What Is EFForce WOZX?
EFFORCE (WOZX) is the native cryptocurrency token of energy efficiency platform Efforce, launched in late 2020. As the EFFORCE token’s ticker name WOZX suggests, the project and token are the personal vision of Steve Wozniak, the IT mogul known the world over for co-founding Apple with Steve Jobs.
The main aim and goal of Steve Wozniak and Efforce team is to democratize the energy efficiency industry, which to this day suffers from teething problems with financing and global outreach.
WOZX tokens function as the currency medium through which energy savings that are created on the Efforce platform are tokenized for use by any participant.
Who Are Other Founders of the EFForce Project?
3 Other co-founders of the company are Jacopo Visetti, Jacopo Vanetti and Andrea Castiglione, where each have more than 10 years of experience of working in the energy efficiency industry.
How The EFForce Cryptocurrency (WOZX) Token Works
EFForce token (WOZX) is a native cryptocurrency that represents the energy efficiency platform. Launched in December 2020, this technology is a brainchild of Apple co-founder Steve Wozniak. Its mission is to democratize the energy efficiency industry, which is plagued by teething problems with global outreach and financing. The WOZX token functions as a medium for the energy savings that are created through the Efforce platform.
Unlike other cryptocurrencies, the EFForce token is completely free to use and it can be traded on exchanges like Gate.io or Huobi Global. Atomic wallet supports a wide range of digital currencies. The WOZX token is the native currency of the EFFORCE platform. It has a supply of 1,000 million. Of these, 45% goes towards the private placement, 20% to EFFORCE Ltd., and 15% goes into the ecosystem.
EFForce’s WOZX token will be used in energy efficiency projects. Its purpose is to provide a digital marketplace for companies that wish to invest in these projects. These energy efficiency projects are expected to track their efficiency and send data to the blockchain for investors to track and profit from. The tokenization of these savings will allow anyone in the world to access tokenized energy savings. However, the company’s plans to launch more exchanges in the future will likely limit its reach.
A recent move by the troublemakers of DeFi has led to the listing of a token with the WOZX ticker symbol on the Uniswap. Among other executives, Wozniak lists as a co-founder of Efforce, and Jacopo Visetti has been named as the “project lead.” Both are Italians who have worked together on previous projects, including the founding of the startup AitherCO2.