XYO Price Today XYO Live Chart & Real-Time Market Data
This text is exclusively for informational purposes, and it does not provide any investment or financial advice. To increase the chances of achieving your investment objectives, it is always recommended to conduct a fundamental and technical analysis of the crypto project and consult with a professional financial advisor. The consumer-oriented aspect of the XYO Network has led to substantial growth, with more than 1,000,000 devices in circulation globally. These devices, utilizing Bluetooth and GPS technology, enable individuals to track their belongings such as bags, keys, and even pets. XY Labs further stands out as one of the pioneering U.S. companies to tokenize and publicly list its shares. These tokenized shares trade as $XYLB on the tZERO ATS, positioning XY Labs prominently in the growing wave of Real-World Asset (RWA) tokenization.
XYO works by incentivizing users to participate in data submission and collection through various means, including the accumulation of digital assets like the XYO token and a variety of services provided by XYO. Anonymous data submitted this way is then permanently and immutably made part of XYO’s decentralized data network, and the user may opt out from submitting further data at any time. The real world data collected by the sentinels can be trusted because they vouch for its certainty and accuracy by producing temporal ledgers. They communicate with other sentinels to compare their data and determine the most likely information. This decentralized method creates a reliable and decentralized location-based oracle network.
While its current applications are map-based, the potential for combining various aspects of location data is immense. XYO Network conducted an initial token sale in 2018 to raise funds for its development. The company gained attention for its innovative approach to location tracking, which attracted partnerships with various industries, including logistics, e-commerce, and supply chain management. In late 2017, Arie Trouw, Scott Scheper, and Markus Levin co-founded XYO, a blockchain project. The XYO Network aims to transform the way apps, humans, and hardware devices use location data. The XYO Network operates on a native cryptocurrency called “XYO Token.” xy oracle price Users can earn the XYO cryptocurrency by contributing to the creation of verified heuristic ledgers.
Sentinels and bridges receive tokens when their information is utilized to answer queries. Archivists are rewarded for retrieving and using data, not just for storing it. Diviners receive XYO tokens as payment for providing data query services on the XYO Network. The XYO Network consists of devices that anonymously collect and validate geospatial data. Through the XYO World platform, users can trade and stake XYO tokens against unique ERC-721 tokens representing real-world locations. Its aggregation and analytics capabilitiesextend across diverse domains, empowering organizations to derive meaningful insights from complex datasets for informed decision-making.
It can also enable secure car-sharing services by verifying the location of rented vehicles. View the XYO price history to determine the lowest and highest price paid for the XYO crypto and analyze market trends over time. The maximum supply of XYO tokens is 14 billion, with the current supply being 13,476,747,692 XYO. They contain location information received from Bridges and index the ledgers to facilitate easy retrieval. Similar to a bank that archives ledgers, Archivists store raw data and earn payment only when the data is retrieved. They play a crucial role in the network, serving as the storage repositories for all the gathered ledgers.
More than that, through our crypto exchange platform, you can buy XYO with regular payment methods, benefiting from immediate executions and the ultimate transaction security. Diviners are also called the answer aggregators because they serve as location witnesses that provide accurate and trustworthy data. A Diviner gathers and validates geospatial data, such as GPS coordinates, which are then utilized within the XYO network ecosystem. Changelly is a secure and simple crypto exchange platform to trade XYO tokens for other digital currencies, such as Binance Coin or Bitcoin Cash. Through our comprehensive crypto exchange platform, you can also easily buy XYO Network with traditional payment methods like debit cards, or sell XYO for fiat and withdraw the funds to your bank account. Sentinels, bridges, archivists, and diviners on the XY protocol earn rewards with XYO tokens for their participation.
This information can be used for traffic management, urban planning, infrastructure development, and optimizing public transportation services. XYO can be used in the insurance sector to validate claims related to accidents, theft, and property damages. Accurate location data can provide powerful evidence for claim verification, streamlining the process and reducing fraudulent claims. The XYO Network can be utilized to track and verify the location of goods in the supply chain process.
The XYO Network solves the problem of location verification by creating a layered location verification service that is effective across device classes and smart contract protocols.
