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- ETH
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- XYO

XYO Network

XY Oracle - XYO Tokens

TOTAL PROJECTED XYO SUPPLY

24,158,373,684

PROJECTED PUBLIC SALE CAP

$48,000,000

XYO SOLD TO DATE

- -

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PRICING

On March 20, 2018 XYO began selling at the Exchange Rate of 1 ETH to 100,000 XYO.

After every transaction, the price of XYO increases in order to reward early project backers. Thus the amount of XYO one receives per 1 ETH decreases slightly after each token transaction.

After the price reaches 1 ETH to 33,333.33 XYO, the dynamic price increase freezes and continues at that exchange rate until the conclusion of the sale.

IMPORTANT: After the sale ends ALL UNSOLD XYO will be burned forever. No new XYO Tokens will ever be generated. All future XYO will be earned through XYO paid to crypto-location miners in exchange for them returning locational data to smart contract requests.

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  •  100,000.00 XYO
  •  ...
  •  99,999.99 XYO
  •  ...
  •  90,909.09 XYO
  •  ...
  •  76,923.08 XYO
  •  ...
  •  66,666.67 XYO
  •  ...
  •  58,823.53 XYO
  •  ...
  •  52,631.58 XYO
  •  ...
  •  45,454.55 XYO
  •  ...
  •  38,461.54 XYO
  •  ...
  •  33,333.33 XYO

XYO Network

TOKEN SALE DISTRIBUTION GOALS

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XYO Network

TOKEN SALE DISTRIBUTION GOALS

The XYO Token Sale Economics were created in order to incentivize a diversified pool of participants. XYO Network's vision centers on becoming the standard when it comes to trusted location data, whether on-chain or off-chain.

The project's mission is to build a crypto-location network that our world can rely on for autonomous and secure location data. This means displacing our current reliance on centralized GPS, which lacks accuracy and faces issues with security attacks via device spoofing.

In crafting the XYO Network Token Sale economics, our objective is to create a diverse a pool comprised of token holders. Over 500 members participated in the Our XYO Token Pre-sale We filled the majority of our pre-sale in less than a week from over 500 participants. Some blockchain projects follow a model that results in a large percentage of their pre-sale token pool being controlled by one large entity (i.e. so-called 'ICO hedge funds'). We chose to avoid this path because it results in centralization baked into projects that are supposed to be founded on the idea of decentralization. We believe our XYO Token Sale Economics reflect this.

The figures displayed on this page reflect our current best estimate of the XYO Token Pool composition at the conclusion of the XYO Token Sale. The XYO Token Sale's price structure has dynamic price increases built into the smart contract. The price of XYO increases after each transaction. Additionally, the XYO Token during the Public Sale is pegged to the value of ETH. For these reasons, it is impossible to determine the exact amount of XYO distributed when the token sale ends. Therefore, the term 'Projected Cap' is used. Additionally, we are in the final stages of two major Enterprise Partnerships, which may change the Enterprise Partnership figures below by an estimate of 1-3%.

39.3%

9,495,450,000 XYO

Public Token Pool

39.3% will be sold to the public during the XYO Token Sale. 100,000,000,000 XYO Tokens were generated at the beginning of the token contract start. After the XYO Public Token Sale concludes, all unsold tokens will be burned forever. The XYO received after this point will derive from the XYO paid by smart contract developers to crypto-location mining operators.

39.3%

9,495,450,000 XYO

Cryptoeconomic Reserve

39.3% will be locked into a Cryptoeconomic Reserve via smart contract on a 1-to-1 basis for every token sold during public sale. Similar to the 'tap' variable introduced by Vitalik Buterin via the exploratory model of Decentralized Autonomous Initial Coin Offerings, the Cryptoeconomic Reserve may be tapped in order to provide incentivizes to network participants in the early years of the network's life. The Cryptoeconomic Reserve is used to provide the incentives necessary to jump-starting the foundation of the location network.

