XYO (XYO/USDT – Trade it here) is a blockchain project run by XYO. It is responsible for the product XYO Network, a Reality Oracle for blockchain. XYO was created to provide a decentralized and authoritative oracle to determine and verify location. They have developed a layered location verification service that works across several device classes and smart contract protocols. It is built on a combination of innovative cryptographic processes, Proof of Origin and Bound Witnesses, that combine the power of the blockchain with real-world data collecting to create a system with immediate applications.
How does XYO Network works?
XYO has 4 distinctive components:
These components work together to form a completely decentralized network capable of integrating cryptographic security with real-world data. Sentinels collect information about their position, surroundings, and other nearby XYO Network devices and store it on an onboard digital ledger. Then, Bridges transmit data to the public blockchain, keeping it stored permanently. This interaction forms an unalterable Proof of Origin Chain, which Archivists preserve and index. Diviner serves as a location verification and location history for any particular Sentinels. Collection of Sentinels can also be done by reviewing individual Proof of Origin Chains and their Intersections with other Chains.
Recent Price and future prospects of XYO Token
XYO is an Ethereum-based ERC20 token. Currently, their price are maintained at $0.005911 with 12.48B circulating supply and It does not have a maximum supply. A lot of market traders have a positive prospects towards the future price of this token. There are hopeful views that within the decade, XYO will be able to reach $0.01000. Nevertheless, all that matters is your opinion on the token and your skills to make a profit out of it!
How to buy XYO token?
You can buy XYO on MEXC following the steps:
- Log in to your MEXC account and click [Trade]. Click on [Spot].
- Search “XYO” using the search bar to see the available trading pairs. Take XYO/USDT as an example.
- Scroll down and go to the [Spot] box. Enter the amount of XYO you want to buy. You can choose from opening a Limit order, a Market order, or a Stop-limit order. Take Market order as an example. Click [Buy XYO] to confirm your order. You will find the purchased tokens in your Spot Wallet.
Take this opportunity to learn more about crypto!
Check out our listings in the Innovation and Assessment zones as well as the major tokens in the Main Zone – we have more amazing projects to come! What’s more, MEXC lists moonshot and offers access to trade major cryptocurrencies. Visit the Hot Projects section as well to uncover more featured popular tokens. Lastly, feel free to visit MEXC Academy to learn more about the world of crypto!