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Apple co-founder Steve Wozniak is going crypto. Wozniak just launched his new company Efforce, a blockchain-based “energy efficiency market” for crowdfunding eco-friendly business projects. 

(“We created Efforce to be the first decentralized platform that allows everyone to participate and benefit financially from worldwide energy efficiency projects, and create meaningful environmental change,” Wozniak, who is cofounder but not CEO of Efforce, said in a press release.)

Welcome to Xycinews Media, this article about Efforce Review was written after my research and coming to know users are searching for keywords like;

  • Efforce Review
  • Is Efforce Scam
  • Is Efforce Legit
  • How does Efforce Work
  • Who is Efforce founder
  • Efforce Referral System
  • Efforce Registration & Login

And so on…. Nonetheless, I might not have the exact response to all the above entries at the moment, but this article is well detailed.

 

JUST READ TO THE END PATIENTLY..!!

 

Efforce Review

While the face of Efforce may be Apple co-founder Steve Wozniak, according to the Efforce roadmap the project has its roots in an Italian company called AitherCO2. Founded in 2010, AitherCO2 is a “provider of financial services to the world’s environmental and energy markets offering consultancy and trading solutions”.

On December 1st 2020, Efforce announced that their WOZX token would be listing for trading on HBTC on December 3rd and on Bithumb shortly afterwards. The impressive price action of the token made the headlines in major newspapers, especially after Steve noted that he considered the WOZX token to be equivalent to shares of Efforce’s stock.

Since each project has a fixed funding amount (e.g. 1 million USD), which Contributor gets to invest first is determined by how many WOZX tokens they have. The whitepaper suggests WOZX might need to be staked relative to the funding provided (1:1 WOZX/USDT).

Once funding is completed, the Saver begins to accumulate a tokenized representation of the energy they are saving in their own Ethereum wallet.

 

Efforce.io Review

Efforce.io seeks to increase the energy efficiency of various industries by making it possible for companies to crowdfund their energy redevelopment projects using cryptocurrency (e.g. install solar panels). Contributors who fund these initiatives will in turn receive a portion of the energy savings of the company.

This is accomplished via the Efforce platform which uses smart contracts on the Ethereum blockchain to create agreements between contributors and the companies whom they are crowdfunding. Efforce also uses Ethereum to create tokenized energy savings. These can be freely traded and even used to offset energy costs for the contributors who hold the token.

Efforce did not hold an ICO for its WOZX token. Instead, 450 million WOZX tokens were sold during a private sale which took place in June 2019. One YouTube video suggests the ICO price was 10 cents USD per WOZX.

 

Efforce Founder

Efforce was founded by world famous Apple co-founder Steve Wozniak, and WOZX cryptocurrency token went from a price of 10 cents USD to over 3$USD in its first days on the market. In just the first 13 minutes of trading, WOZX had an unrealized market cap of 950 million USD.

 

WOZX Cryptocurrency

WOZX is an ERC-20 token used by Contributors on the Efforce platform as an auctioning tool to fund energy saving developments and receive tokenized energy credits. 

WOZX may also represent these tokenized energy credits though this is not entirely clear at the time of writing.

WOZX has a maximum supply of 1 billion and is neither inflationary nor deflationary. Of WOZX’s total supply, 20% were allocated to Efforce with a vesting schedule of 1% per year. When asked in an interview, Steve Wozniak noted that he does not hold any WOZX tokens.

 

WOZX Cryptocurrency Token

The launch came with the listing of a digital token, WOZX, and Efforce says investors drove the token to a $950 million market cap “in the first 13 minutes” of its listing. The company had already raised $80 million in funding from private investors before its token sale.

The token is up another 5% on Monday. And the company hasn’t done anything yet. The stunning numbers come with a range of investor caveats.

For now, you can only buy the WOZX token on Singapore-based crypto exchange HBTC (formerly called BHEX, launched in 2018 by the former CTO of Huobi). To buy WOZX on HBTC, you must buy the stablecoin Tether (USDT-USD), then use Tether to buy WOZX. (Or you could send Tether from a U.S. exchange to your HBTC wallet.)

 

Efforce Mining

Efforce mining is not at all like cryptocurrency mining. Efforce mining involves getting Savers and Contributors to use the Efforce platform. As such, there are two types of ‘mining’ incentives on Efforce: Major Partners Sign Up and Funding Partners Contribution.

As the name suggests, Major Partners Sign Up involves introducing a company to Efforce that successfully launching a crowdfunding round for their energy project. This incentive earns 30% of the WOZX tokens allocated to mining each year.

