[REVIEW ICO] Evaluate XYO Network ICO — Follow everything on the blockchain

[REVIEW ICO] Evaluate XYO Network ICO — Follow everything on the blockchain

Overview of XYO Network

Due to the growing use of location based technologies, privacy and safely of the users largely depends upon the accuracy and validity of the information related to the location. Attempts have been made in the past to eliminate the need of centralized entities that control the flow of data related to location. However, all these attempts relied on the integrity of the devices collecting this data. XY Oracle Network or XYO Network offers a trustless and cryptographic location network that makes use of a novel formulation which is based on a chain of zero-knowledge proofs. This allows for a high degree of certainty about the information related to the location. XYO facilitates layered, location verification across multiple protocols and device classes. At its core sits a set of novel mechanism of cryptography, known as Proof of Origin & Bound Witness. It combines the power of blockchain technology and real world data collection into a system for direct applications.

How does XYO work?

How will the XYO network work?

Yes, you have probably heard of “Internet of Things”. These are small devices and devices around us that will soon talk to each other to make it easier for people.

For example, your phone can communicate with your home thermostat, to get an idea of ​​your daily routine and when you can stay home so it can set the right temperature for you. when you walk in.

The Xyo Network is planning to bring more than one million GPS tracking devices in the real world and connect them with blockchain to provide an unreliable tracking system that can revolutionize the way we track. the objects according to their location and then use that information.

These devices are called “guards” — including everything from light bulbs to internet routers, door satches, garage doors, cars, refrigerators and not to forget the obvious stuff. more like phones and tablets. Or they might even be your micro-cat.

With all these devices connected, they can track very accurately somewhere and then use that data to perform a contract on Ethereum blockchain.

The real benefit of XYO Network

It will give people what? This is a transcendental question to know exactly what a new project can offer to every person. That is, to know what the real contribution is. Therefore, as mentioned above, the area developed by XYO Network specifically focuses on hierarchical geographic location.

This geographic location focuses on the GPS field. For many years XYO has been at the forefront of creating new methods and positioning systems. Exactly what they care about most is the ability to build an environment in which information flows quickly, securely, and securely. A system that allows direct, continuous and uninterrupted user interaction.

Exactly, the task that the XYO Network has developed over time is performing dual functionality. In addition to providing users with an outstanding geographic location service with accuracy and speed, it also aims to create a completely decentralized platform. In a nutshell, a system where only users and applications intervene and correlate without the intervention of third parties or intermediaries, reducing the real high cost globally. In fact, you only need to see the amount of money moving the markets depending on the location, not less than $ 11 trillion a year. If you compare them with other markets (about $ 400 billion in total capitalization of all secrets, or $ 2.77 trillion in B2C online sales)

Here are some examples of what this might mean in practice:

– Amazon may switch to the payment model when delivery, whereby a package is tracked until it reaches your front door and you only pay for it once it is with you.

– Hotel review sites may know whether people have actually traveled to stay in a particular hotel that they have just reviewed, thereby removing fake reviews.

– Hand luggage can be tracked more accurately, so if luggage does not arrive, you will know its exact location and can track its progress back to where it should be.

– Medical equipment can be monitored to ensure it arrives on time and on time

– The pet tracking can be used, so if your cat is missing, you will know exactly where it is with high precision and the appropriate authorities can be warned. to pick it up.

– Here are some clear applications for XYO technology, but there are indeed limitless applications.

Where are the Blockchain?

Now you may be wondering — this sounds all nice, but which blockchain goes into the image and why it is needed? Surely these devices can only communicate with each other anyway, without the blockchain?

Yes, XYO Network has developed a special Proof of Origin and Proof of

Witness and therefore aims to make location verification unreliable.

The beauty of the blockchain is that it can perform automatic smart contracts if it meets the criteria.

It sets up a system that says “if x happens, do y .” In this case, x might be “if Amazon successfully handles the parcel for this person’s home” and he can “pay for the item from that person. “

So, the XYO Network will incorporate all the IoT’s revolutionary connection devices with blockchain to make agreed things happen automatically and do not need the average man to verify them.

It is a very audacious vision and if it works in practice, can make a lot of different tasks more effective and transparent.

The XYO Network allows you to build a virtual panorama based on accuracy and accurate information transmission. This will not give way to mistakes and every venue is expected to have a level of detail unique in its style. In addition, security also plays an extremely important role at all times. Thanks to the guards, you can not forge a place, address or device. The entire database will be protected properly.

On the other hand, the “bridge” that constitutes the XYO Network is responsible for ensuring that information is transmitted properly and in a short time. This is how data transfer, regardless of their size, can be done quickly.

For file cabinets, this is a special technology that is only used by XYO to protect and store all types of data. Data backup is done in a way that is decentralized. Finally, fortune tellers are responsible for confirming the authenticity of all information coming in the system. This is how each device is perfectly matched to maintain the balance and excellence of the XYO Network.

