Coin Magi ( XMG) was founded in 2014 by Joe Lao and is a decentralized cryptocurrency empowered by everyday people. It focuses on energy efficient mining thanks to the m7mhash (PoW) algorithm and staking functions (PoS). Payments can be made across borders in a friction-less manner at a fraction of the cost. The blockchain is backed by miners and stakers all over the world making the project self-sustainable. You can read more about it in the original whitepaper, the original website and on the community site.