Apple co-founder Steve Wozniak’s new token, Efforce (WOZX), nearly doubled in value as we speak after an astonishing run that noticed the value enhance round 26 instances up to now week.

WOZX will open for buying and selling on South Korea-based trade Bithumb on Dec. 9, and is already up 2,490% since first being listed on the HBTC trade on Dec. 3. It opened at $0.10 per token and is at the moment buying and selling at $2.59.

Ethereum blockchain token WOZX is a strategy to securitize power financial savings. The token has a complete provide of 1 billion and was offered by way of non-public funding rounds performed earlier this 12 months, receiving an preliminary valuation of $80 million.

It reached a market cap of $950 million in its first 13 minutes of buying and selling, according to the eponymous firm behind the token, Efforce.

It’s Wozniak’s second blockchain-related enterprise since co-founding Apple in his mother and father’ storage in 1976. Touting itself as “the primary blockchain-based power saving platform,” Efforce goals to encourage the discount of power consumption in a means that’s significant however doesn’t disrupt present human habits or routine.

WOZX tokens might be used on the platform by contributors who wish to participate in energy-saving tasks and as rewards primarily based on the quantity of power a consumer has saved.

Wozniak is joined at Efforce by co-founders Jacopo Visetti and Jacopo Vanetti, who function mission lead and chief technical officer, respectively. The corporate was based in 2019 and is predicated in Malta, a nation broadly thought-about to be pleasant to blockchain-based enterprises.

In a Dec. 4 announcement, Visetti described how Efforce will assist democratize the power effectivity market by connecting traders with power financial savings tasks.

“Power effectivity is a strategy to create a sustainable future, and it is a means to assist counter local weather change, cut back carbon — and generate profits whilst you do it.”

In Oct. 2018, Wozniak based the blockchain-based capital enterprise fund EQUI World in an effort to disrupt the enterprise capital and funding trade.