Ethereum blockchain token WOZX is a way to securitize energy savings. The token has a total supply of one billion and was sold via private funding rounds conducted earlier this year, receiving an initial valuation of $80 million. It reached a market cap of $950 million in its first 13 minutes of trading, according to the eponymous company behind the token, Efforce.
It is Wozniak’s second blockchain-related venture since co-founding Apple in his parents’ garage in 1976. Touting itself as “the first blockchain-based energy saving platform,” Efforce aims to encourage the reduction of energy consumption in a way that is meaningful but does not disrupt current human behavior or routine. WOZX tokens will be used on the platform by contributors who want to take part in energy-saving projects and as rewards based on the amount of energy a user has saved.