Energi did not look good in the picture of events linked to the alleged 50M investment deal by GEM Digital Limited.
I believe there was a failure to protect the organization and its investors.
Energi could and should have done their homework.
The alleged deal was reported on May 20, 2022 on Yahoo Finance.
Between the 20th and the 22nd of May there was an increase in the price of NRG of almost 100%.
One week later the price was at the previous levels and two weeks later it was below the May 20th levels.

I believe the situation should be explained in detail and investors updated on the alleged legal process that Energi has taken against GEM Digital Limited.
Anyway, for those who are interested, I found this article that seeks to explain the, to say the least, dubious way of acting by GEM Digital Limited:

"
Behind the VC high roller GEM Digital: an absurd secrete capital game
Author: Hu Tao and @BlockCookies , ChainCatcher

With a committed investment of more than $1.6 billion in half a year, GEM Digital is the most “extraordinary” crypto venture capital institution, but there are many unknown but rather bizarre inside stories behind it.

Amid the weakened crypto market, VC institutions have rolled out strategies to slow down investment frequency, with one exception called GEM Digital. The latter one, an emerging VC institution, has gained much attention in the industry from its high frequency of investment and staggering investment volume.

In the past half year, GEM Digital (with its related fund called GEM Global Yield) has invested in at least 16 crypto projects, with over $100 million single investment each in Venice Swap, Naetion, KaJ Labs, Unizen, Unizen, and H2O Securities, and committed investment funds over $160 million, which may exceed any other crypto VC institution.

On July 18, GEM Digital announced again that it would sign with the blockchain tourism ecological project Travel Coin on an investment commitment reaching $35 million. After the announcement, the price of the project token has raised by as much as about 50%. But the ChainCatcher reporter found that its token has dived linearly over 95% with its current fully diluted valuation (FDV) less than $5 million even after the rising on its announcement day. So why would GEM Digital invest $3.5 million in this project with such a valuation?

The situation is not unique. GEM Digital has invested in many such projects. For example, on May 18th, KaJ Labs announced its secured investment commitment of $400 million from GEM Digital Limited, whose project token LITHO only registered an FDV of $4.7 million. The same situation happened to Peculium and Energi.

At the same time, most of the investment projects of GEM Digital are less well-known and have few highlights in the business module. Also, almost all of the investments from GEM Digital come alone without any cooperation with famous VC institutions. These things all point to its weird manner.

So GEM Digital is willing to be taken for a ride? Why would it spend so much amount in projects whose market value is far less than the investment amount? We can have a glimpse of its monkey business from the wording“Investment Commitment”.

In most of the other funding news, the investment institution directly announces its investment to the project party, but GEM digital normally announces its investment commitment. From the wording, investment commitment means that the project party commits another project party that it will invest a certain amount of funds, which may not be delivered in effect. In one funding news of GEM Digital, the project party says the investment is not a direct one, but rather it depends on the milestones and performance to ensure that funds can be used carefully.

But according to the ChainCatcher interview with one project owner, the so-called“investment commitment” has many mind-blowing insider information. The project owner says that GEM Digital once contacted them by email, and promised to invest $50 million. But during the contract signing, she found that the institution would not directly give them funds, but instead they would fill up the investment with the profits gained from token selling.

That means, the investment agreement of GEM Digital is more like a cooperated market smashing and profit-sharing agreement, where two parties sign the high-value investment agreement, spread news signalling a promising market, and then smash the market together to gain profits. Its previous invested tokens all show the same performance, where users have to pay for it at the end of the day.

According to Coinmarketcap data, after the funding announcement of LITHO token, its price skyrocketed to $0.0016 from about $0.008, but 10 days later it dumped to about $0.0013. Other tokens also have the same performance in candlestick chart.

The project owner mentioned before said, “This is using media to manipulate the community. I feel like we would be doomed if we cooperate with them.”Most of the funding news of GEM Digital was published on platforms such as Yahoo Finance and PR Newswire, and also reported by mainstream crypto media such as Coindesk and Cointelegraph. Its weird and strange insider story fooled half of the crypto media circle.

