XYO is a token created on Ethereum Blockchain whose transaction takes place from one peer to another without involvement by the government thus is being considered to be a decentralized asset. XYO was created to enable users to be able to earn XYO coin while geolocating a place. It favours mostly professionals in the field of the transport sector, tourism sector, security sector and many more. In the transport sector, it enables taxi drivers to be able to identify where their clients are as well as to easily drop their clients to the right destination. In the tourism sector, it enables the tourist to be able to locate different tourist destinations while in the security sector it is able to track stolen digital tokens from hackers.XYO coin are created by a special device called Geomining kit that is composed of XYO sentinels and the bridge component.
XYO transaction
XYO transaction takes place on the ethereum blockchain explorer based on block height and timestamp.To view how the transaction takes place, simply follow the link below;
https://etherscan.io/token/0x55296f69f40ea6d20e478533c15a6b08b654e758
Date Launched
XYO coin was created in 2019 with the main objective of allowing easy location of different places all over the world. In the transport sectors, drivers can easily trace the place where they want to take their passengers to while in the security sector especially in digital coins, stollen coins by hackers can easily be traced.When the location is being verified, users are being rewarded with XYO coins in return.
Founder Of XYO cryptocurrency
XYO coin was created by Scott Scheper with the main objective of making it become a geomining coin, that is proof-of-location. Therefore, Scott wanted geographical locators to earn some XYO coin while trying to locate a certain region of the world.
Process of creating XYO cryptocurrency
XYO coin is a proof-of-location token. Being a proof-of location, it is therefore created through the geomining process when users are trying to locate different geographical location. In the geomining process, there is a geomining kit that is involved in creating the XYO coin. The geomining kit is composed of the XYO sentinels and a bridge component.The XYO sentinels will enable one to create different locations related to XYO network while the bridge component allows you to share those different collected locations to the XYO network where they are being stored at Archivists for future reference. When a certain stored location in the XYO network is being verified by Diviner, you will be rewarded with XYO coin and the process continues. You can also stake some XYO coin to earn some interest based on your staking. Follow the link below to start staking some XYO coin
Maximum circulation of XYO coin
The maximum supply of XYO coin in the Ethereum blockchain network is expected to be 14,000,000,000 upon completion of its proof-of location process.
XYO Price
Currently, 1 XYO is worth more than $0.00068 and its price is expected to increase over the next period of time. XYO is being abbreviated as XYO.
Converting my XYO coin to other cryptocurrencies
To convert your XYO to other cryptocurrencies such as bitcoin and ethereum, you need to have a cryptocurrency exchange account. If you don't own one then you can follow the link to open a cryptocurrency exchange account for easy conversion of your XYO to bitcoin or ethereum.
https://mercatox.com/?referrer=31442
Storing my XYO coin
To store your XYO coin, you need to have an Ethereum address supporting ERC-20. You can use meta mask or my ether wallet. Never store your ERC-20 in exchange unless you are trading them. Never use an exchange Ethereum address to receive your XYO cause you will never receive them because those addresses do not support ERC-20. You can safely store your XYO coin on oflline wallet. You can use ledger Nano wallet.
Transferring my XYO to other Users
If you want to transfer your XYO to another user, the two of you must have trust in each other. The trust should be the XYO address provided for the receiver while the sender must have the XYO balance in their account to send to the receiver. For the sender, a blank space to insert receiver address and another blank space to insert the amount to send to the receiver is indicated. Here is how it looks like;
Knowing more About XYO
If you feel that you need to learn more about XYO cryptocurrency, then you can follow them on their site. Here is the link redirecting you to XYO website
Now that you know, I think that it is time for you to start earning some XYO coin by geolocating different places. If you feel that I should also own some XYO for helping you to know about it then here is my XYO address compatiblr to ERC-20.
0x829a03ca847DD1Cbf1E4fc102337787B2e28800c
