Review of ICO XYO Network: The Key Metrics

The XYO Network is the first crypto-location oracle network that enables smart contracts to access real-world objects. This project is going to revolutionize location-reliant trade markets by using the strengths of blockchain technologies. The project’s mission is to displace centralized GPS that lacks accuracy and faces issues with security. The team aims to build a crypto-location network that the world can rely on for autonomous and secure location data.

Current achievements and advantages
XYO already has one of the largest networks of Bluetooth and GPS devices in the world. So, the network will be built on a now existing infrastructure of more than 1 million location-verifying beacons. These devices enable to track different objects placed on the system (for instance, keys, baggage, bikes, pets and so on).

XYO has active engagements with some multi-billion dollar brands, including the Enterprise Ethereum Alliance, Trusted IoT Alliance, Bluetooth, IFTT and others whom they will announce soon.

How the product is unique
A unique feature of the XYO Network is an ability to integrate with modern leading blockchain platforms and future blockchain technologies. All these provide a lot of usage scenarios.

The XY Oracle Network platform is being utilized for creating decentralized location-reliant DApps, what makes the project extremely scalable in future.

Market volume and potential
Location data services are in great demand in the world nowadays. The location data services market shows huge growth in the last years and the project will be able to occupy a market niche.

The XYO Network is an open system and allows any operator of location devices to plug into and to earn XYO Tokens.

The solution is very universal and the XYO protocol can be integrated into any existing blockchain system. It potentially gives to the project tremendous scalability.

Rivals
There are very few of competitors in the location data services market now. They are Devpost, Mytracknet, and Viant.

Frankly speaking, they can not be called full-fledged competitors in the market, as they are specializing in a particular segment such as logistics, tracking or searching items. While the XYO Network is designed for a wider range of use cases (eCommerce, Medical Care and Hospitals, Rental Car Agencies, Commercial Airline Luggage Logistics, Insurance Agencies, and many more).

Team
The project’s team is quite big and balanced. It consists of 20 team members who are mostly from the USA and 14 advisors. Links to the team’s LinkedIn accounts are presented on the ICO website. There is the indication of their affiliation with the XYO Network in their LinkedIn profiles.

Marketing and Community
The project has accounts on all the popular services such as Twitter, Telegram, Reddit, Medium, LinkedIn, Facebook, GitHub, Bitcointalk, and YouTube. Updates are posted there regularly.

There is a bounty program managed by partner AmaZix.

Popularity and interest to the project are constantly growing. The community is quite active in discussing and reviewing the project.

Token Economy
XYO are utility tokens for payment within the XYO ecosystem. XYO Tokens are like “gas” that users need to access the XYO Network and pay for metadata.

Tokens will be listed on crypto exchanges.

ICO
Start of public ICO: March 20, 2018

The End of public ICO: May 20, 2018

Token type: ERC20

Accepted payment: ETH

XYO price: 1 ETH = 100,000 XYO

XYO price is dynamic and it varies depending on the time of purchase, incentivizing users to buy tokens earlier.

Learn more about the XYO Network:

Website: https://xyo.network/index.html

Telegram: https://t.me/xyonetwork

BitcoinTalk: https://bitcointalk.org/index.php?topic=3040825.0

The author’s bitcointalk username: katerin.vrn