Today ICO’s are popping up everywhere but very few has a vision and a future.Nearly Half of 2017’s Cryptocurrency ‘ICO’ Projects Have Already Died because of lack of vision while only a few remains.
Refer Nearly Half of 2017’s Cryptocurrency ‘ICO’ Projects Have Already Diedby DAVID Z.MORRIS
I was very fascinated when I found the XYO website. “Hmm.. This project is too good to be a reality” i thought…
XYO Network brings Blockchain to the real world.
The XYO Network is blockchain’s first decentralized, trustless and secure Proof of Location organize. Because of its two one of a kind center ideas, Proof of Origin and Bound Witnesses, the XYO Network allows developers and smart contract creators to interact with the real world as if through an API.
“The need for a difficult-to-disrupt system to complement GPS has been well known for years. GPS is exceptionally accurate and dependable, yet jamming, spoofing, cyber attacks and other forms of interference appear to be growing in frequency and severity. This has the potential for devastating effects on our lives and economic activity.”
- RNT Foundation’s President, Dana Goward
XY Oracles “XYO” At a Glance
XYO Network — Crypto-location Oracle Network
XYO At a Glance
The great introductory video featured on the XYO Website sends a message, loud and clear: XYO means business. It’s not the average ICO your roommate has been harassing you about, nor is it a side Blockchain project looking for an easy way around VC funding. These are knowledgeable, professional and accomplished individuals with a well-penetrated product in the market. There is a clear vision, a stable business model, and a scalable strategy. More importantly, XYO leverages innovative in-house know-how and crosses — with ease and finesse — the bridge between ideation and prototyping.
From a technology perspective, here is what we need to know.
The Need for XY Oracles
The state-of-art in the location data industry was disrupted by the advent of the Global Positioning System network of satellites, aka GPS. Yet, this technology is far from being dependable, as was exposed by The Economist. The way Dana Goward — president of Resilient Navigation and Timing Foundation sees it is:
The need for a difficult-to-disrupt system to complement GPS has been well known for years. GPS is exceptionally accurate and dependable, yet jamming, spoofing, cyber attacks and other forms of interference appear to be growing in frequency and severity. This has the potential for devastating effects on our lives and economic activity.
This is where XYO comes into play. By applying Zero-knowledge proof to the location data, XYO builds a trustless, decentralized network of high-certainty data that is spoof-resistant all on its own.
The XY Oracle Network
The XYO network operates through four main components:
- Sentinels
- Bridges
- Archivists
- Diviners
Here is how the system works by design: Sentinels are the ones that collect location data then produce “temporary ledgers” with an accurate stamp of the data location. Then, it’s up to Bridges to relay this data from sentinels to Archivists while providing immutable Proof of Origin — the XYO proprietary consensus mechanism. Archivists then store the relayed information into distributed ledgers for Diviners to analyze. Finally, Diviners are the Oracles that generate answers to “queries” (the term used for any token holder inquiry, such as “where is my package”) and lock the process into smart contracts.
Use Cases and Disruptive Potential
The XYO Network has many use cases with an unprecedented potential to disrupt the location data industry. The most obvious one being e-commerce, where the Network can provide immutable proof that a package has been delivered into the customer’s home while tracking the package along the way. Combining this with the Ethereum smart contracts, the Network can automatically initiate payment when a package is delivered, saving both time and energy. It’s zero-knowledge proof at its best!
Other use cases encompass airline baggage tracking, cargo inventory, diamonds tracking, car rental tracking, and online review authenticity verification.
XYO Network is an innovation in the same level of Bitcoin and Ethereum
The XYO network is the most innovative and definitely, the most useful real-world blockchain application proposed so far. The only blockchain project which bridged to the real world.So XYO network could be identified as an innovation in the same level of Bitcoin and Ethereum.
“XYO Is The Newest Breakthrough in Blockchain Technology And Could Be Bigger Than Bitcoin and Ethereum Combined”.
XYO Network -Token Sale
The income of XYO token sale will be allocated for the long-term development goals of the XYO Network.
Token name-XYO
Type-ERC20
PreICO Price-1 ETH = 200,000 XYO
Price-1 ETH = 100,000 XYO
Hard Cap : $15 million
Whitelist-Required
Get whitelisted -Whitelist
The Papers
That’s right; the team puts forth many documents for the prospective users with different levels of technical detailing. The white paper is technical-oriented and makes for a 20-pages-read of exceptional quality. For marketing purposes, an overview document is also presented with an executive summary.
To focus on the token economics, the green paper dives deeper into the state and shortcomings of blockchain technologies today. It also provides insight on how XYO Network delivers viable and consistent answers to the location data space.
The quality of documents and the amount of effort invested is an excellent demonstration that this ICO is well set to go far. “Bon vent!”
The Team behind XYO
The XYO Executive Team
One of the strengths of the XYO Project is its team; versatile with seniority and expertise. You’ll find seniors like CEO Arie Trouw founder of XY Findables in 2012. There are also high-school grads like the naturally gifted Tobyn Jacobs bringing his hackers savvy to strengthen the stability of the product against spoofing.
The rest of the team is mainly engineers, business developers, and marketing experts. A key member is Scott Schepper, an excellent marketer and a keen professional in the startups’ ecosystem.
Another key member is co-founder Markus Levin, bringing his 15 years of entrepreneurial experience to the promising project.
There is also William Long, the brain behind the great “findables” products of the XY company.
History, Milestones and Road Ahead
- It all started in 2012 with the creation of XY Tech startup following a successful Kickstarter crowdfunding event.
- In 2013, XY launched Consumer-Facing B2B Location Brand for “Webble.”
- 2014 saw the birth of the Second Generation XY Product: “The XY2.”
- 2016 is when the third-gen product “XY3” established itself in the location data gadgets business. The startup was sec qualified with an A+ Securities rating.
- In 2017, XY Releases GPS Tracking Device: The “XYGPS,” The XY4+ Device, crosses the 1’000’000 products sold milestone. It’s also when XY Oracle network kick-started.
- In 2018, the plan is:
- In Q1 & Q2:
- to launch the first “XYO Token” to be used for smart-contracts to Access the XY Oracle Network.
- XY will complete the development of the XYO Testnet.
- In Q3 & Q4:
- XY will launch XY Oracle Main Network (”XY MainNet”)
- Release of the XYO Network API that enables smart contract developers to write contracts to interact with the XYO Network.
- Launch the sticker-based tracking product, the “XY-Stick” to enable retailers and e-commerce businesses to track their products in real-time. This will potentially mark the end of “Porch Pirates”!
XYO Network -Expert ratings
ICO Bench — 4 star
Coin funda — 4 star