Introduction: From Tommy

Following from recent Discussion in general channel (discord), I am proposing a change to Energi Emission Schedule in order to achieve 2 things:
- Reduce Energi's inflation in order to reduce the amount of coins being sold on the market - while preserving the Treasury allotment which is critical for paying devs and other contributors to sustain Energi.
- Making Energi's DeFi suite more competitive - as currently Masternode rewards are yielding 22% per year and has resulted in Energiswap experiencing low liquidity due to liquidity incentives unable to compete with Masternode rewards.

It's important to note that when I initially designed Energi's tokenomics in 2017, DeFi didn't exist. Since the rise of DeFi in 2020, it has become apparent that providing good yields for providing liquidity is critical to the growth of the DeFi ecosystem on Energi, and that it is wise to reduce network rewards to make DeFi offerings attractive and incentivize more of our community members to participate.


Proposed Changes:

Currently Energi is emitting approximately 1 million NRG per month, broken down into:
400k to the Treasury, 400k for Masternodes, 100k the Backbone, 100k for Stakers.

The proposed change is adjust the total emissions to 500K NRG per month, broken down into:
350k to the Treasury, 100k to Masternodes, 25k to the Backbone, and 25k for Stakers.

Note that all categories have been reduced to 1/4th, except for the Treasury which has been adjusted down just slightly. It's important to be aware that while the network can readily sustain itself with 1/4 of the nodes, the Treasury needs to be kept as strong as possible as it is critical for paying contributors to maintain the blockchain and attend to any critical fixes, as well as maximize development speed and marketing capabilities.


Expected Results:

- Significantly less coins being sold on the market every month by node operators, which should reduce sell pressure for NRG and help NRG appreciate in value.
- Easier to retain higher prices (assuming half of NRG that is staked or in Masternodes is sold, at a $1 price point we would previously have $250k of sell pressure per month, with proposed changes it would be only $62,500, thus making it easier to retain higher prices/valuation and gain more interest from the wider cryptocurrency community).
- Initially less nodes, but more than enough to maintain the network (but with NRG increasing in value and attention, could ultimately result in more nodes).
- Greater DeFi participation for Energi, with much greater incentive for people to participate and provide liquidity for NRG trading pairs, which everyone wants.


Voting:
You can vote for the proposal here: https://nexus.energi.network/treasury-budget/
The proposal UUID is: e8680fa8-42fc-4732-bc32-73d6ddf19fd7


Final note - Assuming the proposal passes it will require a hard-fork and take at least a few months for changes to go into effect, though we will begin the process to get the above changes underway as quickly as possible.

As always a pleasure to see you here and in reddit. Take care of yourself

Glad it is all sorted  You can check your balance in bot commands or in DM to the bot //bal

If you would like to have your account looked at please feel free to send and email with your discord long ID to support@energi.world.

Energi Core Node v1.1.4 has been released! You can download the latest release at: https://wiki.energi.world/en/downloads/core-node

Always a pleasure to see you. Hope you had a good holiday season and wish you all the best for 2023.0

Announcement

$1M NRG BUYBACK WITHIN THE NEXT SIX MONTHS Energi is officially announcing its plan to buy back NRG within the next six months for a sum of 1 Million USD worth of NRG.

Click for Details.

https://medium.com/energi/1m-nrg-buyback-within-the-next-six-months-1ac1295b1516

Announcement:


We are super excited to bring GEM into Energi, they are a powerful partner and will provide us enormous support for our upcoming NFT ecosystem!


https://finance.yahoo.com/.../energi-secures-50-million...

These projects had the highest trading volume on #Energiswap in the past 24 hours!

$NRG - Energi
$ETH - Ethereum
$AVAX - Avalanche
$KP3R - Keep3rV1
$DAI - DAI Stablecoin
$SOL - Solana
$CRV - Curve DAO
$BTC - Bitcoin
$DOGE - Dogecoin
$EGLD - Elrond

http://nrg.click/bct-energiswap

Bridge v1.1.0 has been released https://bridge.energi.network/

Added:  Mainnet assets: OMI

Changed: Minor text updates

Fixed: Decimal values bug

These projects had the highest trading volume on Energi’s #DEX in the past 24 hours!

$NRG - Energi
$DAI - Dai Stablecoin
$ETH - Ethereum
$MATIC - Polygon
1INCH - #1inch
$AAVE - AAVE
$DOGE - Dogecoin



https://nrg.click/bct-energiswap

These tokens had the highest trading volume on Energi’s #DEX in the past 24 hours, excluding NRG and stablecoins!
 
$ETH - Ethereum
$SOL - Solana
$BTC - Bitcoin
$DOGE - Dogecoin
$MATIC - Polygon



https://nrg.click/bct-energiswap

These tokens had the highest trading volume on Energiswap in the past 24 hours, excluding NRG and stablecoins!
 
$SOL - Solana
$ETH - Ethereum
$DOGE - Dogecoin
$MATIC - Polygon
$FTM - Fantom





https://nrg.click/bct-energiswap

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These tokens had the highest trading volume on Energi’s #DeFi exchange in the past 24 hours, excluding NRG and stablecoins!
 
ETH - Ethereum
BTC - Bitcoin
MATIC - Polygon
FTM - Fantom
SOL - Solana

https://nrg.click/bct-energiswap

These tokens had the highest trading volume on Energiswap in the past 24 hours, excluding NRG and stablecoins!
 
ETH - #Ethereum
BTC - #Bitcoin
SOL - #Solana
UNI - #Uniswap
MATIC - #Polygon

https://nrg.click/bct-energiswap