![](https://steemitimages.com/DQmaavqSw2RnMV6AvgKvFodSBZ6fRwTh9havegwLdSo6AmE/image.png)
[photo](https://unsplash.com/photos/yeSFK3x3p7M)
Hello friends! All of us sooner or later think about the location of a particular product.
For example, when we order something through an online store, we constantly monitor its location, when we give our car to someone for use, we are always worried - where he is now. But I have good news for you.
https://youtu.be/3cl6bYwImDI
XYO launches a new view of Blockchain, the project team creates an XYO network that consists of four main components: Sentinels, Bridges, Archivists, and Diviners. I will not describe what functions each of them performs, you can easily find this information on the project's [website](https://xyo.network/technology/) and in [WhitePeper](https://xyo.network/whitepaper). I will only say that these four components ensure the uninterrupted service of the XYO network. Many of us know what a smart contract is. In short, a smart contract is a condition in which the parties can exchange assets (money, real estate, shares, etc.) In order to fulfill the terms of the smart contract, it is necessary to have a decentralized network where all participants could have the same rights. The first platform, which began to widely use smart contracts, is considered to be the Etherium.


Network XYO in principle, like the Etherium in 2013, changes and develops the very concept of the blockchain. But unlike the Etherium, XYO Network allows technologies to capture a new dimension in this case is geolocation.
![](https://steemitimages.com/DQmUG4hXS92utyqqFjrt17z2L5pugFsTj8KdsgCzb5FaXQU/image.png)

To better understand what XYO Network offers us, let's take a look at one example:
Imagine that we ordered an via expensive online store, let it be a yacht - "Princess" and we have to deliver it from the states of the transport company. We naturally worry, because this is our first yacht earned for crypto, which will carry us and our family members to the personal island of Swains Cay Andros, Bahamas. But now thanks to the XY network, Oracle Network, and its new Blockchain do not have to worry.
Because the developers of XYO Network implemented a decentralized, defenseless system for tracking and locating the goods. Its decentralized nature allows even airlines to use each other's networks without compromising the safety of the airline network or the need to coordinate system updates. This means that if you are in Bali while waiting for your yacht, and your yacht does not know where to drive to you on all sails, thanks to Bluetooth and GPS beacons, we can instantly determine its location by accessing the XYO Network Ledger. XYO Network is not limited to only logistics in its network includes many more applications:
1. E-commerce;
2. Medical services and hospitals;
3. Car rental;
4. Logistics;
5. Insurance agencies;
6. The National Security Agency;
7. Package delivery systems Drone;
8. High-quality diamond and rare stones (soon);
9. Autonomous self-propelled vehicles (soon);
10. Gambling (coming soon).

In my opinion this is a full-fledged network covering a large field of application.
Let's move from yachts and islands to selling tokens.
* Token Generation XYO Token uses the standard of the marker ERC-20 platform Ethereum; To ensure the safe purchase of XYO tokens, the team uses a third-party firm to test its smart contract to match the best practices.

* A total of 100,000,000,000 tokens are planned to be released during the sale (all non-traded tokens after ICO will be burned and will no longer be issued as opposed to the Etherium). This additionally should affect the price increase in the future. The shortage of goods automatically raises demand for it.

* The price of the token, depending on the selling phase, starts with 1 ETH: 100,000 XYO and up to 1 ETH: 33,333 XYO. (This means after the end of the token-sale, the price will already grow three times, so it's better not to pull).

* In addition, the XYO token can be mined, but not in the usual way, as now do the miners, but by providing accurate location verification data on the network (just as the miners who compute cryptographic formulas are rewarded in bitcoin or ether, that is, proof of work). The diagram of XYO Network and technological components can be found on the [Technology page](https://xyo.network/technology/).

#### Conclusion
To summarize, I want to draw your attention to the key points of XY Oracle Network.
In my opinion, if the Etherium is created for the electronic world, then the XY Oracle Network, is designed to allow blockchain developers to interact with the real world.
This allows you to look at the blockchain on the other hand, which inevitably should affect the price of XYO in the future.

* Blockchain developers will be able to create their own smart contracts, thereby further developing this direction;
* Opportunity of a new type of earnings is opened, by providing location data;
* The Ethereum platform is already in need of strong improvements, according to XYO developers the link to geolocation will be this missing link;
* The XYO network exists since 2012 and has more than 1 million Bluetooth and GPS devices;
* User-friendly Web client: XY Gamma;
* Trackability from pencils to aircraft.
If you personally want to communicate with the project team, then this can easily be done in telegrams to the group: https://t.me/xyonetwork
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<center>[WEBSITE](https://www.xyo.network/) | [WHITEPAPER ](https://docs.xyo.network/XYO-White-Paper.pdf)| [ANN THREAD](https://bitcointalk.org/index.php?topic=3040825.0) | [BOUNTY](https://bitcointalk.org/index.php?topic=3053801.0)</center>
***
Bitcointalk username: Stasnislav11
Profile link: https://bitcointalk.org/index.php?action=profile;u=1210277
ETH-wallet: 0xc422A02dBE113e69Edb643dB7808b424aC15E9a7