They are given the remaining 70% WOZX tokens allocated to mining each year. Under certain market conditions, their allocation of WOZX tokens could be worth more than their initial stablecoin investment.

 

Is Efforce Safe and Credible

Why would a legendary Silicon Valley engineer, who lives in California, register his new company in Malta? For the same reason so many other crypto projects (and daily fantasy sports operators) register there: The tiny island in the Mediterranean, with a population of 400,000 people, has extremely friendly financial regulations. (Bermuda has also been very welcoming to crypto projects.)

Wozniak, speaking about his plans for Efforce at the Delta Summit in Malta in 2019, said Malta “has been on my mind for decades” and is “like no other place in the world.” He also said the Maltese government is “very favorable in moving forward in the modern world,” according to the Malta Independent. 

 

Is Efforce Legit 

Although this price action made the headlines both inside and outside of the cryptocurrency space, it seems that not a single article or YouTube video has managed to properly unpack Efforce or the WOZX token.

The Efforce platform is intended to be an energy credits marketplace. Not much is known about the Efforce platform as it is not clear whether it has been completed at the time of writing. The Efforce roadmap seems to suggest that the platform was completed in Q1 this year and if it was then it is not available to the general public.

 

Is Efforce Scam

On the basics of this Efforce review, No one has reported it’s scam to me yet and due to number of logged files on my checklist, always share your opinion in the comments section. 

This will help potential Investors or users of the platform from falling prey. Likewise, don’t forget to also scroll down to check if there is any comment.

The Efforce whitepaper suggests that some sort of KYC process will be required to use the platform, which again is likely reserved to corporations and high net worth individuals. 

The three parties on the platform have already been described (Contributors, Savers, and Consumers), which leaves the criteria for listing an energy saving project.

 

In Summary – Is Efforce Legit or Scam

First and foremost, it is somewhat disappointing that Efforce seems to be a platform that will be off-limits to the average person. The only potential gain for regular folks comes from the price action the WOZX token whose supply is heavily concentrated in the hands of the sorts of investors that are allowed to use Efforce in the first place.

Second, Efforce is not very transparent. Never mind the opaqueness of their whitepaper, Efforce also has no Github and does not appear to have the open-source ethos found in most crypto projects. 

Lastly, given the apparent size and significance of the project, there is a remarkable absence of useful documentation which one could use to understand it.

 

Disclaimer

This Efforce Review Article isn’t aimed at defaming Efforce nor is it targeted to promoting them. 

This article is strictly for enlightening purposes and a honest guide from our perspective because we strongly believe every brand needs a good background check.

Therefore, you are at liberty to accept or reject this article and act base on your own perspective of the platform. You are encouraged to share your own opinion or views about the platform with us via the comments box below so as to further improve this Efforce reviews.

Team Xycinews is no third party and we can’t handle any queries whatsoever. 

 

@The Blogger Scientist

 

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Naabiae Nenu-B is a Medical Health Student and an SEO Specialist dedicated to flushing the web off fake news and scam scandals. He aims at being "Africa's Best Leak and Review Blogger" and that's the unwavering stand of Xycinews Media.

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Review

DEFHOLD Review – Is DEFHOLD Scam or Legit Non-inflationary DeFi Ecosystem

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DefHold is non-inflationary staking and farming DeFi protocol. The platform offers long-term crypto investors with effective yield-generating strategies to avoid hefty losses in volatile market conditions.

In essence, DefHold looks to provide long-term crypto investors with accurate portfolios and own liquidity management by executing autonomous yield-generating solutions.

 

NOTICE: In as much as Team Xycinews aims to deliver a near perfect review, we have a lot of Platforms on our Log to review & a lot already reviewed. Sadly this limits us from backdating to track the status of already reviewed platforms.

Kindly note that the platform information were correct as of time of publishing but might turn out to be SCAM without our notice.

Always check our article’s published date & the comment section below for users opinion. Thanks ♥️

 

DEFHOLD Review

DEFHOLD is a non-inflationary DeFi ecosystem that attempts to rectify some of the most critical issues in the market today. The platform introduces a variety of proprietary protocols to incentivize token holders to maintain their investments longer. Additionally, the network intends to offer a full suite of DeFi services to help investors increase their ROIs.

DEFHOLD allows anyone to earn a passive income without any prior crypto trading experience. Specifically, the network offers investors access to multiple revenue streams. These systems are designed to provide yield-generating investments without the need to invest large amounts of time. Amazingly, these mechanisms also work to increase the number of long-term holders.

 

DEFHOLD Presale

DEFHOLD has chosen to host its Presale on Liquidity Dividends Protocol (LID). LID allows investors to prevent rug pulls because the platform locks up tokens using smart contracts. 

