Energi [NRG] Cryptocurrency for World Adoption | PoS | MN | No-ICO or Premine |

[Chanak]

As Peter Lynch says "Stay away form the companies making headlines as their value and future earnings are already priced in"

[Dragon1748]

Awareness is the first step to adoption.

Speaking of awareness what is "GMI"? I did a quick google search and didn't come up with much related to crypto; there's the GamiFi (GMI) coin or the Bankless DeFi Innovation Index (GMI). Is this about a future Energi development that we're going to learn about one day?

[Chanak]

There are over 80K air drop subscribers from Open sea. I would not be surprised if it reached to 100k. Besides I am a man of positivity as our primitive biology makes our species much prone to negativity.

[Dragon1748]

Positivity; that's an ambitious goal to pursue and wish you fortitude in your efforts.

Airdrop? Is there another earndrop lined up for NRG? The first one from 2019 must have boosted adoption.

[Dragon1748]

That makes a lot more sense now. Slick looking website with a lot of information. I haven't quite understood the value of NFTs in the context of artwork; where there's an assumed intrinsic resale value (and market) to grow your portfolio. Minting your own artwork and collecting royalties from resales is where the money is at. Will GMI allow minting of our own collections? NFTs have been around for a while, first NFT was minted in 2014, and I'm glad Energi is jumping on the bandwagon and hopefully that will boost adoption.

OpenSea has been in the headlines a lot these days and have some pending legal cases; specially: a former executive, Nate Chastain, for wire fraud and money laundering. Having an OpenSea account appears to be a requirement to participate and have the ability to receive GMI. Any moral challenges? Are we assuming people who are into NFTs have likely already had an OpenSea account for several years and it's moot to them.

Have you considered sending out newsletters to your current users. I'm signed up and think the last one I got was from April of 2021. As a mechanism to reach the users across all social platforms; can't rely only on a small few.

[Chanak]

To understand NFT utilization you need to read this. As far as newsletter goes the biggest announcement will be in terms of GMI.
https://cointelegraph.com/news/nft-space-bridges-passions-for-tennis-legend-maria-sharapova

As far as Open Sea Moat goes, you can consider a users switching cost to GMI here, which is 0 , all he has to do is just switch platforms in seconds and the benefits of GIi are absent on Open Sea
1. 24/7 support
2. Security of Assets against thefts
3. Farming yields
4. Buy side liquidity decreasing the spread between the NFT offer price and floor price
4. Prevention of Wash trading
5. NFT Launchpad for artists and nft communities that protects them against scams and rug pulls.

[Dragon1748]

Cointelegraph and Decrypt are some my sources of information for crypto news. I still stand firm on my opinions on NFT within the context of art work. There are many applications that are effectively a digital contract to prove ownership that are in development and look forward to that space.

Does a Energi dragon NFT come with any perks? If you think of the BAYC NFT collection, Yuga Labs offered additional perks and even hosted a warehouse party in Brooklyn.

[Chanak]

As it is currently happening Energi diamond hands (i.e hoddling Energi at different amounts) is offering various GMI benefits. Personally I would believe that there would be no reason to offer a holding value for Energi's maiden NFT collections. For example at most discord servers access is limited to only NFT holders of the project and this is real! Imagine the ramifications of this on Energi blockchain- various reward structure, farming perks etc etc, sky is just the limit to play with NFT field for Energi

[Chanak]

That makes a lot more sense now. Slick looking website with a lot of information. I haven't quite understood the value of NFTs in the context of artwork; where there's an assumed intrinsic resale value (and market) to grow your portfolio. Minting your own artwork and collecting royalties from resales is where the money is at. Will GMI allow minting of our own collections? NFTs have been around for a while, first NFT was minted in 2014, and I'm glad Energi is jumping on the bandwagon and hopefully that will boost adoption.

OpenSea has been in the headlines a lot these days and have some pending legal cases; specially: a former executive, Nate Chastain, for wire fraud and money laundering. Having an OpenSea account appears to be a requirement to participate and have the ability to receive GMI. Any moral challenges? Are we assuming people who are into NFTs have likely already had an OpenSea account for several years and it's moot to them.

