A few days ago, EFFORCE, a project co-founded by Steve Wozniak of Apple, published its whitepaper, revealing the upcoming launch of the IEO.
EFFORCE aims to reduce energy consumption and pollution by introducing a new market standard and becoming the new global reference point in the field of energy efficiency.
The company was born from the expertise of Jacopo Visetti, who with AitherCO2 in the 8 years of experience accumulated in the field of energy efficiency has helped more than 2,000 customers to save more than $700 million in energy costs.
A blockchain platform dedicated to energy efficiency projects will be launched to bring 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 being reimbursed for 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 savers, the lack of standardisation of the market, and the high barriers of entry for potential investors due to minimum contributions often too high for individual energy efficiency projects.
EFFORCE tokenises energy savings, thus 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 whitepaper also describes the new token that will be launched, whose name 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 a utility token that will act as an energy-saving certificate and will allow its owners to get a share of the energy saved by all efficiency projects funded by EFFORCE. They will also give their owners voting rights for the overall governance of the platform.