XYO has been a hot topic in the crypto world. As a decentralised physical infrastructure network (DePIN), it is home to developer tools, consumer software, digital assets, and more. What it doesn’t contain is an accurate prediction of its own future for investors.
Making an XYO price prediction is as tough as it gets. It helps to know more about XYO, its native token, and what the network has to offer that could make it stand out as a valuable asset and bring the XYO price to the next level.
What is XYO (XYO)?
To put it simply, XYO is a decentralised ecosystem home to a number of developer tools, a decentralised network, digital assets, and consumer tools. The network incentivises the validation, aggregation, and use of decentralised data within the network’s structure.
The ecosystem, which accumulates and circulates data, is built around its native token (XYO). The system is built to allow users to retain total control over their own data while also being rewarded for using that data in accordance with the XYO token.
Who are the founders of XYO (XYO)?
The decentralised blockchain oracle network is the creation of Scott Scheper, Markus Levin, and Arie Trouw. Currently, Trouw is listed as the CEO, CTO, and a co-founder. Levin, in addition to being listed as a co-founder, acts as the Head of Operations, while Scheper is Vice Chairman and CMO.
The network itself came about in 2018, a project of XY Labs. The company itself was also founded by Trouw, and the original founders of XYO recognised the need for a totally decentralised oracle network capable of authenticating and validating data from the physical world.
What Makes XYO (XYO) Unique?
Through its XYO Layer One protocol, XYO is able to meet some of the primary blockchain needs that the market demands. Even better, XYO is capable of handling these demands across a variety of industries.
Forked Chains. Forked chains are more flexible and give developers the ability to branch off the Layer One protocol to create DePIN chains with their own set of rules.
Rebounding Chains. Rebounding chains will essentially alternate between integration and independence with the XYO Layer One protocol. This creates a greater level of flexibility.
Returning Chains. With returning chains, data is integrated right back into the XYO Layer One protocol. This ensures that compatibility with decentralised systems (like IoT) and other DePIN use cases is totally smooth and virtually seamless.
100% Sovereign Chains. Each chain within the XYO network is completely capable of controlling its data and processes. This makes them ideal solutions for industries like DePIN and AI, each of which requires complete autonomy in order to function.
How Many XYO (XYO) Coins Are There in Circulation?
Upon its creation, the XYO network created 13.931 billion XYO tokens for distribution. The total max supply has been distributed, meaning all 13.931 billion XYO tokens are currently out there in circulation. The breakdown has changed over the years, though some were initially allotted for network governance, with the rest distributed to the public and investors.
How is the XYO Network Secured?
Utilising the proof of origin consensus protocol. Ultimately, this process creates a tamper-proof, completely verifiable record tailoring the journey from origin to destination for each strand of data created on the blockchain. Think of it as a “checkpoint”, providing a cryptographic record that is ultimately both traceable and immutable.
Security of the network also comes from holders of the XYO token. Holders are able to participate in the governance of the XYO blockchain, encouraging users to take part in the greater security of the XYO network. Because stakers are required to use their own holdings in XYO, it discourages potentially bad actors from popping up.
XYO Ecosystem
In order to understand the full scope of the XYO ecosystem, it is important to know the three main components of the network: its DePIN core, the XYO token, and the XYO blockchain data protocol. Let’s take a look at each of these core tenets.
XYO DePIN Network. The entire decentralised network is composed of individual nodes. These notes include mobile apps (like COIN) and IoT devices, all of which collect and validate data from the real world in a streamlined, efficient way.
XYO Blockchain Data Protocol. The entire network and one of the foundational rules for it is the proof-of-origin consensus protocol. Ultimately, this process ensures that all data within the XYO network is both accurate and trustworthy.
XYO Token. As the native token of the XYO blockchain, it plays a key role. It is primarily used as an incentive to promote the collection, validation, and participation of data within the network structure.
FAQs
What are the potential use cases for XYO?
In addition to decentralised physical infrastructure networks (DePIN), XYO has several other uses. It works in supply chain & logistics, e-commerce, insurance, smart cities and real estate, artificial intelligence (AI), finance, and more.
What is the history of XYO?
Introduced in 2018, XYO was initially conceived as a geospatial DePIN IoT project. In February 2022, XYO announced that it would be expanding its original concept, analysing and aggregating a flexible, wide range of digital and heuristic data. The focus also shifted to expanding into Web3 markets by using the core concepts of data provenance, sovereignty, and permanence. Its parent, XY Labs, began tokenising its stock in 2022 and listed it on the ATS platform tZERO ATS.
What features does XYO offer for developers seeking to incorporate decentralised data into their applications?
Developers looking to involve decentralised data in their applications will benefit from a totally open-source platform. Developers are able to use tools like APIs and SDKs in order to create their applications while using zero-knowledge proofs for performance and privacy.
How is the XYO token (XYO) integrated into the XYO ecosystem for sovereign data transactions?
Data sovereignty involves the right to control, store, and own data as you create it. As one of the core tenets of the XYO network, the token allows users to store and control their data all within the greater XYO network.
What is the governance structure of XYO?
Though it is continuously evolving, XYO bases its governance structure on token holders. Those holding XYO tokens are able to not only propose and adopt protocol changes but also participate in the overall structure of the network. There are further staking rewards from the XL1 token, which attempts to decentralise governance further by keeping token holders and network participation aligned with one another.
What is the market cap of XYO?
The market cap of a token is determined by the current market value of the token multiplied by the total supply currently in circulation. All 13.93 billion XYO tokens are currently in distribution, which gives XYO a market capitalisation of $133.727 million. That number can and will fluctuate depending on current market value.
What are the highest and lowest prices for XYO (XYO)?
Though XYO has had some wild swings itself, it hasn’t had the massive swings that others have had. Part of this has to do with its all-time high and low prices. At its low, XYO traded at $0.00009672. During its peak in 2021, XYO reached its all-time high of $0.08139. It has since settled back down to $0.0096 per token.
What is the fully diluted valuation of XYO (XYO)?
The fully diluted valuation of XYO is based on current market value and the maximum supply of tokens possible. With 13.93 billion XYO tokens and a current market value of $0.0096 per token, the fully diluted valuation is roughly $133.727 million.
How to buy XYO?
The safest and most consistent way to purchase XYO is through a vetted exchange. There are both centralised and decentralised exchanges that offer XYO as a purchase option. Simply connect your wallet and add XYO or trade/sell it as you see fit.
Is it safe to invest in XYO?
XYO is similar to many speculative cryptocurrencies. There are inherent market factors that make it a challenge to achieve growth. That said, experts believe that a crypto boom is on the horizon, which could stand to benefit holders of XYO.
How has the XYO price changed over time?
Since its release in 2018, XYO has undergone quite the change in price. The entire cryptocurrency marketplace underwent a huge surge in price in late 2021 and has since come down. Another spike happened at the end of 2024, with a correction since. At its peak in 2021, XYO was at around $0.06 per token and has come down to just under $0.01 per token.
