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FUTURE Energi Tokens have arrived to decentralize the energy market

Published 19 DEC 2017 11:23AM

Words by Joellie Hale




If you have ever sat and despaired at the state of this money-driven world, you are not alone. But finally, hope is glimmering innovatively on the horizon.

For as long as anyone can remember, homes have been kept warm, dry and cosy by the provision of gas and electricity by an energy company. The global electricity markets, worth an incomprehensible $2 trillion – that’s £2,000,000,000,000 or two million million – are closed and controlled by just a few massive players.

Currently, the central market is ruled by money and concerned only with making money. Energy companies are incentivised to sell more energy at the highest possible price. Energy which they sell to you.



But perhaps the end is nigh for this unscrupulous system. Energi Mine, an ambitious start-up from Oldham, Manchester, aims to overthrow the central energy market. They plan to change the way that energy is both supplied and consumed. Their system rewards energy-saving behaviour with Energi Tokens; these tokens can then be cashed in to save money on your energy bill.

Finally, a company has been smart enough to implement an energy saving system, which might actually work! Of course, it was always going to be about money. In this day and age, people really care about the environment. And it’s not just the hippies anymore – it’s actually trendy to be environmentally friendly.

However, money still rules the workings of the world. Especially in the world of energy; electricity can be expensive, so it takes a very selfless person to choose an environmentally friendly company, which are often more expensive. Small steps are seemingly lost in the vast sea of destruction.

Energi Mine has spotted an opportunity: even if you are, somehow, uninterested in the preservation of the planet, surely you will be interested in saving money. The sordid can counter their newfound environmentally friendly behaviour by driving their electric vehicle to the airport for another trip to Dubai.


The pure can set their eco-friendly washing machine onto extra-eco and magnify their impact by donating the money to a charity in need. The rest of us can ride the bus home, clutching our extra bottle of wine.

The world is your oyster! Even the most mercenary among us will surely be tempted to behave in a more mindful manner. You can bet these behavioural changes will ripple through families and friends, and hopefully across the whole world.

And, as always, if you’re extra switched-on and forward planning, you can also maximise your financial gain. Energi Mine is currently hosting a ‘Token Sale’. Interested parties can pre-buy tokens ready for use in the near future. Tokens are purchased using the gloriously named cryptocurrency, Etherium. If the growth of this digital currency continues as expected, tokens purchased today will be worth a whole lot more in a few months time.

All this wouldn’t be possible without cryptocurrency. A little background on the virtual
world of cryptocurrencies.


The biggest, the baddest, the original: Bitcoin is the father of all cryptocurrencies. Launched in 2008, it slowly bubbled and gained mainstream media attention in 2013, giving birth to hundreds of healthy offspring in the process. These offspring, such as Litecoin, Ripple, Moneto and the aforementioned Etherium, work on a similar principle, each with their own little twist.


So, what is Bitcoin?

“Virtual currencies, perhaps most notably, Bitcoin, have captured the imagination of some, struck fear among others, and confused the heck out of the rest of us.” - U.S. Senator, Thomas R. Carper


If you find yourself scratching your head, wondering what on Earth a Bitcoin actually is, you are not alone. Let us not become bogged down with the definition of a Bitcoin. We just need to know that Bitcoins run on a decentralised network, with transactions passing anonymously between two parties.

Transactions are recorded on a database held by every person involved in the market; this prevents double-spending, while eradicating the need for a central network. Bitcoin is for the people, by the people. Your information does not belong to an unknown, potentially evil entity, i.e. a bank; it belongs to everyone, but no one can see it. It is irreversible, pseudonymous, fast, global, secure and permissionless. It is the future. And the future is now.

Cryptocurrencies can be used for virtually anything. The potential that they could one day eradicate the need for the old I-owe-you system commonly known as banks is no longer a mere whisper, uttered only by the boldest of thinkers. It is now very real. You can almost taste the irony.


And, there really is so much creative thought in the world, that apparently anything is possible these days. You don’t even have to be enthused by finances to succeed in this futuristic market. If you’re sent to sleep by the in-depth analysis required to play in the cryptocurrency market, but you are interested in playing games on your mobile, you might want to check out CryptoKitties.

The world really has gone mad; you can invest in Kitties with rare traits, breed them, and sell the offspring. Dabble in cat breeding, while keeping your nose clean of the troubles associated with this bitchy world, and get super rich at the same time? Sounds amazing!

All you need are some Chrome extensions to gauge prices, a few hundred pounds to waste, hope, and luck.

Of course, as is often the way with the balloon to rise too fast, CryptoKitties may yet crash and burn. The network is unstable, meaning that it can be hard to post Kitties. The future for CryptoKitties may be as uncertain as a Brit braving the recently icy roads, but you can bet that in whatever form, Cryptocurrencies are here to stay.

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