According to their website, WOZX is a utility token that allows to access contributions to energy efficiency projects. By holding WOZX tokens it is possible to take part into the governance of Efforce platform, make your proposals or vote for those made by others. WOZX is multichain, currently on Ethereum and Polygon. You can trade it on several exchanges like Huobi Global, Bithumb and Gate.io. A form of marketplace for the industry, Efforce aims to draw together those market participants and use decentralized technology to smooth out issues with the current energy efficiency ecosystem. Efforce also acts as a consultant, guiding projects through the various stages of development and funding while using the platform.
How Efforce works is simple:
- contributors can participate in energy efficiency projects by minting NFTs on Efforce platform
- companies benefit from energy efficiency at no cost and the resulting savings are tokenized and backed by Efforce
- a smart contract redistributes the resulting savings and carbon credits to contributors staking NFTs as rewards based on exact consumptions/savings data without intermediaries.
According to the WhitePaper, the total supply is 1,000,000,000 WOZX distributed as follows:
- private placement 45%
- Efforce Ltd 20%
- incentive for mining 20%
- ecosystem and consultants 15%
Efforce was founded in 2018 and is developed by Efforce Ltd, based in Valletta, Malta, the small island country in the center of the Mediterranean Sea. The most relevant team member is Steve Wozniak, Silicon Valley icon and co-founder of Apple.
Numerous films and documentaries have talked about his life and all the events that led him to co-found the famous american multinational technology company with Steve Jobs. Efforce’s other three co-founders — Jacopo Visetti, Jacopo Vanetti and Andrea Castiglione — have more than a decade of experience in the energy efficiency industry.
Efforce has a position on Coinmarketcap oscillating between the three hundred and fiftieth and the four hundredth place of the most capitalized coins.
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