It’s been just revealed that Apple co-founder Steve Wozniak’s new Malta-based blockchain company Efforce rolls out its WOZX native token that aims at transforming the energy efficiency market.
Efforce spent most of 2020 building its architecture, and now they announced the listing of the WOZX token on crypto exchanges HBTC on December 3rd and Bithumb Global in the coming week.
It’s also important to note that the new crypto hit a market cap of $950 million within minutes of launching which is tenfold of its listing price according to a press release.
WOZX is up 1,240% from its initial price of $0.1.
Investing liquidity in more critical tasks
“Efforce is a marketplace that enables companies to undertake energy efficiency measures at no cost so that they can invest their liquidity in more critical tasks. With Efforce, for the first time, the energy efficiency market is accessible to large and small investors alike — regardless of borders — who can then monetize the transferable energy savings,” the official press release notes.
Wozniak’s latest venture comes 44 years after co-founding Apple, the computer company that managed to revolutionize technology forever.
This new project is aiming to be the very first decentralized and borderless platform that allows anyone to participate in and fund innovations in green tech via crypto and the blockchain.
“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.”
The online publication the Daily Hodl, the project’s website notes that companies can benefit from energy efficiency projects at zero costs, and the resulted saving will be recorded on the blockchain in real-time.
The smart contract then distributes the savings to companies and token holders without needing any intermediaries.
Check out the original article in order to learn more details on the issue.