What is Efforce?

Efforce (WOZX) is a cryptocurrency token linked to an energy efficiency platform of the same name. The platform and token were introduced in December 2020 by Steve Wozniak, co-founder of Apple. The primary aim of Efforce is to democratize the energy efficiency industry, which has historically faced challenges with financing and global outreach. WOZX tokens serve as the medium through which energy savings generated on the Efforce platform are tokenized and made accessible for use by any participant.

How does Efforce work?

Efforce operates as a marketplace for the energy efficiency industry, striving to bring together market participants and utilize decentralized technology to address issues within the current energy efficiency ecosystem. Blockchain technology is used to record actual energy saving achievements, which are then awarded as credits in megawatt hours for sale or consumption. Efforce also functions as a consultant, guiding projects through various stages of development and funding while using the platform. The WOZX token aims to introduce the industry to cryptographic technology and decentralized payments, potentially enhancing the platform's functionality.

What are the potential use cases for Efforce?

Efforce aims to provide a platform where participants can contribute to environment-saving energy efficiency initiatives while also benefiting from the platform's initiatives. The platform seeks to facilitate the development of energy efficiency projects, with the WOZX token playing a crucial role in this process. Token holders may receive a portion of the total energy savings from successful projects, distributed among all participants. Additionally, holders can use their token holdings for voting rights as part of system governance, according to the Efforce whitepaper. This makes Efforce a potentially valuable tool for those interested in both energy efficiency and decentralized finance.

What is the history of Efforce?

Efforce was introduced in December 2020 by Steve Wozniak, co-founder of Apple, along with co-founders Jacopo Visetti, Jacopo Vanetti, and Andrea Castiglione. Wozniak has expressed that one of his major goals, even during his time at Apple, was to improve energy efficiency in emerging technologies. Efforce continues this ethos, with a focus on democratizing the energy efficiency industry. The platform was introduced as a decentralized platform aiming to enable participation in worldwide energy efficiency projects and foster environmental change. The WOZX token was created at launch with a fixed supply of 100 million tokens.