.
The Energi team built its own Blockchain platform to create NRG Coin for use on a global scale.
Their NRG Coin was created with integrated features of Smart Contract, Governance, allowing it to be an asset hoard.
What is the Energi (NRG) set out to tackle?
The Energi team believes that cryptocurrencies are the future of the global economy.
However, after 10 years of development (since Bitcoin was born), the value of all cryptocurrencies currently accounts for less than 1% globally.
On the other hand, current cryptocurrencies still have some problems:
Reputation: On many forums today, Cryptocurrency is referred to as a type of speculative assets, volatile prices … rather than how it is used in everyday life.
Complexity: Overall, cryptocurrencies are still complex for most people to use.
Stability in structure and value: Some mechanisms of previous cryptocurrencies lacked the motivation for community participation. Or, despite gaining community acceptance, there is a problem with network expansion and security.
How does Energi (NRG) solve this problem?
In Energi’s Blockchain ecosystem, NRG Coin is the most important product.
By creating this NRG Cryptocurrency, the dev team hopes to solve the aforementioned problems. Accordingly, NRG will have the following characteristics: Trust, Awareness, Usability, Availability.
The Energi team focuses on building an ecosystem to bring dApps and cryptocurrencies to Energi’s platform, the services they provide include:
Energi Incubators Program (Atomic Labs).
Energi Defense and Energi Bureau of Investigations (EBI): to protect users from hackers, scammer and other malicious actors.
Energi Engineering Support and Energi Development Portal.
What is NRG Coin?
NRG is the coin in the ecosystem of Energi Blockchain Platform. It was born with the purpose of becoming a widely used cryptocurrency, integrating Smart Contract and unlimited scalability.
From before February 2019, Energi uses the PoW consensus mechanism, then switches to PoS until the present time (July 9, 2019).
Basic information about NRG
Ticker: NRG
Blockchain: Energi
Blocktime: 60s
Consensus Mechanism: Proof of Stake
Circulating Supply: 18,058,666 NRG
Total Supply (limit): There is no total supply limit
Coins Locked: 7,960,000.00 NRG
Current Masternodes: 796 Masternodes
NRG Sale Token
Energi does not issue NRG Coin through the sale of an ICO or pre-mine.
Well, NRG Coin on the market is currently created by Airdrop and Staking in Masternodes to receive NRG Coin Reward.
What is NRG Coin used for?
NRG Coin is used by end users as a store of value and exchange. In the future, NRG Coin will be able to be used to pay for products and services.
Energi’s partnerships will integrate NRG Coin into their dApps or ecosystem for use by end customers.
Masternodes need Stake NRG Coin to have the right to participate in processing transactions.
NRG coins are used to reward Masternodes, and Stakeholders.
What does Energi stand out?
NRG Coin is not issued in the form of ICO or Premine, so there is no initial selling price. Therefore, there will be no pressure from investors.
Since February 2019, Energi has switched from a PoW consensus mechanism to a PoS consisting of Masternodes and Stakers. Therefore, the problem of consuming energy for mining (mining) or expensive costs for excavators is greatly reduced.
The NRG Coin’s Staking Reward at the time of writing was about 64.14% (July 9, 2019).
There are over 18 million NRGs on the market, with 9,157,006 NRGs involved in Locked (including Staking and Masternodes).
NRG Coin has no total supply limit, 1 million VND per month will be generated. This number is divided by the following components:
40% Energi Treasury: Used to motivate Core team and develop future Education projects and activities of Energi.
10% Energi Backbone.
10% Energi Stakeholders: This NRG Coin is divided among the Stakeholders according to the percentage of NRG they hold.
40% Masternodes: used to encourage Masternodes. To become Masternodes, you need at least 40,000 NRG Coin.
Since February 2019, the dev team has switched the consensus mechanism from PoW to PoS. Therefore, you do not need to use large capacity excavators to mine NRG. But you only need to be Masternodes to confirm, process transactions and receive NRG Rewards.
Summary :
Hope you get lots of useful information through the last article.
If you have any thoughts on Energi (NRG), please comment below