XYO Network

XYO Network

Created using Figma
Created using Figma
XYO NETWORK is a vastly distributed network of interconnected devices based on smart contact that enables layered, location verification of data across the devices.
Sale
Mar 20, 2018
May 20, 2018
100% completed
$12 000 000
25% hard cap completed
Hard cap 48 000 000 USD
past
Token Details
Ticker
XYO
Accepted Currencies
ETH
Company Details
Registered Country
USA
Additional Details
Whitelist
Yes , till Mar 7, 2018
Categories
Internet, Smart Contract, Big Data

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.

Features

The XYO Network makes it possible for smart contracts to access the real world by using the XYO Network's ecosystem of devices to determine if an object is at a specific XY-coordinate. If it is, one can set up applications which execute transactions in the smart contract.

The XYO Network enables developers to gain the power to interact with the real world as if it were an API.

XYO Network Roadmap

  • 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.
  • Read More
  • 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).

Activity

Status:
Newbie
VERY LOW
Activity:
3
VERY LOW
Merit:
0
VERY LOW
Posts:
4
VERY LOW
Views:
438
VERY LOW
Posts:
453
HIGH
Followers:
10 069
VERY HIGH
Likes:
9 183
HIGH
Followers:
7 736
HIGH
Tweets:
621
VERY HIGH
Members:
13 779
VERY HIGH
Alexa
Rank:
121 644
HIGH
Delta:
106 827
Year commits:
680
Watchers:
154
Stars:
64
Forks:
22
Open issues:
25

Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Founder & Architect
unverified
Co-founder & Head of Marketing
unverified
Co-founder & Head of Operations
unverified
Head of Hardware
unverified
Head of Analytics
unverified
Customer Experience Manager
unverified
Sr. Design Engineer
unverified
Warehouse Logistics Supervisor
unverified
Client Support Manager
unverified
Retail Management Supervisor
unverified
Vicky Knapp
Sr. Accounting Manager
unverified
Hardware QA Supervisor
unverified

Advisors

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Advisor - Blockchain Consultant
unverified
Advisor - XYOMainChain Scalability
unverified

3 ICOs

$14 279 400

Advisor - Blockchain Specialist
unverified
Advisor - Artificial Intelligence
unverified
Advisor - XYO Token Market Economy
unverified
Advisor - Digital Programmatic Advertising
unverified

Last News

$ 0.0032
12.65%
Coin Stats
Daily, %:
12.65%
Weekly, %:
32.25%
Monthly, %:
38.77%
Market Info
Market Cap:
$ 19.093 M
Volume 24h:
$ 6.639 K
Circ. Supply:
5.992 B XYO
Ticker:
XYO
4.13
positive
5.0 20
ICO Profile Vision Activity Potential Product Team

XYO Network Reviews

Samson Owiti
Cryptotrader, Crypto investor, Blockchain business expert

XYO NETWORK is a vastly distributed network of interconnected devices based on smart contact that enables layered, location verification of data across the devices.

PROS:

  • Faster transactions: The platform enables two entities to easily transact in a real world  without the existence of third party intermediaries  as it able to make location verification trustless for developers
  • Easy retrieval of items: The platform through XYs Bluetooth and GPS devices enables the users to  place physical tracking devices beacons on the items that they intend to track such as keys, luggage, bikes and even pets and easy retrieve them in case of any misplacement
  • The platform has employs a well interconnected system end to end functionality where the system enables the user to get the best answers from the queries generated from the initial stage
  • The platform components  along with the Proof of Origin Chain get paid for their involvement in fetching the answer to the query
  • Security: The platform  enables the secure storage heuristic data without easy access by fraud and unauthorized intermediaries
  • The XYO whitepaper clearly outlines the components  and protocol involved, how the network works and the crypto economic incentives underlying the network
  • Good team experience  led by the CEO Arie Trouw who has managed different projects as the Chief Executive officer , Chief Financial Officer  and Operating Officer making him fit to lead the implementation of the project

CONS:

  • The token users are not provided with adequate  incentives by the platform
  • The project team is missing in the whitepaper
  • The  platform sentinel is likely to undergo Distributed Denial of Service Attack in some areas

SUGGESTIONS:

  • The platform team should be included in the whitepaper
  • The platform should involve the token users in most of its activities
  • The token used should undergo a pre-ICO sale to raise more funds for the project

NOTE:

The platform enables the user to easy store their data and easily retrieve their valuable items in case of misplacement making it viable hence promoting me to invest in the project.

 

 

Read More
  • Because there may be time differences in information updates, accurate information about each ICO project should be verified through its official website or other communication channels.
  • This information is not a suggestion or advice on investing in ICO funding. Please thoroughly investigate the relevant information yourself and decide on ICO participation.
  • If you think there are issues or problems to be corrected on this content, or if you would like to submit your own ICO project to be listed, Please email us.
Please read the disclaimer and risk warning. Show disclaimer and risk warning.