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What is XYO Coin? Complete Beginner’s Guide

The world’s first Decentralization Crypto-location Trustless Oracle Network.

The XYO network introduces a source of location data that does not originate from a centralized system,but instead from a vastly distributed network of interconnected devices that can deliver the data that location-based smart contracts require for execution.

XYO is a trustless cryptographic location network that enables layered location verification across many devices and protocols. The network utilizes a cryptocurrency called XYO to function.

The XYO Network is a project launched by a company called XY, which has been around since 2012 building location technology solutions for autonomous drones, self-driving vehicles, smart cities, and space exploration.

How does XYO Network work?

The XYO Network has four primary components:

  • Sentinels are location witnesses. Sentinels gather location information via sensors, radios, and other means. Bridges take this data from Sentinels and provide them to Archivists.
  • Bridges are location data transcribers. They securely relay location ledgers from Sentinels to Archivists.
  • Archivists store this information for Diviners to analyze. Diviners analyze location heuristics from Archivists in order to generate answers to queries and assign accuracy scores to them.
  • Diviners are the most complex part of the XYO Network. Diviners analyze location heuristics from Archivists in order to generate answers to queries and assign accuracy scores to them.

What is XYO Token?

(XYO) is a cryptocurrency token and operates on the Ethereum platform, XYO has a total supply of 14.198.847.000.

XYO Token Specifications

• Smart contract platform: Ethereum • Contract Type: ERC20 • Token: XYO • Token Name: XYO Network Utility Token • Token Address: 0x55296f69f40ea6d20e478533c15a6b08b654e758 • Total issuance: Finite and capped at the amount reached after the Token Main Sale

How to buy XYO Coin?

XYO can be purchased with bitcoin (BTC), (ETH) or USDT

Step 1 Register account on Kucoin
KuCoin is the most advanced and secure cryptocurrency exchange to buy and sell Bitcoin, Ethereum, Litecoin, TRON,XYO and much more.

Step 2 
Your trading pair is shown in the top left of the screen, and you can hover over it to see the various options. Click the ETH section to show the ETH pairs, and select the XYO/ETH pair.

Once updated, go to the order box “just under BUY button , and enter your 2FA code to unlock the trading area. KuCoin lets you set the desired price, and the amount that you’d like to buy.

Step 3 
After you decide on a price, all you need to do is type how much XYO you want! Once set the amount , click Buy! And that’s it, you just bought your first XYO!

You can send your XYO to any ERC-20 compatible offline wallet, like MetaMask, Trust, or MEW.

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