XYO Network ICO – Reasons Why You Should Invest
The XYO Network or XY Oracle Network is a blockchain-based service provider of data location. By utilizing the decentralized nature of the blockchain, the XYO Network aims to provide a transparent and reliable real-time tracking of important assets, may it be a thing or even a person. With the use of state-of-the-art geolocation technologies including satellites, Bluetooth devices, GPS and others, combined with the benefits of the blockchain technology, XYO Network will certainly be on the top of the list of data location providers.
The XYO Network is conducting an ICO to raise funds for the future developments of the project. The token sale is nearing its end in about 13 hours and so far, about 1.7 billion XYO tokens have been sold amounting to approximately 17,000 ETH. A total of 50 billion tokens have been allocated for the entire token sale and with only about 1.7 billion tokens sold, there is a problem with what to do with so much remaining tokens. The answer to this problem is that all unsold tokens will be burned after the ICO. This is in order to support the future value of the tokens as well as to increase the demand for the tokens in the future, thereby a chance to increase the price of the tokens as well.
Currently, XYO tokens are priced at around $0.007 USD for each token with 1 Ethereum equal to about 97, 436.42 XYO tokens. If I were to be asked, this is already a deal that is too-good-to-be-true considering that only about 3.4% of the entire supply for the token sale have been sold so far and the fact that all unsold tokens will be burned. This is definitely a chance that every sane person should grab. If you wish to purchase XYO tokens, you can do so by using Ethereum as this is the only form of payment they accept.
If you are still not convinced to support the XYO Network by the information I have provided above, let me tell you a few good reasons why you should do so and do it now before the token sale ends.
XY Findables
The XYO Network is an offspring of a company that’s been founded in 2012 and has been operational ever since. The company, called XY Findables, was a startup that aims to make all things findable, hence the name. Since then, the company has only grown and is worth a good multi-million right now with partnerships to some of the biggest names in the market such as Amazon, Target, Walmart among many others.
Positive Hype and Ratings
With so many ICOs that has been launched all over, it is so hard to get the attention needed to raise funds for a promising project. Luckily, the XYO Network is backed by a trusted company with a real vision which made a good impression with ICO investors. They are listed in some of the most notable ICO listings and rating website today, mostly with positive feedbacks. For example, in ICOBench, of the most popular website for ICO listing, they were given an average rating 4.2 out of 5 by 29 experts from various areas in the blockchain. The team also keeps their social media accounts updated of all the developments done to the project, which is another thing that will gain trust and positive feedback from potential investors all over.
Member of Enterprise Ethereum Alliance
Just recently, XYO Network became a member of Enterprise Ethereum Alliance or EEA. The EEA is an organization that aims to promote the adaptation of the Ethereum blockchain by many different e-commerce businesses from various fields. Included in the list of members of the said organization are notable names in today’s market such as Microsoft, Accenture, JP Morgan, Intel along with others from the Fortune 500 companies. This association will definitely prove beneficial to the project in terms of making connections with big companies that will surely increase the demand for the XYO tokens.
These are only some of the reasons why you should definitely not miss out this ICO. For more information and updates about XYO Network, check out the links below:
Website
Telegram
Ann Thread Bitcointalk