XYO Network Blockchain Just Entered the Real World

The XYO Network is blockchain's first decentralized, trustless & secure Proof of Location network. Thanks to its two unique core concepts, Proof of Origin and Bound Witnesses, the XYO Network allows developers and smart contract creators to interact with the real world as if through an API.

About XYO Network

CRYPTOECONOMIC INCENTIVES FOR LONG-TERM VALUE

Built into the XYO Network’s cryptoeconomicssits ground-breaking tools for incentivizing both XYO Miners (crypto-location miners) and Token Holders (with Token Rebates), which encourage healthy liquidity, low transaction fees and long-term value.

ALL UNSOLD TOKENS BURNED AFTER SALE CONCLUDES

In order to award those who purchase XYO Tokens during our current Token Sale period, all tokens that are not sold after the Token Generation Event concludes will be burned; thus the tokens one purchases during the sale becomes a finite, scarce resource, which benefits those who purchase tokens during the sale.

TRANSPARENT & AUDITED ETHEREUM SMART CONTRACT

During the Token Generation Event, the XYO Token uses the Ethereum platform’s ERC20 token standard. To ensure a secure purchase of the XYO Tokens, we have retained a third-party firm to test audit our smart contract to comply with best practices.

We are living the future! It may not be easy to comprehend this, but we even surpassed the year they traveled into in "Back to the future" movie, so for me that is official now. In last few decades humankind made great progress through science and technology in all areas of life. Many new opportunities are available for all of us, and because of that, the way we live our lives is changing. We now have access to knowledge from all human history in our hands; communication is fast, available and almost free, the opportunity to learn new things is here thanks to the internet, the technology surrounding us is saving our time and leaving more free time for us to spend the way we like. But to enjoy all these benefits, there was also price to be paid for anyone who wants to be a part of this new civilization. Everything became public, we are sharing great parts of our lives with complete strangers, and almost anyone can know where we are, what we do and what we like. It is hard if not impossible to avoid paying this price.

Thanks to the blockchain technology a new era of progress is here, we can call it a decentralized revolution. Many uprising projects are creating a new reality in which we don't need to depend on central authority controlling and having insights into our lives. One of the most important projects and leaders of the decentralized revolution is taking our location data from the hands of central authorities and making us independent. The name of this project is XY Oracle Network (XYO).

What is XYO?

XYO is blockchain based trustless, zero-knowledge proof, cryptographic location network that eliminates the need for centralized location data gathering. XYO Network will enable locating any object or individual through many device classes and protocols. To make this possible XYO team is using "Proof of Origin" and "Bound Witness" to merge decentralized blockchain world with our real-world data into one new game-changing network.

This may sound like something from the future, but as I told you at the opening of this article we are living the future, and XYO project is already available and ready for business. They have the existing operational infrastructure of 1,000,000 tracking beacons that represent one of the biggest consumer Bluetooth and GPS networks in the world, and for XYO project this is just a beginning!

Even at first reading, it is not easy to understand all technical details for someone without tech background I found XYO WHITEPAPER challenging and interesting. To simplify everything we could say, even that would not be 100% accurate, that XYO team created decentralized upgraded GPS system that is safer to use and less vulnerable to any unwanted interference from third parties. Creating something of this magnitude and importance is a great accomplishment, and possible business applications for XYO project are numerous. To get more information about possible use cases XYO provide us with detail explanation and documentation for all major ones: eCommerce, Medical Care and Hospitals, Rental Car Agencies, Commercial Airline Luggage Logistic , Insurance Agencies, National Security Agencies, Drone Package Delivery Systems and more of them coming soon.

I wrote articles about more than 150 ICOs in last six months and spent hundreds of hours reading and thinking about them. I must say that I am impressed with everything about XYO project, from their website, promotion video, idea, already established business, a ton of documents and papers with use cases and business plans for the future and of course people behind this project. This is how you prepare a project for ICO and present it to the public and potential investors, and all future ICOs could learn from XYO. Big respect from me and you got me on board as an investor, that is for sure. For everyone else planning to participate in this ICO, I encourage you to join the WHITELIST FOR TOKEN SALE and do your due diligence on XYO before it starts. I will write more about this project in the future so stay tuned for details about team, tokenomics, roadmap, business plan and more.

Financial

Token info

Token

XYO

Platform

Ethereum

Type

ERC20

PreICO price

1 ETH = 200,000 XYO

Price in ICO

1 ETH = 100,000 XYO

BONUS

During the Token Sale, there is a tiered pricing structure. The sale price starts at 1 ETH: 100,000 XYO and maxes out at 1 ETH: 33,333 XYO.

Tokens for sale

100,000,000,000

Investment info

Accepting

ETH

Distributed in ICO

47%

Token XYO

PreICO Price 1 ETH = 200,000 XYO

Price 1 ETH = 100,000 XYO

Bonus Available

Bounty Available

Platform Ethereum

Accepting ETH

Country USA

Whitelist/KYC KYC & Whitelist

Milestones

Q4 2017 - XY’s Blockchain-Based Oracle Network Is Born

Development of moving the internal XY location network platform to an open blockchain implementation begins: the XY Oracle Network is born.

Q1 2018: XY Mints “XYO Tokens” to Be Used For Smart Contracts to Access the XYO Network

The XYO Token is created and represents the official currency to be used throughout the entire XYO Network.

Q! 2018 - Public Token Sale to Begin

The Public Token Sale is scheduled to launch on March 20, 2018 and to conclude on May 20, 2018.

Q2 2018 - XY to Complete XYO on Test Network (”XY TestNet”)

XY will complete the development of the XY Oracle Testnet and begin rolling out its location-focused blockchain protocol to its Sentinel devices.

Q3 2018 - XY to Launch XY Oracle Main Network (”XY MainNet”)

XY will issue a complete roll out of the XY Oracle Network to XY its Sentinel beacons and start tests with new Sentinel partners (specifically IoT companies and mobile app developers).

Q3/Q4 2018 - XY to Complete API for Smart Contract Developers to Interact With the XY Oracle Network

Release of the XYO Network API that enables smart contract developers to write contracts to interact with XY’s network. Libraries to be developed: Ethereum Solidity Library, Ethereum Viper Library and JavaScript library for websites to interact with the XYO Network (similar to the Web3.js integration with MetaMask).

Q3/Q4 2018 - XY to Release XY Sticker-Based Trackers, Which Can Be Added to eCommerce Packages

Launch the low-cost XY Sticker product which enables eCommerce retailers to track every single one of their products in realtime.

2019 - XY to Grow Global Network of Diversified Location Sentinel Devices

Grow coverage of XY Sentinels (location data providers and verifiers) as well as other components of the XY Oracle Network (Bridges, Archivists, Diviners).

2019 - XY to Onboard Larger Businesses, Organizations and Retail Companies That Have Use-Cases for Location Verification

Formalize business partnerships with enterprises and larger entities, which can benefit from a decentralized, trustless location oracle (e.g. logistics systems, supply chain companies, auditors, eCommerce businesses and countless other niches).

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