Frequently Asked Questions (FAQ)

Where can I see the coin specs?

Here.

 

What makes Energi special?

See this page.

 

Is there a limit on the number of coins?

No, putting a cap on the number of coins would mean the inevitable end of Treasury emission and Masternode rewards, which are pivotal to the survival and growth of the network. We see no reason to put such a “death sentence” on Energi. We also don’t want to dwindle down too heavily in inflation over time, as the inflation is the engine that fuels Energi’s funding, if anything we may consider increasing inflation in the future if needed to accelerate Energi’s growth (as we see that every dollar spent in Energi, if spent well, can yield more than a dollar in added value back, thus a positive feedback loop, and something beneficial).

 

Was/Is there an ICO? 

No, see Energi Backbone section below.

 

What is the Energi Backbone?

The Backbone consists of TommyWorldPower (the creator of Energi), and anyone he choses to share with privately. It’s his reward for the ~year he spent designing and creating Energi, and gives him power to direct the network, as it is often overlooked how important leadership is in cryptocurrency. This allocation gives Tommy a strong say over the governance of the network- not an overwhelming say, but strong enough to guide the network. It’s important to be aware that every cryptocurrency and cryptoasset is centralized to a degree, usually around their core team. This is fine as long as the community has a say and ability to veto if needed (which will be accomplished in Energi with the generous airdrop campaign Tommy designed to distribute Energi over the coming months). More importantly, the inevitable centralization in cryptocurrencies is fine as long as the leaders are good leaders, have good vision, and have strong ethics. Tommy seeks to lead from a place of love and compassion, over time Energi will attract people in alignment with these values (and these are the people who will stay long term).

For perspective, Tommy passed on doing an ICO, in which he otherwise would have sought to raise ~$20M (and pocketed many of those millions himself), as well as keeping a minimum 10-20% stake upfront for himself.

He passed on doing an ICO (which is quite rare in the space these days), and opted instead for a modest 10% on-going stake. This is¬†similar to a 3 or 5-year distribution that some ICO’s are doing, but rather than 3 or 5 years, the incentive to lead the network is spread out over its lifetime, and thus is only rewarded gradually over time. This is a very effective and innovative model in that it incentivizes Tommy to ensure the prosperity of Energi, not only for the short or medium term, but throughout its lifetime.