XYO is a technology protocol where you can get reward with your GEO mining❗

Source of image but I modified a little bit with elements of corporation and usable graphics❗

ℹ️ Before we go into the details of my post, by all means

👋 introduce myself

, because this will be my first post within the 🔗Project HOPE community. I'm @gastrocrutch, you can ⏭️ follow me at anytime, and maybe you can know me better through my 🔗official introduction😉

✅ Of course I'm member of the community Discord server and with user @crypto.piotr I have had a few exchanges of messages, already.

💭 Where does the name XYO come from?

Well, it can be the shortest part of my informative post. As I told you I would like speak about the , so the X and Y meaning the coordinates of a geographical position and O is comming from the Oracle word.

ℹ️ About the XY Labs

Originally known as Ength Degree LLC, they were organized under the laws of the State of Delaware (USA). Founded in

2012

by 🔗Arie Trouw. ⬅️I couldn't really find any carefully compiled information about Arie Trouw, which is why I wrote about him in Hungarian. If you want to get to know him better, there is Google for Hungarian to English translator 😉

Transformations within the company:

On

May 27, 2016

, a name change was made to a Delaware company called „XY - The Findables Company”,

and on

November 9, 2018

, the name „XY - The Persistent Company” was adopted.

In

June 2021

, they announced their final name change to XY Labs, which was the name of XY's COIN division before it became the company name.

☝️ In the course of the company's operation, it primarily wanted to create products that consumers can successfully use in their everyday lives, which help them track various things, find their belongings and property based on localization.

XY Labs Corporate headquarters are located at:
1405 30th St
Suite A
San Diego, CA 92154
☎️ (855)346-3160

XY Lab's products include the 🔗 COIN app, and the company launched oracle network XYO.

📣 First steps towards geo mining, about the Coin app

The Coin app gives digital coins in exchange for location data, this process is called .

✅ These coins can be redeemed for

cryptocurrencies,

various products,

or XYO tokens.

What kind of cryptocurrency is XYO, exactly❓
A cryptocurrency that does not have an independent network, so it is a token as I mentioned above, and not a coin. XYO cryptocurrency uses the Ethereum network, so the fees for transactions related to XYO cryptocurrency are determined by the fees of the Ethereum network. It's an

Source: direct from my smartphone. Since the application was developed by the described company, the photo / screenshot is their property, but of course they consented to the publication, they would have been stupid, not to consent 😃

In practice, it looks like you have to press the big pick at the bottom of the screen, then the 🔗 Coin app sends your current position anonymized to the XYO network and rewards you with a random amount of coins. Coins can be redeemed every two weeks.

I usually ask for XYO tokens, which requires collecting at least

✅ 10,000 coins!

It usually arrives in my Ethereum wallet within a few days. By default, coins accumulate slowly. A tool called SentinelX helps to you a lot.

👌SentinelX

There are two types,

one is a BLE (Bluetooth Low Energy) tracker,

the other communicates using NFC and is the size of a bank card.

SentinelX is currently free, you only need to pay for shipping. Regarding the header image of this blog post, I wrote that I modified the original graphic a little. Well, I modified it so that you can see what the NFC card and the BLE device are like.

If detected by 🔗 Coin app, it will give you a in COINS after mining. According to my experience, this is true on average, sometimes it gives more to a lesser extent, sometimes much more,

👏 but the main thing is that the COIN amount at the top of the screen

increases spectacularly faster

with the inclusion of SentinelX.

✅ The NFC card must be touched to the NFC-capable phone every 4 hours.

🤔 I think the XYO COIN APP is a great hobby even with the COIN Basic Plan (absolute free of charge) package, but there are also subscription options, below you can read the details 👇

Before I describe these packages, I would like to let you know that it is not my aim to convince anyone about the subscription options or their use. In fact, I honestly admit that the Basic Plan option is completely sufficient for me, although I work in networking modell, so coin getting is easier for me, I will write about this below, yet.

🔗Source of image, but the correct price on the moment of this post creation for COIN Plus is $24.99/month

Source of image 🔗here, and 🔗 here, but the correct price on the moment of this post creation for COIN Pro is $34.99/month

So there are ☝️monthly premium packages, which not only increase the mined amounts, but also various bonuses and mining speed. It is worth subscribing to these packages for those who are on the road a lot and travel a lot.

I ✍️ write about my pleasant travel experiences in the 🔗Steemit Travel community, if you are interested, read what I wrote about 🔗 my Plitvice Lakes memories, don't worry, I am not campaigning for voteup, approx. I wrote the post a month ago.

Interesting examples for the bonuses!

You can get bonus, after the invitees,

anyone who registers with an invitation will receive 1,000 coins as a gift (only on Android),

after the coins collected so far,

also for those, that you have been converted to XYO tokens (the Ethereum wallet must be verified for this), this is actually interest.

