The majority of cryptocurrencies today have a system of mining in place which rewards those running their graphics card or CPUs, or specialized mining hardware. This functions as inflation or could even be seen as a type of “tax” on the cryptocurrency. Bitcoin, alone, is “burning” over FIVE BILLION dollars a year on mining.
We see Bitcoin’s massive mining reward as an overkill, and believe Bitcoin could be about as secure with only a fraction of that mining reward (as seen by Bitcoin having great network security with no corresponding problems even when the market cap and mining reward was 1/10 as it is now). If Bitcoin had a system in place similar to Energi, Bitcoin would currently have BILLIONS OF DOLLARS worth per year to allocate to development and growth. This is an enormous missed value, a gap which Energi seeks to fill.
Energi still allots some allocation to mining rewards, but takes the bulk of the coin issuance and gives it to the Treasury and Masternodes. Masternodes provide security, instant transactions and private transactions to the network, while the Treasury provides essential funding for development, user protections, marketing and other services for our cryptocurrency community, in perpetuity.
It’s important to realize how powerful our design is, while combined with strong leadership. Our Treasury funds can fund thousands of developers leading the way with cutting edge development in the space, while retaining thousands of business development and marketing specialists expanding user awareness and building merchant adoption – and even hiring lobbyists to help clear our paths and navigate through existing world government bureaucracy. Check out our Roadmap to get a better picture of where we are going.