Have you considered sending out newsletters to your current users. I'm signed up and think the last one I got was from April of 2021. As a mechanism to reach the users across all social platforms; can't rely only on a small few.

Can you check your spam mail as I have received  4 mails since April of 2021

[Dragon1748]

No holding value for the initial NFT release is a missed opportunity. Have to think of the future exit strategy if holding of the NFT offers no intrinsic value. Fast forward a year from today; hopefully GMI is live and been playing the tokenomics game for a few months and hold several dragons.

• What do you do with GMI? (besides "tokenomics" into more)
• Is there an assumption the NFTs can be sold with gains?

 The project has never been about a get rich quick themes but still need more people to join the project to help with adoption and growth.

After 3++ years in the project my bag is worth 20% of the initial invested value...Investing with a calm mind is becoming a test of patience

Checked my spam filters and the rules I have in place do no remove the newsletter. I assumed that had gone away like the medium articles and youtube videos.

[Chanak]

1. Still need more people to join the project- I found Found more than 30 official GMI partners - I see Energi is getting compounded partnership, meaning you penetrate 1 NFT community you expose yourself to over thousands of members (A Free marketing tool)

2. Understanding what to do with GMI tokens and the maiden dragon NFT collections from Energi, one needs o understand how NFT communities work,(after all if you get the stocks of a aerospace industry, which you don't understand, through a Hospitality business, you wouldn't know what to do with the aerospace stock)  example to a person who wants to get into web3 investing but doesn't know how to do it, can enter a community through NFT purchase and get all the
valuable information over long periods and make rational choices rather than following the crowd, Most of NFT communities get rewarded in the form of native tokens. GMI platforms solves many NFT issues example the price spread between
offer price and floor price by offering buy side liquidity (most platforms offer only sell side liquidity), other value i see is in the form of Energi studios as a future launch pad for NFT communities.

Yes and investing will certainly test your patience as it is a game of managing one's temperament. I see a lot of improvement In Energi- enhanced marketing in the form of partnership, robust tokenomics where the majority of emission is rewarded
to long term hoddlers, rather than quick seller (69% GMI supply goes to farming rewards and majority of this reward distribution is to long term LP stakes). It would be of no surprise if this model is implemented to current Masternode and Staking rewards system wherein long term hoddlers receive majority of supply. In short GMi is turning Energi into an efficient machinery, not forgetting the alternative income streams it would generate in the form of ETH and GMI tokens


The reward of the goal is mere symbolic but the journey is what gives a person the real treasure - patience to hold, problem solving, complete control over one's emotions, the strongest temperament. (I am in the same boat of hoddling Energi , hence sharing my personal thoughts- Energi improved my knowledge on staking, Masternodes, blockchain, governance, Ethics, and now doing same in the NFT space, The monetary returns is extremely minuscule as compared to the gifts received in this entire journey)


Maybe you haven't noticed but the team has been posting educative articles her https://energi.world/education/   on the ecosystem, NFT and crypto in general on this site, drawing all traffic to a single source - Energi home web page (a clever marketing move). Might Want to also listen to the recent Twitter spaces where the marketing team is cleverly designing a strategy to capture new entrants in the NFT market by incentivizing NFT education (all built in GMI tokenomics)

Maybe I was just brought up to see positivity in everything (As majority of our species is prone to more negativity due to our primitive evolutionary traits). I HAVE BEEN GETTING ALL THE ALERTS ON MY MAIL FROM BOTH GMI AND ENERGI PERIODICALLY, don't know what might be the issue on your end. Have a wonderful day.

[Dragon1748]

December update on NRG investment

Last month I shared some numbers regarding ROI and there are too many moving variables that's it's easier to look at the initial cost to enter the project and compare to the overall holdings today; which does ignore the VPS hosting cost.

• In November I was at 20% of value from the initial invested coins and the good news that has climbed to 28%; up 8 points.
• Most of the lift comes from the value of BTC dropping from $20k down to $17k (never good news but helps with the denominator) and a small pump in NRG price.
• NRG price was around $0.16 and now holding above $0.20 (today = $0.24).

Looks like potential wash trading on Kucoin might be helping with the daily volumes and price has recovered to earlier August prices. Just my observations looking at trade history; most are booked as hidden, between the spread, and equal buy&sell amounts with the same timestamps.

