Apple's co-founder Steve Wozniak has seen the value of its proprietor blockchain token, Efforce (WOZX), increase 26-fold over the course of a single week.
The token opened on the Bithumb cryptocurrency exchange on December 3 and has marked a 2,490% growth over the past week to trade currently at $2.59.
WOZX is designed to make energy savings more secure, and more viable. The token is currently capped at one billion and is sold in private funding rounds.
The token reached a market cap of $950m in the first 15 minutes of listing, based on reports by the namesake company which runs the solution, Efforce.
According to Efforce, the token is designed to deliver a blockchain-based energy saving platform.
The token hopes to introduce economies to consumers' utility bills in ways that are meaningful and do not disrupt day-to-day lives.
This is an innovative approach to the blockchain ecosystem, which has been dominated by successful igaming projects of late.
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