Apple co-founder Steve Wozniak entered the blockchain and energy efficiency segment with a new company called Efforce.
Almost five decades after Apple’s co-foundation, Steve Wozniak participated in the launch of a company that allows investments in energy efficiency projects through blockchain called Efforce.
The company also launched a native cryptocurrency that was opened for trading at a major exchange and rose with four-digit percentages in less than a week.
Wozniak launches Blockchain-based company
Wozniak is an engineer and programmer, probably best known for having founded Apple in 1976 alongside Steve Jobs. Last year, he participated in the creation of another company; this time focusing on green energy solutions, employing blockchain technology.
The team behind the Efforce project said recently 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 opened its services for other projects.
In addition, Efforce announced the creation of a native token under the name Wozniak – WOZX. The currency was already listed on the popular HBTC stock exchange and will go live at the South Korean trading site Bithumb Global soon.
Efforce’s blockchain-based platform will allow energy services companies (ESCOs) to increase their operational capabilities by listing their current projects to a wider audience.
These projects will be able to register their own energy efficiency projects on the platform. Efforce will validate them, assess 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 energy efficiency projects worldwide and create significant environmental changes,” commented Wozniak.
According to the company’s white paper, participants in Efforce’s energy-saving initiatives will receive the native token. WOZX holders can also participate in decision-making processes on the development of the platform.
After listing on the HBTC on December 3, the WOZX token was priced at $ 0.10. A few days later, the asset soared to its highest record at $ 1.60. To put this increase in a percentage perspective, it is 1,500%.
Despite dropping back a bit and currently trading at $ 1.45, Efforce’s native token is still more than 1,300% higher than its listing price.