XYO has built an open source of global location-verification for more than five years. The team of XYO really knows the problems existing in the current location technologies. Therefore, XYO has tried to offer some solutions through its project, XYO Network. You have read about the ways the project can make some contributions to the location industry in the future. Now, you will learn about the roadmap of the project.
[infobox style=”alert-success”]The Project Roadmap[/infobox]
Since the first time NYO launched its Bluetooth-GPS in 2012, it has had more than 1 million beacons all over the globe. During 2017, XYO successfully launched several GPS technologies such as releasing The XYGPS, a kind of GPS tracking device that has an ability to report its location anywhere on the planet as long as there are cellular and GPS data in the place. In addition to the tracking device, XYO also released another device in 2017. It’s the XY4.
In the first and second quarter of 2018, XYO created the first XYO token which will be used to access the XYO network through smart contract. The next plan will be completing XYO Network MVP followed by launching GAMMA. It is an app which will help blockchain developers by providing various tools and functionality to start creating smart contract code to interact with the real world.
During 2018, XYO will also focus on the completion and the release of XYO Network API. Besides, there will be a release of XY sticker-based trackers as a part of e-commerce packages. In 2019, XYO will launch satellite sentinel and expand partnerships. The roadmap will not stop there. Starting from 2020, XYO will keep expanding its global reach.
[infobox style=”alert-success”]The Team[/infobox]
XYO is founded by Arie Trouw. He is a successful serial entrepreneur with exceptional experience in technological breakthroughs. He works with the two other co-founders: Scott Scheper and Markus Levin. All of them are blockchain specialists. They lead a team consisting of 17 members with different backgrounds and unique ability. The whole team is supported and assisted by 14 members of an advisory team.
[infobox style=”alert-success”]ICO Token Sale and Distribution[/infobox]
There are 100,000,000,000 supplied for the sale and 39.3% of the tokens are distributed for the public sale with 48,000,000 USD for the projected sale cap. The sale itself has already begun on 20 March 2018.
After the conclusion of XYO public token sale, the unsold tokens will be burnt and no more tokens will be generated. The only way to earn the tokens after the sale is from the crypto location manners.
In addition to the 39.3% of the tokens that are put on the public sale, 39.3% will be locked into a Crypto-economic reserve that will be used to reward some network actors. For example, it will be used to incentivize the blockchain developers, operators, and crypto miners. Meanwhile, the rest of the tokens are distributed for the XYO team, XY Company, and advisors.
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