Apple’s co-founder, Steve Wozniak has just launched the second company, Efforce. Efforce is a blockchain venture that automatically sorts out prospective green projects. The blockchain venture’s token, symbolized as WOZX, received a warm welcome from investors around the world.
How Efforce combine cryptocurrency and green energy through blockchain technology
Efforce is designed to become a marketplace for green projects by utilizing blockchain technology. Noted from Nairametrics, Efforce utilizes blockchain to evaluate investments required. At the same time, it calculates the expected return and creates an Energy Performance Contract (ECP). Thus, it will further reveal the savings and returns’ periodicity to its investors and the business involved. Stakeholders have two options to buy into the project: through fractional or whole WOZX tokens.
Quoted from Nairametrics, Wozniak revealed that “Efforce allows business owners to safely register their energy update projects on the web and secure funding from all types of investors around the world. The companies will then have more available cash to use for other critical projects such as infrastructure or hiring.”
Efforce’s blockchain has its own smart meters that measure energy savings. Efforce will then redirect the energy savings, distributed in megawatt-hours, to the investors’ profile. Investors may sell or use the renewable energy credit.
Efforce receives positive reactions, market capitalization hit ten times of the listing price
Efforce utilizes a newly listed cryptocurrency, named as WOZX, for its transactions. Upon its listed date, Yahoo reported that the token reached $950M in only 13 minutes. Private sales also boosted its valuation into $80 million. Accordingly, Yahoo noted that WOZX/USDT pair was seen trading at 1.5250 as of Sunday afternoon. This indicates a 38,93% increase to 1.48 USD overnight at the HBTC exchange.
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