XYO Network  ico information - ATG News


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Friday, May 4, 2018

XYO Network  ico information

XYO Network — The world’s first location-based, trustless, decentralized oracle


With the newfound popularity for location-based games, I believe most of us, at some point in time, have played or heard of Pokémon Go — a game that successfully “motivated” legions of gamers across the world to get off their butts and explore their surroundings.img.jpgIf you have been hacky, techy or even spoofy, you should know Pokémon Go relies heavily on GPS to work. Because of this, there are lots of GPS hacking apps (e.g. Fake GPS GO, Fly GPS) that becomes popular. They provide a free/paid location spoofing method so that you can catch a rare pokémon halfway across the globe or even out there in the middle of the Pacific Ocean. So how then, can we ensure certainty and accuracy of a location? Enter XYO Network.

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Driven by the lack of a trustless, decentralized location oracle, the XYO Network aims to be the first decentralized cryptographic-location network built for the world of tomorrow where its ecosystem of devices or location oracles can determine if an object is at a specific XY-coordinate. This approach promises the highest certainty possible when queried for the location data and greatly reduces the risk of location spoofing through a chain of zero-knowledge proofs along the components of the system.

These components are known as the SentinelsDivinersBridges and Archivists, which revolves around the following three key principles:

  1. Decentralized - XYO Network is completely transparent and autonomous whereby no single entity controls the verification process.

  2. Trustless - By using blockchain technology, XYO Network eliminates the need for trust by making all transactions transparent, decentralized and secure.

  3. Identityless - XYO Network introduces a cryptographic method called Proof-of-Origin, when combined with zero-knowledge proof, protects the privacy and safety of its network users.

So, why XYO Network?

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Location based services (LBS) grant users access to relevant information, which means the future of LBS depends greatly on the accuracy and privacy of the location data. According to a survey conducted by PEW Research in US, the most popular activity carried out by mobile phone users require the use of location data.


This shows that there is certainly an untapped opportunity for advertisers, apps, publishers to create value from location services.


For Pokémon Go players, you should be familiar with the in-game purchase item called “Lure” that when deployed, spawn more pokémons over a period of time. Many businesses have applied for their shops to be a “PokéStop” and leverage on the magic of “Lure” to get more foot traffic, and then use their creativity to turn them into a paying customer.

Apart from games like Pokémon Go, many shopping malls are also looking to provide the geo-fencing technology to push notifications of ongoing promotions to customers who enter the vicinity of their malls. All of these require the use of location data, but there still remain hurdles to get a user to turn on their location services.


Majority of the mobile users are concerned with their privacy been intruded when they share their location data. With XYO Network, this will not be an issue because your identity is always a secret. It’s based on a set of cryptographic mechanisms — Proof of Originand Bound Witnesses. For more technical details, you can read up their white paper here: https://docs.xyo.network/XYO-White-Paper.pdf


49% of the mobile users surveyed by Skyhook, mentioned that they are looking for accurate location that the current GPS solution cannot provide. In XYO Network, the XYO Tokens are used to incentivize the desired behavior of providing accurate, reliable location heuristics. XYO Tokens can be thought of as “gas” needed to interface with the real world in order to verify the XY-coordinate of a specified object. The XYO Token model incentivizes the miner to not just provide accurate data, but to also know when to not provide data at all.

The XY-Team

We have seen the boundless possibilities of XYO Network been used in the real world scenarios. The potential is unlimited and can be applied to Hospitals, Airlines, Rental Car Agencies, and Insurance Agencies of today to the Drone Delivery Systems and Autonomous Driving Cars of tomorrow. But how can we be assured that XYO Network is a dream that can be realized? At the end of the day, it all depends on the team.


Since 2012, XY has been building the world’s most advanced location-based network that uses real-world data patterns provided by their consumer business in the Bluetooth-GPS findables market. They have one of the largest networks of Bluetooth and GPS beacons in the world, and has now been integrated with blockchain technologies leveraged by the XY Oracle Network, a.k.a XYO Network.

As compared with other ICOs, XYO has the most papers ever written. They have a technical white paper that outlines how the XYO Network works, the components & protocols involved and the cryptoeconomic incentives underlying the network. They have a red paper that addresses potential security risks involved with the XYO Network and provides safeguards to protect the network. They have a green paper that talks about the business primer and token economics. Last but not least, they have a pitch deck! Yes, a pitch deck that summarizes all the important points for potential investors. For those tl;dr people, they also have a one pager and executive summary. All these documents can be found at https://xyo.network/whitepaper/

With all the effort, we can be certain this is not just a dream. In just six years, the team has already created an infrastructure of 1,000,000 devices that have been distributed throughout the world via XY-Findables. They have proven themselves as the subject expertise where most location networks fail to even reach this phase and attain the critical mass necessary to build out an extensive network. You will find more information about the team here: https://xyo.network/team/

XYO Token Main Sale

The XYO tokens will be up for sale this coming March 20th, 2018 and end on May 20th, 2018. The sale has a tiered pricing structure that starts at 1 ETH = 100,000 XYO and maxes out at 1 ETH = 33,333 XYO. Details regarding the volume and time based pricing structure will be announced soon. All unsold and unallocated tokens will be burned after the token sale event. So come, join us today!

For more information, please refer to the following

Company website: https://xyo.network/

ICO date: 20 March

Whitelist: https://app.xyo.network/wl

Twitter: https://twitter.com/XYOracleNetwork

Telegram group: https://t.me/xyonetwork

Bounty Thread: https://bitcointalk.org/index.php?topic=3053801.0

Author details:-

Fb profile link.    https://facebook.com/vivah.sathi.98

Reddit https://www.reddit.com/user/managavep

Telegram channel :.   t.me/airdropalerts2

Medium :-.  https://medium.com/@p.managave

Twitter.    https://twitter.com/p_managave

Bitcointalk profile https://bitcointalk.org/index.php?action=profile;u=1852779

Visit us on www.atgnews.com for latest cryptocurrency news, airdrop, bounty program 

My ether wallet address


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