Coinbase
How to Buy XYO
Good news! You can buy XYO on Coinbase's centralized exchange. We've included detailed instructions to make it easier for you to buy XYO.
Read more
Create a Coinbase account to buy and sell XYO on the most secure crypto exchange.
XYO is an Ethereum token that powers XYO Network, a decentralized network of devices that anonymously collect and validate geospatial data. On the XYO World platform, XYO tokens can be traded for and staked against unique ERC-721 tokens representing real-world locations.
XYO is a unique digital asset that operates on the Ethereum platform. It aims to establish a trustless, cryptographic location network that leverages blockchain technology and real-world data collection. The XYO Network, also known as the XY Oracle Network, is designed to enable layered location verification across various device classes and protocols. At its core, it utilizes novel cryptographic mechanisms known as Proof of Origin & Bound Witness. These mechanisms strive to establish a high degree of data certainty on location information, eliminating the need for centralized entities controlling the flow of location data.
The XYO Network operates through a set of abstractions that aim to reduce the risk of location spoofing through a chain of zero-knowledge proofs. The network comprises four primary components: Sentinels, Bridges, Archivists, and Diviners. Sentinels gather location information, Bridges relay this data to Archivists, who then store this information for Diviners to analyze. Diviners analyze location heuristics from Archivists to generate answers to queries and assign accuracy scores to them. The accuracy score, named the Origin Chain Score, is determined through a set of zero-knowledge proofs known as a Proof of Origin Chain. This chain guarantees that two or more pieces of data originated from the same source without revealing any underlying information.
XYO aims to enable developers to interact with the physical world as if it were an API. It seeks to make location verification trustless, creating a protocol with novel use cases that have not been possible until today. For instance, XYO can be used to verify the location of a physical item without the need for a centralized third party. This could be particularly useful in scenarios where the location of an item is crucial, such as in supply chain management or asset tracking. Furthermore, XYO's Bluetooth and GPS devices allow everyday consumers to place physical tracking beacons on items they want to keep track of, such as keys, luggage, bikes, and even pets.
The concept of XYO was introduced in January 2018 by Arie Trouw, Markus Levin, and Scott Scheper. The team recognized the growing need for a trustless, decentralized location oracle due to the increasing presence of connected, location-reliant technologies. They proposed the XYO Network as a solution to this problem. Over the years, the XYO Network has grown significantly, with over 1,000,000 devices circulating worldwide. This growth has been facilitated by their consumer-facing business, which allows everyday consumers to use XYO's Bluetooth and GPS devices for tracking their belongings. The concept of provable location, which is central to XYO, has been around since the 1960s, but XYO has brought a novel approach to this concept by focusing on proving the origin of physical location signals.
XYO participates in the creation of decentralized and trustless location-based services by providing a cryptographic location network. This network aims to establish a high degree of data certainty on location information through a chain of zero-knowledge proofs. The XYO Oracle Network, an integral part of this system, enables layered location verification across various device classes and protocols. It uses novel cryptographic mechanisms known as Proof of Origin and Bound Witness to tie together blockchain technology and real-world data collection. This system seeks to reduce reliance on centralized entities controlling the flow of location data, with an intention to improve privacy and safety. XYO's network comprises four primary components: Sentinels (Data Gatherers), Bridges (Data Relayers), Archivists (Data Storers), and Diviners (Answer Aggregators). These components work together to ensure the accuracy and validity of location data, positioning XYO as a participant in the creation of decentralized and trustless location-based services.
XYO Network provides several features for developers aiming to integrate location data into their applications. It offers a decentralized and trustless system for verifying location data, which is relevant for various applications such as supply chain management and asset tracking. This system aims to enhance the accuracy and reliability of location-based transactions. XYO utilizes a unique Proof of Origin consensus algorithm. This algorithm aims to improve security and reduce fraudulent activities. XYO's network of devices allows for integration with existing blockchain platforms, making it easier for developers to incorporate location-based services into their applications. Overall, XYO aims to contribute to transparency, security, and efficiency within the cryptocurrency space.
The XYO token (XYO) is a crucial part of the XYO Network. The network consists of four main components: Sentinels, Bridges, Archivists, and Diviners. Sentinels are location witnesses that gather data and produce temporal ledgers. Bridges securely relay this data from Sentinels to Archivists, who store and index the information. Diviners then analyze this data to provide an answer to a location-based query. The XYO token serves as a non-monetary reward for these components to contribute accurate and honest location information. When the data contributed by a Sentinel, Bridge, Archivist, or Diviner is utilized to respond to a query, they receive XYO tokens as non-financial incentives. This system strives to establish a protocol for crypto-location that can interact with any smart contract capable, public blockchain, providing a degree of certainty on location data through a chain of cryptographic proofs.