6.6%

1,600,000,000 XYO

XYO Team

6.6% of XYO Tokens will be allocated to the team. To ensure the growth and success of the XYO Network, the team has vesting provisions and incentives via the company behind the XYO Network (XY). The team is bound with the responsibility of working in the long-term interest of both the shareholders and the token holders.

3.5%

850,000,000 XYO

XY Company

3.5% will be allocated to XY, a U.S. Delaware C-Corp and SEC Reg A+ Qualified Entity. XY has been building IoT hardware and location network technologies for over six years. With over 1,000,000 Bluetooth and GPS devices already built, XY will be jumpstarting the crypto-location mining network by developing ready-made crypto-location mining systems as well as Hardware Development Kits and Software Development Kits (SDK's) enabling developers to build their own crypto-location mining configs (Raspberry Pi's, for instance).

3.3%

800,000,000 XYO

Advisors

3.3% will be allocated to XYO Advisors with the standard terms granting the XYO Tokens on a monthly basis over the course of 1-year.

3.3%

789,473,684 XYO

Enterprise Partnerships

3.3% will be allocated to Enterprise Partnerships with multi-national brands spanning many markets (eCommerce, Sports, Transportation, Travel, Airlines, Insurance, Finance, Security, Drone Delivery, Self-driving Vehicles, Gaming and more). The XYO Network has active and pending engagements with many such brands (multi-billion dollar per year brands, which will be announced soon). This includes its fellow members of the Enterprise Ethereum Alliance, Trusted IoT Alliance, Bluetooth, IFTT and more.

3.1%

750,000,000 XYO

Promotion

3.1% will be allocated to active promotion of the XYO Network during the XYO Token sale. This includes Bounty Promotion programs.

1.6%

413,345,292 XYO

Pre-sale Tokens Sold

1.6% of XYO Tokens were sold at Pre-sale across over 500 participants, which was open for a limited time and filled within a week.

SCHEDULE

PRE-SALE

XYO MAIN SALE

XYO ECONOMY

PRE-SALE
XYO MAIN SALE

(CURRENT)

XYO ECONOMY

PARTICIPATION

Private

Open

GAMMA Platform Sale; Crypto-location Miners; Exchanges*

PARTICIPATION
Private
Open
GAMMA Platform Sale; Crypto-location Miners; Exchanges*

PERIOD

2.1.18
to
3.6.18

3.20.18
to
5.20.18

5.21.18
to

PERIOD
2.1.18
to
3.6.18
3.20.18
to
5.20.18
5.21.18
to

MIN

15 ETH

0.5 ETH

1 ETH

MIN
15 ETH
0.5 ETH
1 ETH

SUPPLY

SOLD OUT

~400M XYO

$48M Projected Cap

Unsold & Unallocated Tokens Burned; All Sold & Allocated Tokens = XYO Token Pool

XYO Token Pool

SUPPLY
SOLD OUT
~400M XYO
$48M Projected Cap
Unsold & Unallocated Tokens Burned; All Sold & Allocated Tokens = XYO Token Pool
XYO Token Pool

*If you interpret this as expecting to sell your XYO on May 21st, 2018, please do NOT purchase XYO. This is not the project for you. Our goal is to build a cryptocurrency of lasting value; and we feel that by prioritizing and focusing first on our core underlying technology and developer experience, good things should follow (such as creating liquidity incentives for our crypto-location miners via being listed on the very top exchange there is).

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XYO NETWORK

CRYPTOECONOMIC RESERVE

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"The cost of mediation increases transaction costs, limiting the minimum practical transaction size and cutting off the possibility for small casual transactions..."

- Bitcoin: A Peer-to-Peer Electronic Cash System ("Bitcoin White Paper")
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With Bitcoin, the original purpose centered on removing the need for third parties involved in "small casual transactions".

