Nearly five decades after co-founding Apple, Steve Wozniak has participated in the launch of a company allowing investments in energy-efficient projects through blockchain called Efforce.
The firm also released a native cryptocurrency that opened for trading on a large exchange and surged with four-digit percentages in less than a week.
Years Later: Wozniak Launches Blockchain-based Company
Wozniak is an engineer and programmer, probably best known for co-founding Apple in 1976 alongside Steve Jobs. Last year, he participated in establishing another company; this time focused on green energy solutions by employing blockchain technology.
The team behind the Efforce project recently said that it spent “most of this year in stealth mode to build the architecture and service the first batch of test projects.” Consequently, the company has opened its services to other projects.
Additionally, Efforce announced the creation of a native token named after Wozniak – WOZX. The coin was already listed on the popular exchange HBTC and will go live on the South Korean trading venue Bithumb Global soon.
Efforce’s blockchain-based platform will enable Energy Service Companies (ESCOs) to increase their operational capabilities by listing their current projects in front of a wider audience.
Such projects will be able to register their own energy-efficient projects on the platform. Efforce will validate them, evaluate the investment requirements, calculate costs and returns, and create Energy Performance Contracts.
“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,” commented Wozniak.
WOZX Price Skyrockets
According to the company’s whitepaper, participants of Efforce’s energy-saving initiatives will receive the native token. WOZX holders could also take part in decision-making processes regarding the platform’s development.
Following the listing on HBTC on December 3rd, the WOZX token had a price tag of $0.10. A few short days later, the asset skyrocketed to its all-time high of $1,60. To put this surge in a percentage perspective, it’s 1,500%.
Despite retracing slightly and currently trading at $1,45, Efforce’s native token is still more than 1,300% higher than its listing price.
Featured Image Courtesy of Britannica. The article was first published on: Dec 7, 2020