XYO Network and BLOCKCHAIN

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The project, which will be discussed today, is quite interesting, as the spectrum of its activity is rather unique and atypical for today's ICO projects. 
The XYO network is the world's first oracle protocol, using which it will be possible to conduct transactions between two entities without the involvement of a centralized third party.

In other words, the XYO Network platform is a network that can decentralize the location system of goods across all activities and provide them with a safe and transparent way of tracking each step.

The XYO network will be built on an already existing infrastructure, with more than 1,000,000 devices circulating in the world that are distributed through their consumer business. 
Bluetooth and XYO GPS devices allow daily consumers to place physical tracking of beacons of things they want to track (for example, keys, luggage, bicycles and even pets). If such items are lost, users can freely view their location on their own smartphones. In just six years, the XYO network was able to create one of the largest mobile Bluetooth and GPS networks in the world.

The principle of operation is that the XYO system will provide an entry point to the protocol of the connected devices, which will be sufficiently safe and resistant to any attacks. 
This will allow users to have high confidence in the location data and all this will be backed up by a chain of cryptographic evidence.

How does the XYO system work?

1. Online Sentinels collect data in real 
   time.
2. Bridges collect data from Online Sentinels add them to the 
   Proof of Origin of their chains. Then bridges become available for archivists on the Web.
3. Index archivists / data collection from bridges. Bridges constantly send information to archivists, which are then stored in decentralized stores along with a heuristic location index.
4. The Diviner poll selects the user's request and sends Ethereum to the smart contracts for further 
   Response formation .
5. Diviner collects data from archivists extracting archivists from the network.
6. Diviner formulates the best response to a request from the Archivist network.
7. Then Diviners offer blocks on XYOMainChain containing XYO responses, requests and tokens (XYO), paid through proof of work.
8. Diviner returns the result to the requestor
9. XYO's network components are rewarded for their work.

Token

At the heart of the entire XYO network is the XYO token, operating on the basis of the ERC20, which will use the Smart Contracts feature. Developers will be able to access the location data and save them as a step when creating Smart Contracts.

This token will also encourage both miners and XYO token owners, so the level of healthy liquidity will be achieved through low transaction fees and the projected long-term cost of the network itself. 
Unmarked tokens will be burned to achieve a democratic model where the supply will satisfy the demand. 
The price during the ICO will be 1 XYO / 0.0224 USD (0.00003 ETH)

In conclusion, I would like to quote the words of the founder, executive, financial and operational director, this project Arie Trouw.

"The XYO network is the world's first XY coordinate bridge between the block chain and the real world"

Website: https://xyo.network/
Whitepaper: https://docs.xyo.network/XYO-White-Paper.pdf
Bounty Thread: https://bitcointalk.org/index.php?topic=3053801.0
Telegram: https : //t.me/xyonetwork

Author : Sania Lie

My bitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=2026267

ETH: 0xA60F15FaEEBfA22a44bAe8DBaaF571a965050135