Apple co-founder Steve Wozniak has launched a new cryptocurrency for a blockchain venture called Efforce focused on energy-efficient technologies. The firm also launched its native crypto token WOZX.
What is WOZX?
WOZX token is the native cryptocurrency of Efforce, an environmental crypto-investment platform. Steve Wozniak join the company last year and listed as its co-founder. The tokens first appeared on HBTC yesterday and will be available on the Bithumb Global exchange as early as next week. The coin’s current value is just over one dollar, with a hard cap of 1 billion tokens.
Efforce aims to incentivize users to fund their energy-efficient projects while promising them tokenized future savings. The savings generated from the collective investments made will be passed on to the contributors using the Efforce token (ticker WOZX). Some malicious actors even tried to dupe users by listing a token called WOZX on Uniswap in October. They apparently wanted to gain from the hype created around the currency.
Who is heading the project?
Steve Wozniak is the co-founder of the company but the company’s project lead is Jacopo Visetti, an environment data specialist, and a financial analyst. He co-founded AitherCO2, the company behind Efforce, in 2010.
Wozniak commented on the launch and said,
“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.”
He also highlighted how people can make significant contributions toward reversing climate change without changing their habits.
Efforce will work as a marketplace for companies to take measures for energy efficiency at no cost. This helps them invest their liquidity at other places. This helps in making the energy efficiency market available to both small and large investors and gives them an opportunity to monetize their energy savings.
