Everybody loves the Blockchain because it’s decentralized, trustworthy, no middleman included, and revolutionary. If you take all these and wish there was some way location services would be connected to the Blockchain, look no further! XYO Network’s mission is “to enable smart contracts to interact with the real world as if it were an API”, hence XY Oracle Network (XY coordinates, genius!). How great is that?! The source of location data is no longer from a centralized server, but a vastly distributed network – the beauty of decentralization. The location-based smart contracts, however, require data to perform, and the data is delivered by many interconnected items.
Smart contracts? Oh, yeah!
Contracts that are smart! Really now, they are computer programs meant to transfer digital currencies or assets, obviously under clear and well-defined conditions. What’s more is that they are verified by oracles, making it all so easy to be trusted. They are developed to revolutionise the way we look at the business world, the way we do business and finally, what we think of “business” at the core. By making it all easy to trust, not needing to sign hundreds of contract pages with all possible risk decreasing clauses, there are no middlemen involved anymore. No third-party contracts, no institution we have to rely on for having the assurance that the terms of an agreement are met.
Due to the exposure to centralized authorities present towards attacks, interference and failure, they are seen as not ok to be trusted, not viable data sources. Human interactivity is growing day by day, social media is at its peak, and the success of evolution here lies in how verifiable and accurate the contract data is.
XYO Token (XYO) – your way in
There is a way you too can take part in this, and that is by getting your hands on some XYO Tokens. The sale starts on May 20th, and all tokens that remain unsold at the end of the sale will be burned. The developers of smart contracts can use the XYO Token to access the XYO Network. You can now rely on consensus-based truth, without the need to trust in centralized authority! The whole system is a web of interconnected devices that work together to provide the needed solution. The token is what is at the core of the system, together with the amazing blockchain tech and the crypto economics, of course.
And who’s behind XYO Network?
Well, the successful company XY Findables that has been building and carving and forming this revolution for five years now. It incorporates the data received from over a million location-aware devices that are actually being used all over the world. Everything has already been fully envisioned, defines and now in the works, and it leads to a beautiful infrastructure that works to maintain everything up to date with full accuracy and clarity.
Still not sure about it? Head over to Website, Telegram group, ANN Thread, Bounty Thread and be enlightened, impressed and convinced: it’s the bridge between today and the future, it’s the path to tomorrow, and it’s the answer to needs that have not even been acknowledged yet. Go on, now!