XYO Network (XYO) | Proof of Location Oracle Network (ICO REVIEW)

Attention Steemians!

Today I'll be covering XYO, a super innovative proof of origin based Cryptocurrency project with more than 1 million location beacons distributed throughout the world!

Introducing XYO

XY Network, combined with their native token (XYO), have developed a super unique location based cryptocurrency with the integration of Ethereum smart contracts. XYO tokens can be thought of as a GAS to the XY network. Businesses and individuals will query the XY network to determine the location of an object. Using blockchain technology, payments can be securely processed and the information can be relayed almost instantly. This project may be highly applicable for the ecommerce industry and its use cases can be viewed in the documentation section of the website at https://xyo.network/whitepaper/

The team

The team at XY are very exciting. Founder of XYO, Arie Trouw is well established, coming from a computer science background to an accomplished entrepreneur, being involved in various technology advancements. Scott Scheper, also a well established businessman, created a fully autonomous advertising agency, from his laptop during his holidays.

View the team in more detail at https://xyo.network/team/

The ICO

Some quick info on the ICO...

For every token sold, one token will be awarded to the XY findables company
3.2 Billion tokens will be initially generated for the company on the team.
The ICO is uncapped
All unsold or unallocated tokens will be burned
1 ETH = 100,000 XYO
ICO starts in 9 days... Whitelist here https://app.xyo.network/whitelist

ICO Ratings

This ICO was reviewed and rated at ICO bench and scored 3.9 out of 5.

See the review here https://icobench.com/ico/xyo-network

Extras

Website - https://xyo.network/
Deck - https://docs.xyo.network/XYO-Deck.pdf
Telegram channel - https://t.me/joinchat/GVfdkUtqtEQ5CC2xXYMqlQ
My video review -

Wrap-up

Overall, I think XYO is a unique bloclchain startup and I think the technology will be in high demand as long as the network fees are low, the transactions are fast, and the smart contracts execute efficiently.

My biggest concerns are the token supply and the demand for the service.

Let me know what you guys think!

Please UPVOTE for more.

TCG