What is Energi?Energi is a self-funding cryptocurrency that has a purpose to reach the masses. The value proposition of Energi is that they will provide a very strong, self-funding treasury system which will eventually develop into a smart contract platform.Energi will provide a small allocation to mining rewards and will take a bulk of the coin issuance and give it the treasury and masternodes. Energi will also allocate 10% on-going reward to leadership of the Energi Backbone, which is significantly less compared to today’s ICOs’ rewarding their founders between 20–50% of the tokens distributed. Another trait that sets Energi apart from ICOs is they give an on-going 10% allocation through each block reward, rather than rewarding the founders up-front.source: https://medium.com/energi/energi-67b7bf2fe971The Future of Funding? Why Energi ‘Bootstrapped’ rather than ‘ICO-ed’$100 BTC Giveaway Details BelowOne of the most common questions the Energi team gets asked centers around one thing: funding. Whether it’s ICOs (Initial Coin Offering), IEOs (Initial Exchange Offering) or seed money, funding is the foundation of any project. So why did we decide to go at it alone, rather than launch an ICO like so many others? And what does this mean for the future of Energi? We’ll answer all of these questions and more in this blog.It all starts with our founder. Back in 2017, Tommy World Power saw some serious problems emerging in the crypto space. While he couldn’t predict the future, he could see many projects were being funded without an end goal in mind. Sure, ICOs could raise funds for now, but what about in a few years time?Since 2017, so many projects have died and so many founders have gotten rich — yet few of the actual products that were promised have reached the market. It’s fair to say that it’s the community, not the founders, that have paid the price. Tommy came from the crypto community and decided that rather than advising on projects, many of which were too stuck in their ways to change, he’d create one. And so Energi was born.That’s also why, from day one, Tommy built Energi to be different. As many of you know, he decided to fund the project through bootstrapping instead of crowdfunding (by ‘bootstrapping’, we mean that he started the project using his own money, not outside investments). Compared to an ICO, IEO or traditional funding round, there’s a significant amount of regulatory risk with doing an ICO/IEO that many projects ignored — choosing instead to play the game of jurisdictional arbitrage. This may come back to haunt many of them in the coming years. By being self-funded, Tommy operated within the existing regulatory structures. We can do what’s right for the project and our community long-term without being influenced by outside shareholders.So how does it work in practice? Well, instead of a founder percentage as in a typical ICO, Tommy is on a ‘vesting’ schedule. This is an idea popular with members of the Bitcoin community, such as Andreas Antonopoulos, and we adapted it for Energi as our ‘Backbone’. Basically, ‘vesting’ means that our founder doesn’t get a lump sum upfront, he has to work towards it over a number of years — just like an earn-out clause in a typical merger or acquisition. This gives the project stability. Whereas many founders obsess over market price and short-term concerns, ours takes a more long-term view. The focus, then, is on mass adoption and the ultimate success of the project. Isn’t that how a project should be funded?It’s also more transparent because instead of all the funds ending up in an ICO wallet, funding is built into the cryptocurrency. Anyone can check the Energi website to see how the treasury is spent each month and what the team is working on. And, instead of one unaccountable ICO pot that can be mismanaged, funds are released in smaller increments in an auditable manner month after month.The value of this stability and transparency is huge. Especially today, when so many projects are going under or scaling back on their vision, which often happens without informing the people who funded them in the first place. Of course, there will still be periods of instability, but our model means we’re able to ride out the market and deliver on our founding vision — while bringing the community with us.And the benefits of bootstrapping don’t stop at stability and transparency. A side effect of this long-term focus is that it frees us up to look at what’s really important. We aren’t the first to notice that blockchain enables a better future with the possibility of having direct sovereignty over your money and bringing financial services to around a third of the world’s unbanked population. However, we have to be conscious that our world is facing huge environmental challenges, and resource-intensive solutions that underpin major cryptocurrencies like Bitcoin are unsustainable for mass adoption. Thus Energi has chosen to implement a far greener solution via proof-of-stake rather than the arms race that is proof-of-work.Keeping with our vision of making the world a better place, a portion of the proceeds from the Backbone also funds the development of Energi Impact, our charity arm. Energi Impact’s focus is ambitious, we know. Confronting climate change, cleaning the ocean and helping disadvantaged children are just some of the challenges we’re working on. Currently, the project is building an initial base in Bali, Indonesia and the movement has already grown to six inspirational individuals. Energi Impact is a project that’s not just changing the way charities are funded, but it’s changing the world in the process.Another major cornerstone of Energi’s self-funding treasury is our Defense department. This is essentially a group of cybersecurity experts who not only help community members if they’ve fallen victim to scams or hacks, but proactively put out valuable educational content to better equip everyone to fend off these attacks in the first place. This is unique in the Cryptocurrency space and another philanthropic effort on our part to better the entire ecosystem.ConclusionIn the years since crypto exploded, we’ve seen many projects continue to take the ICO route to secure their funding. Many of these projects have faced scrutiny from