Due to network actors that emerged, such as ASICs, which are dedicated computers built entirely for the purpose of cryptographic mining, Bitcoin's fees have sky-rocketed, making small casual transactions unfeasible, and leading to forks (Bitcoin Cash) and other cryptocurrencies.

Forks are a good thing, and more cryptocurrencies with unique properties serves as a good thing for the broader community; however, if Bitcoin were designed today (with 10 years of data in seeing how cryptocurrencies perform in the real world), we believe that certain tools would have been added to the network's design which would usher it towards its original vision of being used for small casual transactions, and less towards where it currently is: a currency with high-fees and used mainly as a Store of Value.

For this reason, we have created the Cryptoeconomic Reserve.

Cryptoeconomic Reserve

On January 5, 2018, one of Ethereum's creators, Vitalik Buterin, published an exploratory idea aimed at improving the ICO model by merging the benefits of the Decentralized Autonomous Organizations ("DAO") with the Initial Coin Offering ("ICO") model. The goal of the concept, which is termed a "DAICO", centered on minimizes the complexity and risks for the Token Holder.

DAICO's have not yet become the standard in the realm of new cryptocurrency projects; however the idea brought the idea of creating more Token Holder protections and introduced some novel cryptoeconomic concepts. One concept Buterin introduced, is a state variable called tap (units: wei / sec). The tap serves as a safe-guard to token holders to hold the project's team accountable in meeting the milestones of the project. This is done by setting the tap rate in which the funds can be withdrawn from the project's contract to be spent on developing the project and meeting its milestones. The tap rate specifies the amount per second that can be withdrawn from the contract. If the project progresses and even if additional requirements arise, the tap rate can be voted on and increased.

For this reason, we developed a Cryptoeconomic Reserve built into the smart contract of the XYO Token Sale. The purpose of this reserve is to have a mechanism that can be "tapped" in order to provide cryptoeconomic incentives to important members of the XYO Network ecosystem. This ensures that the XYO Network grows in the manner necessary to build a robust location network and eventually replace our sole-reliance on GPS. In an ideal system, the XYO Cryptoeconomic Reserve would never need to be tapped; however because the XYO Network relies on location-verifying hardware providers across multiple acting components, cryptoeconomic incentives may need to be rewarded to certain crypto-location mining components that would otherwise not feel incentivized to do so if only paid by the XYO Gas provided by the blockchain smart contract developers that wish to use the location data provided by the acting component. To achieve this, the Cryptoeconomic Reserve can be tapped to provide cryptoeconomic subsidies to the actors in the XYO Network, though, ideally the Cryptoeconomic Reserve would never need to be tapped.

The Cryptoeconomic Reserve may be tapped to incentivize the following network actors:

