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Efforce

Efforce (WOZX) is the first blockchain-based energy-saving trading platform that allows anyone to participate and benefit from tokenized energy savings generated by energy efficient projects worldwide. [1]

Overview

Efforce acts as a digital marketplace where companies can use to raise funding for energy-efficiency projects. The platform works with energy service companies (ESCOs) to evaluate the investment needed for projects, calculate the anticipated savings, and come up with a contract that details the returns for the company and investors. [3] 

The platform then lists the project for crowd contribution. Meaning, participants may buy into the project using fractional or whole WOZX tokens.  [2]

Efforce then measures the energy savings from the project through smart meter s attached to the blockchain. The platform then logs them on the WOZX blockchain. Any savings data is loaded into the investor's profile as energy credits for use or sale by the investor. Energy credits are distributed in megawatts-hours.  [1]

The energy savings generated becomes an asset to token holders, where they can decide to sell them or use them to reduce their electricity bills.  [2]

History

Efforce was started by co-founders Steve Wozniak, Jacopo Visetti, Jacopo Vanetti, Ken Hardesty, Stefano Scozzese, and Andrea Castiglione in January 2018. The platform was created to allow everyone to participate and benefit financially from global energy efficient projects, while also creating meaningful environmental change.  [1]

On December 3, 2020, the platform launched their token, WOZX, which was named after Wozniak himself. The token reached a market cap of $950 million in the first 13 minutes after it launched. WOZX surged by 1,400 percent and the initial price of the digital currency rose from $0.1 to $1.41 since it started trading. [3]

WOZX Token

Efforce's platform launched their own cryptocurrency under the ticker symbol, $WOZX, on December 3, 2020, on the HBTC exchange. WOZX is given to those who take part in the platform's energy-saving initiatives. Holders of the token can take part in decision-making involving the Efforce platform. [3]

Token Distribution

The total WOZX token fixed supply is capped off at 1,000,000,000 WOZX and no new tokens will be created.  The tokens are allocated as follows:

  • 45% for Private Placement

  • 20% for Efforce Ltd

  • 20% for Incentive for mining

  • 15% for Ecosystem and Consultants 

Purchasing WOZX

To buy WOZX, prospective holders need to set up an account on the HBTC exchange. Once in the exchange, users will need to buy the token WOZX is paired with, Tether (USDT), a stablecoin pegged to the U.S. dollar. [2]

Once USDT is bought, holders can use it to buy WOZX. Holders can also move USDT from other exchanges into the HBTC exchange. [3]

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Efforce

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