Most XYO trading occurs on Uniswap, so Uniswap is our recommendation on where to buy or sell XYO coin. Uniswap is also easy to use, but the Ethereum gas fees can sometimes be high. Now, what is other identify of financial institution reconciliation assertion the historical price of XYO Coin has been a little higher in the past as mentioned previously. The all-time high was $0.005 per coin, and that was achieved on December 20th, 2018.
XYO analytics
Serving as oracles, Diviners use Proof-of-Work (PoW) consensus algorithm to add answers fetched from Archivists to the blockchain. A common question that you hear if you are involved in cryptocurrency is whether Bitcoin will ever drop to its original price.This question depends… Unlike many of these smaller cryptocurrency projects, XYO actually has public founders. The three founders of XYO are Arie Trouw, Markus Levin, and Scott Scheper. The project was funded by an ICO that raised approximately $13 million in 2017, so it does have some support behind it. XYO is decentralized, which means that the user has more privacy and the data is much more freely available by the use of data oracles.
XYO Network Live Price Data
According to the project’s roadmap, other focus areas include Lifehash, Foreventory, Crypto Cards, and XYO World 4.0.
Our Prediction for XYO Coin
One of the interesting use cases of XYO Tokens within the XYO Network is implementing a Pay-on-Delivery eCommerce system using Smart Contracts. The XYO Network allows companies to offer independently confirmed ledgers to track every step of a shipment’s progress, ensuring secure delivery. The company aimed to enable developers, especially those working on Ethereum smart contracts, to interact with the real world like an API. The XYO token sale occurred in March 2018, when they released their native cryptocurrency, $XYO. Most of them are remain dead, some of them are a scam, and there is a little number of cryptocurrency projects that really strives to make a world a better place.
XYO Network aims to provide trustless and cryptographic location verification, bridging the gap between digital and real-world channels. XYO Network along with XYO coin introduced an innovative way for decentralized collecting, validating, storage and use of geospatial data. Needless to say, that the project itself wants to eliminate the middle man from location data gathering while bringing decentralization and transparency to the businesses. XYO cryptocurrency is currently recognizable by its narrow community but once the world meets mass adoption such projects as XYO will be in demand.
Any updates or advancements in the XYO Network’s technology can impact its price. New features, improvements, or successful implementation of its protocol can boost investor confidence. The concept of XYO was introduced by the company XY Findables, founded in 2012. XY Findables focused on building a location network to make the physical world programmable and accessible to developers. They are responsible for securely storing the information for future use.
The XY Oracle Network relies on a decentralized system of location oracles that verify and validate geospatial data. Users can participate in this process by contributing data and validating the accuracy of location-related information. This activity is known as “geo mining.” By actively participating in geo mining, users may earn XYO tokens as rewards for contributing to the network’s integrity and reliability. The XYO (XY Oracle) Network is a decentralized network of devices designed to anonymously collect and validate geospatial data or data with a geographical component. XYO Network bridges secure blockchain data and the physical world, allowing developers to interact with the real world like an API. If you are a developer or a user of applications, websites, or blockchain technologies that require trusted location-based data, you can utilize XYO Network’s data marketplace.
Buy or sell XYO, or hold the token long-term if you believe in the potential of the XY Oracle Network project. Ensure that you DYOR before making any new trading decisions in the crypto market. Sentinels are devices equipped with radios, sensors, and other technologies that gather location information. They act as the location witnesses, collecting and validating geospatial data.
- Widespread adoption by businesses and developers can increase the demand for XYO tokens, potentially leading to price appreciation.
- We admit that it is used that way, but that is not the purpose of the coin.
- First, XYO coin is not technically a cryptocurrency in the sense that it’s meant to be used as a currency or store of value.
- They are responsible for securely storing the information for future use.
Fortunately, the development team has been working hard on the project with big plans for 2021. Adding XYO Network (XYO) to MetaMask allows you https://cryptolisting.org/ to view your token holdings, trade on decentralized exchanges, and more. Bridges receive data from Sentinels and relay it over to Archivists.
They act as data transcribers and facilitate the flow of location data within the network. Despite being on the market for almost two years, there are just three places that allow you to buy, sell, and exchange XYO. Today, the XYO cryptocurrency can be traded against BTC, ETH, and USD on the YoBit exchange and against BTC and ETH on the KuCoin exchange. It can also be exchanged for ETH via decentralized exchange (DEX) – IDEX. As they say, the XYO Network is applicable to different areas of our daily lives. The team of XYO network provides actual use cases of the technology for eCommerce, insurance, national security, drones, rental car, airports, and hospitals.
To put it simply, the Archivist component is the storage for the received information. All the witness bound interactions that were discovered, are recorded and encrypted by Archivists. Once the data is retrieved, Archivists are rewarded with XYO tokens. If you would like to know where to buy XYO at the current rate, the top cryptocurrency exchanges for trading in XYO stock are currently BingX, Bitrue, CoinW, Gate.io, and HTX. Cardano and Solana have become two of the most popular cryptocurrencies not named Bitcoin or Ethereum.Unfortunately, this has led to a lot of confusion… With that in mind, XYO has set itself up as a coin that has big potential to increase in price.