About the interest after your COIN:

It's called HODL REWARDS in the app, and after the COIN balance is

3,6%

APY (Annual Percentage Yield) and 0,2% after your XYO token balance which is in your verified wallet.

🤔 Why should you focus on accumulating COIN balance instead❓

XYO token is a very volatile cryptocurrency❗

The COIN ➡️ XYO exchange, on the other hand, always takes place in proportion to the development of the market situation. In the photo below ⬇️, you can see that for example we can get

✅ 68.3 XYO tokens

for 1000 collected COIN.

If we receive less FIAT currency for the XYO token, then the applied score will naturally increase,

so COIN ➡️XYO exchange results in more XYO tokens.

If the XYO token strengthens against FIAT currencies,

then by definition the score decreases.

As a kind of statistical point of interest, about the development of the score mentioned above

Date	Conversion score
May 10	35.2 XYO / 1000 Coin

Date	Conversion score
May 12	39.9 XYO / 1000 Coin

Date	Conversion score
May 13	43.9 XYO / 1000 Coin

Date	Conversion score
May 14	44.1 XYO / 1000 Coin

Date	Conversion score
May 18	43.2 XYO / 1000 Coin

Date	Conversion score
November 9, 2022	80.2 XYO / 1000 Coin

Date	Conversion score
November 9, 2022	80.2 XYO / 1000 Coin

Date	Conversion score
December 28, 2022	121.2 XYO / 1000 Coin

✅ My feeling was excellent, I convert some COINS to XYO on December 28 ⬆️and I changed it to FIAT on January 4 ⬇️

Date	Conversion score
January 4, 2023	57.6 XYO / 1000 Coin

I would like share with you my thoughts about the networking model

It's super easy. If you share your what you can find inside the app and someone make a registration through this :

The registrant gets 1000 coins, which is not a deal, but you'll get, 10% after HER / HIS GEO mining's traffic!

So your only task is to deal with those you invite, teach them for new things around the XYO. If you have active invited users, your COIN balance will be pretty good. The payout of 10 % traffic after your users in every 24 hours happen.

Is

APY

starting to get interesting in COIN relevance to you? 😉

✅ With the right network,

collectinc is not that difficult. After all this, considering the , you will earn 10,000 COIN per day in 1 second. The monthly level in this case is 300,000 COIN, which we can say is 17,000 XYO tokens these days, which corresponds to 90 - 100 USD / month.

Maybe you, really don't want to deal, with your network forever. Of course, if you don't deal with the network, sooner or later it won't produce any more due to fluctuation.

ℹ️ But the amount of COIN you have earned so far remains yours, after which the

APY

comes❗ 😊

What is your role in the system when you use the COIN APP❓

ℹ️ When you ⛏️ GEO mining you serve as a beacon for real-time verification of geospatial location data.

XYO is a location-based data network. The beacon-based cryptographic protocol has already created more than 1 million devices for accurate tracking of goods, provided by 🔗 proof of origin and a decentralized ledger for exact time and location accuracy.

I have obviously only given you a taste of the knowledge ⬆️ above. However, the framework of a blog post cannot be equal to a complete technical book. Nevertheless, if you would like to delve more seriously into the subject, I would gladly recommend the white book of XYO Network.

🔗 XYO White Paper

How I use the COIN APP on a daily basis❓

✅ Well, I travel a lot! I am always in an environment where I can charge my mobile relatively easily. This is important because the 🔗 COIN app uses the smartphone's battery quite intensively.

✅ I love cycling, especially in a beautiful coastal environment. I have a cell phone holder on my bike, but that's not really the point, it's a normal everyday thing. However, I also have a portable solar charger next to it, and its capacity is exactly double that of my cell phone's battery. So, I can even ride my bike all day, even though the application uses the battery very intensively during , it doesn't drain even then 😊

To whom do I recommend the COIN APP subscription options❓

💡 It is my firm opinion that the subscription offers of XYO COIN APP can only be used effectively by those who work in the following professions:

for truckers,

for bus drivers,

So for those who are really in motion all day!

If you have any questions, feel free to contact me. Ask me rather than TrustPilot. By the way, there is no problem with TrustPilot, it is just a platform, the problem is with the lazy and incompetent human factor.

There were a lot of 1-star comments from either XYO or the Steemit platform, for example. If I had given credit to these reviews, I wouldn't be a blogger on Steemit right now, so I say you should have your own opinion on everything based on your personal experience.

👋 See you later guys, take care for yourself, and I would like say a special thanks for the Project HOPE Community, that I could share this quick guide about the world of

XYO Labs

, where this app what I talked about, just a project, in parallel with many other interesting projects.