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?

To incentivize on-going leadership for Energi, Energi allocates a modest 10% on-going reward to the Energi Backbone. This is less than most ICO’s today, rewarding founders with typically between 20%-50% of tokens distributed. The Backbone consists of TommyWorldPower (the creator of Energi), and anyone he choses to share with privately as reward for the over year he spent designing and creating Energi.

For perspective, Tommy passed on doing an ICO for Energi (which is quite rare in the space these days), in which he would have sought to raise $20 million (from which he could have pocketed a hefty amount himself, as well as keeping a minimum 10-20% stake of Energi as well).

Furthermore, unlike most tokens today which reward the founders up-front (and are often given in a lump sum allowing the founders to dump their coins and leave the project 6 months later), Energi instead gives an on-going 10% allocation through each block reward. This is similar to a 3 or 5-year distribution that some ICO’s do, 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. Thus for the Backbone to prosper, Energi has to continue to be successful over time — not only for the short or medium term, but throughout its lifetime. We believe this incentive model is superior and will become more common and standard in cryptocurrencies in the future as it aligns founder and investor interests.