Edit:
Factoring VPS hosting cost to the mix and the overall initial investment to current holdings drops it down to 20%. Here's to hoping that NRG can break into the $1.00+ value again.

[Chanak]

I guess you are not checking the recent developments but let me do refresher here (all possible reasons why the volumes are simply not wash trading volume as the price rise is gradual and not sudden)

1. There are over 25 GMI official partnership announced and twitter space hosted and still ongoing, most of these NFT communities have an active NFT trade volume of >1 ETH per 24 hours like Project Godjira or Dogepound NFT
2. The airdrop also involves Energi Diamond hands giving the free publicity and marketing of Energi ecosystem
3. Since GMi will launch on both ETH chain hence the treasury will reap the rewards of diversification in the form of ETH revenues not ruling out the possibility of launching on other chains hence further diversifying the revenues
4. Energiswap on Energi will be equipped with features of fractional NFT trading.

As far as Masternode rewards and profitability goes you can go and check as I have found in my last analysis (December 5th) that there are over 300 Masternodes running with less than 5000 NRG collateral representing close to 50% of the total
Masternodes, even in current market downturn never seen in two decades. This just truly shows how decentralized Energi is plus the fact that user assets are still protected 24/7 plus chat support for all community needs (rarely any crypto is assuring safety in current hostile environment where the crypto theft industry is valued in billions

[Dragon1748]

Masternode profitability is all a matter of opportunity cost and timing has a heavy impact. Take your example of a 5k collateral masternode:

• If you're starting from scratch today it will cost around $1000 USD to buy into a 5k MN. Let's ignore staking for the sake of simplicity and look at the MN yield alone; with the recent sharp drop off in total MN collateral the yield is now 18%. All of that is gravy and all things considered equal the user would be content.
• Take that same 5k collateral and you bought in when the value was $2 USD++ it would cost you at least $10.000. That same MN from an initial investment would be worth 10% from where you started. Obviously yield will improve that overall outcome.
• One additional factor is to look at the running cost of the VPS. There are many options here and regardless of what they are will come at some cost. The hope is that yield would make it cost neutral or just hope for the continuous generosity of the community.
• This is personal experience and by no means representative of what others investors might be experiencing.

The efficacy of the wash trading is open to debate as there are many trades that pass the test to be considered wash trading and then the overall developments you mention. Are there any Energi developments worth sharing? The hope is that GMI will have some secondary effect on NRG in the longterm.

Just today have multiple wash trades:

• 07:53:03; 1676.3289 purchased at 0.00001458 BTC and sold at 0.00001457
• 06:14:38; 2227.4093 purchased at 0.00001455 BTC and sold at 0.00001454
• There are hundreds of these type of transactions since the the start of November; just too many to list here and honestly a feckless use of energy.
• Highlighting a potential risk: Is there any risk from Kucoin putting NRG back on the "ST list" like it was back in February timeframe due to low liquidity?

[Chanak]

I am actually running my Energi node on Akash and costing me like pennies Plus no other crypto guarantees 100% protection of my assets other than Energi

I have rarely seen anybody fixated on MN profitability on a daily basis on any social media platform like Discord, Telegram or Facebook except here. Its like buying a house and calling your realtor every day to ask the price of your house whether it has gone down or up Plus they know they will be entitled to dual GMI airdop rewards- The base rewards and the NRG diamond Hands Rewards


The daily volume of NFT sales from the GMI official partners is more than enough to just add additional ETH revenues to the treasury. and add more value to Energi How?

In multiple ways. I would like to personally elaborate a few
1. In the first place GMI will launch on a major blockchain that will give an instant marketing for Energi.

2. The tokenomics reserve the seed round allocation of GMI token to investors that have the ability to list GMI token on a Tier 1 exchange. (We have >25 official GMI partners now).

