XYO is an Ethereum-based ERC-20 token that powers the XYO Network, a decentralized network of devices that anonymously collect and validate geospatial data.
Key Features:
- Decentralized Data Collection: The network incentivizes participants to gather and share data, enhancing data validity and certainty.
- Proof-of-Origin Mechanism: Utilizes cryptographic proofs to verify and validate geospatial data, ensuring its authenticity.
Token Utility:
- Incentivization: Participants are rewarded with XYO tokens for contributing data to the network.
- Payment for Services: XYO tokens are used to pay for services within the XYO Platform.
Market Data (as of January 28, 2025):
- Current Price: $0.01532 USD
- 24-Hour Trading Volume: Approximately $6.16 million
- Market Capitalization: Around $207.77 million
- Circulating Supply: Approximately 13.47 billion XYO tokens
- Total Supply: 13.93 billion XYO tokens
Historical Price Performance:
- All-Time High: $0.08203 on November 6, 2021
- All-Time Low: $0.00009607 on March 13, 2020
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Use Cases:
- Data Aggregation: Collects and validates geospatial data for various applications.
- AI Modeling: Provides reliable data for artificial intelligence models.
- Metaverse Applications: Supplies verified geospatial data for virtual environments.
- Data Analytics: Offers accurate data for analytical purposes.
Development History:
Founded in 2018, XYO has evolved from focusing solely on location data to aggregating a wide range of heuristic and digital data, expanding its applications in the Web3 space.
Considerations:
- Volatility: The token has experienced significant price fluctuations, reaching an all-time high of $0.08203 in November 2021 and an all-time low of $0.00009607 in March 2020.
- Market Position: As of January 28, 2025, XYO is ranked #277 by market capitalization.
