NRG is the native asset on the Energi platform, a fork of the Dash protocol that launched in April 2018. The platform is capable of running and preserving smart contracts and decentralized applications. The NRG token is used to drive mainstream adoption of digital assets by maintaining its self-sustaining treasury system and crowd-sourced governance.
Enregi has a robust system of masternodes that integrate self-governance and transaction validity into the platform. The project attributes its success thus far to a favorable tokenomics structure and talented leadership. The team consists of more than 50 active contributors that work to further develop and maintain the protocol.
The development of Energi was initiated by Tommy World Power on the 4th of July 2017. Tommy World Power self-funded the project for its first year until it eventually launched on April 14th, 2018.
“Cryptocurrency is a revolutionary new technology which brings an enormous realm to freedom to money. However, even after ten years, cryptocurrency adoption is less than 1% of the world population. We work to bring cryptocurrency to everyone.
To achieve mass adoption, we started by having first created a very strong foundation. Energi didn’t have an ICO or pre-mine and was thoughtfully designed to have a strong Treasury and Masternodes incentive system. Our Treasury is significantly larger than any other major cryptocurrency. Energi’s Treasury is decentralized and Masternodes vote where to direct funds. This allows Energi to pay contributors, and as Energi grows, the Treasury budget will grow to allow for more collaboration, leading to more growth, etc, a positive feedback loop
Besides having a strong Treasury, the other critical aspect is ensuring the funds are utilized most efficiently – generating great value in return for the funds spent. In Energi, we work to identify and encourage activities that bring us the absolute greatest value back in return for what we spend on those endeavors. Our approach is that every dollar we invest into our ecosystem should yield much more than a dollar of new value-added when spent appropriately in development, marketing, and impactful campaigns that expand our reach.”