- Efforce, an energy efficiency token project co-founded by Apple‘s Steve Wozniak, has lost over 99.9% of its value since launch, now trading at approximately $0.0013.
- The project’s public activity has significantly declined, with its last major social media post in July 2024 and wallet transactions appearing dormant for over a year.
- Current data on the platform provides effectively zero details, showing multiple funding pools with $0 raised, casting doubt on its operational status.
Steve “Woz” Wozniak, the iconic Apple co-founder, launched a cryptocurrency project called Efforce with the ticker WOZX, aiming to revolutionize energy efficiency financing through tokenization. Press releases at the time described it as a venture poised to transform the market. The WOZX token initially surged above $3 but has since collapsed to a fraction of a penny, erasing more than 99.9% of its value. This massive decline represents a significant stain on Wozniak’s otherwise celebrated entrepreneurial reputation.
Wozniak publicly championed the project, telling Bloomberg that “Bitcoin is Gold“ and hoping his token would represent profitable, efficient companies. However, the project’s current viability is highly questionable based on available public data. The company’s primary cryptocurrency address last sent a transaction approximately one and a half years ago, indicating dormancy.
Meanwhile, the firm’s official communication has slowed to a trickle. The last update on its X account on July 28 claimed a 10.75% return from a Vietnam Energy Efficiency Pool. Conversely, the project’s “Pools” page claims that same pool’s status is “Funding canceled” with $0 raised of a $2.7 million target. Consequently, all other visible pools on the platform also show $0 raised, offering no evidence of active financing.
The project’s development and community engagement appear largely frozen. The GitHub for Efforce‘s smart contracts last received an update in June 2024, and Wozniak’s last promotional post was in 2021. Therefore, despite its ambitious goal to democratize energy investments, Efforce seems to have failed, leaving its actual achievements unclear.
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