XYO is a network of IoT devices backed by cryptography. Four types of nodes comprise the XYO Network. Each of them work cooperatively to collect, transfer and process geospatial data. The incentive mechanism tying all of this together is a digital currency called XYO.
Self-driving vehicles, package-delivering drones and smart cities. All of these will not be possible unless we solve the biggest shortcoming of location data today: trust.
The technologies of tomorrow will require location data you will trust with your life. Yet how can we have this level of trust in location data? Not through large companies or governments, that's for sure. They get hacked daily. Rather, the answer comes from securing it through mathematical principles of cryptography.
Meet XYO. We're building the world's first people-powered location network built on blockchain technology. The technology we're building today will power the world of tomorrow. And the gas used to power it is the cryptocurrency called 'XYO'.
When Bitcoin arrived in 2009, it transformed how people carried out transactions online. It made online transactions safer, faster and more efficient; millions of people around the world started using it.
Today the combined market value of all digital currencies is over $245 billion... and some experts predict Bitcoin alone could hit the $1 trillion mark by the end of the year.
But why is this revolution happening in the first place?
It's primarily due to the technology behind it all: a cryptographic breakthrough called 'blockchain'.
Blockchain, the fundamental technology underlying Bitcoin, eliminates the need for trust because it makes all transactions transparent, decentralized and secure. It has quite literally revolutionized online commerce.
People can now transact without knowing one another in what are called 'trustless' transactions. There’s no need for a trusted third-party to settle disputes. People can send money from one person to another without a bank sitting in-between, taking a fee.
And then there was an even bigger breakthrough...
Bitcoin and blockchain technologies have been limited to the internet. Every single new blockchain technology, cryptocurrency, or new 'token', which are all economic tools used to align the underlying platform's economy, have focused on online applications, and not offline ones.
Yet the offline, real world market is still the biggest. It’s worth over $11 trillion a year. Since 2012, we've been developing location-based technologies aimed at connecting the digital world to the real world.
XYO 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.
This has opened up a new world of possibilities. The applications of such a technology are infinite.
Take for example an eCommerce Company. With the XYO Network, they could now offer their premium customers payment-upon-delivery services. To be able to offer this service, the eCommerce company would leverage the XYO Network (which uses XYO Tokens) to write a smart contract.
The XYO Network could then track the location of the package being sent to the consumer along every single step of fulfillment; from the warehouse shelf to the shipping courier, all the way into the consumer's house and every location in between. This could enable eCommerce retailers and websites to verify, in a trustless way, that the package not only appeared on the customer's doorstep, but also safely inside their home.
Once the package has arrived in the customer's home (defined and verified by a specific XY-Coordinate), the shipment is considered complete and the payment to the vendor gets released. The eCommerce integration of the XYO Network enables the ability to protect the merchant from fraud and ensure consumers only pay for goods that arrive in their home.
This means e-commerce stores like Amazon.com can use the XYO Network to allow customers to only pay for a product when it arrives at their home.
This is just scratching the surface...
Please keep in mind that XY Tokens do NOT represent an equity but are utility tokens for the XYO Location Network, which are necessary if one intends to use the XY Oracle Network in their Ethereum Smart Contracts.
YOU SHOULD READ THE OFFERING CIRCULAR BEFORE MAKING ANY INVESTMENT.
OFFERING DOCUMENTATION CAN BE FOUND AT xy.company/offering
IF YOU ARE INTERESTED IN PURCHASING TOKENS IN THE XYO NETWORK, PLEASE USE THE LINKS ON THIS PAGE.