ICO Details

Here are the main details of the ICO:

Token Identifier: XYOType of contract: ERC20The ICO is open: March 20, 2018ICO ends: May 20, 2018Total XYO offer: limited to the total purchase during the sale of the card, not create additional cardsPrice: 1 ETH = 100,000 original XYO and 1 ETH = 33,333 XYO at the maximumAccepted Payments: TBCThe XYO Token

The purpose of XYO Token (XYO) will be for smart contract developers to use it to access geographic location verification from the real world.

If you have a smart contract on the XYO network, for example, Amazon uses it with their package to pay for delivery, they will need a XYO card for their smart deal to contact the device. Iodine.

This means more use of the XYO Network, the cards will be used more.

TeamArie Trouw — Founder and ArchitectHe is an accomplished serial entrepreneur with a rich history of technological breakthroughs and business successesScott Schepher — Co-founder and Head of MarketingHe has worked on many exciting ventures with talented group of people.Markus Levin — Co-founder and Head of OperationsHe has 15 years of experience in managing and growing some companies around the world.William Long — Head of HardwareHe has over 25 years of experience in engineering management and the development of electrical engineering.Christine Sako — Head of AnalyticsShe has an extensive background in mathematics and has worked in upper management for five years.Roadmap2017: XY launched the world’s first hybrid GPS and Bluetooth technology enabled device — XYGPS. The company crosses 1,000,000 beacon mark and its blockchain based Oracle network is born.Q1 and Q2 2018: The company mints the first XYO Token for smart contracts to access XYO Network . Development of XY Oracle Testnet to be completed. Rolling out of location-based blockchain protocol to its sentinel devices.Q3 and Q4 2018: Launching of XY Oracle Main Network XY MainNet. API to be completed for smart contract developers to interact with XY Oracle Network. Release of XY sticker-based trackers for ecommerce packages.2019: XY to grow the global network of diversified location sentinel devices. Launch of SatoshiXY VitalikXY LEO Satellite Sentinels. Formalization of business partnerships with enterprises to leverage the benefits of decentralized, trustless location oracle.2020: Expansion of the global reach of entire XY Oracle Network.SummaryXYO Network has four primary components.Sentinels or the data gatherersBridges or the data relayersArchivists or the data stores, andDiviners or the answer aggregators.Sentinels gather information about the location through multiple means like sensors and radios. Bridges collect this data from Sentinels and provide it to the Archivists who store the data for analysis by the Diviners. The Diviners analyze the location heuristics to generate answers to queries and relay the answer back into a smart contract. The accuracy score or the Origin Chain Score is determined through Proofs of Origin Chain, which are essentially a set of zero knowledge proofs. The chain guarantees multiple pieces of data which is originated from the same source, all the while not revealing any underlying information. Each component of the query generates its own Proof of Origin which is chained to each component it relays data to. The Proof of Origin is a novel formulation in the sense that it builds a chain of cryptographic guarantees along a path of relays in the network. This is done to achieve high confidence of real world data. The Proof of Origin Chain encapsulates the confidence a user can have about the location data. This can be tracked to the very first device that gathered the data.Website: https://xyo.network

ANN THREAD : https://bitcointalk.org/index.php?topic=3040825.0

Bounty: https://bitcointalk.org/index.php?topic=3053801.0

White paper: https://xyo.network/whitepaper

Telegram: https://t.me/xyonetwork

Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1255620

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Offering Goods and Services Based on Blockchain Is No Longer Allowed on Taobao

The list of banned goods and services of the Chinese online auction Taobao now contains products and services that are associated with cryptocurrency and blockchain technology. The innovation will come into force after the 17th of April.

Now private sellers are no longer able to sell services within the site, related to technological developments, marketing, preparation of business proposals and other things related to ICO. Moreover, only trade associated with digital currencies, equipment for mining and rates for mining cryptocurrency was banned on Taobao, and now the ban included services and goods on the blockchain.

Taobao adopted more stringent requirements for trade on its platform because of the ban on ICO by the authorities of the People’s Republic of China in September of 2017. Despite this, many traders continued to sell services and goods related to cryptocurrency under the pretext of “I.CO”.

We would like to remind you that there appeared information about the launch of the mining platform by the Chinese online retailer Alibaba in January of this year, which was soon quickly disproved.

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KYRLL PLATFORM:AUTOMATED CRYPTO TRADING STRATEGIES MADE SIMPLE

Good day everyone,i would be writing on the KRYLL PLATFORM,i introduced the KRYLL PLATFORM on my last write up,follow this link to check it out https://medium.com/@lekejustinakinkurolere/introduction-to-kryll-platform-72648e213d8c . This time i would be writing on the following which are;

FEATURESBUSINESS PLANKRYLL TOKEN SALEROAD MAP

FEAUTRES

some of the major features possessed by the KRYLL PLATORM are listed below;

DEFINING STRATEGIES MADE SIMPLE: With their Wysiwyt™ (What You See Is What You Trade) flow-based technology you can intuitively create your own automated trading strategy.POWERFUL BLOCKS: They offer simple logical operators, markets indicators, value triggers, enhanced technical analysis, media opinion mining and deep-learning predictions; all this will help build your flows and create automated winning strategies.ADVANCED TESTING: Benchmark your strategies throught real-time sandboxes and massive Kryll.io back-testing capabilities (250 pairs, 1 second frequency, 6 months data history…).

