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As a blockchain-based energy startup, the Steve Wozniak-backed Efforce will be building the investment capabilities on its platform through its newly unveiled WOZX token.
Steve Wozniak, the genius engineer who co-founded Apple Inc (NASDAQ: AAPL) about 45 years ago, has floated a new company called Efforce. According to the press release announcing the new venture, Efforce comes off as a blockchain-based energy marketplace that affords companies around the world to undertake energy-efficient projects without barriers.
With Efforce projected to overhaul the energy efficiency marketplace, investors will be able to invest their excess liquidity through the platform while having access to energy efficiency models for use in their organization.
“Energy consumption and CO2 emissions worldwide have grown exponentially, leading to climate change and extreme consequences to our environment. We can improve our energy footprint and lower our energy consumption without changing our habits. We can save the environment simply by making more energy improvements,” said Wozniak. “We created Efforce to be the first decentralized platform that allows everyone to participate and benefit financially from worldwide energy efficiency projects, and create meaningful environmental change.”
With the energy efficiency projects currently at a $250 billion valuation, the opportunities for small companies to partake of this project is at a very low ebb. Huge amounts of investments are required for companies to transform their energy needs to a sustainable one and accessing the funds needed for this has usually proved difficult especially for the less liquid firms. The coming of Efforce is hence billed to democratize the energy investment approach.
“We have created a business model that allows anyone to participate in the greater good of making the world cleaner and healthier, all by leveraging efficiency for economic growth,” said Jacobo Visetti, project lead, and co-founder, Efforce. “Energy efficiency is a way to create a sustainable future, and this is a way to help counter climate change, reduce carbon – and make money while you do it.”
Steve Wozniak’s Efforce to Work Based on the WOZX Token
As a blockchain-based energy startup, the Steve Wozniak-backed Efforce will be building the investment capabilities on its platform through its newly unveiled native token, the WOZX token, named after the iconic tech maven.
In a dual listing announcement made by Efforce, the WOZX token has been listed on the cryptocurrency exchange hbtc.com with plans to be listed on Bithumb Global in the coming week. The launch of the WOZX token has signaled a commendable inaugural rally for the entire project as the launch spurred an increased valuation of the network by tenfold to $950 million according to the New York Post.
The growth trajectory of Efforce is promising, taking in consideration the expertise of the brains behind the project. As detailed in the press release, “the company is run by veteran executives highly familiar with the energy efficiency sector, who after a decade of experience with the less efficient but still-profitable ESCO (Energy Service Company) model began to develop the Efforce business model and platform.”
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