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EFFORCE launches public sale of Steve Wozniak-inspired Genesis NFTs

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EFFORCE announces its first public sale of Energy Efficiency NFTs.

Inspired by EFFORCE co-founder Steve Wozniak (Apple co-founder), these NFTs will usher in a new era of energy efficiency projects and contributors to the Web3 community.

Steve Wozniak, co-founder of EFFORCE and former Apple engineer, said: “EFFORCE is focused and working hard and delivering on the goals and vision we set when we founded it.”

“From today, anyone will be able to work with the community and directly support energy efficiency projects. Energy efficiency tools, improving their structure, drastically reducing energy consumption and impact on the global environment. Most importantly, everything will be done through a completely decentralized and transparent system thanks to blockchain.”

A new breed of NFT

As we revealed in our recent interview with Managing Director Paolo Pastore, EFFORCE is working on a new breed of NFT utility.

Founded on the ‘proof of contribution’ concept, the Energy Efficiency NFT is a tool used to implement the improvements needed to make companies more energy efficient.

Instead, NFT holders become investors in energy efficient companies, carefully vetted by EFFORCE and return in mWOZ based on the savings made by the company.

NFTs act as proof of contribution and allow investors to exit their investment positions at any moment when the wheels of the project are in motion.

EFFORCE Managing Director Paolo Pastore said: “Using NFTs as proof of contribution to energy efficiency projects allows us to create a new market, keeping those contributions liquid – as long as there is demand for them.”

“This was not possible before: the deposited funds were locked for the entire project duration and there was no possibility of getting them back before the end. Now, by selling an NFT, contributors can easily exit their positions.”

Steve Wozniak – Co-founder of Apple and Eforce

Investing in energy efficiency

EFFORCE will start selling 2,500 Genesis NFTs per project.

To invest in the two EFFORCE selected projects, you need to own WOZX tokens. This is your key to access Energy Efficiency NFTs.

The first project is a 180 kwe combined cooling heating and power plant. It is part of an undisclosed company effort, and will run more than 8,000 hours per year to meet the company’s cooling/air conditioning needs.

Additionally, it will self-generate 1.4 GWh/year of electricity.

The price per NFT is 210 USDC, and users need to lock 400 WOZX for each mint. Moreover, the project estimated the award of 735.000 mWOZ.

Project number two is an EEP (Energy Efficiency Project) for an undisclosed company that will provide 60% of the electricity required for a sewage treatment plant.

It will provide heat to a sludge drying plant, reducing up to 80% of the weight of disposable sludge.

The project is expected to reward 665.000 mWOZ, and the price for this initiative is 190 USDC, requiring a locked 380 WOZX token per min.

Rewards for WOZX token holders

WOZX token holders are required to lock their tokens for the entire duration of the project.

Locked tokens generate rewards from 1% of platform savings generated by approved energy efficiency projects. Moreover, rewards are proportional to the number of tokens locked.

Each EFFORCE NFT is a proof-of-contribution NFT linked to utilities, rewarding holders that have received contributions coming from energy stored by the company.

Additionally, Genesis allows NFT holders to participate in a private sales phase for new projects published on the platform. NFT holders can store an amount of NFTs equal to the number of Genesis NFTs they hold.

Finally, NFT holders receive a discount using WOZX, including future NFTs using less WOZX.

Inspired by Steve Wozniak

NFTs issued by EFFORCE take inspiration from co-founder Steve Wozniak

The artwork will be released after the actual implementation of the project, coinciding with the live NFT staking contract on the network.

Both current projects will have at least one unique artifact and several rare/super rare creations.

What happens when the project goes live?

After companies implement their requested switch to a more energy efficient system, a staking contract will go live on the blockchain.

This contract awards mWOZ tokens (mWOZ represents 1 USDC of saved energy) equal to the reward generated by energy savings every month.

Importantly, users can convert mWOZ to USDC through a different on-chain contract, creating liquidity.

There is a minimum APR of 8%, up to 40% after five years. As a result, the Genesis NFT Mint Sale will distribute a minimum of 1.4 million mWOZ tokens to NFT holders.

Furthermore, unsold NFTs will be removed from the market and burned. Awards linked to EFFORCE’s capital will be retained by EFFORCE and allocated to other energy efficiency projects

For more information on Steve Wozniak’s Web3 revolution and energy efficiency NFTs, visit www.efforce.io.



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