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

Quantitative Bitcoin Analyst PlanB Explains Why His Identity Remains a Secret

Michael LaVere
  • Quantitative crypto analyst PlanB keeps his identity a secret to avoid interfering with his employment at an institutional investor.
  • PlanB gained prominence for being the first analyst to apply the stock-to-flow (S2F) model to bitcoin. 

The anonymous crypto analyst PlanB has revealed why he keeps his identity a mystery. 

PlanB, who gained prominence on Twitter and Medium for being the first analyst to apply the stock-to-flow (S2F) model to bitcoin, said he keeps his true identity a secret in order to avoid interfering with his day job. 

Speaking in an interview with In Gold We Trust, the quantitative analyst said, 

I am both an analyst and investor at an investment office of a large institutional investor in the Netherlands. As a team we invest USD 50+ billion AUM. My main focus is on mortgages, loans, and structured finance. I do not want my employer to have any negative consequences from my Bitcoin ‘hobby’. Also, I consider it good operational security to remain anonymous.

PlanB continued, explaining he has no interest in becoming a public figure and does not intend to reveal his identity any time soon. 

He also refuted several criticisms against the application of stock-to-flow to bitcoin, which evaluates the injection of new BTC into the market relative to the total circulating supply. 

He said, 

People that use the demand argument probably don’t have a statistics or investing background. The argument is theoretically right (price is a function of supply and demand) but there are a lot of famous pricing models that do not use demand – or supply – as input and still give good predictions.

PlanB said strict adherence to the overall demand for bitcoin, which does not apply in S2F, is an argument based on “ignorance.”

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