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About Efforce
Key Points:
- EFFORCE (WOZX) is the native cryptocurrency token of energy efficiency platform Efforce.
- Launched in December 2020, founded by Steve Wozniak, co-founder of Apple.
- Aims to democratize the energy efficiency industry, which suffers from financing and global outreach issues.
- WOZX tokens function as a medium for tokenizing energy savings on the Efforce platform.
Founders:
- Steve Wozniak, co-founder of Apple.
- Jacopo Visetti, Jacopo Vanetti, and Andrea Castiglione, with over a decade of experience in the
About Efforce: Empowering a Sustainable Future
Introducing EFFORCE (WOZX): A Revolutionary Force in the Digital Realm
EFFORCE (WOZX) is the indigenous cryptocurrency token of the pioneering energy efficiency platform, Efforce. Launched in December 2020, this innovative project and its corresponding token are the brainchild of the visionary Steve Wozniak, co-founder of the computing behemoth, Apple.
The primary objective of Efforce is to democratize the energy efficiency sector, which has long been hindered by financing constraints and limited global accessibility.
WOZX tokens serve as the medium of exchange, effectively tokenizing energy savings generated on the Efforce platform, thereby enabling seamless utilization by all participants.
The Visionary Founders Behind Efforce
As the EFFORCE token’s ticker name implies, the prominent figure synonymous with Efforce is Steve Wozniak, the renowned IT mogul celebrated globally for co-founding the iconic Apple alongside Steve Jobs.
Wozniak has proclaimed that, even then, one of his paramount objectives was to enhance energy efficiency in burgeoning technologies, with Apple poised to concentrate on crafting smaller, more efficient machines.
Efforce embodies this ethos, with an official press release at launch describing the product as the “pioneering decentralized platform that empowers everyone to participate and reap financial rewards from global energy efficiency projects, thereby driving meaningful environmental transformation.”
The company’s three other co-founders, Jacopo Visetti, Jacopo Vanetti, and Andrea Castiglione, bring to the table a collective wealth of experience spanning over a decade in the energy efficiency sector.
Unveiling the Unparalleled Essence of Efforce
According to co-founder Visetti, Efforce’s core business proposition revolves around empowering participants to generate revenue while driving and contributing to environmentally conscious energy efficiency initiatives that foster a sustainable future.
A pioneering marketplace for the industry, Efforce seeks to converge market participants and leverage decentralized technology to alleviate the inefficiencies plaguing the current energy efficiency ecosystem.
For instance, blockchain technology will be leveraged to document genuine energy conservation accomplishments, which will subsequently be recognized and rewarded with credits denominated in megawatt hours, available for either sale or personal consumption.
Efforce also assumes a consultative role, expertly navigating projects through the diverse stages of development and funding, leveraging the platform’s capabilities.
The WOZX token takes a significant leap forward in revolutionizing the industry by harnessing the power of cryptographic technology and decentralized payment systems.
According to the company, a surge in demand is all but inevitable, as the International Energy Agency’s Efficient World Scenario projects that the energy efficiency sector will reach a staggering $580 billion in investments by 2025, up from a current tally of $250 billion as of 2020.
What Is the Circulating Supply of EFFORCE (WOZX) Coins?
The EFFORCE (WOZX) token is a fixed-cap, ERC-20 standard cryptocurrency, native to the Ethereum blockchain, designed for seamless use and trade in conjunction with the Efforce energy efficiency platform.
A total of 100 million WOZX were minted at inception, with a fixed supply that remains steadfast at 100% of the initial allocation.
Out of the 100 million tokens, a substantial 45% will be allocated through a private placement. The distribution is as follows: 20% will be retained by Efforce itself, 20% will be dedicated to mining incentives, and the remaining 15% will be utilized for ecosystem development and consulting activities.
Token holders are entitled to a guaranteed minimum of 1% of the total energy savings accrued from successful projects, which will be proportionally distributed among all investors.
Furthermore, holders will be empowered to exercise their voting rights, thereby contributing to the system’s governance, as outlined in the Efforce whitepaper.
The Efforce Network’s Robust Security Mechanisms
Efforce employs an incentivization mechanism to motivate network participants to secure and support its infrastructure, a strategy akin to that of numerous corporate blockchain token setups.
Mining commences upon the successful launch of a project on Efforce, as outlined in the whitepaper, with token rewards slated for distribution on a graduated scale over a decade-long period.
This facilitates sustained engagement and liquidity as the company grows, thereby driving up the token’s notional value.
Where to Acquire EFFORCE (WOZX): A Comprehensive Guide
As of December 2020, EFFORCE (WOZX) has emerged as a novel cryptocurrency token, currently tradable on a growing yet limited number of platforms.
The inaugural major exchange to list WOZX was HBTC, and it is probable that a plethora of prominent exchanges will subsequently follow suit. Notably, HBTC provides trading pairs for WOZX with Bitcoin (BTC) and Tether (USDT), thereby facilitating seamless transactions.
New to the world of cryptocurrency? Our comprehensive guide is here to walk you through the seamless process of acquiring Bitcoin or any other digital asset with ease.
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