What is Energi (NRG) and should you buy it?

Energi (NRG) is a unique cryptocurrency project because it is much more than a coin. It’s a robust basic blockchain, much like Bitcoin or Ethereum, with full smart contract capabilities. But before we explore the breadth and depth of its other offerings, let’s take a look at Energi’s smart contract functionality.

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Energi 3.0 has smart contracts

Smart contracts are mini computer programs that run on a blockchain. They are useful because they execute or negotiate a contract without resorting to a third party. So, smart contracts don’t need lawyers, brokers or intermediaries of any kind to take effect. Smart contracts were developed to lower fees for a wide range of transactions, while providing better security than traditional contracts.

Energi 3.0 is compatible with applications written for the world’s largest smart contract platform: Ethereum. This means that users and software developers can easily switch to Energi’s smart contract platform. The move has become even easier with the launch of Energi’s Bridge feature, which seamlessly moves Ethereum-based ERC-20 assets between Ethereum and Energi.

ERC stands for “Ethereum Request for Comment,” a programming standard developed in 2015 that creates and enables smart contracts on the Ethereum network. So anything that can work on Ethereum’s $ 405 billion blockchain can work on Energi’s blockchain.

In the same way that app stores on mobile devices want to attract the best apps for users, Energi wants to attract the best decentralized application developers (dApps) to its blockchain. The Energi Bridge allows this. These software developers can take advantage of Energi’s smart contract platform to continue working on their Ethereum-enabled dApps while benefiting from Energi’s defense team and its incubation lab, which provides support technical and marketing. These perks help position Energi for a potential breakout and make it an investment worth considering.

Energi Defense Team is a unique security function

The Energi Defense Team – including the Energi Bureau of Investigation (EBI), its version of the FBI – are unique differentiators of this blockchain. The sole purpose of its defense team and the EBI is to protect the Energi community from criminal activity, hackers, and crooks. The Defense team is made up of cybersecurity experts and veterans of the intelligence community, including the FBI and CIA. No other crypto has this.

Understanding the four pillars of Energi

At the foundation of Energi are its four pillars, the technological cornerstones that set it apart from any other crypto project today.

  1. His smart contract platform, compatible with Ethereum and ready for applications in decentralized finance and non-fungible tokens (NFT).
  2. Chain governance vote on programming updates, marketing activities and security measures. These measures include its proprietary recovery tool, which enables fund recovery for scammed users; a three-day waiting period to finalize transactions (allowing time to detect and report fraud); and 24/7 customer service.
  3. A powerful master node network, which functions as a second level of consensus in addition to the first level proof of stake, ensuring the integrity, transparency and accuracy of the Energi decentralized ledger. Its two-layer system also ensures that it can scale to meet higher levels of use and demand. Energi is designed to handle tens of thousands of transactions per second in a stable, decentralized network – it’s a much larger scale than Bitcoin and Ethereum combined can currently handle.
  4. Energi has a self-financed cash flow, which allowed it to launch in 2018 without any external financing, venture capital or initial coin offering. This new cash model guarantees Energi’s independence, its commitment to its user community and its ability to pivot according to macro conditions. Every month, the Energi network releases 1 million new NRG coins, scattered in the following areas:
  • 10% is allocated to investors who, rather than trading, put their NRG tokens to power Energi’s Proof of Stake Consensus Model to authenticate, validate and codify new blocks that are added to the Energi blockchain.
  • 10% goes to the Energi executive community as compensation.
  • 40% is allocated to Energi’s cash flow and is used for development activities, marketing, customer support, defense team, business development and other expenses.
  • 40% is distributed among people who manage masternode servers.

Additional features

The developers launched the EnergiSwap decentralized exchange in the first quarter of 2021. A Decentralized Exchange (DEX) is an automated cryptocurrency marketplace where users can easily exchange coins or tokens. (For clarity, coins run on their own blockchains, while tokens run on another blockchain.) With DEX transactions, no third party negotiates the transaction, so this is called an “unauthorized” transaction. DEXs run on smart contracts. The blockchain and smart contract execute transactions without credit verification, bank approval, or delay.

