What is the XYO Network?

The XYO Network is a decentralized coded (cryptic) location network which uses zero knowledge facts to create high standard location verification. Security of the system is the main concern of this network.

Inside the XYO network

What are smart contracts?
These are computer programs and transferring of virtual currencies between parties which are verified by oracles are done by these Smart contracts.

Why is this important?
Smart contracts are tools that are modernizing the way humans conduct business. They eliminate the necessity for the trusted third parties and brokers that the system currently rely on so as to execute the terms of an agreement. The only way this evolution of human interactivity can be successful is if the data that is accessible to these contracts is correct and certifiable. Centralized authorities can be subject to attacks and failures and due to that it does not work as technically practical source of data for smart contracts. So there is a need for an agreement based network of interconnected devices which records and confirms real world events in order to create the resulting data available in a distributed, trustless, and safe manner. This is exactly the design of the XYO Network.

MAIN FEATURES OF THE XYO NETWORK
Decentralized
Confirmation doesn’t contain any big and payment based companies or organizations. This network is totally a transparent system. It is an open source which doesn’t has any entry barriers.
Trustless
As users always concern about the trustworthiness of the network, The XYO Networks blockchain technology removes the need for trust by making all transactions transparent, decentralized, and protected.

Identityless
To protect the privacy of all the users, all the location data is stored anonymously. This is done by a cryptographic method which is called Proof of Origin.

How to participate?
To enter the XYO Network, contract developers can use the XYO Token which acts as an utility token. Everyone can join in the XYO Token Generation event as its different stages on the website.

XYO Token Specifications
Arrangement of the public token sale pricing starts at 1 ETH: 100,000 XYO and maxes out at 1 ETH: 33,333 XYO.
• Smart contract platform: Ethereum
• Contract Type: ERC20
• Token: XYO
• Token Name: XYO Network Utility Token
• Token Address: 0x55296f69f40ea6d20e478533c15a6b08b654e758
• Total issuance: Fixed and stopped at the total reached after the Token Main Sale
• Amount issued during the main sale: Unlimited
• Unsold and Unallocated tokens: Burned after the token sale event. No further XYO tokens will
be produced after the Main Sale ends.

XYO Pre-Sale Timeline and Details
● Start: January 5th, 2018
● End: February 28th, 2018
● Token Price: 1 ETH = 200,000 XYO
● Minimum Purchase Amount: 15 ETH
● Maximum Purchase Amount: Unlimited

**XYO Main Sale Timeline and Details **
● Start: March 20th, 2018
● End: May 20th, 2018
● Token Price: 1 ETH = 100,000 XYO initially and 1 ETH = 33,333 XYO at max.

For more information please follow;
● [Official Website] (https://xyo.network)
● [Telegram group] (https://t.me/xyonetwork)
● [Bounty thread] (https://bitcointalk.org/index.php?topic=3053801.0)
● [ANN thread] (https://bitcointalk.org/index.php?topic=3040825.0)