This ploy is not original, and it comes from its parent company Global Emerging Markets (hereafter referred to as GEM). Its official documents show that GEM is a $3.4 billion alternative investment group that manages a diverse set of investment vehicles focused on emerging markets across the world. It has completed over 500 trades in 72 countries and set offices in Paris, New York, and Bahama. Specifically, the company’s investments include minority equity investments and control acquisitions in many traditional sectors such as environmental technology, pharmaceuticals, agriculture, energy, and real estate development, but none of the portfolio companies is well-known. These include China Timber Resources Group Ltd, China PetroTech, and Heng Xin China Holdings Limited, which are poorly documented after a search, with Heng Xin China having been compulsorily delisted many years ago.

GEM also shows a generous investment style with investments reaching tens of millions to hundreds of millions of dollars. Its investment has far surpassed its claimed $3.4 billion, with most of the time “investment commitment” occurring in news.

In summary, GEM and its sub-institutions prefer projects with plain business development and less fame, and mainly take the abnormal and low-entry-bar investment strategy of investment commitment. Based on its long made-up reputation, it conspires with projects wanting to send good news, to create this secret and absurd capital game, which raises alarm bells to all members of the crypto industry.
" - https://chaincatcher.medium.com/behind-the-vc-high-roller-gem-digital-an-absurd-secrete-capital-game-6d365de6bd9f

Of course I cannot verify all the information in the article. Do Your Own Research.

"Energi Defense and its investigative arm, Energi Bureau of Investigations (EBI), serve to protect our community from hackers, scammers, and other bad actors in the space. Our elite team ranges from veterans of the Cybersecurity industry to veterans of the Intelligence Community (FBI, CIA, etc).
Those who seek to harm our community will be swiftly dealt with and referred to our law enforcement partners for prosecution in their respective jurisdiction. Energi is unique and forward-thinking in the cryptocurrency space as we provide this vital service to our community and has a Treasury system in place to vigorously support it and our community’s future growth." - https://energi.world/energi-defense/

May the lesson be useful in the future.

Everything is fine, thank you.
The pair NRG/BTC (not NRG/ETH) has registered a large volume of transactions in recent days. Today it reached a very high volume without the price having a significant variation. I believe transactions are mainly carried out by bots.
Although from outside (for known reasons), I have been following the project. I hope things can get better.
Good luck!

Will Kucoin delist NRG?

What are the reasons?

Attacking people should not be the purpose of this discussion.
I think it's important not to lose focus.

I read about earndrop many times.
It means the team didn't give people anything.
In exchange for promoting the project on social channels, the team paid these people a few coins.
The team has benefited greatly from the dedicated work of the community.
Furthermore, not everyone in the community participated in these events.
It is important, once and for all, that this issue becomes clear.

I read a lot of messages from the "team" saying that people who are not happy with the project should have done a more efficient investigation before joining and, instead of expressing their sadness and asking uncomfortable questions, should leave.
I agree... in part.
How is it possible to do a good research of the project if all negative opinions (on most social media) are removed by the team?
How is it possible to do a good research if all pertinent questions about the project are discouraged?
We only found amazing and fantastic things.
Finally, whoever wants to leave has to wait 3.5 days (if the reliable exchange(s) are not closed for maintenance).
Of course, in my personal case and ultimately, I assume the error of entering the project.
The research I did on the project was (I see now) far from acceptable.

I don't leave this project because of the poor price performance.
I leave the project for the degradation of its value.
I leave this project because I was pushed.
But mostly, I leave the project because I completely disagree with the vision and posture of its leader and his followers.
Personally, in this community, I feel voiceless and even breathless.
The team should try to listen to the community and not silence it.
It's not a nice philosophy.
I'm not "good vibes" for the project and so I know you won't be too sad about my departure.
But I think I can live with this heartbreak.

I was accused of leaving lies.
I was careful to mention the sources of my information.
However, I do not consider myself the owner of the truth and I am not immune to error or infallible.
If you have evidence that I lied, I'm in favor of exposing it.
Please list each of my "lies" and provide evidence that I lied and you are telling the truth.
I appreciate it if you do.

