Location tracking just got easier with the XY Oracle Network. Pin point location of items and places rely on centralized data, algorithms, reporting storage and need to be continually updated according land marks and other factors. All the processing and long term storage makes data susceptible to corruption and manipulation. These glitches that are in the current location system make some transactions that are supposed to be location based to be susceptible to compromise, and from this, major fraudulent activities have been successfully carried out. In fact, many locations have actually never been officially recognized and so, precision at those locations will be practically impossible since landmarks have not been uploaded into any official data base.
With the expertise of the XY Oracle Network and their experience of over six years of Bluetooth and GPRS technology, they plan to map out the world by using one device as the landmark for another, and one person as the landmark of another. With their block chained decentralized technology, there will be no need for long term information storing reducing the risk of information getting corrupted, manipulated or lost, and since there are no official permanent landmarks, any location that is needed for the security of a transaction can easily be tracked down as far as there are other people around him using the XYO Network. This even gets as real as looking for where you dropped your purse and finding a car in a parking lot; physical tracking beacons can be placed on these devices that will reveal their location in real time.
The XYO Network will use four primary components: Sentinels (The Data Gatherers),
Bridges (The Data Relays), Archivists (The Data Storers), and Diviners (The Answer
Aggregators). These four groups of people are the everyday users that are used as landmarks, data relays and the other parts of the system and are rewarded with XYO Network tokens when their functions have been used to locate a particular items location even without their conscious effort.
The XY Oracle Network will carry out its ICO funding process as follows:
- TOKEN PRICE: 1 ETH: 100,000 XYO and maxes out at 1 ETH: 33,333 XYO.
- Smart contract platform: Ethereum
- Contract Type: ERC20
- Token: XYO
- Token Name: XYO Network Utility Token
- Token Address: 0x55296f69f40ea6d20e478533c15a6b08b654e758
- Total issuance: Finite and capped at the amount reached after the Token Main Sale
- Projected XYO Token Cap: $48 Million
- Unsold and Unallocated tokens: Burned after the token sale event. No further XYO
tokens will be generated after the Main Sale ends.
WEBSITE: https://xyo.network/
ANNOUNCEMENT THREAD: https://bitcointalk.org/index.php?topic=3040825.0
TELEGRAM: https://t.me/xyonetwork
MY BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=2002393