Efforce
Crypto Overview
Project Overview
Efforce is a blockchain-based energy efficiency platform co-founded by Steve Wozniak. The project aims to democratize and tokenize energy efficiency improvements through a marketplace that connects energy-saving projects with investors.
Intended Utility
The WOZX token is designed to facilitate transactions within the Efforce ecosystem. It serves as a medium of exchange for energy efficiency projects, where contributors can invest in energy-saving initiatives and receive returns based on the actual energy savings achieved.
Actual Utility and Implementation
The platform has shown limited real-world adoption since its launch in 2020. While the concept is innovative, there is minimal evidence of significant energy efficiency projects being successfully implemented through the platform. The development activity appears to have slowed significantly since 2022, with few updates to the platform or new partnerships announced.
Token Distribution and Governance
The initial token distribution allocated 45% to the company reserve, 20% to the founding team, and 35% to public sales. The high concentration of tokens in the hands of the team and company raises some concerns about centralization. There is limited transparency regarding the vesting schedules and lock-up periods for team allocations.
Revenue Model Assessment
The revenue model is based on facilitating energy efficiency projects and taking a percentage of the energy savings achieved. This model aligns with Islamic principles as it involves real asset exchange and value creation. However, the limited implementation of actual projects makes it difficult to evaluate the practical application of this model.
Crypto Impact
To assign a comfort level investing in Efforce from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Efforce.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.