Telegram chat. It can be a weird and wonderful place for the sharing of ideas, questions and answers, and the occasionally amusing “hodl” GIF. In an effort to help the community have a better understanding of what’s going on with the development of the EnergiToken project, we at Energi Mine wanted to clear up a few nagging questions that have been floating around, particularly in our official Telegram channel. It took a bit of sifting through stacks of GIF and emoji spam, but here’s a look at some of our Telegram channel’s “Greatest Hits”:

Energi Mine… EnergiToken… What’s the difference?

Energi Mine and EnergiToken (ETK) are not one and the same, but they are closely associated. You can think of EnergiToken as the prized child of the Energi Mine family. Energi Mine, founded in 2016 by Omar Rahim, is the company behind the blockchain technology that is utilizing artificial intelligence for the purpose of trading energy. Energi Mine uses the EnergiToken — a blockchain ERC20 token operating on the Ethereum network — as a means of exchanging value and rewarding energy-conserving consumer choices and behaviour. The EnergiToken will also be used by participants to purchase energy-conserving equipment like solar panels and batteries from Energi Mine partners.

Why are things taking sooooo long?

This question is often asked in many a Telegram channel for many an ICO project. The truth is, in this fast-moving and volatile market, it’s very easy to grow impatient. It’s a technology that is moving so rapidly that it’s easy to experience a sort of fishbowl vision where it’s tempting to lose perspective.

The reality is, this project is moving quickly, but there are a great many moving parts, and they’re moving at different speeds. Adding partners around the world, for example, is a crucial element in the EnergiToken project’s success, but this takes time. It involves a ton of traveling, meeting, idea sharing, and eventually — hopefully — agreements with corporate partners all over the world.

In terms of the tech, blockchain itself is a young technology that is developing very rapidly. Our fine development team is attacking this project with determination and vigor, but you just have to take time to make sure things are working the way they should. Rushing tech development usually doesn’t end well for any project, and we want this to be tremendously successful when it is fully ready. There is no cure for this, except the continued strong efforts of everyone at Energi Mine, along with your supportive patience.

Why doesn’t anyone know about this great project?

This is indeed a conundrum. It comes down to a balancing act. How much of a project’s resources go to the technology and partnerships, and how much should be dedicated to marketing? The truth of the matter is, you need all of these ingredients, but the tech needs to be there before you can really go all-out with the marketing. Our focus on the EnergiToken project is getting things right and building from there — marketing is very important and is certainly something we will continue to develop — but we have to make sure our tech and partnerships are also in place.

With that big pile of $15 million raised in ETH, you guys have loads of money to blow on all this stuff, right?

$15 million is a lot of money, but it’s not an unlimited supply. Keep in mind that the value of ETH isn’t what it used to be, which does affect our daily budgets and how much is dedicated to any particular task. We are focused on priorities with the EnergiToken project that we feel will best see us through to a highly successful platform in the future. With that in mind, we must be responsible stewards of the funds bestowed upon us by our trusting community.

EnergiToken is just a peer-to-peer trading token, right?

No, it is much more than that! It’s true, the long-term vision of the EnergiToken project is for the token to be used as a currency for trading energy in a decentralized network, but it has much more immediate usage due to a number of exciting partnerships. Right now, the token is spendable toward the purchase of electric vehicle accessories via our partnership with Simply EV, for example. In addition, ETK can be used for the purchase of renewable energy equipment through our partnership with JEM energy. Energi Mine is also partnered with Electra Commercial Vehicles to incentivize the conversion of heavy commercial vehicles to EV technology. These are all utilities that ETK is already providing today.

When Binance?

Despite the predictability of the answer to this question, it bears mentioning: of course, we would love to be listed on every exchange everywhere, and Binance would certainly be a great coup for our team. This is a long, slow process and as our project grows, attention and interest will indeed grow, but we simply cannot disclose all the potential goings-on behind the scenes when it comes to exchanges.

Why is the price so low?

The cryptocurrency market is a mysterious and impulsive beast. While we would love for all of our ICO investors to be raking in huge profits, we again are at the mercy of elements beyond our control. This is a market that has seen mercilessly massive drops in values of currencies across the board over the past half year. Hopefully, we are through the worst of it and can begin to enjoy a solid recovery.

Do you guys even know what you’re doing?

The team at Energi Mine has been assembled with the goal of creating and maintaining a global energy platform that will transform the way we generate, distribute, and consume energy. It’s a big job. We have compiled a fantastic team under the leadership of CEO Omar Rahim, equipped with fine technical guidance under CTO Nikolas Kairinos, and with a strong crew reaching out and establishing more partnerships as well as promoting the project around the globe. This is a mission we believe has long-term positive implications for a better, cleaner world. We are fully aware that the task that stands ahead of us is huge, but we are up to the challenge!

Hopefully, this has helped clear up some of those questions you may have been wondering about. Please share your thoughts on these answers in our official Telegram community, and don’t hesitate to keep the questions coming!

For more information about EnergiToken and its energy-saving reward scheme, please visit www.energitoken.com, follow on Twitter at @EnergiMine or join the EnergiToken Telegram group.