Ethereum blockchain token WOZX is a way to securitize energy savings. The token has a total supply of one billion and was sold via private funding rounds conducted earlier this year, receiving an initial valuation of $80 million.
On Efforce Whitepaper Page No. 35, It states “mining will be initiated after project starts“.
1. If mining will initiated later, then how they say that new tokens will not be created?
2. This token is ERC-20 means using Ethereum Network and created using it.
3. Mining of tokens are not possible as they already have all the tokens with them, and there is no mining information available on company’s website.
It looks unclear, even though Steve is in the project. We will consider it as Avoid at this stage.