“The Woz” makes a big impression in the crypto space as his newly-launched token WOZX records 26X gains after only five days of trading.
Apple co-founder Steve Wozniak’s new token, Efforce (WOZX), almost doubled in price today after an astonishing run that saw the price increase around 26X in the past week.
WOZX will open for trading on Korea-based exchange Bithumb on Dec. 9, and is already up 2,490% since first being listed on the HBTC exchange on Dec. 3. It opened at 10 cents per token and currently trades at $2.59.
Ethereum blockchain token WOZX is a way to securitize energy savings. The token has a total supply of one billion and was sold via private funding rounds conducted earlier this year, receiving an initial valuation of $80 million.
It is Wozniak’s second blockchain-related venture since co-founding Apple in his parents’ garage in 1976. Touting itself as “the first blockchain-based energy saving platform,” Efforce aims to encourage the reduction of energy consumption in a way that is meaningful but does not disrupt current human behavior or routine.
WOZX tokens will be used on the platform by contributors who want to take part in energy-saving projects and as rewards based on the amount of energy a user has saved.
Wozniak is joined at Efforce by co-founders Jacopo Visetti and Jacopo Vanetti who serve as Project Lead and CTO, respectively. The company was founded in 2019 and is based in Malta, a nation widely considered to be friendly to blockchain-based enterprises.
In a Dec. 4 announcement, Visetti described how Efforce will help democratize the energy efficiency market by connecting investors with energy savings projects.
“Energy efficiency is a way to create a sustainable future, and this is a way to help counter climate change, reduce carbon — and make money while you do it.”
In Oct. 2018, Wozniak founded the blockchain-based capital venture fund EQUI Global in an effort to disrupt the venture capital and funding industry.
Source: , CoinTelegraph
Articles listed with Cash Tech News as the author are either general information, or may have been imported from another website, to bring our readers a rich media experience that encompasses articles that we find interesting, as well as those curated by others.
The views and opinions expressed here are for informational purposes only, and should not be confused with professional financial advice. These opinions are solely those of the author and do not necessarily reflect the views of CashTechNews.com. Every investment and trade involves risk. You should conduct your own research, and contact your professional financial advisor before making any investment.
Corrections, feedback, and ideas should be submitted through the website contact form.