XYO NETWORK BLOCKCHAIN JUST ENTERED THE REAL WORLD

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Foto XYO Network.

With the advent of blockchain-based, trustless smart contracts, the need for oracle services that arbitrate the outcome of a contract has grown significantly. Most current implementations of smart contracts rely on a single or aggregated set of authoritative oracles to settle the outcome of the contract. In cases where both parties can agree on the authority and incorruptibility of the specified oracle, this is sufficient. However, in many cases, either an appropriate oracle does not exist or the oracle cannot be considered authoritative because of the possibility of error or corruption.

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.

The goal of the XYO Network is to create a trustless, decentralized system of location oracles that is resistant to attack and produces the highest certainty possible when queried for available data. We accomplish this through a set of abstractions that greatly reduces the risk of location spoofing through a chain of zero-knowledge proofs along the components of the system.

XYO Token Economy 
Oracles stand as a significant portion of the power and infrastructure needs for decentralized applications, with most of the focus revolving around the connectivity and aggregation of authoritative oracles. We believe that the need for a fully decentralized and trustless system of oracles is needed for decentralized applications to reach their maximum potential.

XYO Network Cryptoeconomics
We use XYO Tokens 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.

Incentivizing Token Usage
A system in which token holders are encouraged not to use their tokens creates a long-term problem for the underlying economy. It creates an ecosystem with very scarce stores of value and triggers a natural impulse to invent reasons for not using the token, instead of boosting utility and liquidity.

XYO Token Specifications
The public token 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 our volume and time based pricing
structure will be announced soon.
• 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.
• Projected XYO Token Cap: $48 Million 
• Unsold and Unallocated tokens: Burned after the token sale event. No further XYO tokens will be generated after the Main Sale ends. 

MORE INFORMATION 






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