Energy Hard Fork (week13 2019) switching to POS model

in crytpocurrency •  6 years ago 

We are excited to announce Energi Core v2.1.0 has been released!

This is a MANDATORY upgrade as we will be having a hard fork to transition to Proof of Stake early next week. The exact block height of the hard fork will be announced later this week.
Source: https://twitter.com/Energicrypto/status/1097596341033816066

Energi’s Proof-of-Stake Model

Energi’s Proof-of-Stake Reward Rate
Energi’s POS will distribute 10% of the newly emitted Energi per month to stakers. To determine how much Energi participants can earn when staking, let's use the following numbers as examples. If a user is staking 5,000 NRG and there is a collected total of 1,000,000 NRG being staked, multiply by 10% of the newly emitted Energi (100,00 NRG) to determine the monthly return:

(5,000 NRG / 1,000,000 NRG) * 100,000 NRG = Monthly Return

That is an astounding 120% yearly return. This is arguably the largest rate of return any cryptocurrency has to offer to stakers.
Source: https://medium.com/energi/energis-proof-of-stake-model-c245a3a40467

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