American technology entrepreneur and Co-founder of Apple, Steve Wozniak recently launched his blockchain company, Efforce to transform and disrupt the energy-efficient market. Efforce’s WOZX crypto tokens received tremendous response from investors as its market cap reached $950 million in the first 13 minutes of the launch, according to the details shared by the company.
The press release states that Singapore-based crypto exchange, HBTC listed the token last week. HBTC allows exchange users to buy WOZX through Tether stablecoin. The company plans to list WOZX on the Korea-based cryptocurrency exchange, Bithumb soon.
Malta-based Efforce plans to transform the $250 billion energy efficient market. “Efforce is a marketplace that enables companies to undertake energy efficiency measures at no cost so that they can invest their liquidity in more critical tasks. With Efforce, for the first time, the energy efficiency market is accessible to large and small investors alike, regardless of borders, who can then monetize the transferable energy savings,” the company mentioned in the press release.
Additionally, Efforce received a valuation of around $80 million by investors in private sales even before the official launch.
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Steve Wozniak outlined the importance of energy-efficient projects these days amid growing environmental and climate change concerns. The energy-efficient market is growing exponentially with support from private funding as well as government funding from countries like China and the EU region.
“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,” Wozniak said.
The Co-founder of Apple, who is living in California, registered his new company in Malta to avoid an uncertain crypto regulatory environment in the US. Ripple CEO also pointed out issues in the US for crypto companies and indicated a shift of San Francisco-based headquarters to a more crypto-friendly location.