XYO operates on a specific set of blockchain rules that focus on sovereignty, permanence, and provenance in its technologies. The XYO network is divided into four main components: Sentinels, Bridges, Archivists, and Diviners. Sentinels are responsible for collecting location-related data, which Bridges then transfer to Archivists. Archivists store this information where Diviners can easily access it for analysis. Diviners then generate answers to queries and assign them with accuracy scores. The XYO token facilitates all transactions within the XYO ecosystem. The platform utilizes a proof of stake consensus mechanism, which is intended to assist the network in reaching a consensus in a decentralized manner.
Earn free crypto after making your first purchase. Terms apply.
Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
$105.2M
$848,090.95
13.5B XYO
34 days
#418
$0.0834
0%
-4.63%
+4.41%
-8.63%
-29.37%
+95.54%
A selection of conversions from different assets to top cryptocurrencies.
A selection of conversions for different assets and currencies.
SKL - TOP
SKALE - Tongan Paʻanga
RARE - BIF
SuperRare - Burundian Franc
AUCTION - NPR
Bounce Token - Nepalese Rupee
DEXT - GHS
DEXTools - Ghanaian Cedi
ALCX - UGX
Alchemix - Ugandan Shilling
DAI - MVR
Dai - Maldivian Rufiyaa
AERGO - CAD
Aergo - Canadian Dollar
PYUSD - PKR
PayPal USD - Pakistani Rupee
API3 - ZMK
API3 - Zambian Kwacha
SUKU - IMP
SUKU - Isle of Man Pound
ENJ - SCR
Enjin Coin - Seychellois Rupee
ANKR - MKD
Ankr - Macedonian Denar
Assets with the biggest change in unique page views on coinbase.com over the past 24 hours.
A selection of cryptocurrencies in the top 50 by market cap.
A selection of the most recently added cryptocurrencies.
Of all the assets on Coinbase, these 12 are the closest to XYO in market cap.
Here is a selection of spot and futures markets that people watch
A selection of other relevant cryptocurrencies
169 unique individuals are talking about XYO and it is ranked #558 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, XYO has an average sentiment score of 3.2 out of 5. Finally, XYO is becoming more newsworthy, with 0 news articles published about XYO. This is a 0% increase in news volume compared to yesterday.
On Twitter, people are mostly neutral about XYO. There were 41.77% of tweets with bullish sentiment compared to 7.59% of tweets with a bearish sentiment about XYO. 50.63% of tweets were neutral about XYO. These sentiments are based on 79 tweets.
On Reddit, XYO was mentioned in 29 Reddit posts and there were 57 comments about XYO. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
Powered by LunarCrush
169 people
67 posts
0.01%
#558
3.2 out of 5
79 people
41.77%
Bullish
50.63%
Neutral
7.59%
Bearish
29
57
91
81
XYO/CAD (Canadian Dollar)
CA$0.0108
XYO/GBP (British Pound)
£0.0063
XYO/BRL (Real)
R$0.0397
XYO/EUR (Euro)
€0.0073
XYO/NGN (Nigerian Naira)
NGN 11.13
XYO/SGD (Singapore Dollar)
S$0.0106
Learn how we collect your information by visiting our Privacy Policy.
The current price is $0.0078 per XYO with a 24-hour trading volume of $848.09K. Currently, XYO is valued at 90.61% below its all time high of $0.0834. This all-time high was the highest price paid for XYO since its launch.
The current circulating supply of XYO is 13,476,747,692 XYO which means that XYO has as total market cap of 13,476,747,692.
We update our XYO to USD currency in real-time. Get the live price of XYO on Coinbase.
The current market cap of XYO is $105.24M. A high market cap implies that the asset is highly valued by the market.
The all-time high of XYO is $0.0834. This all-time high is highest price paid for XYO since it was launched.
Over the last 24 hours, the trading volume of XYO is $848.09K.
Assets that have a similar market cap to XYO include Star Atlas DAO, tomiNet, MediBloc, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of XYO is 13 billion.
The median time that Coinbase customers hold XYO before selling it or sending it to another account or address is 34 days.
XYO ranks 52 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Currently, 93% of Coinbase users are buying XYO. In other words, 93% of Coinbase customers have increased their net position in XYO over the past 24 hours through trading.
Yes, XYO is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy XYO guide.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.