XYO is a platform focuses on cryptolocation and how to deliver an accurate data. A platform focusing on location data management and the information is very rare. Not to mention that the technology is believed to be costly and difficult. But this platform is about to prove that such technology is doable and even possible. Combined it with the XYO network token as the main drive, and you can get yourself the newest location technology with accurate data.
Not many people are aware of the cryptolocation technology, so here is an example to make it easier to understand. Let’s say that you are a buyer in an eCommerce environment and you have just bought something. You may be able to track it down with the regular tracking number (you generally get it from the postal or shipping service) but such a tracking service doesn’t give the exact details that you need. You can make use of this XYO service to get the detailed info.
By simply inquiring, “Where is my package with the tracking number xxxabc123?” and your inquiry will be then sent to the network for further processing. During this stage, you can set up the budgets – of how many XYO network tokens you have. If you have a relatively limited token, the information is probably not as accurate as you have expected because the limited tokens will limit the activities of each element in the network. However, if you state that you are willing to spend many tokens, the information may be detailed. The numbers of cost or gas price for the activity depending on the activity of the elements. If they are busy and they have to work in a detailed manner, then the cost will be pricey.
As it was mentioned before, the token will be used as the main drive – the fuel that activates all the features and functions of the platform. When users inquire about a service, they will be using the token and the token will be then distributed among other elements, namely the Bridges, Sentinels, Diviners, and Archivist.
However, most investors should know, if they want to boost liquidity and utility, they should use the token instead of not using it at all. It will encourage activity and increase value. If investors think that they can actually gain something by being inactivity, then they do it all wrong. After all, users are encouraged to use the token. The more often they use the platform, the better their outcome will be. The platform is operating with a smart contract so every activity will be recorded.
In the end, the cryptolocation is probably a concept that not everyone is familiar with. But if we are referring to the future application, you will see that such a technology can be pretty handy. Those who are interested in the idea can always take part during the XYO token sale period.
