Apple co-founder Steve Wozniak has unveiled crypto technology known as Efforce that’s promising energy industry innovation through a virtual currency known as WOZX.
The designed system is to leverage the power of blockchain in democratizing access to energy efficiency projects, investment opportunities
Efforce is “a blockchain-based energy-saving trading platform” that “brings together those who want to improve the energy efficiency of their buildings or industrial processes with a pool of contributors interested in being repaid in tokens representing the energy savings achieved.”
Holders of the token may also take part in decision-making involving the Efforce platform, too.
The purpose of creating Efforce by Apple Co-Founder Wozniak is to be the first decentralized platform that allows everyone to participate and benefit financially from worldwide energy efficiency projects, and create meaningful environmental change.”
This might include switching to low-energy LED lighting, or adopting a better manufacturing process to save on electricity.
Efforce allows business owners to safely register their energy upgrade 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.
The fast-rising crypto, WOZX has just hit a market capitalization of over $1 billion within days of launch, which is over 10x the value of its listing price.
How to buy WOZX
WOZX is only available on one exchange right now—HBTC. And next week, it will be available to buy on Bithumb Global.
To buy WOZX, you’ll need to set up an account with the HBTC exchange, which takes minutes to set up. Then, once in the exchange, you won’t be able to buy WOZX directly—you’ll need to buy the token it’s paired with: Tether (USDT), a stablecoin pegged to the US dollar.
How to buy USDT
Buying USDT on HBTC is easy; to do so, hook up your bank or credit card to the exchange and click the buy button. Once USDT on the exchange, you can use it to buy WOZX. You can also move USDT that you’ve bought on other exchanges, such as Coinbase and Binance, to HBTC, and then use that USDT to buy Woz’s new token.
The startup will then use special meters to measure the energy savings from the project and log them on the WOZX blockchain. Any savings made will be distributed into the investor’s profile as energy credits.