How to buy Efforce (WOZX) in Australia

A beginner's guide to buying and selling WOZX in Australia.

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How to buy Efforce

Look for an exchange that supports both fiat and cryptocurrency to simplify buying Efforce.

  1. Open an account on an exchange that supports WOZX.
    Jump to our table to compare popular options — just remember that most exchanges require an email address, phone number and proof of ID to register.
  2. Deposit funds into your account.
    Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy Efforce.
  3. Buy Efforce.
    Complete your Efforce purchase and then find the best wallet to store WOZX.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What is Efforce?

Efforce is a blockchain-based platform dedicated to saving energy. According to the whitepaper, the platform is designed to allow everyone to access energy-efficient projects. The platform was co-founded by Steve Wozniak, a co-founder of Apple. It focuses on the energy-efficiency market which is now worth US$240 billion. Companies can crowdfund energy redevelopment projects utilising cryptocurrency and blockchain technology. Built on the Ethereum blockchain, Efforce tokenises energy-saving credits which can then be traded. The idea is similar to carbon credits. There are 3 key participants in the Efforce platform. The first are contributors. Contributors acquire tokenised future savings that will be produced from energy-efficient projects. These can be purchased through the Efforce auction system. The second are savers. Savers own companies that can benefit from the funds generated on the platform. Finally, there are consumers. Consumers are those that purchase energy savings to offset electricity bills. WOZX is the native token of Efforce. Developed as an ERC20 token, WOZX is how contributors can fund energy-saving developments and then subsequently receive tokenised energy credits. When Efforce launched a token listing in December 2020 its market cap increased by 10 times in the first 13 minutes to hit US$950 million.

Efforce (WOZX) is the 348th largest cryptocurrency in the world by market cap, valued at $129,641,390. The current price of Efforce is $0.835423, which is 2.486% higher than yesterday. Prices have ranged between $0.846843 and $0.813049 over the past 24 hours. All prices are listed in US dollars and accurate as of September 24, 2021 01:09 UTC.

Where to buy Efforce

Find an exchange to buy, sell and trade WOZX by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
Name Product Deposit methods Fiat Currencies Cryptocurrencies
Gate.io Cryptocurrency Exchange
Cryptocurrency
USD, EUR, GBP, HKD, SGD, AUD, CHF, MXN

806
cryptocurrencies

Finder exclusive: New users get $90 worth of Gate.IO points and an airdrop of $5 in GateTokens if trade volume exceeds $100 in their first week. T&Cs apply.
A feature-rich exchange with over 700 tokens including derivatives, yield farming and lending products.
Bithumb Cryptocurrency Exchange
Cryptocurrency
KRW

191
cryptocurrencies

A global platform where users can make KRW and cryptocurrency deposits to purchase up to 15 popular cryptocurrencies.
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Efforce at a glance

Information last updated September 24, 2021 01:09 UTC.
Coin symbolWOZX
Coin MarketcapUS$129,641,390
Total WOZX supply1,000,000,000
Circulating WOZX155,733,779
Current priceUS$0.835423
All time highUS$3.66
All time high dateDecember 10, 2020

Efforce price performance over time

Historical prices compared with the price of US$0.835423.

1 hour 1.50%
24 hours 2.49%
7 days -7.31%
14 days -9.18%
30 days -0.61%
60 days 35.92%
200 days -53.97%
1 yearN/A

How to sell Efforce

You can cash out your WOZX with the same exchange you bought it through:

  1. Sign in to the exchange you have WOZX on.
    If you store your Efforce in a digital wallet, compare crypto exchanges to sell it on.
  2. Place a sell order.
    Choose the amount of WOZX you'd like to sell.
  3. Complete your transaction.
    Confirm the sell price and fees and close your sale of Efforce.

What to consider when buying Efforce

Cryptocurrencies are highly volatile assets. Before purchasing any cryptocurrency both the potential upside and downside should be evaluated. Here are a few aspects to consider before purchasing WOZX:
  • Supply and tokenomics. The total supply of WOZX tokens is capped at 1 billion. According to the Efforce website, no new tokens will ever be minted. Of the 1 billion tokens, 450 million (45%) will be sold in a private placement. The whitepaper indicates that there is no set lock-up period for these tokens. Efforce Ltd received a further 20% allocation. A further 20% has been kept as an incentive for miners and 15% has been kept in reserve for the ecosystem.
  • Mining. Up to 200 million tokens are reserved for encouraging contributors, consumers and savers to participate in the energy-saving projects listed on the platform.
  • Centralised. At the time of writing, over 83% of all circulating WOZX tokens are kept within 3 wallets. This means the distribution of tokens is still highly centralised, with control sitting within a few hands.
  • Dual token model. Efforce uses a dual token model which combines the WOZX tokens with a native stablecoin. The stablecoin is intended to be used as operating capital, while the WOZX token is intended to provide platform rights and incentives.

Disclaimer: Cryptocurrencies, including Efforce, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of WOZX is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Efforce or any other cryptocurrency discussed.

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