XYO is based on the four main components: Sentinels (interceptor) Bridges (extender), Archivists (mass storage) and Diviners (question aggregator). Each of this device is connected to the network of oracles. How does it work? Let's take a closer look.
First of all, Sentinels collect location's data in the real-time. Then the Proof of Origin is created on its base. Secondly, the Bridges will gather data, which were collected by Sentinels, and сreate the chains of the Proof of Origin. Also, they will open access for the next component of the XYO Network — Archivists. All data (which this component will receive) are served in the decentralized container. The last role belongs to Diviners. They receive the request from the user and will assert this information to the smart-contracts. Then, they will choose the best request and also assert it to the smart-contracts.
Furthermore, all user will buy tokens of the Network XYO. The platform has created its own cryptocurrency, which is called XYO. It helps to pay the work of all devices, which take part in the transaction. There are devices, which will take part in the process: Sentinels, Bridges, Archivists or Diviners. Of course, all investors may buy it during the ICO, which has already started. The public token sale has a tiered pricing structure that starts at 1 ETH: 100,000 XYO and maxes out at 1 ETH: 33,333 XYO. According to the White Paper, unsold tokens will be burned after the token sale. It means, that the price is more likely increased.
In which area people can use the platform XYO? The delivering of the package by drones is a sparkling example of its appliance. It will determine the address of the client without any mistakes. There are also useful for the E-commerce, medicine, and security.
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