Project Name: NRG wallet
Project Track: DeFi
Team Name: NRG Team
Team Member(s): @Stian @TMMS @TronNinjas
HackerEarth Project Link: NRG - HackaTRON Season 5 - Submission | HackerEarth Hackathons
Demo Video: https://youtu.be/bF5rDHBhlMs
We’re thrilled to present to you NRG Wallet, a pioneering initiative from our startup that aims to streamline the complexities and financial hurdles faced by users on the Tron and BTTC chains.
Problem and Objectives:
Despite there being an impressive average of 151,014 USDT transfers monthly on Tron, our market research indicates that many users lack adequate understanding of the optimal ways to interact with the chain. This often results in inefficient usage and unnecessary expenditure. Further, the current wallets supporting Tron do not sufficiently cater to the robust community of dApp users and the array of projects that thrive on Tron every day. These two primary issues serve as a substantial hindrance to the wide-scale adoption of these chains and the flourishing of myriad projects.
Our project, NRG Wallet, is designed to address these challenges by fostering user education, streamlining the interaction with the blockchain, and nurturing a community-first approach that will accelerate the adoption of Tron and BTTC.
Project Details and Methodology:
NRG Wallet is a comprehensive multi-chain wallet offering support to Tron, BTTC, ETH, BTC, and Matic, with a pronounced focus on the Tron and BTTC chains. Our platform simplifies the intricacies of using Tron and BTTC, providing a user-friendly, cost-effective tool for personal finance.
Our approach is rooted in extensive market research, concentrating on the areas of highest energy consumption on the Tron blockchain. By doing so, we aim to deliver a more energy-efficient, user-friendly experience while also offering in-depth educational resources that empower users to interact with the blockchain more effectively.
At NRG, our objective is straightforward yet potent - to facilitate cheaper, easier transactions on the Tron blockchain for users worldwide. Our platform enables businesses and users to capitalize on NRG’s smart energy rental system, which significantly reduces transaction costs and offers an opportunity for profit.
Envisioned as a discount layer, NRG enables transactions at lower costs. Despite the popularity of Tron for USDT transfers and cross-border remittances, using Tron can be expensive for those who lack sufficient TRX (Tron’s currency) for acquiring the necessary energy. Our solution allows users to rent the energy required for transactions, leading to potential savings of up to 75% on fees.
Amid evolving technological landscapes, we remain resolute in our commitment to bring NRG Wallet to fruition. We believe in the power of this solution to drive blockchain adoption, eliminate inefficiencies, and nurture a robust community. We are filled with anticipation for what lies ahead and look forward to sharing our progress with you. Thank you for your support and consideration.
We are NRG, an innovative, self-sustaining, and the first of its kind decentralized energy rental system operating on the Tron blockchain. Our platform offers a secure and transparent medium for users to provide and rent energy.
Our team comprises seasoned web2 programmers, driven by a passion for solving real problems and creating impactful solutions.
NRG Wallet Functionality and Working Mechanism:
The NRG Wallet is much more than a simple cryptocurrency wallet - it’s a comprehensive personal finance tool that significantly enhances the user experience and efficiency of interacting with multiple blockchains.
The primary functions of the NRG Wallet include:
Multi-Chain Compatibility: The NRG Wallet supports multiple chains - Tron, BTTC, ETH, BTC, and Matic - allowing users to manage a variety of assets from a single interface.
Cost Efficiency: We’ve designed our wallet to provide seamless and cost-effective transactions. By understanding where most energy is consumed on the Tron blockchain, our wallet optimizes energy usage and ensures transactions are efficient and economical.
User Education: In the future our wallet is equipped with educational resources to help users better understand and interact with the blockchain networks they use. This empowers users and can lead to more effective use of their assets.
Community Support: In the future The NRG Wallet will support dApp users and projects on the Tron and BTTC chains, fostering a community-focused approach that can lead to more innovation and growth in these ecosystems.
How it Works:
The NRG Wallet operates on an innovative model powered by NRG and a community of providers. Here’s a break down:
NRG Power: The wallet harnesses the power of NRG, at the heart. The usage of NRG ensures a secure, swift, and cost-effective transactional environment.
Community of Providers: The NRG Wallet also leverages the power of community providers. These are network participants who commit their resources to support the functionality of the wallet. They’re incentivized through a reward system paid in TRX, creating a mutually beneficial environment.
Adaptive Energy Management: Our unique model allows for adaptive energy management. When a user initiates a transaction, the wallet communicates with our network of providers to source the required energy at the most optimal rate, thereby ensuring that the transaction cost is minimal and efficient.
The NRG Wallet, therefore, offers a transformative experience to blockchain users - bridging the gap between the complexity of blockchain and user-friendly experiences, while fostering a more robust and inclusive ecosystem. We’re at the forefront of not only increasing blockchain adoption but also contributing to its overall growth and advancement.
Project Website: https://tronnrg.com
Project Test Instructions: Download the APK file from the Google drive provided and install on your Android device or contact a member of the team to be added to the beta program and download from the Google Play store.
Create a new wallet
Send 5 TRX to your newly created wallet.
Send 1 USDT to your newly created wallet.
Send 1 USDT to another address and enjoy discounted transactions
Project Details: For details to follow
Smart Contract links: N/A
Project Milestones: Downloadable APK file