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

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Litecoin Outperforms the Market With 19% Jump as Its Halving Approaches

The price of Litecoin, a cryptocurrency seen as the silver to bitcoin’s gold, has jumped 19% in the last 24-hour period, in what appears to be a recovery fueled by the upcoming halvening event.

According to CryptoCompare data litecoin is currently trading at $93.8, after rising 19% from about $78 in only a day. In the last 30 days the cryptocurrency is down by about 29% because of a strong correction the cryptocurrency space endured this month.

Litecoin prce performance

Year to date, LTC is up by about 210% as it started off 2019 close to the $30, as it was already recovering from a $22 low it saw in the 2018 bear market, which took the price of most cryptocurrencies down by well over 80%.

The cryptocurrency’s market cap is now of $5.6 billion, down from $8 billion in late June when it was trading close to the $130 mark. While most cryptocurrencies are up in the last 24 hours LTC is outperforming the market thanks to its upcoming halving event.

The event is expected to occur on August 6, and will see block rewards on the Litecoin blockchain drop from 25 LTC to 12.5 LTC per block. On Litecoin the halving event occurs once every 840,000 blocks.

It’s going to decrease inflation, which according to some analysts will remind users of the cryptocurrency’s limited supply and will, in turn, see them value LTC higher and accumulate more as scarcity increases demand.

Another factor that could be behind litecoin’s price performance is a recent partnership the Litecoin Foundation signed with American football team Miami Dolphins, which saw LTC become the team’s “official cryptocurrency” for its 50/50 raffle.

Back in December the Foundation partnered with the Ultimate Fighting Championship (UFC) a leading mixed martial arts organization, to display the Litecoin logo in a title match. The publicity the cryptocurrency might’ve gotten from these partnerships may have contributed to the surge.