All You Need To Know About The XYO NETWORK

Every now and then an innovative technology comes into the limelight and transforms the way we usually do things in our lives. The first was when Edison developed the electric bulb back in the 1800s, his invention lit the world up. And things haven’t been the same. The next invention on the evolutionary train that transformed our lives was the Wright brothers when they became the first to attain flight. This little marvel connected the world to what it is today. The internet was the next thing to change our lives by becoming mainstream and also connected the world.

This change is here again, with a new technology that has arrived and is definitely going to change our lives and transform the way governments and banks do their business. The world thought Ethereum and Bitcoin was the biggest shift in technological advances but, this novel breakthrough is sure to be larger than both Bitcoin and Ethereum. Whilst transforming lives of people all over the globe and enable them to be connected to untapped markets which are projected to be worth per year an amazingly large sum of $11trillion. But what exactly does it do? Let’s read on to find out more.

What exactly does the XYO Network do?

It is a network that enables the possibility of accessing smart contracts in the world by making use of the network's device ecosystem to determine that the specified article is at the specified coordinate. One it has been shown to be true, it enables people to set up apps that use the Ethereum smart contract to execute transactions.

For instance, a company operating in the e-commerce industry can make use of the XYO network by being able to offer its premium customers, payment on delivery service. For the company to be enabled to do this, it has to influence the XYO Network (one that makes use of XYO Tokens) so as to inscribe the smart contract.

XYO Network is then able to locate the package that is to be sent to a consumer at every phase of fulfillment. Right from the manufacturer or warehouse to the firm responsible for shipping and then to the consumer's address and any location that the package may be. This means websites and retailers can verify the location of the package, and if it has not only shown up on the doorstep of the customer but is also in their house. This translates to enabling numerous e-commerce firms to use the XYO Network and enable their customers to pay only for goods they receive.

XYO Token Specifications

The XYO Network makes use of a token which is called the XYO Network Utility Token. At this moment there is not an ICO scheduled as the token is still in the Whitelist Theta offering state. The theta sale would be prized using a tiered structure which begins at 100,000 XYO equaling 1 ETH, with the maximum being 33,333 XYO equaling 1 ETH. The token makes use of an ERC 20 smart contract, which is based on the Ethereum blockchain.

Conclusion

For more information on the XYO network, kindly visit the Official Website at https://xyo.network/.

Thank you for your time and feedback,
Jack Andrew