In this way, investors can trust that they get fair access to the market. DEFHOLD will automatically and definitively lock 75% of ETH raised in its Uniswap liquidity pool together with 19.50% of the DEFO tokens. 

Additionally, the firm intends to time-lock its marketing, team, and Airdrop funds. These funds will release monthly at a 10% rate over the following ten months.

There will be 3,576 DEFO available to the public. The event will begin on 11/18/2020, 9:00 AM PST. The presale base price is set at 1 ETH = 1.56 DEFO, and presale investors can receive a bonus of up to 25%. There is a minimum contribution of 0.1 ETH and a max contribution of 25 ETH.

 

Is DEFHOLD Safe and Credible

As the DeFi market expands, more and more platforms enter the space. Each of these platforms chips away at the total liquidity in the market. Additionally, each platform continuously issues new tokens to its users to bolster its liquidity pools. The problem is that each token issuance detracts from the value of the tokens already in circulation.

The platform introduces a cap on their tokens. This cap ensures the scarcity of the digital asset as time progresses. Developers insist that no additional DEFO token will ever be minted. In this way, DEFHOLD is different from the competition, which depends on inflationary tokens, which they have to mint to enhance their APY continuously.

 

Is DEFHOLD Legit 

DEFHOLD developers really thought outside the box with this venture. Their strategy seems to be the answer to the problem of shaky handed investors. It’s easy to imagine this firm seeing great success as its users gain so much from their participation if the project is successful.

 

Is DEFHOLD Scam

Primarily, Xycinews Media contents is to give an overview of platforms and what they entails to help you decide if proceeding with them or Investing only what you can afford to lose.

  • Do you think DEFHOLD is scam?
  • How you being defrauded?

With a lot of platforms on our desk to review for the general public, we might not be able to keep track of DEFHOLD on a regular. Please help us by dropping a comment and this will help other potential investors from falling prey or proceeding to invest.

 

Disclaimer

This DEFHOLD Review Article isn’t aimed at defaming DEFHOLD nor is it targeted to promoting them. 

This article is strictly for enlightening purposes and a honest guide from our perspective because we strongly believe every brand needs a good background check.

Therefore, you are at liberty to accept or reject this article and act base on your own perspective of the platform. You are encouraged to share your own opinion or views about the platform with us via the comments box below so as to further improve this DEFHOLD review.

Team Xycinews is no third party and we can’t handle any queries whatsoever. 

 

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Review

Divs.io Review – Is Divs.io Scam or Legit Cryptocurrency Exchanger

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Divs.io is a user-intuitive cryptocurrency exchange that rewards its users with weekly Tron (TRX) rewards. As such, 0.5% of all trading volume on Divs is distributed as Tron rewards to users who stake DIVS tokens.

 

Divs.io Review

Divs.io is a revolutionary exchange that seeks to change this narrative by introducing weekly Tron rewards to its users. Most of the exchange fees are channeled back to the users as rewards based on the amount they have staked and the total weekly exchange volume. Here is an in-depth review of this innovative platform.

The exchange time on Divs is between 5-30 minutes. However, the exchange time is based on the coin/token being exchanged, as some blockchains are slower than others. 

The exchange fees are also dependent on the crypto involved in the trade and how the trade was executed. Nonetheless, each exchange has a minimum of 1% fee, but coins experiencing network congestion may experience higher fees.

 

Divs.io Exchange Benefits 

  • No sign-up, cumbersome registration, or KYC required. 
  • Very low exchange fees. 
  • The platform leverages a trusted 3rd party API to process exchange requests. 
  • Seamless crypto exchanges are completed in under 30 minutes.
  • Over 200 cryptocurrencies are supported.
  • Earn rewards and make exchanges. Stake DIVS token and receive weekly Tron rewards based on the amount you’ve staked.

 

Divs.io Exchange & Rewards

The Tron rewards are distributed to the DIVS token stakers based on the percentage of the staking pool. 0.5% of the total exchange volume on the platform is distributed as Tron rewards every week to DIVS token holders who stake. 

The Tron rewards are directly proportional to the number of DIVS token staked. Therefore, staking a sufficient amount of Divs tokens can earn more Tron rewards than paying in exchange fees. Translating to passive income and at the very least discounted fees.

