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Efforce Stock

Efforce

WOZX

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Efforce Whitepaper

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Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
IndodaxWOZX/IDR000602.920cex17/9/2025, 6:23 AM
GateWOZX/USDT0000.190cex16/13/2025, 6:09 AM
Gate.ioWOZX/ETH00000cex14/8/2025, 6:32 AM
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Efforce FAQ

### What is EFFORCE (WOZX)? Efforce is an innovative platform leveraging blockchain technology to optimize energy efficiency projects. By using the WOZX token, it enables collaborative investment in energy-saving initiatives, thus reducing energy consumption and promoting sustainability. For more detailed insights into Efforce and the performance of the WOZX token, you can visit Eulerpool.

EFFORCE (WOZX) is the native cryptocurrency token of the energy efficiency platform Efforce. Introduced in December 2020, this project and its associated token were developed by Steve Wozniak, the co-founder of computing giant Apple. The primary goal of Efforce is to democratize the energy efficiency sector, which continues to face challenges related to financing and global expansion. WOZX tokens serve as the medium that facilitates the tokenization of energy savings generated on the Efforce platform, making them accessible for use by any participant.

Who Founded Efforce?

As the ticker name of the EFFORCE token indicates, the primary figure associated with Efforce is Steve Wozniak, the renowned IT entrepreneur celebrated for co-founding Apple alongside Steve Jobs. Wozniak has expressed that even during the early days, a key objective was to enhance energy efficiency in emerging technologies, with Apple poised to concentrate on creating smaller, more efficient machines. Efforce upholds this principle, with an official press release at its launch describing it as the “first decentralized platform that allows everyone to participate and benefit financially from worldwide energy efficiency projects, and create meaningful environmental change.” The company's other three co-founders—Jacopo Visetti, Jacopo Vanetti, and Andrea Castiglione—bring over a decade of experience in the energy efficiency sector.

What Distinguishes Efforce? Efforce stands out due to its innovative approach to energy efficiency and blockchain technology. It is the first platform that allows contributors to benefit from the energy savings generated by energy efficiency projects worldwide. By tokenizing energy savings, Efforce enables participants to gain value from these environmental enhancements. Additionally, the platform facilitates decentralized, transparent energy efficiency investment, creating a new market for sustainable energy solutions. For detailed information on Efforce, including market trends and data, visit Eulerpool.

According to co-founder Visetti, Efforce’s main business proposition is to enable participants to generate revenue while engaging in energy efficiency projects that benefit the environment. As a marketplace within the industry, Efforce strives to connect market participants and utilizes decentralized technology to address challenges in the current energy efficiency ecosystem. For instance, blockchain technology will be implemented to record genuine energy-saving achievements, which will be credited in megawatt hours for sale or use. Additionally, Efforce serves as a consultant, providing guidance for projects through various stages of development and funding while leveraging the platform. The WOZX token takes the industry a step further by integrating cryptographic technology and decentralized payments. The company indicates that growth in demand is almost certain, as the International Energy Agency's Efficient World Scenario anticipates the energy efficiency sector will reach $580 billion in investments by 2025. In 2020, the amount was $250 billion.

What Is the Circulating Supply of EFFORCE (WOZX) Coins?

The EFFORCE (WOZX) token is a fixed-supply ERC-20 standard cryptocurrency on the Ethereum blockchain, designed for use and trading in conjunction with the Efforce energy efficiency platform. At launch, 100 million WOZX tokens were created, with the total supply set to remain constant at 100% of the initial allocation. From the total of 100 million tokens, 45% is designated for allocation through a private placement. Efforce itself received 20% of the tokens, another 20% is allocated for mining incentives, and the remaining 15% is earmarked for ecosystem and consulting activities. Token holders are entitled to a minimum of 1% of the total energy savings from successful projects, which will be distributed among all investors. According to the Efforce whitepaper, holders will also have the opportunity to utilize their investments for voting rights as a part of system governance.

How is the Efforce Network Secured?

Efforce employs an incentive system to motivate network participants to secure and support its operations, similar to many corporate blockchain token models. According to the whitepaper, mining takes place upon the successful launch of a project on Efforce, with token rewards distributed on a sliding scale over a ten-year period. This strategy helps to maintain ongoing engagement and liquidity, supporting the company's growth and the notional increase in the token's value.

Where can you purchase EFFORCE (WOZX)?

EFFORCE (WOZX) is a relatively new cryptocurrency token launched in December 2020 and is available for trading on a growing yet limited number of platforms. The first significant exchange to list WOZX was HBTC, and it is anticipated that more major exchanges will include it in the future. HBTC provides trading pairs for WOZX with Bitcoin (BTC) and Tether (USDT). New to cryptocurrencies? Check out our straightforward guide to purchasing Bitcoin or any other cryptocurrency.

Investors interested in Efforce are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.