  •  Incentivizing Blockchain Developers to create DApps that interact with the XYO Network for location data: Those who develop smart contracts that need to call out to the XYO Network for location data. Our goal is to ensure that the XYO required to interact with real-world location data (the XYO Network) to be as low-cost as possible, while appropriately incentivizing the crypto-location mining providers in order for the network to grow. 
  •  Incentivizing Operators of Sentinel Crypto-location Miners: The XYO Cryptoeconomic Reserve will be used to incentivize operators of XYO Sentinel Components (those that provide location heuristics to the network) in ways that encourage network growth.
  • Incentivizing Operators of Bridge Crypto-location Miners: In the XYO Network, Bridge Components are used to transfer data from Sentinels to the XYO Network. We foresee most Sentinels will possess the ability to act as Bridges as well (i.e. Cellular Devices that use GPS and can broadcast the data to the Archivists). 
  •  Incentivizing Operators of Archivist Crypto-location Miners: Archivists are necessary to store location data from Sentinels in the XYO Network (location data that spans many classes of different types of location gathering methods: GPS, Bluetooth, Cellular, LPWAN). Archivists store raw data only and get paid only for retrieval of the data. They are cryptoeconomically incentivized to only store valid data. The XYO Cryptoeconomic Reserve exists in order to subsidize and ensure that the Archivist components are properly incentivized in the early stages of the network's life. 
  •  Incentivizing Operators of Diviner Crypto-location Miners: Diviners are called upon to analyze and provide the answers on an object's location back to the smart contract request. Diviners are incentivized to provide accurate analysis of the location data it scans in Archivists; Unlike Sentinels and Bridges, Diviners use Proof of Work to add answers to the blockchain. The XYO Cryptoeconomic Reserve is in place to ensure that Diviners receive the appropriate reward for their activity.
  •  Incentivizing XYO Token End-User Transaction Activity & Merchant Acceptance of XYO: The more immediate use of XYO will be needed by blockchain developers to write smart contracts that require real-world location data in order to transact. However, we envision a future where more businesses and transactions are executed by DApps, which may also require location data in order for the transaction to execute. Once DApps become more prevalent with the roll-out of Ethereum's PoS and Sharding features, as well as newer platforms that begin to gain adoption (EOS, Hashgraph-which run solidity smart contracts, Stellar, and others), we believe XYO can even be used by end-users in real-world location-reliant transactions. In order to facilitate the transition from blockchain developers as the XYO Token End-user to a world in which XYO can be easily utilized by users who wish to transact using DApps, the Cryptoeconomic Reserve may be tapped to facilitate a healthy ecosystem in such a case. We believe that the value of a token sits in direct proportion to its utility, which to a large degree relies on the number of transactions it either potentially or actually participates in. Many cryptocurrencies today focus almost exclusively on incentivized systems that reward Proof of Work miners; they do not focus on building incentives for token users. Over time, this imbalance creates an undesirable ecosystem for every participant involved (miners, token holders and tertiary entities who build upon its platform). A system in which token holders are encouraged not to use their tokens creates a long-term problem for the underlying economy. It creates an ecosystem with very scarce stores of value and triggers a natural impulse to invent reasons for not using the token, instead of boosting utility and liquidity. Lack of token liquidity is often ignored by token holders because the artificial scarcity created by reticent token-spending creates short-term spikes, but the question is: At what cost? The problem most incentives have is that the focus is placed too strongly on the token miners, and not at all on the token users. The XYO Token takes both into account by defining the ideal-state and rewarding market participants who hold in-memory accounts of the ideal-state and act upon it being met. Depending on the natural flow of the XYO Token economy, a token holder will be rewarded at different points in time with varying token usage incentives: mechanisms such as token rewards for transacting. In a system where transaction volume is high, a user who preserves the token won't be missing out on transacting. However, similar to how safety measures are in place to prevent fraud amongst miners coming up with wrong answers (which results in XYO Token loss), so too will users be penalized who transact with other parties in a circular manner in order to game the system into receiving liquidity incentives.
  •  Enabling Crypto-location Provider Diversification: In any healthy economic token system, there is a balanced ratio of liquidity and network providers. However, a vast majority of today's cryptoeconomic systems have their pendulums frozen in time at one end of this spectrum. In the case of Bitcoin and even Ethereum, a very small number of mining pools (meaning, less than 10) control the majority of the ecosystem. This creates a problem each token system aims to solve: centralization. Similarly if all locational data were provided by only a few sources, they would retain the majority of the power and have the capability of creating cartels to increase fees blockchain developers would have to pay to have their smart contracts access location data. 
  •  Cryptoeconomic Subsidies for Crypto-location Miners For Deciding to NOT Compete in Location Queries: The Cryptoeconomic Reserve will be used to maintain a healthy economic token system and a balanced liquidity ratio. XYO Miners are incentivized to not only provide accurate data, but to also know when to provide no data at all. In order to not pollute the ecosystem with inaccurate data, an XYO Miner can pass off the opportunity to a competing XYO Miner (i.e. a Sentinel, Archivist, etc.). The end-user holding XYO Tokens is encouraged to transact more when network liquidity is low, compared to when network liquidity is high. The token user receives economy-based rewards which are given up by XYO Miners who could have computed or verified the data, but elected not to in order to maintain the health of the ecosystem. Essentially, rich machines forfeit the reward they would have received and pass it on to the transacting end-user as well as the second-best machine that took over the task, in order to create a higher quality token system.
  •  Incentivizing Artificial Intelligence in Diviner Components (Incentivizing Proof of Intelligent Work, Not Proof of Work): The Bitcoin mining market presents a situation similar to the prisoner's dilemma. As a whole, Bitcoin would benefit more if market participants collaborated to some degree. However, by design of the system, self-interest typically prevails due to simplicity. Adam Smith calls this phenomenon, greatest exactness, declaring: "accurate in the highest degree, and admit of no exceptions or modifications, but such as may be ascertained as accurately as the rules themselves, and which generally, indeed, flow from the very same principles with them.'' For economies that rely on cognitive beings who are subject to human nature, simplistic, hard rules tend to prevail. Smith understood the natural instinct of humans to operate with absolute rules, rather than rules of moderation. He believes this is because holding the ideal-state of a system concurrently, in-memory, is too taxing to the brain. In other words, "hard-and-fast rules are easier to keep than rules that are slightly relaxed. The opposite should be true." As a result, current cryptocurrency token economies are inefficient as their tokens do not incentivize participants properly, partly because they are based on economic theory that pre-date blockchain technologies.
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XYO NETWORK

