I've heard a lot of people complaining about the exchange rate from the COIN app to XYO tokens.  What I've been hearing most often is "I used to exchange 10,000 coin for 25,000 XYO and now I only get around 150 XYO per 10,000 COIN!  It sounds awful on the surface, but lets look at what is really happening!

If you are not familiar with the COIN app, please check it out through my referral link: https://coin.onelink.me/ePJg/7058edd3 and consider joining up.  The Basic account is free and you can request a SentinelX NFC to mine COIN at a higher rate while still using the Basic account.  I would shy away from the paid subscriptions, aside from the Lite account which I talked about in an earlier blog post, unless you drive ALOT!  

Anyway, back to the exchange rate.  as a long term miner and hodler, I remember the days of the 2.5:1 ratio of XYO/COIN.  I also remember that the XYO token was not tradable outside of Kucoin and was worth only a few thousands of a cent!  Today, XYO is currently trading on multiple exchanges, the most notable is Coinbase (#68 in popularity) and is trading around the 4 cent mark!  The COIN/XYO ratio is based on the rolling average price of XYO over the last three days trading.  Remember that XYO is the actual token of value, not the CON generated by mining, this is the way COIN rewards you for your geo spatial data.  The reward comes when you cash out your coins mined for XYO tokens.  Since the exchange rate is based on the price of XYO, you expect the XYO/COIN yield to decrease as the price of XYO rises and this is exactly what is happening.  It is actually a GOOD thing since that means our token value is increasing.  As to yield, the rule thumb is simple, 10,000 COIN is equal to 5.00USD IN XYO, thus the number of XYO per coin changes based on the price of the token.

I will say this, ETH fees to convert COIN to XYO are ridiculous at the moment but that is not the fault of COIN app or XYO, that is the price of using the ETH network for the transaction.  This is the biggest problem with XYO token yield from COIN at this time.

Anyway, Just a quick note on the exchange rate of COIN/XYO, the rate is the same (10,000COIN= 5USD of XYO tokens) as it has always been but due to the increase price of XYO, it looks like less.  The actual loss is from ETH gas fees and those are out of control of both the COIN app and the XYO Lab.  As always, this is by no means financial advise, just observations of a cool project!  Thanks to my followers, tippers, and folks reading my posts, Crypto on!