EFFORCE, founded by Apple co-founder Steve Wozniak, said listing its WOZX ticket on the exchange increased the company’s market value ten times to $ 950 million, according to the New York Post.
On Thursday, December 3, the coin started trading on the HBTC cryptocurrency exchange. From a starting price of $ 0.1, WOZX has risen in price to over $ 1.42 at its peak. At the time of writing, the ticket quotes are approximately $ 1.26.
WOZX is expected to be listed on Bithumb’s South Korean platform next week.
EFFORCE aims to facilitate the financing of energy efficiency projects using blockchain and cryptocurrencies.
“We created EFFORCE to be the first decentralized platform that allows everyone to participate and benefit financially from global energy efficiency projects, as well as making meaningful changes to the environment,” said Wozniak.
Investors can buy company tickets and use them to participate in projects taking place on its platform. EFFORCE monitors their energy savings and returns them to investors in the form of an energy loan that can be used or sold.
According to co-founder Jacopo Vizetti, many small businesses are struggling to find the money to implement energy efficient solutions that will save them money in the long run.
“EFFORCE allows business owners to safely register their energy modernization project on the Internet and receive funding from all types of investors worldwide,” he stressed.
Wozniak became one of the co-founders of EFFORCE last year. According to the company, EFFORCE has spent most of its elapsed time building its blockchain platform architecture and servicing the first batch of test projects.
Subscribe to ForkLog news at Twitter!
Found an error in the text? Select it and press CTRL + ENTER