I don't want to finish without raising a few more questions:
Why is it that after my research into Energiswap I came to the conclusion that it is a centralized ecosystem?
It's my thinking but I suggest readers do some research for themselves.
It is important, in my view, to clarify in more detail how Energiswap works.
From audits of the source code of contracts, to the blocking and collateralization of assets in the different blockchains, including the custody of private keys.

I hope that my interventions here can contribute to some clarification for the community and for new people who may come across the project in the future.
I don't wish the team or the project anything bad because it's not my way of being in life.
I admit that the project can even grow but the success cannot be at any cost and frankly I only see a few glimpses of the sun in a sky laden with dark clouds.

I finished selling all the assets I had from the project.
For ethical reasons and self-consciousness I started selling only after starting this discussion.
Unlike usual, I sold at a slight loss but in this case I didn't mind making an exception for you.

Finally, I know you always win, because you are so many and keep increasing.
I'm just one and I'm out of energi.

Best regards. 

I like bitcointalk.
Even people and organizations that are against freedom of speech can write their opinion.

"Energi delivered all that they promised. There is no single road-map point that was skipped." - ONEnergy (November 06, 2020, 11:43:08 AM)

https://bitcointalk.org/index.php?topic=4912743.msg55532065#msg55532065

Is the quote still valid?

Best Regards.

- With so many different roadmaps it is not possible to believe that the current roadmap will be respected.
- A team that cannot present deadlines for corrections or new features in its project is because it does not know its code and is in a maze with no way out.
- One million coins are produced every month and the demand is none. After all what practical use the NRG coin has other than accumulating more by staking or in a masternode. There is no payment system or Dapps ecosystem. There is nothing really useful or practical. There is no added value. It's a ghost blockchain.
- I wouldn't be surprised if a proposal for Masternodes with 1,000,000 coins is soon presented (and approved) since the vast majority of the coins are concentrated in the team and in an exchange. For this type of "whales" 100,000 coins per masternode is too little with so many coins being created every month.
- In practice, the system is completely centralized in one person. It is almost a "messiah" and an embattled religion in which the culture promoted is fanaticism through followers who have abdicated self-criticism and self-thinking. The masternodes don't govern anything. Even if masternodes were important for ecosystem governance the result would be the same as the vast majority of masternodes belong to the team.
- It's ridiculous to compare with ethereum when you can't trust the system due to repeated chainsplits and lack of commitment to solving the very serious problem. Also, won't there be some assets in the energiswap that only have thin air as collateral? It's not an accusation, just a legitimate question.
- The many paid marketing campaigns are just to try to bring more people and their money to feed a dying machine. You can manipulate the price as you like (I'm not saying you do but you have the tools to do it) but I see a scheme without fundamentals that is about to collapse.
- The team, starting with its leader, should be humble and honest with the community that has always supported the project and supporting is not just saying "yes". Support is to point out what is wrong and alternative directions that can be discussed and voted on. But after everything I've seen I confess that I don't know if the intentions of the people who manage the project are good (it's my personal opinion).
- Many promises and many disappointments. What the team gives to the community is just a handful of nothing. Too many red flags.

Why do they react so violently? Fear.
They hide behind "good vibes" and empty words but nothing is forever.

Must read for all Energi fans:

Interesting article:
https://medium.com/@andvgal/cryptocurrency-of-the-3rd-generation-lessons-learned-2f36d18587f

https://bitcointalk.org/index.php?topic=5244342.msg54348509#msg54348509
(link extracted from article)

I assume the author is known (appears in the photo next to "King"):
https://web.archive.org/web/20190403084808/https://www.energi.world/team/

Finally, Mr. "Holukai": my name is José Ferreira (no photo because i'm a little ugly).

DYOR

“If you tell a lie big enough and keep repeating it, people will eventually come to believe it."
https://www.tradingview.com/symbols/NRGBTC/?exchange=KUCOIN

Although some topics remained to be debated, I feel that what was exposed here is enough to alert potential victims of your tricks.
Of course I will cut any link with your project but on my own terms and not yours... and, of course, after the 5000 confirmations unilaterally decided by the "backbone".

bye.

