EFFORCE IEO update: WOZX Live price, price chart, news and markets

The WOZX price update as of now is $0.001975. In the previous 24 hours, its trading volume was $982, and its value has decreased by -5.67%. As of now, WOZX's live market cap is $1,222,072, and it is ranked as the #1855 on the Coincu. WOZX has a circulating supply of 1,000,000,000 and a maximum supply of 1,000,000,000.

EFFORCE IEO: An Introduction

EFFORCE IEO is an energy-saving trading platform built on blockchain technology and based in Malta. The platform brings together individuals who share a common goal of improving energy efficiency in their projects or industrial buildings. Through collaboration, these participants earn tokens that are directly linked to the amount of energy savings achieved.

The Ecosystem of EFFORCE IEO

• Contributors: Individuals who can participate in auctions through the EFFORCE platform to purchase future energy savings generated by projects. Smart contracts guarantee these savings, and token holders have preferential access to this investment opportunity.
• The Saver: Owners of industries, public transport systems, and other energy systems that benefit from projects focused on enhancing energy efficiency. These owners utilize a portion of the energy saved to their advantage, reducing their reliance on additional energy purchases.
• Consumers: Individuals who have a need to purchase energy savings from third parties for their own use.

Addressing Energy Efficiency Challenges

EFFORCE IEO aims to tackle the challenges associated with accessing energy efficiency markets. Currently, more than 68% of global energy does not meet efficiency standards. The following obstacles hinder progress in this area:

• High Initial Cost: Accessing energy-efficient systems requires a significant investment, with a minimum threshold of 200,000 euros.
• Lack of Technical Knowledge: Monitoring and optimizing energy savings necessitates a deep understanding of how energy systems operate.
• Uncertainty about Payback Period: Investors face uncertainty regarding the time needed to recoup their initial investment.

The Solution Provided by EFFORCE IEO

To overcome these challenges, EFFORCE IEO invites ESCO (energy service companies) projects to join their platform. These projects undergo evaluation and appraisal, and their expected return on investment is calculated. Smart Contracts are then created to manage the operation, measuring the project's efficiency and rewarding it with WOZX tokens for further development.

EFFORCE IEO Roadmap

Currently, EFFORCE IEO has not released an updated roadmap. Please refer to the previous roadmap for further details.