About a month ago I discovered the existence of XYO-coin, some of the readers will perhaps say "finally", because the project has started for 10 years now.

XYO-coin is the cryptocurrency developed by XYO-Foundation and is based on the ERC-20 protocol. the project started in 2010, but only from 2017 that the XYO network was founded. Since then it is possible to obtain XYOs through geo-mining! To do this it is necessary to download the COIN APP developed by XYO-Foundation.

How does it work?

By sharing our location, we generate data which is recorded by XYO-Foundation. The data we generate is recorded anonymously, so as not to compromise the privacy of users. In exchange we get tokens (COINs) that can be used to obtain XYO, Bitcoin or Ethereum (it is also possible to obtain items from the XYO Foundation, such as a PlayStation, t-shirts or other). Each item we can get has a COIN cost.

To get our crypto we need to validate an ERC-20 wallet (I use MetaMask) to withdraw XYO or ETH or a wallet that supports BTC.

The advantages of this app are that each of us can generate cryptocurrencies based only on our movement, for example for me going for a run generates 200-300 COINs more every day and this pushes me to always run a little more and a little farther. Moreover, you can start geo-mining even without spend a single satoshi! The cons are that, unless you subscribe or use a validation device, the COINs generated are very few.

How much is it worth on the market?

Currently the price of an XYO is 0.000491 USDT, the price is like that of a year ago, but if you look at it since mid-2018 its value has dropped more than 10 times. With a quick look at CoinGecko we can notice 2 fundamental things: the first (negative) is that there is a large amount of XYO circulating and this has an inflation effect that lowers its value; the second (positive) is that the price in the last year has remained constant, but the amount of XYO traded has increased significantly since the beginning of 2020 (as can be seen from the graph).

My considerations 

From these considerations, I think that XYO will not make any of us rich (neither I who write, nor you who are reading me), but it is certainly a project at the beginning that with a little investment of time and energy, could allow to have some little extra income.

If you liked my post and want to see the app, this is my referral, use it to start with already 1000 COINs (not like me who started from scratch).