ICO Review: XYO Network

Name of ICO: XYO Network

Summary of ICO: XYO Networks is creating a completely decentralised network of location beacons. This will allow users of the XYO network to create smart contracts which include geo location for specific objects. For example, a smart contract can be written which releases payment only when an object reaches a particular location.

Token Name: XYO

Type of token: ERC-20 compliant token created on the Ethereum blockchain.

Start date of ICO: March 20th 2018

Price of XYO token: XYO token was set at an initial price of 100,000 XYO tokens for every 1 ETH. Every time XYO token is purchased during the ICO the price increase. The prices increases until the exchange rate is 33,333.33 XYO to 1 ETH. At this point the price stabilises until the end of the ICO.

XYO Network Website: https://xyo.network/

XYO Network Twitter: https://twitter.com/XYOracleNetwork

XYO Network Facebook: https://www.facebook.com/xyonetwork

XYO Network Instagram: https://www.instagram.com/xyoraclenetwork/

XYO Whitepaper: https://xyo.network/whitepaper/

Team:

Founder & Architect: Arie Trouw
Co-founder & Head of Marketing: Scott Scheper
Co-founder & Head of Operations: Markus Levin
Head of Hardware: William Long
Head of Analytics: Christine Sako
Head of Media: Johnny Kolasinski
Senior Design Engineer: Lee Kohse
Customer Experience Manager: Jordan Trouw

Uses for XYO Network:

There are diverse range of different use cases for the XYO network but some of the most important ones include:

Airline luggage logistics – Every year lost luggage costs airlines billions of dollars. Airlines could use XYO Network to instantly located luggage. This could be used across different airlines without harming security due to the decentralised and trustless nature of XYO Networks.

eCommerce – Close to a third of eCommerce customers have had a package stolen from their doorstep. Online merchants could offer a service which guarantees secure delivery. Payment would only occur if the package is safely inside the buyers residence.

Rental Cars – Lost keys cost rental cars millions of dollars and cause significant logistical problems. XYO Networks would make it easy to identify the location of keys at any given point in time.

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