Apple Co-Founder Steve Wozniak’s Firm Launches Crypto Token
Tech expert and Apple co-founder Steve Wozniak’s latest Malta-headquartered blockchain enterprise Efforce is launching its WOZX native crypto intended to bring about a major change in the market for energy efficiency.
With a major portion of this year spent on creating architecture, Efforce announced the list of WOZX token on crypto exchange HBTC on December 3rd and Bithumb Global in the week ahead.
Within minutes of listing, WOZX token attained a market cap of $950 million, reflecting 10x increase in price. WOZX currently trades at $1.34 per crypto token on HBTC, an increase of 1,240% from its listing price of $0.10.
Wozniak, who is back in action nearly four-and-a-half decades after co-founding Apple, which created state-of-the-art consumer gadgets, intends to establish the foremost decentralized and borderless platform that permits anyone to partake and finance sustainable technological solutions using cryptocurrency and blockchain technology.
“The platform brings together those who want to improve the energy efficiency of their buildings or industrial processes with a pool of contributors interested in being repaid in tokens representing the energy savings achieved thanks to efficiency improvement projects.”
— EFFORCE (@EfforceOfficial) December 1, 2020
As per the venture’s website, enterprises can gain from energy efficiency ventures at zero cost and the realized savings are documented on the blockchain in real-time basis. The smart contract then disburses the savings to enterprises and token holders without requirement of a third-party.
Back in July 2019, while conversing at the pre-launch of the Delta Summit in Malta, Wozniak, who was accompanied by Efforce venture head Jacopo Visetti, stated that the blockchain technology utilized by Efforce can minimize energy usage without an change in energy requirements.