Reviews About XY Oracle Token (XYO) Token Economics

Warm greetings to all my friends, on this occasion I will briefly review about a platform of '' XYO '' and this discussion I will emphasize the token offered by XYO, and currently ongoing token sales are held by XYO. To find out more about Usage, token information, and sales details let us refer to the following reviews.

Few reviews about XYO

XYO Network is short for XY Oracle Network; Oracle because the ICO aims to become the god of geolocation services in the future. This project is a transition from a traditional geolocation system to a decentralized blockchain-based technology. By incorporating their system into blockchain, better security from cyber attacks can be guaranteed, therefore keeping their clients' assets and liabilities. Basically, XYO Network is a data location provider that aims to execute confirmation of data location using smart contract. XYO Network Cryptoeconomics

XYO is a trust-based blockchain, zero-knowledge evidence, cryptographic location network that eliminates the need for centralized location data collection. XYO Network will allow finding any object or individual through many classes of devices and protocols. To enable this XYO team to use "Proof of Origin" and "Bound Witness" to combine a decentralized blockchain world with our real-world data into a new network that changes the game.

Info About Token

Token Tracker Summary:

Symbol: XYO

Decimals: 18

Type: ERC20

Payment: ETH

After every transaction, the price of XYO increases in order to reward early project backers. Thus the amount of XYO one receives per 1 ETH decreases slightly after each token transaction.

IMPORTANT: After the sale ends ALL UNSOLD XYO will be burned forever. No new XYO Tokens will ever be generated. All future XYO will be earned through XYO paid to crypto-location miners in exchange for them returning locational data to smart contract requests.

You can join the token sale https://get.xyo.network/flow/

For information on token sales schedule you can see below:

PRE-SALE

Schedule: 1 Feb 2018 - 6 March 2018

Project Cap: Sold Out

Participation: Private

Min. Contribution: 15 ETH

Max. Contribution: 200 ETH

XYO TOKEN SALE

Schedule: 20 March 2018 - 20 May 2018

Project Cap: $48,000,000

Participation: Public

Min. Contribution: 0,1 ETH

Max. Contribution: Unlimited

CRYPTO-LOCATION MINER DEVKIT DISTRIBUTION

Schedule: End Q2, Early Q3 2018

Project Cap: N/A

Participation: Public

Min. Contribution: 0,1 ETH

Max. Contribution: Unlimited

Token Distribution

The XYO Token Sale Economics were created in order to incentivize a diversified pool of participants. XYO Network's vision centers on becoming thestandard when it comes to trusted location data, whether on-chain or off-chain.

The figures displayed on this page reflect our current best estimate of the XYO Token Pool composition at the conclusion of the XYO Token Sale. The XYO Token Sale's price structure has dynamic price increases built into the smart contract. The price of XYO increases after each transaction. Additionally, the XYO Token during the Public Sale is pegged to the value of ETH. For these reasons, it is impossible to determine the exact amount of XYO distributed when the token sale ends. Therefore, the term "Projected Cap" is used. Additionally, we are in the final stages of two major Enterprise Partnerships, which may change the Enterprise Partnership figures below by an estimate of 1-3%.

Token Sale Proceeds

Proceeds from the XYO Token Sale will be allocated in what we deem the best way to achieve our primary vision: displacing centralized GPS. We believe the appropriate mix to make this happen is devoting our resources (which includes our funds, as well as the XYO Network ecosystem's focus) on the following areas:

Source Code
Smart Contract Audit
Penetration Test & Privacy Audit

The Cryptoeconomic Reserve may be tapped to incentivize the following network actors:

Incentivizing Blockchain Developers to create DApps that interact with the XYO Network for location data.
Incentivizing Operators of Sentinel Crypto-location Miners.
Incentivizing Operators of Bridge Crypto-location Miners.
Incentivizing Operators of Archivist Crypto-location Miners.
Incentivizing Operators of Diviner Crypto-location Miners.
Incentivizing XYO Token End-User Transaction Activity & Merchant Acceptance of XYO.