Computing legend Steve Wozniak turned his attention to green technology and blockchain when he co-founded Efforce.
Steve Wozniak is now targeting the $ 241 billion energy efficiency market. The Apple co-founder announced the public launch of Efforce, an energy saving platform powered through blockchain technology.
Efforce will raise funds for energy saving projects through token sales. HBTC listed WOZX on December 3. The token will also launch on Bithumb Global in the next week.
An idea of 241 billion dollars
Strive states that the savings and environmental benefits of corporate energy saving projects are considerable. However, smaller companies, in particular, have difficulty obtaining financing for such projects.
Efforce connects Companies (sic) with the people it calls Collaborators on your platform. Investors buy future tokenized savings and thus finance the project carried out by the Company. Smart contracts on blockchain record transactions and savings
In a One-pager of the company, Efforce claims the energy efficiency market reached $ 241 billion and is expanding at 10% annually.
Efforce worked in “silent mode” for much of 2019, with Wozniak on board. His work was an open secret that came to light on occasion, and both media such as Maltese officials they took note. Woz apparently even talked about it with TRON’s Justin Sun, who met him after trying to pay $ 4.6 million to have lunch with Warren Buffet.
The WOZX token is the utility token of the project. According to the white paper, Efforce will launch 1 billion tokens. The private token location determines the initial value of the token. However, an example in the white paper, It also describes Contributors who block Tether at a value of 1 USDT per WOZX.
One element that is not clear is the role of mining. The authors mention mining in the paper, but there do not appear to be any details describing the process. It says that mining tokens start when projects are launched. Mining rewards will be reduced annually.
Efforce is setting aside a fifth of the tokens. The company will give them as incentives to the project participants. These do not have to be Contributors, anyone who is involved can receive them. The white paper specifies certain types of incentives. These are for major partner sign-ups, funding partner contributions, and mining.
Will it work?
The puzzling lack of details about mining in the white paper can scare potential contributors. However, the basic idea and the addition of Steve Wozniak could attract more reading. Hopefully there will be more information closer to the launch on Bithumb Global later this month.