the SEC for the unlicensed sale of securities and numerous other legal missteps leading to their demise.Perhaps, though, there’s a better approach after all. Let us know what you think in the comments below.We hope you agree that while there are many ways to fund a project like ours, a model like Energi’s may well be the future of funding. We are in uncharted waters here folks, but we believe we are revolutionizing not only the cryptocurrency space but finance as a whole.Source: https://medium.com/energi/the-future-of-funding-why-energi-bootstrapped-rather-than-ico-ed-6ae8d7e64d22An official word from the Uptrennd teamEnergi is one of the very few cryptocurrency projects in the world that have been able to combine both an altruistic vision with savvy execution. In an incredibly short amount of time, they have become a successful operation, landing in the top 100 global cryptocurrencies globally, with more momentum building every month.What is most impressive is that throughout all of this, they have maintained the utmost integrity and stuck to their moral and philanthropic roots.This is incredibly rare in the crypto space, and we commend the team and community at Energi for committing to creating a better tomorrow.Uptrennd's founder, Jeff has seen people with Energi T-shirts doing beach and river garbage cleanups and other philanthropic endeavours countless times in Bali.Energi is both a globally-shifting technology, and is helping to guide a globally-shifting state of consciousness towards the betterment of the earth.Uptrennd fully supports the mission of team Energi, and applauds them for being a monumental positive force towards a collective paradigm-shift towards a better tomorrow.$100 BTC Giveaway - Sponsored by EnergiLeave a comment, praise, or a question for the Energi team below, and we will be giving two commenters $50 in BTC each.Additionally, if you are from the Energi community:Comment your favourite aspect of Energi alongside your telegram username below, and we will send you 500 1UP!
Everything stated below is purely factual information and does not solicit investment advice, nor speculation. The 1UP token is not a speculative asset. 1UP is a strict utility token to be with the Uptrennd platform as a tool for boosting posts, purchasing ads, leveling up accounts and more. Let’s dive in:1UP token = $0.0012Therefore, On Uptrennd $0.0012 buys you 10 views $0.012 buys you 100 views$0.12 buys you 1,000 viewsUptrennd $0.12 CPM (cost per thousand impressions)Okay, so what is the global average CPM?Comparative CPM’sGoogle: $2.85 Twitter: $5.76Instagram: $6.70Facebook: $9.10https://smallbusiness.chron.com/typical-cpm-74763.htmlFactually, comparative CPM’s range from 23.75X to 75.8X higher than the 1UP token price. These figures above, multiplied by the 1UP token rate, brings the 1UP token true value to between $0.027 and $0.09.
BTC seen from the temporality of 1W we can observe how the structure of candles has formed a bullish pattern known as bullish flag, a continuation pattern, therefore, we should have a next upward movement that could reach the upper supply zone located within the price range of 16239 - 19902, signaled within the above chart by the two red horizontal color, in the game of 5 impulse waves, this pattern would be completing us the 2 wave and would come the 3 impulse wave which is usually the longest and fastest impulse wave, we need the price to test us the high zone to later be able to find the break and go for the 30,000 or 60,000, could even reach higher, after the break of the ATH the price can move freely up and only following the action the price action we can determine the next distribution zone.
BTC seen from the temporality of 1D we can observe more closely the current movement of candles where we see how the price so far carries an excellent momentum movement after reaching the demand zone of Fibonacci level 61, a level widely used to locate important levels of the trend, Currently the price could go back briefly to the range of 7280 - 7400 to take impulse again and go for the zone of offer in 1D that is located within the price range of 8478 - 8812, indicated within the graph by the two horizontal black color, we still can not confirm if the current impulse is 5 waves, however, if confirmed, we could see a reclaim above that level.
The graph above is added to show the current trend line that is holding the current price, we see how this diagonal has been tested previously as support and resistance, this level is strong and gives us a signal that we could have finished the correction within the bull flag.
In conclusion, BTC has maintained an excellent bullish movement since April 2019 where it had a great impulse until 13800 where the price has found fatigue and this correction has been long, but the structure of candles maintains a pattern of continuation bullish, this correction within the figure already begins to show reversal signal, so very soon we could see a continuous bullish movement towards the weekly offer located within the price range of 16239 - 19902, this would only be the beginning towards the way to form a new HH in the current trend, for this scenario to be completed, it is necessary that the price remains above 7,000 - 7,120, if the price returns to 6000, we could see a longer retreat towards the price range of 4600 - 5500, therefore, I recommend to follow very closely the action of the price in 1D and always remember to place your stop loss to avoid possible invalidations during the move.
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Everyone who is still in on Matic should look to Chainlink when they announced their google partnership.These hype cycles do not last.We are in a bear market and longs are jumping on any pump they can, over-inflating the price, making the inevitable fall even harder.Now is the time to be evaluating which tech and projects you believe in the most.The bear market is the perfect opportunity to accumulate at steep discounts in projects that will have mass longevity."The stock market is a device for transferring money from the impatient to the patient."- Warren BuffetBeing inpatient and trying to catch the pump is no more than a gamble. Patience, research and an open perspective are the golden keys.