45 years after co-founding Apple with Steve Jobs, Steve Wozniak launched Efforce (WOZX), a blockchain company that aims to reinvent energy efficiency. Efforce presents itself as an energy market allowing companies to undertake energy efficiency projects without barriers.
Strive, a future blockchain giant?
Famous Apple co-founder Steve Wozniak is launching his 2nd company, Efforce , aimed at transforming and energizing the energy efficiency market. After forever changing the world of tech, Steve Wozniak is now taking on the energy industry, helped by blockchain .
Efforce promotes itself as a blockchain-based energy market that enables companies to take energy efficiency measures without barriers. The new company wants to be accessible to all – regardless of borders – so that any company and investor can „monetize the transferable energy savings“ .
As the press release points out , the financing of energy efficiency measures is proving to be particularly complex, both financially and in terms of regulations. This greatly limits the speed of growth of this market. To boost energy efficiency across the world, Bitcoin System is accompanied by a blockchain- based platform and its own token, the WOZX .
“Endeavor was created to be the first decentralized platform that enables everyone to participate and financially benefit from global energy efficiency projects, and create meaningful environmental change,” said Steve Wozniak.
The exchanges between the parties will be fully managed by smart-contracts on Ethereum . In addition, the WOZX is an ERC-20 token which acts as a utility token for Efforce. The WOZX serves as a certificate for initiating energy saving projects and for cooperation between consumers and savers.
Contributors who wish to take part in energy saving projects on the platform may be required to lock in 1 WOZX for every 1 USDT of contribution . Such a mechanism would eventually make it possible to raise the demand rate, for example to be required to block 1 WOZX for every 10 USDT of contribution.
Holding WOZX tokens gives voting rights for the general governance of the project, in addition to offering interests to its holders.
A start with great fanfare for WOZX
Although the first Efforce concepts were launched in September 2017, its launch has just happened. Since December 3, the WOZX token has been listed on the HBTC platform , and its success is already remarkable.
With a listing price set at $ 0.10 on the platform, WOZX is trading at the time of writing these lines around $ 1.48. The launch seems particularly successful, especially since the volumes exceed 10 million dollars over the last 24 hours .
The token should also be listed on the South Korean platform Bithumb , before most likely making its entry on other platforms.
For the moment, it’s hard to know how far Efforce and its WOZX token will take us. However, with Steve Wozniak at the helm, this new project may become a staple in some time.
With the goal of democratizing the $ 250 billion market for energy efficiency projects, will Efforce succeed in repeating Apple’s feat of expanding access to personal computers?