Hi there! My author request was just accepted yesterday so I'm making my first post now! Here's a bit of a rundown of what I will be covering in my future posts:
My experiences as a new face in the crowd. Geomining with the COIN app. Using the Pi Network app. Our Crypto Nerds Discord server and our Crypto Nerds Website.
What Is XYO?
Well, in short, XY Octane otherwise more commonly known as XYO, is a Cryptocurrency that was founded in 2010. It's a part of a decentralized location network. XYO is a Cryptocurrency that at the moment cannot be traded or bought, only mined with their COIN app that was recently launched in 2019.
How Do I Get It?
Well, in order to get XYO, you need to be using an app called COIN. COIN is an app available on Android and IOS and uses what is known as Geomining.
If you are familiar with the popular mobile game called Pokemon Go, the COIN app kind of works like that.
You can walk around or move up to speeds about 37 to 40 mph (59.5 to 64.3 kmh) and still be able to use the app. Instead of say, catching Pokemon manually, you click a mine button and it "catches" or Geomines tokens from a tile. Think of a tile as a spawn in area. Tiles have a cooldown before you can mine them again but you can play a quick minigame to refresh this cooldown. Most of the time you will be mining under 1 token but you can mine 1 token or more. If you get really lucky, you can hit the jackpot and mines hundreds if not over 1 thousand tokens in a single mine, although it is quite rare.
Once you hit ten thousand (10,000) tokens, you can transfer it all into a separate wallet to hold.
As of now you cannot currently buy, sell, or overall trade XYO. Most likely you will be able to trade XYO once the developers make some more progress.
Well If I Can't trade It Then What's The Point?
You may be wondering what the point of mining XYO is if you can't profit off of it right now. Well, let me tell you. Just because (at the time of writing, 9/30/2020) XYO is currently worth $0.000427 USD with an increase of +5.55% in the last 24 hours, doesn't mean it won't be profitable. If you can get your foot in the door with a decent amount of coinage, when XYO is fully developed and prices evitably spike (seeing as everything follows a lock-in system) once COVID-19 passes, even if you just have a base of 10,00 coins worth $0.000427 USD. If XYO goes up to even a single U.S dollar, you will make just over $10,000 USD. If you have significantly more than that, the money you could make would be life-changing.
Well, that's it for this one. Thanks for sticking with me!