TOKEN SALE PROCEEDS

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Proceeds from the XYO Token Sale will be allocated in what we deem the best way to achieve our primary vision: displacing centralized GPS. We believe the appropriate mix to make this happen is devoting our resources (which includes our funds, as well as the XYO Network ecosystem's focus) on the following areas:

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PENETRATION TEST & PRIVACY AUDIT

Lightning Security conducts thorough penetration testing on systems for any vulnerabilities. These may include common vulnerability types such as SQL Injection, Cross Site Scripting, and Remote Code Execution.

Auditing the security of web assets is essential to prevent exfiltrating sensitive data and facing comprised systems.

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SMART CONTRACT AUDIT

COINMERCENARY conduced their standardized review process, which combines compliance, security, a comprehensive checklist of known pitfalls and attack vectors, Solidity design patterns and best practices.

DOWNLOAD AUDIT REPORT PDF
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SOURCE CODE

You can view the source code of our smart contract on Github. The contract is organized into several different libraries, classes and functioning components.

Status: PASSED

Status: PASSED

Status: AVAILABLE

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PENETRATION TEST & PRIVACY AUDIT

Lightning Security conducts thorough penetration testing on systems for any vulnerabilities. These may include common vulnerability types such as SQL Injection, Cross Site Scripting, and Remote Code Execution.

Auditing the security of web assets is essential to prevent exfiltrating sensitive data and facing comprised systems.

Status: PASSED

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SMART CONTRACT AUDIT

COINMERCENARY conduced their standardized review process, which combines compliance, security, a comprehensive checklist of known pitfalls and attack vectors, Solidity design patterns and best practices.

DOWNLOAD AUDIT REPORT PDF

Status: PASSED

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SOURCE CODE

You can view the source code of our smart contract on Github. The contract is organized into several different libraries, classes and functioning components.

Status: AVAILABLE

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SEC DISCLAIMER AND FORWARD-LOOKING STATEMENTS:

Please keep in mind that XY Tokens do NOT represent an equity but are utility tokens for the XYO Location Network, which are necessary if one intends to use the XY Oracle Network in their Ethereum Smart Contracts.

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YOU SHOULD READ THE OFFERING CIRCULAR BEFORE MAKING ANY INVESTMENT.

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OFFERING DOCUMENTATION CAN BE FOUND AT www.xyfindables.com/offering

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IF YOU ARE INTERESTED IN PURCHASING TOKENS IN THE XYO NETWORK, PLEASE USE THE LINKS ON THIS PAGE.