Energi Mine Launches Phase Two of Its EnergiTokens Rewards Platform

  • UK-based blockchain energy company Energi Mine has today launched phase two of its EnergiTokens rewards platform
  • The platform provides financial incentives for energy-saving behaviour in the form of cryptocurrency.

UK-based blockchain energy company Energi Mine has today launched phase two of its EnergiTokens rewards platform, providing a financial incentive for energy-saving behaviour in the form of cryptocurrency.

Following the successful launch of the platform in May of this year, this second phase introduces a management dashboard for approved vendors, allowing them to manage clients and distribute tokens. Consumers using these vendors will be given the power to interact with them directly as they continue to earn ETK and trade it in for rewards.

Currently, users of the EnergiToken rewards platform can use their ETK to pay their energy bills, charge electric vehicles, or exchange it for fiat currency. Actions that earn ETK include taking public transport, reducing energy waste in the workplace, and purchasing energy-efficient appliances.

It launches in English today, with Japanese and Korean language versions launching on 6th August, and Traditional and Simplified Chinese versions following soon after on the 13th.

Cultivating a culture of energy efficiency is seen as key to reducing a number of environmental issues, such as pollution. The Energi Mine release comes as three Chinese cities appeared in the latest list of the world’s ten most polluted cities, including its capital city Beijing. In a speech at the Chinese Academy of Sciences, President Xi Jinping praised blockchain technology as a potential solution to environmental issues within the country.

Meanwhile, Energi Mine is continuing to establish partnerships with major organisations. Earlier this year, it partnered with Manchester-based FuseX to launch an e-card debit card. This will allow customers more freedom in how they spend their ETK, allowing them to effectively spend it anywhere.

More recently, Energi Mine announced a relationship with the Energy Managers Association to conduct a three month trial of the ETK rewards platform with Network Rail, the UK’s railway infrastructure operator. The initiative, which rewards Network Rail employees for saving energy in the workplace, is part of Energi Mine’s strategy to disrupt the $2 trillion global electricity market and ensure mass adoption of ETK.

Omar Rahim, CEO of Energi Mine said:

We are extremely happy with the progress to date. This latest update will expand the possibilities open to those using the Energi Mine rewards platform. Whether it is through allowing consumers and vendors to interact more freely or in giving vendors more control over transactions – Energi Mine is taking another important step towards creating a fully functioning ecosystem to incentivise energy efficient behaviour.

Omar Rahim

Crypto.com Launches Cryptocurrency Exchange With Support for 9 Cryptoassets

Cryptocurrency financial services provider Crypto.com has announced the launch of its own cryptocurrency exchange, with support for 9 cryptoassets.

According to a press release, the exchange will be accessible through Crypto.com’s trading API, app, and web interface. The exchange will initially support nine cryptoasset, including BTC, ETH, LTC, XLM, USDT, MCO, and its native Crypto.com Coin (CRO).

The Crypto.com Coin is set to power the cryptocurrency exchange. The firm will have 3 core pairs on the exchange, trading listed cryptoasset against BTC, CRO, and USDt. CRO token holders will have various benefits, including discounts on trading fees, priority token allocation in discounted sale events through its fundraising platform “The Syndicate” and more.

The token can also be staked for a 20% yield, the press release notes. Kris Marszalek, co-founder and CEO of Crypto.com, said:

Launching an exchange is the natural next step that allows us to complete our ecosystem play. I strongly believe that only companies that built entire ecosystems will thrive during the next bull market.

Crypto.com’s ecosystem already included a mobile wallet that can be connected to a Visa card, a cryptocurrency lending service, a Venmo-like service for payments, and a staking service, as well as the above-mentioned fundraising platform.

The new cryptocurrency exchange promises its users “deep and global liquidity,” as well as “very competitive trading fees.” The trading platform will serve Crypto.com’s one million users, which the platform managed to get thanks to its ‘Plan ₿’ campaign, in which it clarifies it believes people have a basic right to control their own money, data, and identity.

The new cryptocurrency exchange will open in closed beta the week of November 18, and will enter a market riddled with competition. Other cryptocurrency firms that started off launching a wallet and added an exchange to their offering include Bitcoin.com and Blockchain.com.

Featured image by Austin Distel on Unsplash.