Press release. Bitcoin.com exchange is pleased to announce the listing of WOZX, which can be found at April 21, 2021, 10:00 am UTC. WOZX was created by the EFFORCE team including Apple co-founder Steve Wozniak. It is an energy-saving token that allows participants of its EFFORCE platform to generate energy savings from global efficiency projects Benefit from it. WOZX will start trading with ETH and USDT pairs.
At the same time EFFORCE Open its software platform to the public Complete the closed beta and start the new version EFFORCE Creation Treasure (https://app.efforce.io/).
In order to bridge the gap between the retail market and energy efficiency, the EFFORCE team has designed a product roadmap in the past few months, which will help increase people’s understanding of a rather complex multi-party ecosystem.
What is EFFORCE?
The energy efficiency market is a complex financial system. Thanks to EFFORCE, this market has become easily accessible to everyone for the first time. The Energy Services Corporation (ESCo) connects financing partners with partners who need to invest to improve the energy efficiency of their buildings.
Through Energy Performance Contracts (EPC), these structured companies are able to reap the benefits of initial contributions: energy efficiency translates to beneficiaries saving bills. The EFFORCE platform solves three major problems in the energy efficiency market:
- Difficulties in keeping donors and savers in touch.
- The size of the required contribution.
- Types of financial returns.
Through EFFORCE, the energy savings funded by contributors will be tokenized and used or sold to consumers with high energy consumption so that they can stop paying bills. Ultimately, EFFORCE’s mission is to become the first blockchain platform that allows users to participate in and benefit from global energy efficiency projects.
By commercializing energy conservation, EFFORCE has created a new class of tradable assets in the commodity market.
Why choose WOZX?
The EFFORCE token (WOZX) is a utility token used as a certificate for consumers and depositors to initiate and cooperate with EFFORCE for energy-saving projects. The EFFORCE token (WOZX) serves as a privileged qualification for pursuing good energy-saving projects.
For example: Contributors who want to participate in energy-saving projects on the platform may need to lock 1 token for every 1 USDT contribution. This mechanism will have the potential to activate a huge market with a certain lock-in requirement rate, such as 1 EFFORCE token: 10 USDT. Of course, the price of each project will be different according to market conditions and the decision of the project team. At least 1% of the total energy savings achieved by all projects will be distributed to all EFFORCE token holders. The percentage can be adjusted according to the governance mechanism of the EFFORCE platform. EFFORCE token holders can use their tokens as voting rights for general governance, such as the redistribution ratio of energy saving, etc. Tokens can be used to stimulate the ecology of the entire platform.
The following scenario shows the role of the EFFORCE token and how it will affect the entire ecosystem. By using the platform as the main tool to improve energy efficiency, the circulation of tokens can be enhanced.
Danish Chaudhry, CEO of Bitcoin.com Exchange, shared his thoughts on EFFORCE and their respective tokens: Over the past few years, there has been a growing interest in energy efficiency. EFFORCE’s platform can connect contributors and consumers in an unprecedented way in the blockchain field, which is indeed very valuable for the entire industry. ”
Chowdhury continued: “We are very pleased to see how EFFORCE will continue to enhance their vision for the future, not only in the blockchain field, but also in the entire global energy field. With the listing of the EFFORCE token (WOZX), we make The team’s token is more accessible to a wider audience and effectively supports its growth.”
Sergio Carloni, CEO of EFFORCE, said: “We have been working hard in terms of products and realizing our vision. We are honored to announce that everyone in the world can now use EFFORCE, and we have chosen to use it with an important partner like Bitcoin.com. The commercialization of energy saving is a necessary step to expand energy efficiency on a global scale and accelerate decarbonization by reducing energy consumption.”
About Bitcoin.com exchange
From first-time traders to advanced trading experts, the mission of Bitcoin.com Exchange is to enable people all over the world to trade cryptocurrencies with ease and confidence. With high liquidity, 24/7 multi-language support and dozens of trading pairs, coupled with high security, Bitcoin.com Exchange provides an attractive platform to trade any cryptocurrency. Since its launch, in less than a year, an average of more than 500,000 active traders have visited the exchange every month, and this number continues to grow as you read this sentence.
EFFORCE, co-founded by Steve Wozniak, is the first blockchain platform that enables everyone to participate in and benefit from global energy efficiency projects. By commoditizing energy conservation, EFFORCE has created a new tradable asset class that helps expand the scale of energy efficiency investments and accelerate the transition to a sustainable future. The efficiency industry has a market of 250 billion yuan, its renewable energy investment potential is twice that, and it is still in its infancy, so it offers unlimited opportunities. Come join EFFORCE at efforce.io
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