APPLE co-founder, Steve Wozniak, launched EFFORCE on the 3rd of December, a company that facilitates investments in energy efficiency projects, that is, environmental sustainability, via cryptocurrency and blockchain technology.
EFFORCE aims to be marketplace to streamline the process of financing and facilitating projects by enabling them to receive crowd funding from investors, via it's token WOZX - named after Wozniak, which was listed on Thursday through HBTC.
Steve Wozniak and Steve Jobs formed APPLE in 1976 and built it into a personal computer pioneer-which is now worth more than $2 trillion- in 1985 after its initial coin offering.
We created EFFORCE to be the first platform that allows everyone to participate and benefit financially from worldwide energy efficiency projects, and creates meaningful environmental change - Wozniak said in a statement
The fast rising crypto, WOZX, has just hit a market capitalization of over $1 billion within days of launch, which is over 10x the value of its listing price.
HOW EFFORCE WORKS
EFFORCE helps by evaluating the investment required, calculating the expected return, and creating an energy performance contract (EPC), that reveals the saving and the periodicity of the returns for it's investing and the business.
Let's break this down here:
- The crypto structure list the project of crowd contribution.
- Stakeholders can buy into the project using fractional or whole WOZX tokens.
- EFFORCE measures energy saving on these process through smart meters attached to the blockchain. The data are then loaded to the investors profile as an energy credit for use or sale by the investor.
- Energy credits are distributed in megawatt -hours
WOZX is given to those who take part in EFFORCE energy-swing initiations. Holders for the token may also take part in decision making involving the EFFORCE platform too.
The company will launch on BITHUMB GLOBAL, another marketplace for decentralized currencies this week.
Right now you can get WOZX tokens on HBTC and uniswap (v2).
EFFORCE comprises a team of Steven Wozniak, Jacopo visetti, Jacopo vanetti, and others.
