The aspiration to safety is one of the primary human instincts. Desire is permanent to be near the with relatives, friends and loved ones, to care for them - naturally as and desire to keep all spheres of business and life under control continually. Unfortunately, it is impossible always to be near those whom you love, but to keep everything under control – quite. The XYO Network will help us in this.
The XY company was created in the USA more than six years ago and specializes in the creation of devices of geolocation. Now the company decided to keep up with the times and transform into blockchain platform. The XYO network built on the existing infrastructure more than 1 000 000 Bluetooth and GPS devices allowing consumers to place the tracking beacons on things which they want to track. The tracking beacons are devices which met only in an arsenal of intelligence agencies earlier bbut now become available for solve many problems in everyday life. The XYO technology very helpful and will be used to all spheres of life.
The XYO Network is made up of four primary components: Sentinels, Bridges, Archivists, and Diviners. These four components will to check of location data and also will serve as a basis for the ecosystem of connected devices that enable layered location verification across a large volume of various classes of devices. This network makes it possible to determine if an object is at a specific XY-coordinate at a given time. At the core of the XYO Network’s four components is a real breakthrough in security, called Proof of Origin.
Probably now you ask a question how it is possible to use XYO? Many situations of daily life can be solved or significantly simplified if we will use this unique network:
Most people who have a pet are tightly attached to it and even perceive it as a full-fledged family member. Unfortunately, are not uncommon cases when pets can become lost for one reason or another. For loving owners it real grief and they are ready would give everything for to get the animal back home as soon as possible. Statistics are as follows: if the animal not found within 24 hours, then with every follows hour the chances will be less. A pet can freeze, get under the car, or someone will decide to leave it for themselves. Tracking geolocation is the only way to return your pet in a home. The XYO technology will not let your pet get lost. This technology, by the way, can also be used for farm animals.
How will this work in practice?
Whenever the device in XYO network interacts with other XYO network device, it registers this interaction. By checking these data of interactions, it is possible to verify with the high degree of confidence that specific interaction happened at a specific time in a specific location.
For example, imagine that your dog Jack wears XYO Tracking Device that is also an XYO Network Sentinel, and which keeps a record of any XYO Network devices which Jack interacts. The monitor that reads information from Jack's XYO Tracking Device, is also a Sentinel. It logs Jack's of movements during walks as heuristic data, and the communication between the two devices minimizes the probability of loss of your four-legged friend. The monitor also serves as an XYO Network Bridge, reporting and archiving the blockchain ledgers of any Sentinels it interacts with. Diviner, in this case, is a dog owner, who gets access to information for the check of requests of location.
It is only one of the examples of possible use of XYO in everyday life. However, options of application are boundless:
Via the XYO Network’s Web App, users can instantly submit queries to the XYO Network by specifying the public address of the object they wish to track (i.e. a vehicle, pet, luggage and more).
Thus, already today the idea that the XYO team is developing is the most ambitious in the world and one can boldly say that the project will be in demand 100%.
All components of the XYO Network are incentivized through the awarding of Ethereum-based ERC20 XYO Tokens. When a user submits a query through the XYO Network, they spend XYO Tokens based on the request’s priority and complexity. These tokens are awarded to the Diviner which provides the Best Answer, the Archivists which stored the information used to generate this answer, and the Bridges and Sentinels which provided this data. In this way, XYO Network are components are rewarded for their participation in the Network and incentivized to provide reliable and useful data.
ICO
The sale of tokens started on March 20 and will continue until May 20.
Price of the token: 1 ETH = 100,000 to 33,333 XYO (closer to the end of the ICO price will increase)
The total number of tokens for sale: 100,000,000,000
All not sold tokens will be burned.
For those who have not had time to get XYO tokens, hurry, as there is very little time left.
Learn more about XYO:
Website - https://xyo.network/index.html
Whitepaper - https://docs.xyo.network/XYO-White-Paper.pdf
BitcoinTalk Ann - https://bitcointalk.org/index.php?topic=3040825.0
Twitter - https://twitter.com/XYOracleNetwork
Telegram - https://t.me/xyonetwork
Reddit - https://www.reddit.com/r/XYONetwork/
Author's name: Sofa_Sh
0x9EBF42b07878140Bfa8442A09B2257Be6F172182
