In only a matter of days since launching, the cryptocurrency (WOZK) of Apple co-founder, Steve Wozniak, gains in value by over 1000% hitting a market capitalization of over $1 billion.
Wozniak’s cryptocurrency project, Efforce, has caught the attention of many investors who hope for another legendary homerun from the technology entrepreneur. Efforce is designed to leverage the power of blockchain to increase access to energy efficiency projects, investment opportunities, and its token WOZX.
As the world seeks improvements in energy conservation, projects like Efforce gain greater relevance among people.
According to it’s website,
“EFFORCE is the first platform that allows contributors to benefit from the energy savings generated by energy efficiency projects worldwide.”
Users of the platform benefit from efficiency projects by getting tokenized future savings. Improvements made to energy efficiency are meant to be written in real time on the platform.
In only a decade, the energy efficiency market reached $241 billion in value with a 10% growth rate per annum. While these statistics are encouraging, there is much work to be done in order to improve the environment.
Global investment will need to grow by a further $584 billion between now and 2025, significantly improving the global goals for preservation of our environments.
Through Efforce, energy savings of third parties are tokenized and can be used by anyone.A limited supply of 1 billion in native tokens are proved by the project.
Wozniak said, “Energy consumption and CO2 emissions worldwide have grown exponentially, leading to climate change and extreme consequences to our environment. We can improve our energy footprint and lower our energy consumption without changing our habits. We can save the environment simply by making more energy improvements.”
Wozniak also has interests in Equi Global, an organization that is looking to push the bar higher for the investment markets with its unique approach to investing with blockchain solutions.
Photo by Pierre Borthiry on Unsplash