With over 1 million location-verifying beacons already in the world, XYO is blockchain’s first crypto-location oracle network. The XY Oracle Network (“XYO Network”) allows developers and smart contract creators to interact with the real world as if it were an API.
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.
XY launched the world’s first hybrid GPS and Bluetooth technology enabled device – XYGPS. The company crosses 1,000,000 beacon mark and its blockchain based Oracle network is born.
The company mints the first XYO Token for smart contracts to access XYO Network . Development of XY Oracle Testnet to be completed. Rolling out of location-based blockchain protocol to its sentinel devices.
Launching of XY Oracle Main Network XY MainNet. API to be completed for smart contract developers to interact with XY Oracle Network. Release of XY sticker-based trackers for ecommerce packages.
XY to grow the global network of diversified location sentinel devices. Launch of SatoshiXY VitalikXY LEO Satellite Sentinels. Formalization of business partnerships with enterprises to leverage the benefits of decentralized, trustless location oracle.
Expansion of the global reach of entire XY Oracle Network.