Tech maven and Apple co-founder Steve Wozniak’s new Malta-based blockchain company Efforce is rolling out its WOZX native token aimed at transforming the energy efficiency market.
After spending most of 2020 building its architecture, Efforce announces the listing of the WOZX token on crypto exchanges HBTC on December 3rd and Bithumb Global in the coming week.
The new crypto asset hit a market capitalization of $950 million within minutes of launching which is tenfold of its listing price according to a press release. WOZX is currently trading at $1.34 per coin on HBTC, up 1,240% from its initial price of $0.1.
Coming 44 years after co-founding the computer company that revolutionized technology forever, Wozniak’s latest venture aims to be the first decentralized and borderless platform that allows anyone to participate in and fund innovations in green technology through 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.”
According to the project’s website, companies can benefit from energy efficiency projects at zero cost and the resulting savings are recorded on the blockchain in real time. The smart contract then distributes the savings to companies and token holders without the need for an intermediary.
Speaking at the pre-launch of the Delta Summit in Malta in July 2019, Wozniak, who was joined by Efforce project lead Jacopo Visetti, said that the blockchain technology used by Efforce can lower energy consumption without altering energy needs.
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