Hello everyone,
This is the third ICO facts I'll be posting. I would like to take this opportunity to talk about XYO Network - ICO is live and you can join at https://get.xyo.network/ and the bounty thread is at https://bitcointalk.org/index.php?topic=3053801.0 . Currently, you can buy 99.9K XYO tokens for 1ETH.
The XYO team is taking on geo-location based data. Their aim is to provide certainty and security of location data to improve future utilization. According to their web site, the team notes that:
"We believe the current location technologies lack the necessary certainty and security properties necessary to move us into the future. We have developed an ecosystem of crypto-location protocols and components, which leverage the strengths of blockchain technologies, and solve the short-comings of location technologies relied upon today. Our project is called the "XY Oracle Network" (XYO Network). The XYO Network enables trustless transactions through an ecosystem of crypto-location components that can bridge the gap from the world of today, to the world of tomorrow."
How the system works?
There will be four primary components of the network, Sentinels, Bridges, Archivists, and Diviners. The aim of these components is to enable geo-focused, consensus-building and trustless verification of location data.
The network will allow writing of a smart contract that specifies for an object to appear at a specific XY-coordinate. When this location based target is fulfilled, the contractor will know that it was at that location with absolute certainty. This is all done without risk of spoofing the location signaling device(s) verified by thousands of Sentinels in the XY Oracle Network with the longest Proof of Origin chain (thus yielding greater confidence in the heuristics).
Now, I would like to proceed with the main purpose of this blog.
- Domain registration - date; name
Creation Date: 2018-01-15T17:49:58Z
Registry Expiry Date: 2019-01-15T17:49:58Z
Registrant Name: Arie Trouw (Founder of XYO)
Registrant Organization: XY - The Findables Company
Registrant Street: 1133 Columbia Street #205
Registrant City: San Diego
Registrant State/Province: California
source: https://hypestat.com/info/xyo.network
- Corporate information - date of incorporation, city of incorporation etc.
XY - the Findables Company - Delaware - 2016 - CIK 0001577351
Source: https://www.disclosurequest.com/form/xy---the-findables-company/0001193125-17-310091
Also, XYO offers a link to their SEC filing, which is quite positive for an ICO - https://www.xyfindables.com/offering/
- CEO, CTO, chief blockchain developer - the number of followers on LinkedIn - twitter - date of joining to social media
Arie Trouw - Founder & Architect
Linkedin (500+ connections) https://www.linkedin.com/in/arietrouw/
Twitter - @arietrouw - Follows 19; Followers 39. Joined June 2009.
Scott Scheper - Co-founder & Head of Marketing
Linkedin (1565 connections - joined as early as 2009) https://www.linkedin.com/in/scottscheper/
Twitter - @ScottScheper - Follows 44; Followers 455. Joined May 2009.
Markus Levin - Co-founder & Head of Operations
Linkedin (500+ connections - joined at least in 2015) https://www.linkedin.com/in/markus-levin/
Twitter - not available / not found
Markus has given and received great recommendations on Linkedin IMO.
It seems like these 3 guys are not very active on Twitter. It is possible that they are using acronyms but for the communication sake, I think it will be better for them to have active Twitter accounts.
- Price offering at the time of steem, total market cap at the time of ICO.
1 ETH = 100K XYO at the start of ICO and 1 ETH = 33.3K XYO at the end of ICO.
![Screenshot 2018-03-29 02.16.38.png]
(
)
- Inflation rate per year/tokens to be burnt over years
Total issuance: Finite and capped at the amount reached after the Token Main Sale but it depends on the amount invested so there is no cap at the total number of tokens as of now. Unsold tokens will be burnt.
- Social Media
Telegram - As of 28 March 2018: 6.867 https://t.me/xyonetwork
Twitter @XYOracleNetwork - same date: 2.984
- Word Cloud of White Paper
I hope this steem would help you decide on your decision regarding XYO.
All the best,
Q.