3. Revenues from GMI will be invested back again in Energi for diverse product development on Energi. (Operations)  you can read more here👉 https://docs.gonnamakeit.com/docs/about/about-tokenomics

4. Also since GMI platform will also be launched on Energi chain users would be able to transfer their NFT's through the bridge, store and trade it here too. The users will take complete benefit of the 24/7 Asset security that Energi has provided users since its inception (A reason why in a billion $ crypto theft industry Energi stands as few blockchains with 0 thefts/scams)

5. The platform Revenues will be in ETH and that becomes and additional source of revenue for the Project.

6. Energi would also be launching its Maiden Dragon collection too on the GMI platform 👉 https://energistudios.com/dragon-degens-nfts/
(My Personal and rational views)


In conclusion Energi holders just see their revenues going up and now get a gift of additional revenue stream through GMI





As far as developments on Energi goes The top tier management have already hinted to entering the fractionalized NFT trade market opening up the possibility of onboarding exponential users as they would liekt o hold blue chip NFT's form the likes of Yuga Labs  and stake it to earn passive income. Not forgetting the fact that Crypto market is highly volatile and if anybody is loosing sleep over the ticker then i guess the bond market is best suited for them. I am fine with volatility as long as i see managment doing the right things. You can find more about Ryan's approach to fractionalized NFt trading through Energiswap here 
https://twitter.com/i/spaces/1mnGeRPOPoEJX

Also sharing some quotes from industry leader on Fractionalized NFT's
  “It makes it easier and, more importantly, accessible. Asset fractionalization isn’t new, but it entered the NFT space not that long ago — one aspect is to make expensive tokens more accessible to different investors with different appetites — it makes it easier to set the price for NFTs and even unlocks monetization opportunities via DeFi platforms.” Joel Dietz, CEO of MetaMetaverse (Energi Core President recently highlighted the use case of fractionalized NFT's in Defi through Energiswap DEX)

[Dragon1748]

A monthly update is sufficient and trying to keep this space relevant as there aren't many opportunities to talk with others; be it the team or users. I'd certainly like to know how other investors are fairing and finding out tricks to optimize holdings. Learning about other VPS providers is always nice.

Reading through the angry bold, the focus is on NFT and GMI marketplace; that's fair. Wasn't sure if there were Energi blockchain developments yet to be announced from past roadmaps.

I really hope the wash trading on Kucoin won't be a future risk; need exchanges that aren't bound by ETH gas fees.

[Chanak]

The management is hosting multiple twitter spaces and Discord AMA both individually with the community and with the GMI official partners. You can stay updated about GMI's progress through these spaces.

[Dragon1748]

The Energi community is fairly challenging community to engage with as they're quick to label most conversations as FUD if you even dare ask a question. Specifically this whole conversation would be immediately deleted and users banned on Discord. Here's a comment I got from someone on a social platform a few days ago:

• "It was just one moderator there was kicking everybody off if you even asked a question."

No one is having a conversation on Telegram and it's mostly GMI advertising. Reddit is okay but not many people online; 21 right now, 3 posts in the last 3 months by non-moderators (one of them was mine). I'm by no means a content creator nor create much worth reading and has <500 views.

This may come across as a general attack and really more intended to show that joining a social media platform might not actually be a good source of information nor as welcoming as you claim it to be. Until Energi allows their investors to engage on Discord you'll find me here. As with any online forum you can create whatever identity you want and never limited on the quantity.


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Recovered 16% from initial BTC & ETH investment

[Blackstone1]

The Energi community is fairly challenging community to engage with as they're quick to label most conversations as FUD if you even dare ask a question. Specifically this whole conversation would be immediately deleted and users banned on Discord. Here's a comment I got from someone on a social platform a few days ago:

• "It was just one moderator there was kicking everybody off if you even asked a question."

No one is having a conversation on Telegram and it's mostly GMI advertising. Reddit is okay but not many people online; 21 right now, 3 posts in the last 3 months by non-moderators (one of them was mine). I'm by no means a content creator nor create much worth reading and has <500 views.

This may come across as a general attack and really more intended to show that joining a social media platform might not actually be a good source of information nor as welcoming as you claim it to be. Until Energi allows their investors to engage on Discord you'll find me here. As with any online forum you can create whatever identity you want and never limited on the quantity.


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Recovered 16% from initial BTC & ETH investment

Always a pleasure to see you. Hope you had a good holiday season and wish you all the best for 2023.

[Chanak]

Good seeing you dear Energizer. Hope you had a wonderful holiday season and best wishes for 2023. Hope this year brings you peace and  health