The market

We've seen many potential and huge markets as well as crypto projects aiming at those. Yet that's not all since most of the fields I mentioned focus mainly on the digital world, especially online applications and platforms. What we didn't know is that the physical world economy market is even bigger. In fact, it's the biggest since that's what maintains daily life, providing the basic needs. It's the foundation for everything to grow. According to XYO Network's founding, the total location-reliant transactions are worth $50 Trillion a year. That's, honestly, the biggest number I've found when doing ICO reviews.

The problem

The problem here is the need for a better quality and quantity of location data. That type of data is utilized every second across the world and it plays a vital integral role in business planning and operations. It allows brands to gather real-world insights and subsequent location to deliver their messages to the right people in the right place at the right time.
Yet, the certainty and security of today location data are not absolute. One of the most useful technologies in this field is the GPS. It's the so-far most secure tool yet the dependence of our societies and economies on it is being threatened by the increases in the frequency and severity of the forms of interferences like jamming, spoofing or cyber attacks.

The XYO Network solution

The project's goal is to establish a decentralized crypto-location network backed by smart contracts on the Ethereum network that the world can rely on for autonomous, accurate and secure location data. Their platform would be a better alternative to free us from the current choice of the centralized GPS technology whose accuracy could be devastatingly affected, especially by security attacks via device spoofing.

The team has developed an ecosystem of crypto-location protocols and components called the "XY Oracle Network" (XYO Network), which leverage the strengths of blockchain technologies to enables trustless transaction and solve the short-comings of location technologies relied upon today - bridging the gap from digital to reality.
The project is opening up their network so that blockchain developers can interact with the real world as if it were an API via using public blockchains like Bitcoin, Ethereum, EOS, NEO, etc. Users will be given a chance to make transactions via smart contracts and pay for their activities using XYO tokens. Programmers can join them in making this happen and be a part of something great coming up to this world.

An important point I want to emphasize is that since 2012, XY, the company behind XYO, has been working on their location-based technologies to connect the digital world to the real world and built one of the largest networks of Bluetooth and GPS beacons in the world. And when the blockchain technology rose up as a novel and break-through tool to change the world, it caught their attention and they've been quietly developing world-class location protocols necessary to achieve their mission of building a decentralized location network and bringing the blockchain technology to the real world - making them linkable, programmable and accessible to the people. ---> That shows their experiences and competencies the project.

XYO Network Components

The XYO Network has four primary components: Sentinels, Bridges, Archivists, and Diviners. These four components enable geo-focused, consensus-building and trustless verification of location data. So it's like this, when you draw up a smart contract specifying a car to drive to an exact position with specific XY-coordinate, you can be 100% sure that it would be present that exact point for sure (except for sudden accident, I guess).
Hackers cannot interfere in the process to manipulate that data because the equivalent location signaling device is verified by thousands of Sentinels in the XY Oracle Network with the longest Proof of Origin chain (thus yielding greater confidence in the heuristics).

Sentinels

Sentinel components are heuristic witnesses - the location information takers. They observe heuristics and vouch for the certainty and accuracy of the heuristic by producing temporal ledgers. The most important aspect of a Sentinel is that it produces ledgers that Diviners can be certain came from the same source by adding Proof of Origin to them.
Bridges

Just like the name, Bridges are heuristic transcribers. They securely relay heuristic ledgers from Sentinels to Diviners. The most important aspect of a Bridge is that a Diviner can be sure that the heuristic ledgers that are received from a Bridge have not been altered in any way. The second most important aspect of a Bridge is that they add an additional Proof of Origin.
Archivists

Archivist components store heuristics in a decentralized form with the goal of having all historical ledgers stored, but without that requirement. Even if some data is lost or becomes temporarily unavailable, the system continues to function, but just with reduced accuracy. Archivists also index ledgers so that they can return a string of ledger data if needed. Archivists store raw data only and get paid only for retrieval of the data. Storage is always free.
Diviners

A Diviner answers a given question by analyzing historical data that has been stored by the XYO Network. To accomplish this, heuristics stored in the XYO Network must have a high level of Proof of Origin to measure the validity and accuracy of the heuristic by judging the witness based on its Proof of Origin. Given that the XYO Network is a trustless system, Diviners must be incentivized to provide an honest analysis of heuristics. Unlike Sentinels and Bridges, Diviners use Proof of Work to add answers to the blockchain. (TL;DR: used for data processing and analysis)

Use cases

eCommerce
Medical Care & Hospitals
Rental Car Agencies
Commercial Airline Luggage Logistics
Insurance Agencies
National Security (TSA) Agencies
Drone Package Delivery Systems

Social Media Presence

I consider their performances on Bitcointalk and Telegram as well as Youtube are fine enough.

Especially, their Github is well-updated - I like this part of their project since they actually prove their IT skills on this platform, which is visible to the investors for good preference.