NRGBTC
-95% from ATH.
89500sat (2019.06.25)
4188sat (2021.07.02)
Aprox: -95.2%
(source: https://www.tradingview.com/symbols/NRGBTC/?exchange=KUCOIN )

Carefully read what I wrote: I don't lie.

No-ICO or Premine.
That doesn't justify you being able to lie and manipulate.
No-ICO or Premine... and no FUD (different opinions).
But a lot of paid (fake) marketing and fake roadmaps.
People need to know who you really are: wolves dressed as lambs.

When Energi came along, it seemed like a different project with noble purposes.
That's what got my attention.
But after all this time, it turned out to be bullshit.
Pathological liars will always be averse to the truth.
They are always correct and are heavily attacked by people who think differently.
These discussions are a waste of time.
I realized through my research that there are a lot of shitcoins, but worse than that, it's a project full of bullshit.
I apologize for possibly being rude, but sometimes I can't find the right words to translate the feeling I want to pass.
It's a shame, but things are what they are.

You do not know me.
When I help someone I don't advertise.
I don't use the suffering of others to promote my projects.
I don't depend at all on your project.
I know money doesn't grow on trees (speaking of trees: how many trees has Energi Impact planted this year?)
I don't want to prolong this conversation either, but when I find so much concentrated moral superiority I have some difficulty holding back.
Best Regards.

"
Q1 2020:

Venezuela Adoption Campaign begins — Energi will begin starting to build utility in countries suffering most due to poorly functioning currency and payment systems. Merchants will be supported for accepting Energi and helping their customers use Energi. We want an Energi QR code in front of every store checkout in Venezuela.
" - https://web.archive.org/web/20190511151943/https://www.energi.world/roadmap/

I suppose you don't live in Venezuela...

https://web.archive.org/web/20190511151943/https://www.energi.world/roadmap/

Try to delete this "FUD" or "Scam" if you can.

Good luck and goodbye.

NRG => NRK (North Korea)

Banned from the telegram group for this:


NRGBTC
-95% from ATH.
200 days below 8000sat.
48 days from a golden cross to a deadly cross and broken trendline.
turtle team
No roadmap commitment (Energi X was the last disappointment)
Lots of marketing (paid) without any impact.
In short: No fundamentals and nothing positive on TA.
looks bad

"
Q4 2019:

Energi Mobile Wallet — Designed to be as easy to use as Venmo and Cash App,
being able to sync with phone contacts, and making Energi payments easy
for users and merchants. Will also be expanded to feature one-click conversion
between Energi and Energi Gold (a stablecoin built in Energi like Maker’s DAI,
pegged to the price of gold).
Upon the Energi Mobile Wallet completion, we will start major campaigns begin
for pushing Energi adoption worldwide, targeting the countries where it's most
needed.
"

Any comments?

Fraud, theft, scammers, liers.
I was recently victim of fraud and theft by a company (exchange) that claims to be properly registered in Hong Kong and Estonia.


"Liisi Närep ******** 7 de setembro de 2020 às 10:56
Cc: Rahapesu ********@politsei.ee
Hello!
Thank you for your information. Hotbit is not registered in Estonia and does not have Estonian lisence.
Best regards,
Liisi Närep

Estonian Financial Intelligence Unit"


"Dear Sir/Madam,
Thank you for your email of 08/09/2020.
According to our Public Register of Licensed Persons and Registered Institutions, Hotbit Exchange is not licensed with or registered by the Securities and Futures Commission (SFC). Therefore, we have no information about this company.
We would like to bring to your attention that financial firms and individuals carrying on regulated activities in the securities, futures, and non-bank retail leveraged foreign exchange markets in Hong Kong are required to obtain licences or registration from the SFC, unless exemption applies.
Regards,
Licensing Department
Intermediaries Division
Securities and Futures Commission
54/F One Island East, 18 Westlands Road, Quarry Bay, Hong Kong
Tel: (852) 2231 1222 Fax: (852) 2501 0375"