Couple centuries ago people used stars to specify their localization. Next change came with the inventing of the compass, what brought to the great discoveries. Nowadays with the GPS device, it’s possible to find the way even in the middle of nowhere. But just connecting GPS devices into the net and involving the blockchain, can bring localization to the higher level. Let me introduce you: XYO Network.
XY is an already existing company specialized in tracking devices connection. Thanks to their GPS nets, Bluetooth usage and own data precede, they can track the object even 100 times more precisely, it is possible with the singular device. Besides, XYO Oracle Network promises better security of their net from cyber attacks, spoofing and other forms of interference than analogue GPS structure.
With XYO ecosystem, it will be possible to track a geo-localization of smart contracts transactions and confirm them basing on this knowledge. It doesn’t make sense to enumerate all the benefits coming from this, it will be enough to point out the transaction safety increasing.
To achieve t these goals XY Oracle Ecosystem was constructed on 4 components: Sentinels, Bridges, Archivists and Diviners. Their exact functions you can check below:
There is an interesting token usage and mining scheme the XYO team wants to use on their platform. Details below:
Website and whitepaper
Sometimes I have an impression that team had put so much efforts into their product, that they don’t have many capacities left for the marketing. I would say that this is XYO Network Case. Quality of promo and PR materials is far from being perfect. In the whitepaper, besides technical details, it’s impossible to find any useful information about tokens, deadlines and any other things investors might be interested in. I won’t mention about all nice looking stuff like for example graphic or table of content. However, XYC team saved the situation in adding additional papers like:
red (https://docs.xyo.network/XYO-Red-Paper.pdf ),
green (https://docs.xyo.network/XYO-Green-Paper.pdf ),
deck (https://docs.xyo.network/XYO-Deck.pdf ),
technical one-pager (https://docs.xyo.network/XYO-Technical-One-Pager.pdf)
and summary (https://docs.xyo.network/XYO-Executive-Summary.pdf ).
I guess I was not the only one complaining about the Whitepaper:)
Nevertheless, there is still much time until the ICO finish, so there is a time for a video presentation and hype development. Of course, there is also another possibility, that marketing is not needed cause all tokens will be sold among the befriended investors. However, this case won’t promise the token price increase and in the final results also leads to the collapse.
If you want to have a general impression of the project and you are not much into the technical data I could recommend you, even more than whitepaper to read this document: https://docs.xyo.network/XYO-Deck.pdf
From the things I do really appreciate on the website, I have to point out case studies. Well described examples of XYO ecosystem usage, allow to realizing the real need for better localizing solutions.
Below a case study from e-commerce field: https://docs.xyo.network/UseCase_eCommerce.pdf
All of the cases you can find here:
https://xyo.network/whitepaper/
Token
XYO token is based on ER20 protocol. Nevertheless, team doesn’t exclude preparing own native token for the platform development.
I couldn’t find the token allocation, although I found how the proceeds from the token sale usage. 40% will be used for a network growth and marketing partnership. 35% will go on engineering, 15% on XY Oracle Network Platform Operations, 5% Overhead and 5% will be dedicated for supporting Etherneum Projects.
Hype
I was complaining about the PR materials XYC prepared (if you’re not a techie it can be tricky to understand the concept idea), but I can’t say a bad word about the community project collected. Below, some numbers:
Telegram: 7456 members.
Twitter: 3289 followers
Facebook: 3569 fans
Of course, for a project with the ambition to collect 48 million USD, numbers are not impressive. But I still see some perspectives ahead.
Besides, XYC is listed on main ICO listing pages. Also gained some attention from the media (still much to work on, but there is still some time left).
Team
Team own introduction
The team has already an experience in the leading XY company. Consists of experts from net architects, blockchain engineers, PR and marketing specialists.
Besides, the team project attracted a wide range of advisors, mainly specialized in blockchain technology, security and online advertisement.
PROs and CONs
PRO:
Strong team
Clear vision and further strategy
Field with not much competitors
CON:
PR. I didn’t have the impression that PR team has a clear strategy how they want to promote the product. It rather looks like that every new person coming to the team tries to fix mistakes the previous one made.
Middle size hype (too small community to collect 48 million hard cap, especially in this difficult times for crypto)
Mess with the papers, no clear information about the tokens and project. For example, there is a different information on the website and in the deck paper about beacons numbers, once it’s 1 mln. in another place 800 k. Either the number had increased so much, or team is not so attentive to the details.
Website:
Papers:
https://xyo.network/whitepaper/
https://docs.xyo.network/XYO-Deck.pdf
XYO Network ICO will last until 19th of May.
Social media:
https://www.facebook.com/xyonetwork
https://twitter.com/XYOracleNetwork
Disclaimer: this is NOT investment advice. This is purely my opinion, based on facts found on the project website, whitepaper, social media and etc. Please do your own research and decide if it qualifies with your risk profile.
Anna Hare
You can find me here:
https://bitcointalk.org/index.php?action=profile;u=1754481
Twitter: @44_crypto
FB: anna.hare.353
Valuer: RuthNews: http://ruth.news/ru/team
