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Turkmenistan
2 Level
64 Review
317 Karma

Review on XYO by Saparov Meylis

Revainrating 4 out of 5

XYO: My review on the XYO project!!!

CRYPTO-ECONOMIC INCENTIVES FOR LONG-TERM VALUE & nbsp;

Built into the cryptoeconomic tools of the XYO network, innovative tools to incentivize both XYO miners and token holders that reward healthy liquidity, low transaction fees and long-term value. & Nbsp;

ALL NON-SALE IRONS TURNOVER AFTER SALES

In order to reward those who purchased XYO Tokens during the current token sale period, all tokens that were not sold after the completion of the token generation event will be burned; thus, the tokens purchased at the time of the sale become a limited resource that benefits those who purchase the tokens at the time of the sale.

CLEAR & amp; SMART CONTRACT AUDITED ETHEREUM

During the token generation event, the XYO token uses the ERC20 token standard of the Ethereum platform. To ensure the secure purchase of XYO tokens, they hired a third-party firm to audit smart contract audits for best practices.

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Peculiarities

The XYO Network allows smart contracts to access the real world using the ecosystem of XYO Network devices to determine if an object is located at a specific XY coordinate. If so, it is possible to configure applications that perform transactions in the smart contract.

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The XYO Network allows developers to interact with the real world as if it were an API.

Pros
  • it is a highly distributed network of interconnected devices based on smart contact, which allows for multi-level validation of the location of data on devices.
  • Low transaction fees and long term value.
Cons
  • During operation, the platform automatically leaves