You’re waiting patiently for the latest tech gadget you ordered online as a gift for your partner’s birthday, until you get the email that it’s shipped. Suddenly, you get to track its movement, every check-in at facility, and even see an estimate for when it will happily be placed on your doorstep. You can’t wait.
Suddenly, you realize that the ETA has come and gone. No package. You check your email, and the package has been stuck in a facility three states away for FIVE DAYS. What is happening?! Your partner’s birthday is in two days, so you buy another…
Welcome to the XYO Token FAQ article! We get a LOT of questions about XYO Tokens, ranging from “What’s an XYO Token?” to “How many XYO Tokens can I geomine on a rainy day in Nebraska if Bitcoin is down 25%?”. If you’re new to blockchain technology, cryptocurrency, and utility tokens, (there’s a difference, believe me!) that’s ok! We’ll try to cover the most common questions we get, from A to Z, and newbie to pro.
Here’s a quick list of the FAQ we’ll go over:
After making it off your late arriving flight, you’re running to your next flight, which seems like MILES across the airport. You drag your carry-on luggage through hordes of holiday travelers. Yanking out your phone only to discover it’s died on the travel to your next gate, you nearly fall over trying to scan your printed boarding pass, and barely make it to your squishy middle-seat.
Once you arrive at your destination, you wait for your luggage. Ten minutes. Thirty. An hour. A new group of travelers arrives and your luggage still hasn’t magically appeared from the conveyor belt. You…
What are Sentinels?
Sentinels are location witnesses! They can observe data heuristics, like location, temperature, elevation, wind speed, etc! Right now, our XY Sentinels can simply report a location on a map. However, future developers and companies can add our SDK (Software Development Kit) to their devices, make them XYO-enabled, and potentially add more data to a Sentinel’s individual ledger.
For example, imagine a smart car that can report traffic increases, or current speeds on the highway! A smart watch that could report human heart rates in a certain location, or a shipping container that can detect the temperature of the goods inside…
In a world that increasingly prioritizes anonymity, privacy, and data curation, it is only natural that someone would be curious to know what kind of data is being collected when XY Sentinels perform a Bound Witness. Is it personal information? My own location or the location of other objects?
Larry Smalheiser, our Head of Communications, often has to explain the XYO Network to curious people, and here’s a great quote of his:
When any two nearby beacons (Sentinels) come into proximity, they do a handshake (like taking a selfie) of the mutual location verification. Then when they come back into…
XY Bridges pushes the data your XY Sentinels collect to Archivists. You can think of it as a bridge between your verified location data and the large pool of data that Archivists store! The data is stored until a Diviner asks a question, and will check with the Archivists to see if any data matches their needs. If the locations that your Sentinel recorded help answer the Diviner’s question, then you’re in luck! You’ll get paid in XYO Tokens.
Ultimately, an XY Bridge is what connects your unique locations to the greater XYO Network. Without a bridge, you could still…
What are Sentinels?
Sentinels are location witnesses! They can observe data heuristics, like location, temperature, elevation, wind speed, etc! Right now, our XYO Sentinels can simply report a location on a map. However, future developers and companies can add our SDK (Software Development Kit) to their devices, make them XYO-enabled, and potentially add more data to a Sentinel’s individual ledger.
For example, imagine a smart car that can report traffic increases, or current speeds on the highway! A smart watch that could report human heart rates in a certain location, or a shipping container that can detect the temperature of the goods inside…
Yes! We’re working on creating the XYO Network App, which will allow users to Geomine straight from their phones!
Right now, the app is in Beta, and available for Android devices. You can get it on the Play Store.
When will the iOS app be available?
We’re hoping to have an iOS version by Q1 2019. iOS tends to be a little slower because Apple places a lot more restrictions on the development of iOS apps!
Why do iOS apps normally take longer to be updated and created?
While Android is very developer-friendly, iOS and Apple tend to be more protective of their users’ interactions with apps. This means that it’s often harder to have apps run in the…
Will my Geomining Kit work in Texas? In Madagascar? In my car?
We get this question a lot, so we thought we’d make an article to help out!
XYO Geomining kits come with XYO Sentinels, which use Bluetooth Low Energy. This means that the devices can work anywhere in the world. The XYO Bridge just needs a connection to WiFi or internet, so as long as you have access to that, your XYO Bridge will work too!
Normally, users will place the XYO Bridge at home with their connection to internet, and then keep their Sentinels with them as they…
XYO Bridges pushes the data your XYO Sentinels collect to Archivists. You can think of it as a bridge between your verified location data and the large pool of data that Archivists store! The data is stored until a Diviner asks a question, and will check with the Archivists to see if any data matches their needs. If the locations that your Sentinel recorded help answer the Diviner’s question, then you’re in luck! You’ll get paid in XYO Tokens.
Ultimately, an XYO Bridge is what connects your unique locations to the greater XYO Network. Without a bridge, you could still…
XY — The Persistent Company
Our Mission: Create software & location-data driven devices to build a global data network focused on a human’s relationship to the world! https://xy.company/
