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

Alt Season Is Back: DOGE, VET, ZRX, ADA, a KNC See Prices Skyrocket

The price of bitcoin has been relatively stable since the beginning of May. After dipping to a $4,780 low this year during the so-called crypto Black Thursday, BTC’s price recovered to the $9,000 mark as has been rangebound since, unable to break through the $10,000 barrier.

Meanwhile, the price of various altcoins has been taking off, so much so various analysts are now claiming we are looking at the beginning of a new alt season. The term alt season, it’s worth noting, refers to a period in which altcoins start outperforming bitcoin, reducing the flagship cryptocurrency’s market share in the crypto space.

The last alt season was in 2017, during a bull run that saw bitcoin hit a new all-time high close to $20,000. At the time, BTC’s dominance dropped to a 33% low, but in the subsequent bear market, various altcoins lost over 80% of their value, which saw bitcoin’s market share climb back up to 64% at press time.

Various commentators are now pointing to an alt season because the price of Dogecoin (DOGE) has been surging thanks to a retail investor-led market pump. A viral video on TikTok called on users to buy the cryptocurrency so its price would appreciate, and since it was published DOGE’s price has surged over 80%.

In the last 30 days, the cryptocurrency is now up over 50%, while BTC is down by 2.7% in the same period. Dogecoin is notably, however, not the only cryptocurrency that’s seeing its price appreciate over the last 30 days.

As CryptoGlobe reported, Travala.com’s AVA token started surging earlier this week after the firm announced a partnership with Expedia, allowing its users to book over 700,000 hotels and accommodations using cryptocurrency via the firm’s platform.  The tokens endured, however, a quick correction.

Cardano (ADA) has, ahead of its Shelley upgrade, has seen its price appreciate. The cryptocurrency’s upgrade will be implemented on its mainnet later this month, and is expected to improve decentralization via the “introduction of a delegation and incentives scheme, a reward system to drive stake pools and community adoption.

Growing demand for ADA could, as such, be coming from investors who find the reward system under Cardano’s new upgrade appealing.

image 1.pngSource: CryptoCompare

Other altcoins are also outperforming BTC. Kyber Network’s KNC tokens have so far this year risen over 650%, and over the last 30 days are up by 109% thanks to their upcoming Katalyst upgrade. The upgrade will allow KNC holders to stake their tokens to earn ETH rewards while participating in the protocol’s governance.

Similarly, 0x (ZRX) has been surging over a staking mechanism being implemented into its network. After the ZRX v3.0 update was implemented, market makers and other stakers started collecting ETH rewards via weekly payouts. The upgrade also allowed for a community-owned liquidity API, enabling DEX liquidity aggregation.

Finally, VeChain’s VET is up over 155% over the last 30 days thanks to an announcement revealing it was attending the World Artificial Intelligence Conference 2020, hosted by the Shanghai Municipal People's Government. The conference will also be attended by Microsoft, Alibaba, Tencent, Huawei, and Amazon.

img 2.pngSource: CryptoCompare

While there are various altcoins surging right now, some have warned not all cryptocurrencies will appreciate during the alt season. As CryptoGlobe reported, Binance CEO Changpeng Zhao revealed he believes 95% of cryptoassets won’t see a price rise during a bull cycle.

According to Zhao projects that have been around for three years and have nothing to show for it won’t likely see any gains, while projects that have consistently kept developing “will thrive.”

Featured image by Chris Liverani on Unsplash.