I know some of you all are lazy, so here is some research I found on EMC2 (this sounds freaking AMAZING to me!!!:
"The coin, referred to as EMC2, is designed to underpin a scientific research funding platform. Basically, people mine the coins and a certain percentage of the mined coins are allocated to various scientific research projects across the globe. The decision as to which projects get funding is reached by consensus, with holders of the EMC2 coins voting on a shortlist. Once the recipients are agreed upon, they receive their funding in the form of EMC2, which they can then exchange for fiat or whatever is necessary to pay the bills." Source: https://insiderfinancial.com/heres-whats-behind-einsteinium-emc2s-latest-run/174084/