XYO is an ERC-20 token is a decentralized network of devices that anonymously collects and validates geospatial data, or data with a geographic component. XYO is now available not just on Coinbase Pro, but on Coinbase, the largest cryptocurrency exchange in the U.S. and one of the largest exchanges in the world. – XYO/USD

XYO Foundation is a decentralized data oracle focused on location and other real world actions that makes use of blockchain technology to leverage for location data.

The XYO Foundation offers resources to educate individuals, developers, and enterprises who are excited about the possibilities of a location-based data network built on shared incentives.

The community surrounding XYO has grown and matured since their inception at the close of 2017. The technology that drives the XY Oracle Network has been created and expanded by the XY team. They have a new vision making available the technology to developers around the world to increase understanding of the massive benefits of a scalable, incentivized location data protocol.

They focus on facilitating education, research, and continued development of the XYO Protocol to increase understanding of the public benefit of an incentive driven geospatial location network.

For clarity, geospatial refers to relating to or denoting data that is associated with a particular location. Many different kinds of participations are necessary for XYO as a platform moving forward. XYO will need contributions, creativity, time, network share, and dissemination.  They are looking to encourage their community to contribute what they can offer and to take everything that XYO has to offer in return.  The XYO Foundation gratefully accepts crypto and fiat contributions from interested parties are their tax exemption status is pending.

The XY Oracle Network is a platform for everyone, not just crypto enthusiasts. For those new to blockchain, or who are interested in geospatial applications.  XYO 2.0. is under development and they are in the new phase of their development.

When someone asked, Just to clarify, any XYO token holders are being encouraged to sell their XYO tokens back? Is there any future purpose for XYO tokens? What is going to be their fate? If you are attempting to buy them back. Why is that?

Arie Trouw replied:  No. We are not encouraging anyone to sell tokens to us. The plan will involve buying token on the open market and burning them to reduce supply in certain cases like excess capital or company sale.

Community member responded stating, Arie, I love the product and understand how it can be a great thing for Geocaching and Pokemon Go type things as well as business use cases.