XYO NETWORK

XYO EXPLANATION!

Good day friends i wanna discuss about the project XYO.
XYO is based on two core concepts.
It introduces: Evidence Witness of Origin and Bound. The Bound Witness concept ensures that two different components of the XYO Network are in the same location at the same time. Proof of Origin ensures that the information provided component is valid and resistant to counterfeiting. Detailed information about these two concepts is available on the XYO Network white paper.

Providing authoritative proof of location has the potential to change the world. Here are some ways the XYO Network will disrupt the existing industry.

How it works
When the customer completes the order, a smart Ethereum contract is made that will release payments to the merchant after successful delivery of the purchased product. The shipment will include the XYO Touch Network, a low-cost electronic device that records its interaction with other devices on the XYO Network on its blockchain ledger. Other XYO Network devices will also record their interactions with packets sent. Each of these interactions can be independently verified by stating the location-specificity net extending as long as it returns to the origin of the item. When delivery reaches its destination, as confirmed by its interaction with the XYO Network device within the buyer's house, a smart contract will be fulfilled, and the payment will be released. If there is a dispute, the ledger will provide a history that can confirm the delivery of the item or indicate where it is going.

Transaction terminal point - the point at which the packet is shipped and the payment is released - will be determined at the time the order is made. Amazon has experimented with several secure delivery systems, including lockers in public places such as department stores and even electronic keys that give their dispatching teams access to customers' homes. The XYO Network device in this secure location will confirm the shipment. In the Amazon locker, the delivered packets will interact not only with their lockers, but with XYO Network devices in other lockers and customers who use them. At the customer's home, the XYO Network node may include subscriber phones, IoT devices, and even Amazon Echo used for ordering.

I must say that I am impressed with everything about the XYO project, from their website, promotional videos, ideas, well-established businesses, a ton of documents and newspapers with use cases and business plans for the future and of course the people at behind this project. This is how you prepare a project for ICO and present it to the public and potential investors, and all future ICOs can learn from XYO. My great honor and you take me to the ship as an investor, that's for sure. For others who plan to participate in this ICO, I encourage you to join WHITELIST FOR TOKEN SALE and do your due diligence on XYO before it begins. I'll write more about this project in the future, so stay tuned for teams, tokenomics, roadmaps, business plans and more.

XYO Network Components

The XYO network has four main components,

sentinel, Bridges,

Archivists and Diviners.

These four components enable the construction of geo-focus consensus and verification of unlawful location data. This means that when you write a smart contract that determines that an object appears in certain XY coordinates, if it appears there, you'll know it's in that location with absolute certainty. This is all done without the risk of spoofing a location signal device verified by thousands of Sentinels in the Oracle XY Network with the longest Chain of Origin chain (thus generating greater confidence in the heuristics).

XYO Token Specs
General tokens sales have a tiered pricing structure that starts at 1 ETH: 100,000 XYO and maxes out on 1 ETH: 33,333 XYO. Details about volume and price based on our time structure will be announced soon.

• Smart contract platform: Ethereal
• Contract Type: ERC20
• Token: XYO
• Token Name: XYO Network Utility Token
• Token Contract: 0x55296f69f40ea6d20e478533c15a6b08b654e758

FOR MORE INFORMATION :

Website: https://xyo.network/
Whitepaper: https://docs.xyo.network/XYO-White-Paper.pdf
Telegram: https://t.me/xyonetwork
Twitter: https://twitter.com/XYOracleNetwork
Facebook: https://www.facebook.com/xyonetwork

author: https://bitcointalk.org/index.php?action=profile;u=1987701