PRESS RELEASE. The Bitcoin.com exchange is pleased to announce that the listing of WOZX, which took place on 21. April 2021 at 10:00 UTC will be available for trading. Created by the EFFORCE team, including Apple co-founder Steve Wozniak, WOZX is a symbol of energy conservation and enables members of the EFFORCE platform to benefit from the energy savings achieved through energy efficiency projects around the world. WOZX will begin trading ETH and USDT pairs.
At the same time, EFFORCE is opening its software platform to the public after the completion of the closed beta phase and the launch of the new EFFORCE Genesis pool (https://app.efforce.io/).
In an effort to bridge the gap between the retail market and energy efficiency, the EFFORCE team has been working on a product roadmap over the past few months to better understand a fairly complex and layered ecosystem.
What is EFFORT?
The energy efficiency market is a complex financial system. Thanks to EFFORCE, for the first time this market will be easily accessible for everyone. Communication between funding partners and those in need of investment to improve the energy efficiency of their structures is facilitated by energy service companies (E.S.Co.).
Energy performance contracts (EPCs) allow these structured companies to benefit from an initial contribution: Energy efficiency saves money on beneficiaries’ bills. The EFFORCE platform addresses three major challenges in the energy efficiency market:
- Difficulties in contacting sponsors and donors.
- Amount of the compulsory contribution.
- Nature of the financial gain.
Through EFFORCE, sponsor-funded energy savings are symbolized and passed on or sold to energy-hungry consumers, who no longer have to pay their bills. Ultimately, the mission of EFFORT is that it wants to be : The first blockchain platform to enable users to participate in and benefit from energy efficiency projects around the world.
The marketing of EFFORCE energy savings has created a new product category in the commodities market.
Why choose WOZX?
The EFFORCE token (WOZX) is a utility token that serves as a certificate to start an energy savings project and work with consumers and savers with EFFORCE. The EFFORCE (WOZX) token serves as a preferred qualifier for well-executed energy-saving projects.
For example: Donors wishing to contribute to energy-saving projects on the platform may be asked to enclose a token for every dollar contributed. For example, this mechanism could activate a huge market at a certain blocking rate. B. 1 EFFORT token: 10 USDT, which of course varies from project to project depending on the market situation and the decision of the project team. At least 1% of the total energy savings from all projects will be distributed to all EFFORCE token holders. This percentage can be adjusted at will via the management mechanism of the EFFORCE platform. EFFORCE token holders can use their tokens as rights and interests, such as. B. Voting rights for general administration, e.g. B. the redistribution rate for energy savings, etc. The token can be used to boost the overall ecology of the platform.
The diagram below shows the role of the EFFORCE token and its impact on the entire ecosystem. The circulation of tokens will be promoted by using the platform as an important tool to increase energy efficiency.
Danish Chaudhry, CEO of Bitcoin.com Exchange, gave his views on EFFORCE and how they use tokens: The recent world situation has shown us the importance of working together as a global unit to improve society, and this has led to a greater interest in energy efficiency, which has grown rapidly in recent years. Because the EFFORCE platform can connect participants and consumers in a way that hasn’t been done before in the blockchain space, it is indeed something of great value to the industry.
Chaudhry continued: We are very excited to see how EFFORCE will continue to develop its vision for the future of not only the blockchain space, but the global energy space as a whole. By listing the EFFORCE token (WOZX), we make the team’s token accessible to a wider audience and effectively support its growth.
Sergio Carloni, CEO of EFFORCE: We worked hard on our product to achieve our vision. We are honored to announce that anyone in the world can now use EFFORCE, and we have chosen to do so with an important partner like Bitcoin.com. The commercialization of energy savings is a necessary step to increase global energy efficiency and accelerate decarbonization by reducing energy consumption.
About the Bitcoin.com exchange
The mission of Bitcoin.com Exchange is to make it easy and safe for people around the world to trade cryptocurrencies, from beginners to advanced trading professionals. With high liquidity, 24/7 multilingual support and dozens of trading pairs, complemented by a high level of security, Bitcoin.com Exchange offers an attractive platform to trade any cryptocurrency. In the year since its launch, the exchange has averaged over 500,000 active traders per month, and that number continues to grow as you read this offering.
EFFORCE, founded by Steve Wozniak, is the first blockchain platform that allows anyone to participate in and benefit from energy efficiency projects around the world. The commercialization of energy savings through EFFORCE has created a new class of tradable assets that facilitate greater investments in energy efficiency and accelerate the transition to a sustainable future. With a market of $250 billion, the energy efficiency sector has twice the investment potential of renewable energy, but it is still in its infancy and offers endless opportunities. Join EFFORCE at efforce.io.
This is a press release. Readers should do their own due diligence before taking any action regarding the advertised company or any of its subsidiaries or services. Bitcoin.com shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any such content, goods or services mentioned in the press release.
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