This is The Weekly Coin, a weekly newsletter highlighting high potential lower cap Cryptocurrency projects.

This week in The Weekly Coin we’re highlighting Energi a coin I am not invested in.

TL;DR

Energi is a self-funding (non-ICO and No Premine) cryptocurrency that has a purpose to become the world’s leading cryptocurrency with the unification of Smart Contracts, Governance & Self-funding Treasury to ensure longevity and enable rapid growth. (r/EnergiCryptocurrency)

Bitcoin is the largest digital currency created in January 2009 (when I graded high school, sigh). Bitcoin’s purpose is to be a peer-to-peer transfer of value, that value being some sort of monetary value. For example, if I wanted to buy my next flight to the UK I could buy it with Bitcoin or if my buddy wanted to finally pay me back for the TV he broke at my place when we all were running around drunk acting like professional wrestlers, he could send the value of the TV instantly with Bitcoin. I won’t name any names but you know who you are.

💡 We’ve had 10 years to sit and brew with Bitcoin. We’ve been able to see some of the effects of the architecture decisions made by Bitcoin’s creator Satoshi Nakamoto, decisions that some think are good and bad.

One such coin that aims to be a transfer of value is Energi. There are a few coins that aim to take Bitcoin’s place as a store of value but I think Energi has its eyes on Bitcoin in a very unique and transparent way.

Energi was created in 2018 with no ICO and no pre-mine. Instead, Energi distributed coins with earn drop campaigns where users could earn up to 100 free Energi tokens (NRG) by doing things like liking a twitter post, following Energi’s social media pages, and posting comments about the project. The purpose of these campaigns killed two birds with one stone. One to distribute the coins and two to help spread Energi’s presence. This helped avoid the problem of a handful of ICO token holders owning a big chunk of the supply and being able to manipulate the price on exchanges. The campaigns resulted in 3.8M NRG tokens being distributed to over 45k participants which at the time was around 6.5 million dollars.

Energi is made up of 4 different pillars

Smart Contract Platform In Q1 2020 Energi will be releasing Energi 3.0. Energi 3.0 will result in Energi switching to the Ethereum codebase which will allow Energi to support smart contracts. This means that DeFi can come to Energi as well as make the move from Ethereum to Energi seamless. Energi will also begin giving grants and providing support via the Incubator Program for what is determined to be the most powerful upcoming dApps in the space. (The Next Level: Energi 3.0) Governance The Energi Treasury is a decentralized governance model designed with Masternodes as caretakers and stakeholders in Energi, with voting rights on how to best utilize treasury funding. This governance model reduces risk in the form of allowing participation from everyone who holds 10,000 NRG. In this way, the Energi community can work together on how to best build the strategic direction of Energi. (r/energicryptocurrency) Treasury Approximately 1 million Energi is released per month. 10% to Stakers, 10% to the Energi Backbone or the reward for the leadership of the project, 40% to Masternodes, and 40% to the Treasury. Other coins such as Dash, PIVX, and Decred all have a treasure based system but it seems as though Energi has been generating more than them monthly. The money is spent on developers, marketing, a defense team, and business development. It is important to note that the treasury is decentralized and Masternodes vote on where the money is allocated. Our approach is that every dollar we invest into our ecosystem, should yield much more than a dollar of new value added. (Energi) One nice thing about Energi is their defense team, where users can go to Energi to help with scams and hackers. You can check out the history of the treasury here. Masternodes & Staking Energi made the move to proof of stake in February 2019 and anyone can stake Energi with one Energi coin. 10,000 NRG is required to run a Masternodes. Currently, your reward for running a Masternodes is an annual ROI of around 50% as seen on Masternodes.online. Running a Masternodes will also allow you to vote on where the treasury allocates its funds.

Besides the treasury, I think Energi deeply studied and picked the best features from different projects around the cryptocurrency world. That’s not a bad thing. It’s less like combining all your favorite dishes into one, which would be disgusting and more like making a car with a great sound system, cushiony seats, good gas mileage, and highly rated safety features. Oh, let’s not forget it looks cool as hell.

Overview

CoinMarketCap Rank: 88

Current Price: $1.10

Market Cap: $29,794,488

Max Supply: 26,996,874 NRG

Where to buy VET: Kucoin, Bithumb Global, DigiFinex

Development Frequency*: Very active

I asked the Energi community over at r/EnergiCryptocurrency “What makes Energi special?” and this response sums up what my research on Energi has dug up:

I joined the original airdrop, and unlike most airdrops who promise big returns and die below a penny, they gave a solid amount of coin for solid big value, Energi then got the community BEHIND the project and delivered as everything as promised. An actual transparent company, that upon research was more than the front page rhetoric of rehashed keywords built on air. Energi has a plan and a schedule that is always pushing forward progress. Did I mention that the community is really behind this? heh. I just wish I had not lost my original account :( and yet I've kept an eye on the growth and I'm still impressed and trying to find a way to earn Energi and ride it to the moon and beyond. (also the airdrop ended up being worth more than promised!! and that is all about the people involved.) (u/BugsEbunny)

Energi seems to be about the people and for a digital currency being for the people is what we all want. I like this coin.

Love,

Ken

Helpful Links

General Resources

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I am no invested in Energi.

*Important to note that many Cyptocurrency projects have hidden repositories or do not store their work on Github.

Disclaimer: I am not a financial advisor. This is not financial advice. This is just my opinion. Always do your own research before investing. I am not responsible for your trades.