EFFORCE launches public sale of Steve Wozniak-inspired Genesis NFTs to implement two energy efficiency projects

Power Announced the public sale of the first batch of energy efficiency NFTs. These NFTs, inspired by EFFORCE co-founder Steve Wozniak (Apple co-founder), will help the company create a new era of energy efficiency projects with the help of the crypto community.

EFFORCE’s vision is to offer a new breed of beneficial NFTs, which is founded on the new “Proof of Contribution” concept. Genesis NFTs are part of the NFT Energy Efficiency effort and are a tool used to implement improvements needed to make companies more energy efficient. In an era of climate change and environmental, social and institutional governance, meeting expectations with lower energy consumption is critical.

EFFORCE will start selling 2500 Genesis of NFTs for each project. The first project is a 180 kW power and heating plant. It is part of an undisclosed company’s efforts and will operate over 8000 hours a year to cover the company’s refrigeration/air conditioning needs. In addition, it will produce 1.4 GWh/year of electricity. Price for NFT is 210 USD. Users need to lock 400 WOZX per mint. Furthermore, the project anticipates 735,000 MW bonuses

The second project is an Energy Efficiency Project (EEP) for an undisclosed company that will provide 60% of the electricity needed for the wastewater treatment plant. It will also provide heat to the sludge dehydration plant, reducing up to 80% of the weight of the sludge that can be disposed of. This project has anticipated bonuses of 665,000 megawatts. The NFT price for this project is $190 and requires 380 WOZX tokens to be secured per mint.

EFFORCE co-founder and former Apple engineer Steve Wozniak said: EFFORCE focuses and works hard to complement the goals and vision set when we established it. From today onwards, anyone will be able to work with the community and provide direct support for energy efficiency projects. Improve energy efficiency equipment and structures, significantly reduce energy consumption and impact on the global environment. The most important thing that will be accomplished through a completely decentralized and transparent system thanks to the blockchain.”

Paolo Pastore, Managing Director of EFFORCE adds: “Using NFTs as evidence of contribution to energy efficiency projects allows us to create a new market, and to keep these contributions liquid as long as there is demand for them. This was not possible before: the money deposited would have been locked up for the entire duration of the project with no chance of getting it back before the end. Now By selling NFT, contributors can easily exit their positions.”

Contribution to energy efficiency projects is reserved for WOZX token holders who are willing to lock their tokens for the life of the project. The locked tokens generate rewards coming from 1% of the platform’s savings generated by certified energy efficiency projects. The rewards are proportional to the number of tokens unlocked.

Each EFFORCE NFT is proof of the NFT’s contribution with the attached facilities, giving holders rewards that come from the energy saved by the company that received the contributions. Moreover, Genesis NFT allows its owners to participate in the private sale phase of new projects published on the platform. NFT holders can reserve an amount of NFTs equal to the number of Genesis they own. Additionally, they get discounts on WOZX usage, including less storage/use of WOZX for future NFTs.

Pastore adds: “We decided to deploy our smart contracts on Polygon to avoid high gas fees, which would have been a major hurdle for the entire ecosystem.”

EFFORCE’s NFTs draw inspiration from co-founder Steve Wozniak. The artwork will be revealed after the actual implementation of the project, in conjunction with the start of the NFT nodes on the network. Both existing projects will contain at least one unique artwork and many rare/extremely rare creations.

After the companies implement the required change, the staking nodes will be published on the blockchain. This contract results in mWOZ tokens (mWOZ represents $1 of energy saved) equal to the energy savings bonus generated per month. Users can convert mWOZ to USDC through a different on-chain contract.

There is a minimum annual percentage rate of 8% for up to 40% after five years. As a result, at least 1.4 million megawatts of tokens will be distributed to NFT makers if the Genesis NFT mint is sold.

EFFORCE is committed to the full amount required to start implementation and secure the project. Unsold NFTs will be removed from the market and burned. Bonuses associated with EFFORCE capital will be retained by EFFORCE and allocated to other energy efficiency projects.

about force

EFFORCE has created the first platform that harnesses the power of blockchain technology to democratize access to energy efficiency projects. Co-founded by Apple co-founder Steve Wozniak, Jacobo Visetti, Jacobo Vannetti and Ken Hardesty with over a decade of experience in the field, EFFORCE believes in a world where sustainability truly generates significant benefits without consumers having to change their energy behavior. . For more information visit www.EFFORCE.io.

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