 

Divs.io Exchange Fees

Divs’ exchange fees are dependent on cryptocurrencies that were exchanged and how the trade was executed. The exchange leverages its API to perform trades on multiple centralized exchanges, choosing the lowest exchange fees, i.e., arbitrage trading. All exchanges on the platform have a minimum 1% fee, which is distributed as follows:

  • 0.5%   Divs token holders who stake
  • 0.4%+ Paid to the API provider for processing the exchange 
  • 0.09% Paid to Divs Development 
  • 0.05% Used to buy Divs token every week (buybacks)
  • 0.05% Used with the above DIVS tokens to provide liquidity

 

Divs.io Token Presale

Divs conducted the first DIVS Token presale on Jan 9th, 2021, at 4 pm UTC. The presale consists of 4 rounds, with each round consisting of 1,250,000 DIVS tokens. A total of 5,000,000 DIVS tokens will be for sale at the presale. The money raised in the presale is allocated as follows:

  • 52%-Provide liquidity for the open market after the presale 
  • 22%-Pay off angel investors who initially funded the project 
  • 20%-Future development of other smart contracts and a Divs mobile app
  • 6%-For marketing and advertising. 

 

Is Divs.io Safe and Credible

Divs exchange API links other large centralized exchanges such as Okex, Binance, etc., creating a seamless exchange interface. This allows users to exchange cryptos from multiple exchanges without much complexity. The exchange API can also be integrated into other crypto websites and projects, thus facilitating the smooth crypto exchange right from their own sites.

 

Is Divs.io Legit 

Users are rewarded based on the amount they have staked and the total weekly exchange volume on the platform. In addition to rewarding its users, the platform will also be holding a percentage of the rewards every week (0.01%) of the transacted exchange volume to buy more DIVS tokens from the open market and provide liquidity, locking it indefinitely.     

 

Is Divs.io Scam

Primarily, Xycinews Media contents is to give an overview of platforms and what they entails to help you decide if proceeding with them or Investing only what you can afford to lose.

  • Do you think Divs.io is scam?
  • How you being defrauded?

With a lot of platforms on our desk to review for the general public, we might not be able to keep track of Divs.io on a regular. Please help us by dropping a comment and this will help other potential investors from falling prey or proceeding to invest.

 

NB: Xycinews Media Doubts The Sustainability

 

In Summary – Is Divs.io Legit or Scam

Divs.io is an excellent crypto exchange that seeks to reward its users for exchanging crypto via the platform. Unlike other crypto exchanges that reward their users in their own native coins or by discounting future trades.

Divs rewards its users in Tron, which holds more benefits. The project will significantly transform traditional centralized exchanges that have continually exploited users for their own benefit. By rewarding users in Tron, Divs allows users to receive rewards without inflating their own token.

If you’re thinking of becoming a community member, their presale is on-going now and ends on January 23rd. In all, Divs provides a real service and use case, something to be had in this crypto space.

 

Disclaimer

This Divs.io Review Article isn’t aimed at defaming Divs.io nor is it targeted to promoting them. 

This article is strictly for enlightening purposes and a honest guide from our perspective because we strongly believe every brand needs a good background check.

Therefore, you are at liberty to accept or reject this article and act base on your own perspective of the platform. You are encouraged to share your own opinion or views about the platform with us via the comments box below so as to further improve this Divs.io review.

Team Xycinews is no third party and we can’t handle any queries whatsoever. 

 

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Review

Worldcharitycoin Review – Is World Charity Coin Scam or Legit

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Worldcharitycoin Review

World Charity Vs Coins : Claim Your FREE 1000 Coins ( $36) By Particpating in world’s biggest airdrop 

https://www.worldcharitycoin.com/i/V0NDMzI1ODI1NQ==

There is a 5,000,000 coin reserved to distributed free per country in 50 Nations of the World.

Once 5,000,000 Coin is fully distributed per country. No coin will be distributed; hence only peer to peer exchange will exist.

Each Allottees is expected to earn One Thousand coin for free, however members can buy as much additional coin possible. Five Thousand Bankers are expected to be registered in Each Countries.

These are Worldcharitycoin Licensed Individuals or Organization who are permitted to register a minimum of 1000 Persons to receive Free 1000 World Charity Coin, They will also earn additional transfer commission anytime each of the candidate under their bank make a financial transaction through their wallet for live.

 

Is Worldcharitycoin Legit 

I doubt the Sustainability

 

Is Worldcharitycoin Scam

Primarily, Xycinews Media contents is to give an overview of platforms and what they entails to help you decide if proceeding with them or Investing only what you can afford to lose.

  • Do you thinkWorldcharitycoin is scam?
  • How you being defrauded?

With a lot of platforms on our desk to review for the general public, we might not be able to keep track of Worldcharitycoin on a regular. Please help us by dropping a comment and this will help other potential investors from falling prey or proceeding to invest.

 

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