About XYO Network
The XYO Network (XY Oracle Network) is an abstraction that enables layered, location verification across many device classes and protocols. The XYO Network has been working towards the concept of enabling developers, such as those writing smart contracts for blockchain platforms, to interact with the physical world as if it were an API. The XYO Network is the world’s first oracle protocol that makes it possible for two entities to transact in the real world without a centralized third party. Our abstractions allow us to make location verification trustless for developers, creating a protocol with novel use cases that have not been possible until today. The XYO Network will be built upon an existing infrastructure of over 1,000,000 devices circulating in the world that were distributed through their consumer-facing findables business.
XYO Network Goal
The goal of the XYO Network is to create a trustless, decentralized system of location oracles that is resistant to attack and produces the highest certainty possible when queried for available data. We accomplish this through a set of abstractions that greatly reduces the risk of location spoofing through a chain of zero-knowledge proofs along the components of the system.
Integration With Public Blockchains
The XYO Network is designed to be an abstraction that can interact with any smart contract capable, public blockchain such as Ethereum, Bitcoin + RSK, EOS, NEO, Stellar, Cardano and others. To interact with the XYO Network, users on Ethereum, for instance, can issue 7 queries to our XYO smart contract and pay in XYO Tokens (ERC20). The nodes in our own XYO Blockchain, called Diviners, would constantly be polling Ethereum for these queries and be rewarded in the native currency of our own XYO Blockchain (also called XYO Tokens). In the future, we will do a one-to-one conversion from holders of our ERC20 token into our own blockchain’s native currency in order to provide our platforms with transaction fees that support micropayment requirements necessary for scalable IoT use cases. In these cases, we will allow users to issue queries directly to our blockchain instead of interacting through a public smart contract.
XY Releases Ground-Breaking GPS Tracking Device: The “XYGPS”
XY Releases The XY4+ Device
XY Crosses The 1,000,000 Beacon Mark
XY’s Blockchain-Based Oracle Network Is Born
XY Mints The First “XYO Token” to Be Used For Smart Contracts to Access the XYO Network
XY Completes XYO Network MVP
Launch of XY Oracle Main Network Web Application (“GAMMA”)
XY to Complete API for Smart Contract Developers to Interact With the XY Oracle Network
XY to Release XY Sticker-Based Trackers, Which Can Be Added to eCommerce Packages
XY to Grow Global Network of Diversified Location Sentinel Devices
XY to Launch SatoshiXY and VitalikXY LEO Satellite Sentinels
XY to Onboard Larger Businesses, Organizations and Retail Companies That Have Use-Cases for Location Verification
XY to Expand Global Reach of Entire XY Oracle Network
XYO Token Information
1 ETH: 100,000 XYO
Maxes out at 1 ETH: 33,333 XYO
Smart contract platform: Ethereum
Contract Type: ERC20
Token Name: XYO Network Utility Token
Token Address: 0x55296f69f40ea6d20e478533c15a6b08b654e758
Total issuance: Finite and capped at the amount reached after the Token Main Sale.
TOTAL PROJECTED XYO SUPPLY: 24,158,373,684
Projected XYO Token Cap: $48 Million
Unsold and Unallocated tokens: Burned after the token sale event
No further XYO tokens will be generated after the Main Sale ends.
Pre-Sale Date: 2.1.18 to 3.6.18 ( SOLD OUT 400M XYO)
Main Sale: 3.20.18 to 5.20.18
Some Important Links of XYO