To start with, XYO is considered to be blockchain's first crypto-location oracle network in the world. The main mission of this network is to create an interaction between developers and the real world as well as it was an application programming interface. Everyone knows that today smart contracts gain popularity due to the fact that with the help of them the execution of contracts becomes more transparent, easy (because it is automatic) and securer. However, smart contracts have one big disadvantage – their limitation. It means that in most cases their work is restricted by one limited offline application. But the XYO can solve this problem. Accessing the real world for smart contracts becomes possible with the help of XYO Network's ecosystem of devices which is created for determining whether an object is at a specific XY-coordinate or not. Consequently, it can develop a number of applications which perform transactions in the smart contract when the location is confirmed.

XYO network and its most important features

First of all, this network is decentralized. So, every user can pass the verification without any huge and fee-paying corporation or institution. The work of the XYO is fully transparent and autonomous. Consequently, it is an open source which provides its consumers with fair competition. Secondly, it is trustless. It doesn`t mean that you cannot trust this platform rather it means that trust is shared among its participants. It is not just concerted in one fee-taking individual.

The XYO is based on blockchain technology. Due to it, users do not need to trust this platform because every transaction is transparent, decentralized, and of the high level of security. And finally, it is identityless. Location data is stored in an anonymous, private and safe way. Its token sale will start in more than 58 days in May. Join this platform and benefit from using blockchain technology.

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