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Price (USD)$ 0.0052
Circulating SupplyXYO 12.62512B
Volume (24h)$ 639.932K
Market Cap$ 65.00079M
Low/High 24h$ 0.0051 - $ 0.0052
Change (24h)$ 0.000069
XYO is a cryptocurrency project created for educating all types of users, who are excited about the possibilities of a location-based data network built on shared incentives. In essence, it’s a technology protocol designed to improve the validity, certainty, and value of data. This platform aims to promote the education, research, and development of the XYO protocol to increase public understanding of the benefits of incentive-based geospatial networks. The project is building a data marketplace that gives users a gold standard for any apps, websites, and blockchain technologies that rely on trusted data. It has also created a native ERC-20 token, also known as XYO Network token.
The XYO Network was co-founded by Scheper, Arie Trouw, and Markus Levin in 2017 while they were developing products for the geolocation startup XY Labs. XY Labs continues to develop products for the XYO Network, including its geospatial technologies and applications. XY Labs, the company behind XYO, is a tech startup in California that creates software and location-data-driven devices to build a global data network focused on people’s digital relationships to the physical world. XY Labs’ products include the COIN app, XY Find It, and XYO Network. The XYO Network went live in December 2018 in tandem with its partnership with Spaceflight which planned to use XYO’s technology to communicate the position of satellites. With over four million downloads for the XYO-enabled application COIN, users around the world can participate in the XYO Network.
The project’s goal is to provide a platform where visionaries and innovators can work together. The XY Oracle is designed to be better than Ethereum or Bitcoin. Regarding XYO and its use, XYO holders can use it to receive, create or send NFTs, create smart contracts, and stake it to earn rewards.
XYO token price today is $ 0.0052.
XYO has a fixed supply of 13.96 billion tokens, all of which were released during a public sale, which means that no more XYO will ever be created. In March 2018, the XYO network held its initial token offering, using a tiered structure to pricing the tokens between 100,000 XYO per 1 ETH and 33,333 XYO per 1 ETH. Any tokens remaining from the token sale that weren’t allocated or purchased were burnt (destroyed) by the network.
XYO began trading in May 2018 at around $0.00552 but progressively fell down to its all-time low of $0.00009607 in March 2020 following the departure of XYO co-founder and Vice Chairman Scott Scheper and a broader market downturn due to the COVID-19 pandemic.
XYO comprises gadgets for anonymous collection and validation of geospatial information. It's the primary part of this network protocol and a key thing for understanding its implicit advantage.
Together, the 4 components of XYO Network provide a fully decentralized network capable of combining cryptographic security with real-world data. These components are:
In exchange for their participation on XYO’s network, sentinels, bridges, archivists, and diviners all receive XYO tokens as a reward. Sentinels and bridges are rewarded XYO tokens when their information is used to answer a question. Archivists are rewarded for the retrieval and use of data, although they aren’t rewarded merely for data storage. Finally, diviners receive XYO tokens as payment from parties looking to query data from the XYO Network.
Additionally, the XYO concept offers the bound witness feature. When two devices that are not related or connected each detect one another, and then independently report that they saw each other, each one proves that they both really were in the same place at the same time. XYO reports this interaction as a bound witness. Bound witness interactions can include other data that helps increase the value of the bound witness. Things like time and location improve the data which can be used in the bound witness, and help prove what the bound witness asserts.
Proof-of-Origin is the key to verifying that ledgers that contain location data flowing into XYO are valid. A unique ID for a source of data is not practical since it can be spoofed. Private key signing is not practical since most parts of XYO are difficult or impossible to physically secure, so the ability for a bad actor to steal a private key is too feasible.
To solve this, XYO uses Transient Key Chaining. The benefit of this is that it is impossible to falsify the chain of origin for data. This key chaining comes from the Bridge to the Archivist and then to the Diviner.
To access all the platform features, users should download the multifunctional app on their Android and iOS devices. Today, the app is on-development, but when it's released, it'll become a Bridge, connecting to Sentinels and Archivists (via mobile data or Wi-Fi) to power XYO Network by gathering heuristic ledgers, which provide proof of location, from nearby Sentinels.
After downloading the app, users will be able to:
In 2022, the project creating location-data software and devices to empower users to participate in the worldwide digital economy, unveiled the next generation of its technology, XYO Network 2.0. Designed to embrace evolving blockchain paradigms and based on the company’s own experience and extensive research, XYO 2.0 aims to evolve XYO into a more dynamic platform, enabling a simplified, seamless experience for projects built in the network.
Key benefits of XYO 2.0 Include:
Since its launch, this project has gone through several stages, getting new features on each one. As the roadmap promises, more fantastic changes should happen in the future, which makes a XYO coin a promising long-term investment.
Experts agree with this point of view, almost every website promises that XYO coin will steadily rise in price. According to PricePrediction.net, in 2025, XYO crypto price per coin will reach $0.020 at its peak. Even though the CryptoNewsZ team doesn’t believe XYO will reach a staggering price level within the next few years, it still thinks that the XYO crypto maximum price will be around $0.0175. To sum up XYO price predictions for 2025 from CryptoNewsZ, the minimum and maximum prices will be around $0.0175 and $0.021, respectively.
More long-term forecasts are also positive. As for an XYO coin price prediction 2030 by CryptoNewsZ, XYO is predicted to reach $0.042 or $0.045 in 2030, and it could be the year of XYO. Telegaon promises XYO Network a more optimistic future: according to their experts, by 2030, XYO coin will reach $1.25. By 2040, they expect it to go as high as $10.67, and by 2050, $45.21, which is an astounding result for a token that currently costs a fraction of a cent.
After all, the XYO crypto Network is a project with fantastic prospects. Today, the overall number of users is over 4 million, and it's constantly growing. What's more, the Network is supported by crypto giants, like Travala.com and Chainlink. Furthermore, ambitious plans, such as an XYO World 4.0 and a Data Marketplace, make XYO coin a profitable investment.
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