BUSINESS PLAN

The token sale will fund the development of the platform as well as provide marketing power to get onboard new users. After that step, users using it in live trading will pay a fee that’ll be recouped over time to cover the exploitation, maintenance and extension of Kryll. Their past entrepreneurial endeavors tell us that 3 years business plans are unreliable given the reality of highly variable environments, which is all the more true in the cryptocurrency world. Nevertheless, we’ve projected one anyways !

Using Bittrex as an example and based on a rough estimate, if there are 0.2% of monthly users on the platform in 2019 spending the equivalent of 6 USD per month in KRL (10 KRL) on average, the operating cost of the platform will be covered. Given this, they will be able to invest a third of the revenue into R&D projects in addition to keeping on innovating on the platform.

A FAIR BUSINESS MODEL

Free to create and test. Pay-per-use strategies. Earn Krylls by sharing your strategies.

SMART ECONOMY

Create your strategies for freeTest as much as you want.Pay-per-use for live trading onlyUnlock rewards and join the contest programs to earn extra KRL coins.

USER CENTERED

Pick user-created strategies in the marketplaceLearn from best stragegy creatorsEarn passive KRL income as a strategy providerEnjoy the Kryll.io reputation system and climb the platform’s leaderboards.A FAIR BUSINESS PLAN MODEL

KYRLL TOKEN SALE DETAILS

First of all before going in-depth into the token details.You must know WHY A TOKEN SALE?.This would be explained below,

Why a Token Sale ?

An Initial Token Sale or Initial Coin Offering (ICO) is the event for a cryptocurrency project such as Kryll platform to sell its cryptocurrency tokens (KRL) to early adopters and enthusiasts in exchange for funding. This is an opportunity for Kryll platform to fund the future development of the platform and for the purchasers of tokens to participate in the early stage of the project. From the Kryll.io platform’s point of view, it is also an unique opportunity to inform future users (whether they actually participate in the sale or not) about features they’ll be able to enjoy on the platform. Moreover, users who’ll have taken part in the Initial Token Sale will benefit from an early glimpse at the platform when the “funders” version is released.

TOKEN SALE

To implement Kryll.io’s vision, they are launching a Token sale to issue Kryll tokens (KRL) on the Ethereum blockchain. ERC20 Kryll tokens will be issued by smart-contract at the end of the Token sale (April 2018).

TOKEN EMISSION: A maximum supply of 72 millions KRL tokens will be generated including 40 millions KRL tokens for sale. Unsold KRL tokens will not be generated.

COMMUNITY TOKENS:16 millions KRL tokens will be shared between bounties, future competitions, PR, user acquisition.

CORPORATE TOKEN:16 millions KRL tokens will be shared between advisors and founders of the Kryll.io platform. Founders tokens will be vested for 12 months after the sale.

TOKEN ALLOCATION.

TOKEN SALE INFORMATION

Start Date: 7th of February 2018 at 12 noon UTC,

End Date :April 20th 2018–12:00 noon UTC Token,

Name: KRL,

Token on Sale: 40,000,000 KRL ,

Hard Cap (excl. bonuses): About 8,000,000 USD,

Price of KRL Token :0.2 USD ,

Minimum Contribution :500 KRL ,

Max Supply: 72,000,000 KRL ,

Further Token Issuance: No tokens to be issued after the sale, unsold tokens will not be generated,

Accepted currencies: BTC — BCH — ETH — LTC — ZEC — DASH.

Users registered and having participated in the token sale will be invited to the alpha (dubbed “funders edition”) version of the platform.

Funds usage

— 54% : Platform development,

— 18% : Marketing expenses, user acquisition,

— 15% : Exchange partnerships,

— 09% : Operational costs, office, hosting,

— 03% : Security reserve,

— 01% : Legal expenses.

FUND USAGE

Exchange listing

After the Token sale, the team will work with the following exchanges in order to have the token listed, so that every trader that hasn’t bought tokens through the initial token sale will still buy some and hence use the platform in live trading : Cryptopia, KuCoin, HitBTC, Bittrex.

ROAD MAP

The Kryll.io platform has a 7 stage roadmap, spanning approximately 3 years that is summarized below.

PROJECT ROAD MAP

MAKE SURE YOU PARTICIPATE IN THIS GREAT PLATFORM.

THANKS FOR READING.

To know more about this platform;

visit the website: https://kryll.io/

whitepaper link: https://kryll.io/pdf/WhitePaper.pdf

join telegram group: https://t.me/kryll_io

my bitcointalk link: https://bitcointalk.org/index.php?action=profile;u=1070043;

ANN/BOUNTY THREAD: https://bitcointalk.org/index.php?topic=2792957.0

more info…

Japan Has 3.5 Million Crypto Traders Says FSA

Japan’s Financial Services Authority (FSA) is the first of its kind to provide detailed actual data on cryptonians following the publication of results shared by Japan based crypto exchanges. The…

The post Japan Has 3.5 Million Crypto Traders Says FSA appeared first on Trustnodes.

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