What is XYO Network (XYO), How and Where to Buy?

Esat Demirtaş 22 February 2022Last Updated: 16 April 2023

4 minutes read

What is XYO Network (XYO), How and Where to Buy?

Although there are thousands of projects and cryptocurrencies in the crypto markets, only some of them can achieve success. XYO Network and XYO Token have also managed to stand out as popular crypto projects and crypto money of recent times.

Recently, questions such as what is XYO Network and what is XYO Token have started to be asked quite often about XYO Network (XYO), which is frequently mentioned by analysts and segments that appeal to a certain community.

In this content, we will try to convey the answers to the most frequently asked questions and curious details about XYO Network (XYO).

Contents

What is XYO Network?

XYO Network; It is a network of devices that anonymously collects and validates geographic data or data with a geographic component.

Founded in late 2017 and using the name XY Oracle Network, XYO Network was created and developed by the XY Labs team.

To increase understanding of the unique benefits of a scalable, incentivized location data protocol, XYO Network has emerged as open source, recognizing that the time has come for a new vision to bring the technology to developers around the world.

XYO Network, whose mission is to facilitate the research and continuous development of an incentive-oriented geological location network to increase the understanding of the public interest, is to attract volunteer and willing developers from all over the world to the project and to ensure that the project is more stable.

XYO Network has an app called Coin App. Users using this application earn coins in return by verifying the geological data through the application while traveling.

In addition to the Coin App, XYO Network has two devices called SentinelX BLE and SentinelX NFC. Derived from the words Sentinel Extension and commonly called SentinelX, these devices increase the value of the geographic data provided and enable users to earn more rewards. These two devices, which only differ in design, do not differ from each other in terms of functionality.

What is XYO Token?

XYO Token; It is the native token of XYO Network and is an Ethereum ERC20 based token unit.

XYO Token, which plays a leading role in the calculation of smart contracts created in the XYO Network, is also used in rewards distributed through the COIN App.

With a total supply of 13,960,974,963 XYO Tokens, there is a circulating supply of 12,844,821,266 pieces, and there is no clear information about the maximum supply.

Where to Buy XYO Token?

XYO Token; since it is an Ethereum-based token, there are basically two ways to buy it:

Buying on the UniSwap DEX platform,
Buying from central crypto exchanges listing XYO Tokens.

You can easily buy XYO Tokens either way. If you are a long-term investor, you can buy XYO Tokens with UniSwap via Trustwallet or Metamask wallet, but if you want to buy easily and trade as a trader, we recommend centralized exchanges.

How to Buy XYO Token?

If you are going to prefer a central crypto exchange to buy XYO Tokens, you can follow the steps below to buy XYO on Gate.io Exchange, which lists XYO Tokens:

Login to your Gate.io Exchange account. If you do not have an account on the Gate.io Exchange, click here to create one.
Transfer the amount of XYO you want to buy after logging into your account. You can use the Tron (TRX) cryptocurrency due to convenient transfer fees.
After your transfer is received on your Gate.io account, go to the Markets page and first convert your transfer to Tether (USDT) and then enter XYO in the search section and select the XYO/USDT parity.
On the page that opens, determine the amount you want to buy and click the Buy XYO (Buy XYO) button to complete the purchase.

If you are looking for a detailed guide on the use of Gate.io Exchange, you can review our article titled Gate.io Exchange and Detailed User Guide.

Frequently Asked Questions About XYO Network (XYO)

In this area, we will try to answer the most frequently asked questions about XYO Network and XYO Token. This area will be regularly updated upon requests and questions from you.

What is XYO Coin?

XYO Network; XYO is a token unit, not a coin, as it is on the Ethereum blockchain and does not have a private blockchain. Therefore, the terms XYO Coin or XYO Network Coin are incorrect terms.

Is XYO Network (XYO) a Future Project?

XYO Network, which is a project in the corporate structure of many platforms such as Foursquare, Swarm, which we can logically call Google Maps, Yandex Maps and social media platform, adapted to blockchain technology; It is also among the projects that are believed to have a future, as it also provides crypto money earnings.

In addition, since the project implemented by XYO Network is almost unrivaled, it is believed that it will be successful for this reason.

On Which Exchanges Is XYO Network (XYO) Available?

XYO Network; while it is currently on UniSwap as a DEX platform, it can be purchased through Gate.io Exchange in the most reliable way, although it is included in many crypto exchanges from central crypto exchanges.