Launched in April 2018, Energi has cleared its way up to become the first crypto project to combine smart contracts, on-chain governance, community-governance, and strong treasury system within a single platform. And these happen to be the four major cornerstones of the Energi ecosystem.
Here is a quick overview of how the ecosystem cornerstones underpin the growth of Energi:
- Smart contract: Ethereum-like platform for delivery of blockchain-backed diverse digital services
- Governance: Handle changes and attacks
- Treasury: Strongest treasury in space for self-funding
- Masternodes and staking: Users to support the network against the highest sustainable incentives
Moment of glory
Energi prides itself on yielding the top staking rewards after it transitioned to Gen 3 in Q1 of 2020. Undoubtedly, the previous generations also featured a sturdy masternode reward system. However, with the full-scale version of Gen 3, the staking rewards have really started to flow.
According to the recent data from www.stakingreward.com, Energi staking rewards has bashed its close competitors. While Dash, the first blockchain to implement masternode generates only 8% staking rewards, Energi masternodes are yielding 40% staking rewards.
— Energi (@Energicrypto) April 23, 2020
Answering the “How?”
The Energi masternodes keep a full copy of the blockchain and permanently act active nodes. Additionally, these masternodes validate, store, and broadcast the transactions. In fact, masternodes are in the middle of the ecosystem and are designed with high staking rewards to encourage security and growth.
Importantly, among the masternode-based blockchains, it allocates a maximum number of token to the masternodes. The system releases close to 1 million NRG per month. Moreover, 40% of these NRG coins go to the masternode platform.
It’s thus evident that the NRG masternode holders have a lot to gain from staking.
Apart from pocketing NRG, Masternode holders also have rights to handle
- Governance – Suggest innovations in protocol and make decisions about treasury fund allocation
- Consensus enforcing and more.
That’s because Energi supports a “built-in” decentralized governance system that gives everyone with 1000 NRG stake a say in the system. However, anybody can submit a proposal but only those with 1000 NRG can vote on them.
And now with Gen 3, owning an Energi masternode has been made easier than ever. With Gen 3 full-launch, Energi has lowered the entry barrier for masternodes. An aspirant does not need to stake 10,000 NRG but can now own a masternode by staking as low as 1,000 NRG. And this has benefited the community immensely. Not only has it become easier to own a masternode but the existing masternode owners can increase the number of masternodes they own faster than before. Precisely, in Gen 2, it would have taken 2 years to gain a masternode but in Gen 3, an additional node can be owned in approximately 3 months’ time.
Win-win for everyone
Energi always advocates more active masternodes and that’s because:
- It establishes better network security and greater decentralization.
- There is greater platform scalability by growing the number of fully active nodes on it
All in all, Energi operates with a higher staking reward distribution so that it maintains its supremacy as a fully decentralized blockchain ecosystem.
Top of the ladder?
It seems the Energi development lab does not care about the bulls and the bears. The project was launched in 2018 when the blood was all over the crypto space. But the project did not pull its brakes like most of its competitors. And that’s because it did not depend on any initial coin offering (ICO) to raise funds. In fact, it became one of the first crypto projects to thrive upon its self-funded treasury that receive 40% of the 1 million NRG released per month.
As it continued to build relentlessly, Energi has pioneered what some leading projects are still trying to wrap their head around. It’s on the top of the stack not because of one particular feature. In fact, it is the combination of the right features that makes it stand out from some of the top projects like Ethereum, Cardano, EOS, DASH, IOTA, etc.
By combining smart contracts, a treasury system and masternodes, we’ve pioneered what hundreds of other projects are still striving to achieve.
Check out what sets us apart from the rest: pic.twitter.com/ShprhBvZEf
— Energi (@Energicrypto) April 22, 2020
Moreover, Energi Gen 3 rendered some marked advantages. With its smart contract capabilities, Proof-of-Stake (PoS) consensus, on-chain governance, and a self-funding treasury it is an improvement over most of the close competitors.
This also includes DASH, even though Energi was originally a fork of Dash source code. Energi has strengthened its self-funded treasury over Dash by allocating 40% of the NRG emission per month while Dash only allocates 10% of the total DASH to its treasury.
All these features add to Energi’s advantage and make its masternode setup more rewarding!
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