Energi update: NRG Live price, price chart, news and markets

The NRG price update as of now is $0.05965. In the previous 24 hours, its trading volume was $306,659, and its value has decreased by -1.72%. As of now, NRG's live market cap is $4,981,145, and it is ranked as the #1364 on the Coincu. NRG has a circulating supply of 83,500,818 and a maximum supply of 83,500,818.

The Definition of Energi

Energi, also known as NRG, is a cryptocurrency that was introduced by Tommy World Power in 2017 and officially launched on April 14, 2018. The unique aspect of Energi is its decentralized treasury system, which is financed through the continuous release of mined coins. This system allows for the sustainable growth of the platform and the advancement of the smart contract system.

Distinctive Attributes of Energi

Energi, unlike other cryptocurrencies, did not go through a pre-mine or initial coin offering (ICO), which means it was not sold at an initial price. Consequently, it is not influenced by investor pressure.

Starting from February 2019, Energi has transitioned from a Proof-of-Work (PoW) mechanism to a Proof-of-Stake (PoS) mechanism, incorporating Masternodes and Stakers. This transition has significantly reduced energy consumption and the expensive costs associated with mining.

The total supply of NRG Coins has no limit, with 1 million NRG Coins generated each month. These coins are distributed as follows:

• 40% of Energi is allocated for the treasury, which is used to incentivize the team and support the development of Energi's educational projects and activities.
• 10% of Energi is designated for the Backbone.
• 10% of Energi is distributed to stakeholders based on their percentage of NRG holdings.
• 40% is set aside for Masternodes as an incentive.

Overcoming Challenges with Energi

In the blockchain ecosystem of the Energi platform, NRG Coin plays a critical role. The creation of NRG Cryptocurrency aims to address various challenges and incorporates characteristics such as Trust, Awareness, Usability, and Availability.

The Energi team is committed to establishing an ecosystem that supports dApps and Cryptocurrency on the Energi platform. They provide services such as:

• Energi Defense and Energi Bureau of Investigations (EBI): These services offer protection against hackers, scammers, and other malicious actors.
• Energi Engineering Support and Energi Development Portal.