For other social networks like Twitter, Medium, Reddit and Instagram, their performances are not really great. I don't care much about Instagram yet the rest are pretty important to build up a community in the crypto world since those platforms are quite crypto-related (You can notice most of ICO projects have good presences on them). Therefore, I suggest the XYO Network team improve their performances in this area.

Team

ICO Listing sites:

They got recognized on many ICO listing sites. Especially, the result of 4.0 out of 5.0 on average after 24 experts on ICObench is impressive to me. I've been assessing lots of ICOs, yet mostly the ones listed on ICObench come with just around 5-8 reviews or sometimes 10. To maintain such a high score like this after 24 reviews, I say they've got real competencies and potentials. Besides, their Founder & Architect - Arie Trouw and Co-founder & Head of Marketing - Scott Scheper have passed the site ICO KYC report (Learn more about ICObench KYC report here)

Token Economics — Token sale

Token symbol: XYO
Platform: Ethereum
Time: LIVE NOW (Ends on 20/05/2018)
Accepting: ETH
Price: 1 ETH = 100,000 XYO (After every transaction, the price of XYO increases in order to reward early project backers. Thus, depending on the time you enter, the sooner you buy, the better price you get)
Total supply: 24,158,373,684 XYO (Projected)
Token for sale: 39.3%
Sold amount so far: 713,731,171 XYO
Hard cap: 48,000,000 USD (Projected)
Minimum contribution: 0.5 ETH
Country of Origin: USA
Country excluded: USA
Whitelist/KYC: Yes (both)

ALL UNSOLD XYO will be burned forever. No new XYO Tokens will ever be generated. All future XYO will be earned through XYO paid to miners in exchange for them returning locational data to smart contract requests.

While most other ICO projects chose to go with the ICO hedge funds model resulting in a situation where one large entity could control much of the token pool, which makes no sense when the initial goal of cryptocurrency is the idea of decentralization., the XYO Network took another path. Their objective is to create a more diverse pool comprised of token holders. Therefore, they allocate only 39.3% for the public token sale while the other exact same amount is locked into a Cryptoeconomic Reserve via smart contract for every actual token sold in it. Inspired by the DAICO model from one of Ethereum's creators - Vitalik Buterin, the XYO Network team develop this Cryptoeconomic Reserve to have a mechanism that can be "tapped" in order to provide crypto economic incentives to network participants in the early years of the network's life if necessary in cases, such as:

Incentivizing Blockchain Developers to create DApps that interact with the XYO Network for location data
Incentivizing Operators of Sentinel Crypto-location Miners
Incentivizing Operators of Bridge Crypto-location Miners
Incentivizing Operators of Archivist Crypto-location Miners
Incentivizing Operators of Diviner Crypto-location Miners
Incentivizing XYO Token End-User Transaction Activity & Merchant Acceptance of XYO
Enabling Crypto-location Provider Diversification
Cryptoeconomic Subsidies for Crypto-location Miners For Deciding to NOT Compete in Location Queries
Incentivizing Artificial Intelligence in Diviner Components (Incentivizing Proof of Intelligent Work, Not Proof of Work)

For details explanation of those cases, you can visit this site

Out of the raised fund, they would spend mostly on Network growth, both in business side (with 40% of the fund for Marketing and Partnerships) and in IT field (35% for Engineering and R&D activities). Besides, the fact that platform operations take an account of 15% is reasonable.

Where and how to buy

GUIDE from the team: https://get.xyo.network/purchase/
To CONTRIBUTE please head to https://get.xyo.network/flow/

Please keep in mind that XY Tokens do not represent equity. They are utility tokens for the XYO Network. If you are interested in purchasing equity in XY Findables, please refer to their SEC qualified and regulated Reg A+ equity sale:
https://www.xyfindables.com/offering

Earning Token

For those who want to earn extra XYO tokens, the XYO Network bugs hunt bounty program is available for you (Click here to access). There are 4 standards for qualified vulnerabilities with equivalent rewards as follows:
Critical - $5,000 in Ethereum and $5,000 in XYO Tokens
High - $3,000 in Ethereum and $3,000 in XYO Tokens
Medium - $1,000 in Ethereum and $1,000 in XYO Tokens
Low - $500 in Ethereum and $500 in XYO Tokens

My thought

As for this project, I do like their website, it's pretty comprehensive and equipped with great visual graphics presenting their complex (and boring, haha) information and data contained in their whitepaper. So, as for this project, I suggest you all explore their website for better project understanding rather than looking at the intimidating paper. Actually, this is the intensest project I've met. There are so many new concepts and ideas to present and interpret such as Proof of Origin, Cryptoeconomic Reserve, etc. that I couldn't express all here (because it's too long and too much!!) yet that shows their seriousness in this project and increase the credibility in investors' eyes.

For the project potential: Just imagine how far self-driving car study and package-delivering drones can grow as well as how integrated and advanced that future smart cities could be when their algorithms are fed with the location data provided by XY Oracle Network. You do the math at how its value would increase.

Disclaimer: Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities.
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[ICO Review] XYO Network - Blockchain to the Real World