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XYO Token Economy
Oracles stand as a significant portion of the power and infrastructure needs for decentralized applications, with most of the focus revolving around the connectivity and aggregation of authoritative oracles. We believe that the need for a fully decentralized and trustless system of oracles is needed for decentralized applications to reach their maximum potential.
XYO Token Specifications
The public token sale has a tiered pricing structure that starts at 1 ETH: 100,000 XYO and maxes out at 1 ETH: 33,333 XYO. Details regarding our volume and time based pricing structure will be announced soon.
•Smart contract platform: Ethereum
•Contract Type: ERC20
•Token: XYO
•Token Name: XYO Network Utility Token
•Token Address: 0x55296f69f40ea6d20e478533c15a6b08b654e758
•Total issuance: Finite and capped at the amount reached after the Token Main Sale-Projected XYO Token Cap: $48 Million
•Unsold and Unallocated tokens: Burned after the token sale event. No further XYO tokens will be generated after the Main Sale ends.
Incentivizing Token Usage
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. The problem most cryptoeconomic incentives have is that the focus is placed too strongly on the token miners (e.g. Sentinels, Bridges, Archivists, Diviners), and not at all on the token users. The XYO Token takes both into account.The XYO Token model incentivizes the miner to not just provide accurate data, but to also know when to not provide data at all. The end user is rewarded to transact more when network liquidity is low, compared to when network liquidity is high. Thus the ecosystem of the XYO Token has the ability to remain well-balanced, fluid and robust.
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During a podcast, Riccardo Spagni spoke about Monero’s upcoming plans with Ledger and some of his thoughts on ASIC sales prior to the cryptocurrency’s fork changing the proof of work algorithm.
