Location data and data-reliant service is probably something new, but it holds the key to future’s development. Have you ever heard about the self-driven cars? Or a drone that is used to deliver packages without any human controller? This kind of technology is using location data. Imagine how great it will be when driverless vehicles can be activated or packages can reach their destinations on their own.
XYO is the platform that believes that location data can be used to help people. Focusing on data-reliant service, this platform is about helping the users get accurate answers of locations that can be accessed through GPS. After all, we are surrounded by devices that can send out and receive data location transmission, so why not making use of it? The idea is to find something or track something easily, with the touch of your fingerprints only.
The Use
So, what’s the use of this location data service, anyway? Why would you need such a sophisticated technology? First of all, this technology can be implemented in many sectors in business. In goods distribution, for instance, this technology can be used to trace and monitor delivery, making sure that they reach the destinations safely and intact.
In eCommerce, the same technology can be applied to make sure that buyers receive their packages without having to worry about losing them. In insurance, any reports about stolen cars or other goods can be tracked and verified, making sure that the claimers aren’t making false reports just to get the insurance money.
All in all, the basic objective of this platform is to help users – whether it is for business or personal reason. The development team wants to show the world that data location is crucial – that is it not something to underestimate. This technology may seem unimportant but it can revolutionize the world.
XYO Token Incentives
The tokens aren’t only used as the currency but also to solve problems. You see, many platforms are encouraging their members to hold on to the tokens for a long time. It may seem beneficial from the financial point of view, but it actually creates a possibility of a long-term issue. Instead of supporting liquidity and utility, it creates a ‘stuck’ situation, where the value is scarce. Moreover, most platforms are focusing too much on their miners instead of the users. In XYO, such a thing won’t happen. The ecosystem has been designed in such a way so it will stay robust and well-balanced. The focus is being given to both end users and also miners. For the latter, the miners know when they should provide data and when to stay idle.
XYO tokens are the important part that fuels and drives the system. Requesters can ask about anything but they should be ready with the payments. Every transaction will be recorded and secured by a smart contract, so there is a solid proof for every agreement made on this platform. Anyone interested in investing or helping XYO grow can always come to the site and finalize the token purchase.
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