The company, co-founded by Steve Wozniak and Jacopo Visetti, revealed the details of its ambitious project to the general public.
EFFORCE aims to reduce energy consumption and pollution by introducing a new market standard and becoming the new global benchmark in the field of energy efficiency.
EFFORCE was born from the expertise of Jacopo Visetti, who during his 8 years of experience with AitherCO2 in the field of energy efficiency has helped more than 2,000 customers achieve savings of more than $700 million in energy costs. EFFORCE is ready for the new major step, allowing everyone to participate in this real technological and energy revolution.
A blockchain platform dedicated to energy efficiency projects will be launched with the aim of bringing together, on the one hand, those who want to improve the energy efficiency of their buildings or industrial processes, and on the other, a pool of investors interested in obtaining a return on their energy savings.
The platform solves the three main problems of the energy efficiency market: the difficulty of connecting companies that need a higher level of energy efficiency with the savers, the lack of standardisation of the market, and the high barriers of entry for potential investors due to contribution thresholds often too high for individual energy efficiency projects.
EFFORCE tokenises energy savings, thereby making this market accessible to all.
The energy efficiency market in the last ten years has reached an interesting size: $241 billion globally, with an average annual growth of 10%, and it still has huge development prospects.
The White Paper also describes the new token that will be launched, the name of which will be EFFORCE, while the symbol will be WOZX. It is a classic ERC20 token based on the Ethereum blockchain, which will be placed on the market through a private placement.
WOZX will be utility tokens that will act as energy saving certificates, allowing their owners to get a share of the energy saved by all the efficiency projects financed by EFFORCE. They will also give their owners voting rights for the overall governance of the platform.
The White Paper can be found on the official Efforce.io website.