The cryptocurrency exchange HBTC listed WOZX — the token of the EFFORCE project. The listing occurred on December 3, 2020. ForkLog was told by the exchange’s representatives.
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EFFORCE — a blockchain platform for crowdfunding to improve companies’ energy efficiency. The project was founded by Apple co-founder Steve Wozniak.
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“In these challenging times, many small businesses have been hit hard. They lack funds for energy-saving lamps, for streamlining production, or even for insulating their buildings. All of this could save them money in the long run, but they need financing,” — comments by EFFORCE co-founder Jacopo Visetti.
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EFFORCE helps business owners raise funds to deploy energy-saving technologies in their companies:
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- Entrepreneurs register on the platform a project to upgrade their company’s energy supply;
- EFFORCE users buy WOZX tokens and invest them in registered modernization projects;
- Companies use the funds raised to enhance the energy efficiency of buildings and operations;
- EFFORCE uses blockchain to track the saved funds and distributes a share among all WOZX holders.
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HBTC — a Malta-registered cryptocurrency exchange. It offers spot and margin trading, as well as cryptocurrency futures contracts.
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Earlier, the listing of WOZX on HBTC increased the value of EFFORCE to $950 million.
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