Steve “Woz” Wozniak, the well-known founding father of Apple and hero of the private computing revolution, as soon as concerned himself with a cryptocurrency token.
Press releases on the time described the agency, Efforce, as one which was going “to transform and disrupt the energy efficiency market.”
It was going to do that by permitting individuals to register deliberate vitality effectivity tasks with Efforce, which might then permit tokenholders to “buy into the project” and obtain vitality credit representing the rise in effectivity.
The agency made certain to launch a token that cashed in on Woz’s identify and used the ticker WOZX.
This token instantly surged in value, ending up with a peak worth above $3. Now it trades for a fraction of a penny, roughly $0.0013.
The founding father of Apple, a revered entrepreneur and chief, had launched a cryptocurrency mission that misplaced greater than 99.9% of its worth.
Wozniak even went on Bloomberg to proclaim that “bitcoin is gold” and that he hoped the token could be “consultant of ongoing environment friendly firms which are worthwhile now.
He additionally stated he hoped to have “another financing arm for companies.”
This sounds to me like a safety, or not less than a pseudo-security, which is perhaps why Efforce feels the necessity to clarify that “Efforce tokens are not available for purchase by individuals or entities located in, incorporated in, or residents of the United States. Any offering, sale, or distribution of Efforce tokens is not intended for and shall not be made to US persons, as defined under applicable laws and regulations.”
It’s difficult to determine the present standing of this bold and presumably “profitable” agency.
Efforce’s X account posted its final replace on July 28, the place it claimed that its Vietnam Vitality Effectivity Pool “delivered a 10.75% return over 11 months and 20 days!”
Sadly, the “Pools” web page on the Efforce web site offers successfully zero particulars on any of the swimming pools.
Even stranger, in an earlier X publish, it had linked to an “Energy efficiency: Vietnam” pool that claims its standing was “Funding canceled” and it has raised $0 of the focused $2.7m USDC.
5 different swimming pools are seen on the web page to me; all 5 have $0 raised.
Maybe that is merely a byproduct of those tasks being accomplished.
The corporate’s cryptocurrency tackle final despatched a transaction roughly one and a half years in the past.
Its escrow pockets final despatched a transaction 239 days in the past.
The GitHub for this mission’s good contract repository final obtained an replace in June of 2024.
The final publish within the announcement channel that isn’t a warning about phishing is from June and pertains to that very same pool that it posted about on X.
The LinkedIn for the agency doesn’t have any posts.
Woz’s final publish about this agency was in 2021 and was celebrating a Huobi itemizing, not probably the most wonderful honor he has obtained in his profession.
Equally, the final replace on Medium for this mission was in 2021.
This mission appears to have virtually fully failed, with unclear proof that it ever achieved something in any respect, leaving a everlasting stain on Wozniak’s status.
— Bennett Tomlin
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