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Evaluate XYO Network ICO — Follow everything on the blockchain

What is XYO ?

The XYO Network is blockchain’s first decentralized, trustless and secure Proof of Location organize. Because of its two one of a kind center ideas, Proof of Origin and Bound Witnesses, the XYO Network allows developers and smart contract creators to interact with the real world as if through an API.
The XYO Network has four essential parts, Sentinels, Bridges, Archivists, and Diviners. These four segments empower geo-centered, accord building and trustless confirmation of area information.This implies when you write a smart contract that indicates for a question show up at a particular XY arrange, in the event that it shows up there, you will realize that it was at that area with absolute certainty . This is altogether managed without danger of caricaturing the area flagging device(s) checked by a large number of Sentinels in the XY Oracle Network with the longest Proof of Origin chain
The XYO Network makes trustless location data possible through anecosystem of crypto-location technologies and protocols necessary for bridging the gap from the world of today, to the world of tomorrow

How does XYO work?

Yes, you have probably heard of “Internet of Things”. These are small devices and devices around us that will soon talk to each other to make it easier for people.
For example, your phone can communicate with your home thermostat, to get an idea of ​​your daily routine and when you can stay home so it can set the right temperature for you. when you walk in.
The Xyo Network is planning to bring more than one million GPS tracking devices in the real world and connect them with blockchain to provide an unreliable tracking system that can revolutionize the way we track. the objects according to their location and then use that information.
These devices are called “guards” — including everything from light bulbs to internet routers, door satches, garage doors, cars, refrigerators and not to forget the obvious stuff. more like phones and tablets. Or they might even be your micro-cat.
With all these devices connected, they can track very accurately somewhere and then use that data to perform a contract on Ethereum blockchain.

The real benefit of XYO Network

It will give people what? This is a transcendental question to know exactly what a new project can offer to every person. That is, to know what the real contribution is. Therefore, as mentioned above, the area developed by XYO Network specifically focuses on hierarchical geographic location.
This geographic location focuses on the GPS field. For many years XYO has been at the forefront of creating new methods and positioning systems. Exactly what they care about most is the ability to build an environment in which information flows quickly, securely, and securely. A system that allows direct, continuous and uninterrupted user interaction.
Exactly, the task that the XYO Network has developed over time is performing dual functionality. In addition to providing users with an outstanding geographic location service with accuracy and speed, it also aims to create a completely decentralized platform. In a nutshell, a system where only users and applications intervene and correlate without the intervention of third parties or intermediaries, reducing the real high cost globally. In fact, you only need to see the amount of money moving the markets depending on the location, not less than $ 11 trillion a year. If you compare them with other markets (about $ 400 billion in total capitalization of all secrets, or $ 2.77 trillion in B2C online sales)
Here are some examples of what this might mean in practice:
- Amazon may switch to the payment model when delivery, whereby a package is tracked until it reaches your front door and you only pay for it once it is with you.
- Hotel review sites may know whether people have actually traveled to stay in a particular hotel that they have just reviewed, thereby removing fake reviews.
- Hand luggage can be tracked more accurately, so if luggage does not arrive, you will know its exact location and can track its progress back to where it should be.
- Medical equipment can be monitored to ensure it arrives on time and on time
- The pet tracking can be used, so if your cat is missing, you will know exactly where it is with high precision and the appropriate authorities can be warned. to pick it up.
- Here are some clear applications for XYO technology, but there are indeed limitless applications.

Where are the Blockchain?

Now you may be wondering — this sounds all nice, but which blockchain goes into the image and why it is needed? Surely these devices can only communicate with each other anyway, without the blockchain?
Yes, XYO Network has developed a special Proof of Origin and Proof of 
Witness and therefore aims to make location verification unreliable.

The beauty of the blockchain is that it can perform automatic smart contracts if it meets the criteria.
It sets up a system that says “if x happens, do y .” In this case, x might be “if Amazon successfully handles the parcel for this person’s home” and he can “pay for the item from that person. “
So, the XYO Network will incorporate all the IoT’s revolutionary connection devices with blockchain to make agreed things happen automatically and do not need the average man to verify them.
It is a very audacious vision and if it works in practice, can make a lot of different tasks more effective and transparent.
The XYO Network allows you to build a virtual panorama based on accuracy and accurate information transmission. This will not give way to mistakes and every venue is expected to have a level of detail unique in its style. In addition, security also plays an extremely important role at all times. Thanks to the guards, you can not forge a place, address or device. The entire database will be protected properly.
On the other hand, the “bridge” that constitutes the XYO Network is responsible for ensuring that information is transmitted properly and in a short time. This is how data transfer, regardless of their size, can be done quickly.
For file cabinets, this is a special technology that is only used by XYO to protect and store all types of data. Data backup is done in a way that is decentralized. Finally, fortune tellers are responsible for confirming the authenticity of all information coming in the system. This is how each device is perfectly matched to maintain the balance and excellence of the XYO Network.

Road Map

ICO Details

Here are the main details of the ICO:
  • Token Identifier: XYO
  • Type of contract: ERC20
  • The ICO is open: March 20, 2018
  • ICO ends: May 20, 2018
  • Total XYO offer: limited to the total purchase during the sale of the card, not create additional cards
  • Price: 1 ETH = 100,000 original XYO and 1 ETH = 33,333 XYO at the maximum
  • Accepted Payments: TBC

The XYO Token

The purpose of XYO Token (XYO) will be for smart contract developers to use it to access geographic location verification from the real world.
If you have a smart contract on the XYO network, for example, Amazon uses it with their package to pay for delivery, they will need a XYO card for their smart deal to contact the device. Iodine.
This means more use of the XYO Network, the cards will be used more.

Conclusion

Not many ICOs identify themselves as “potentially greater than Bitcoin and Ethereum,” but with the XYO Network, the claim may not be entirely crazy as before.
Yes, the XYoung Network itself has a very daring plan, but this is an ambitious project — if it comes along — can have profound consequences on the world around us.
The Internet is coming — and making our lives easier in a variety of ways.
The XYO Network will allow this revolution to be much more useful in the real world, verify location data, and use it to implement smart contracts.
That means everything from checking an Amazon package has been sent to rescue your stranded cat.
It’s a bold vision but if it comes, it’s probably one of the most important blockchain projects we’ve seen.
I evaluated the project at 8 out of 10 points and I will take part of my ETH to invest in this project. If you are interested in this project please join the information below:
Website: https://xyo.network
White paper: https://xyo.network/whitepaper
Telegram: https://t.me/xyonetwork
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1450768

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