Two other innovative aspects of this ecosystem include Energi Arcade, an interactive social environment for Energi users to have fun and build reserves of NRGs by performing tasks and games, and Energi Impact, an educational platform with free video tutorials on personal development and self-awareness.

Additionally, the Energi team has publicly announced its intention to launch “yield farming” (a way to increase the number of digital funds by lending your coins to others via interest-bearing smart contracts), as well. as its intention to launch an Energi NFT market. . These latest improvements almost guarantee wider adoption of the Energi platform.

While some crypto projects may have one or two of these technology drivers or community building elements, no other has them all on the same scale. This gives Energi a unique competitive advantage, making it a viable investment consideration.

Energi Basics (NRG)

What he does: Energi is a Layer 1 blockchain with its own DEX, a security defense team, 24/7 support, self-funded treasury, smart contract platform, user gamification site, etc. It also has its own NRG crypto currency, designed to be a store of value. and a method of exchange – making it an ideal form of digital money.

Release date : April 14, 2018

Market capitalization: $ 89.53 million (CoinMarketCap, October 2021)

Availablity: It is available on several major DEXs: Kucoin, Uniswap, DigiFinex and its own EnergiSwap DEX. Energi offers a custom wallet that you control, or you can use the Metamask dApp wallet feature.

Should I buy it?

Since its creation in 2018, Energi has built and completed more than the vast majority of competing projects. Along with its DEX launch, it offers a blockchain upgrade to allow smart contracts and its own bridge to transfer ERC-20 tokens to the enhanced Energi blockchain. ERC-20 tokens are specially designed to work on the Ethereum blockchain.

Energi looks very similar to the long-awaited Cardano (ADA) project, but Energi (NRG) has actually rolled out and is already doing everything Cardano plans to do in 12-18 months. Additionally, NRG has a grossly undervalued market cap of $ 89.5 million and is in a much better position to achieve a 100-fold increase than Cardano – such an increase would place NRG at $ 8.9 billion. Considering all of its current use cases and features, this valuation would still make NRG a good deal compared to Cardano’s total market cap of $ 71.4 billion.

Here are some other benefits to consider:

1. Passive income

NRG coin staking allows your unused coins to generate annual returns, at over 15% according to StakingRewards.com at the time of writing. It also allows anyone with 1,000 NRG coins (approximately US $ 2,040 at the time of writing) to establish a masternode, which generates an additional 17% annual percentage return. Finally, Energi plans to enable yield farming on EnergiSwap soon. These are three possible ways to make your NRG coins work, when traditional banks offer pocket change for interest on savings accounts.

2. Decentralized freedom

Energi investors benefit from unlimited access to their funds, thanks to its decentralized design. There are no middlemen, approvals or credit checks, due to its transparent and unauthorized system. This is not always the case with other assets or fiat currencies.

3. Security against fraud and scams

The Energi Defense Team and Energi Bureau of Investigation exist to protect users and community members. They have identified and brought to justice several fraudsters, including the biggest con artist on Discord. Since the launch of EBI, Energi claims to have reduced cybercrime within its ecosystem by more than 70% – no other project can credibly make this claim and prove it.

4. Current and pending use cases across its blockchain

Energi is a layer one blockchain with its own decentralized exchange, security defense team, 24/7 support, self-funded treasury, smart contract platform, user gamification site , multiple passive income streams, a planned NFT market and more. Its NRG coin is designed to be both a store of value and an efficient method of exchange. There are a limited number of projects that offer this high level of value at a bargain basement price.

At the end of the line

Energi offers a tremendous amount of utility, value, and growth potential. It has quietly laid the groundwork as it continues to work towards its lofty ambition of becoming “the world’s leading cryptocurrency platform” and is ready for a major pump.

Its only major downside is that it is not currently available on any centralized exchange, such as Coinbase, Robinhood, or Gemini. But that doesn’t change its enormous potential value, which continues to grow.

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