There’s a fine line between ambition and bravado. Ambition is boldness with a purpose. Bravado is boldness for the sake of being bold – or appearing bold. As an investor, you want to avoid bravado. But ambition? That can be a worthy trait.
Our latest airdrop recommendation, Energi, is certainly ambitious. Energi’s motto is a “cryptocurrency for world adoption.”
Here’s its mission statement:
Being the world’s leading cryptocurrency with the unification of Smart Contracts, Governance & Self-funding Treasury to ensure longevity and enable rapid growth.
Yep. Energi wants to challenge bitcoin, ethereum and hundreds of other coins for world dominance. But that’s okay.
As First Stage Investor Co-Founder Adam Sharp has written many times, cryptocurrency is the killer app for blockchain technology. So if you’re going to compete in this space, you might as well aim for the top.
How It Works
Energi’s big idea is its tokenomics. Each month, 1 million Energi coins are created. And while Energi still provides mining awards, the bulk of the coins go to the Treasury (40%) and Masternodes (40%). By comparison, Dash, Decred and PIVX each allocate 10% to their Treasurys.
Here’s how Energi’s system works:
Masternodes provide security, instant transactions and private transactions to the network, while the Treasury provides essential funding for development, user protections, marketing and other services for our cryptocurrency community, in perpetuity.
It’s important to realize how powerful our design is, while combined with strong leadership. Our Treasury funds can fund thousands of developers leading the way with cutting edge development in the space, while retaining thousands of business development and marketing specialists expanding user awareness and building merchant adoption – and even hiring lobbyists to help clear our paths and navigate through existing world government bureaucracy.
Energi’s Treasury is decentralized, allowing anyone to submit a development proposal to be voted on and funded. And the Treasury has a 14-day cycle, which should allow it to be quick and flexible in terms of selecting projects and shifting strategies.
The hope is that by focusing on attracting developers and building infrastructure, Energi will grow quickly and become a serious crypto player.
Will Energi take off? The jury is still out on that. Energi launched last April. As of this writing, it’s trading for $1.16. And its current market cap is $14.4 million according to CoinMarketCap. With such a small market cap, it certainly has room to grow if it does catch on.
And this is what airdrops are about – free crypto to drive adoption. If these airdrops work and adoption soars, holders of Energi coins could see significant returns.
How to Participate in the Airdrop
First, you have to be a citizen of the United States, Canada, the EU, Australia or New Zealand in order to participate in this airdrop. (Sorry, we don’t make the rules.)
Then you have to sign up with Energi, go through its KYC (know-your-customer) checks, set up your wallet and complete at least two social media tasks. The social media tasks (following and retweeting on Twitter, liking and sharing on Facebook, etc.) are pretty easy. And the more social media tasks you complete, the more Energi coins you will earn. The most you can earn is 100 coins. That’s $116 worth of free crypto if you complete all the tasks.
All of the directions and links you’ll need are on Energi’s airdrops.io page. If you have any problems, please contact airdrops.io or Energi directly. We cannot assist with specific questions on how to participate in the airdrop.
Senior Managing Editor, First Stage Investor