Energi (NRG) operates as a next-generation Proof of Stake (PoS) cryptocurrency. Built on the Energi blockchain, it merges Ethereum smart contract compatibility with a self-funding treasury, decentralized masternode governance, and both Layer 1 and Layer 2 protocols. Additionally, NRG functions as the governance token for the Energiswap decentralized exchange.
Supported by the NRG treasury, the Energi organization acts as a blockchain-based financial technology provider. Established with the aim of offering secure, decentralized financial solutions, Energi currently has a team of more than 60 contributors located across 5 continents.
Key Features of NRG:
- An Ethereum-Compatible blockchain featuring smart contract capabilities to facilitate DApp development.
- Financial support from an economically-optimized, self-funding treasury designed to sustain maintenance and accelerate project growth.
- On-Chain Governance managed by a masternode network to direct strategy and ensure user protections.
- Speed and Scalability achieved through a Layer 1 and Layer 2 network that allows for sustainable throughput.
The NRG Economic Model: Each month, 1 million NRG are released and distributed among the Energi Treasury, Masternodes, Stakers, and Backbone. The allocation breakdown is as follows:
- 40% to the Energi Treasury
- 40% to Energi Masternodes
- 10% to Energi Stakers
- 10% to the Energi Backbone
TREASURY The treasury at Energi is self-funded. These funds cover expenses for product development, marketing, merchant adoption, and expanding the team.
MASTERNODES Masternodes primarily stabilize the network by validating transactions. Secondarily, they handle governance by submitting and voting on proposals that shape long-term strategy and resource distribution for Energi. Owners receive a larger share of staking rewards as an incentive.
STAKING Staking allows users to ‘stake’ their NRG on the network, meaning they validate the transactions needed to create a new block. This offers a straightforward method for users to utilize the Proof of Stake mechanism and earn rewards.
BACKBONE Rather than conducting a pre-mine or an ICO, Energi’s founder opted for distributed compensation over time. This approach links his financial gains from the project to Energi’s long-term success and sustainability.