Energi was started by Tommy World Power in summer 2017, born from Tommy’s vision of a powerful economically-optimized self-funding cryptocurrency (which alone is far more rare than you would think), combined with smart contract capabilities and decentralized governance. In this design, Energi’s own emission is used the primary funding mechanism for fueling its growth. Discussion about economic optimization of cryptocurrencies is rare, and even more rare to see it accompanied with the other most significant features of cryptocurrency protocols. Tommy has spent thousands of hours researching the cryptocurrency space and its technologies from a high level since 2013, originally in order to make good investments. Tommy recognized the enormous missed value in the space, but recognizing how difficult it was for other projects to change and understand his vision, so instead he chose to create it, and thus Energi was born. Tommy made a video on his early concept, and soon after began working on Energi.
In its first year and until launch, Energi was primarily in a development phase and funded solely by Tommy. No money was raised by outside or public investors, and there was no ICO. Finally, after the concepts Tommy engineered had been brought to life, Energi launched on April 14th, 2018. Through the bear market of 2018, Energi has continued to grow and expand, at a time when most projects had gone into hibernation mode, or even completely diffused. Energi attributes its success to strong economics and skilled leadership, despite extremely challenging market conditions. As of now, Energi has approximately 20 active contributors building Energi.