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TürkçeXYO Network Information
XYO Network is revolutionizing the way location data is verified and utilized in the blockchain ecosystem, providing a decentralized platform for geospatial information. By leveraging smart contracts and devices, XYO enables users to reinforce the accuracy of location-based interactions and services. As the demand for reliable location data grows, XYO stands out as a vital player in bridging the physical and digital worlds.
Understanding XYO Network: A Comprehensive Overview
XYO Network is a geolocation blockchain protocol designed to provide accurate and transparent location data. By leveraging the power of blockchain technology, XYO aims to solve the problem of trust in location-based services by creating a decentralized and secure network. This article discusses the development, advantages, disadvantages, and future prospects of the XYO coin.
Historical Development of XYO Network
Founded in 2018, XYO Network quickly garnered attention in the crypto space due to its unique proposition of location verification. Initially launched as a project for providing accurate location data, XYO has since expanded its offerings to include various location-based services. The coin's all-time high (ATH) was reached on November 6, 2021, when it traded at approximately $0.0814. This price surge was partly fueled by wider interest in blockchain applications and the growing demand for reliable data in various industries.
Since its ATH, the XYO coin has experienced significant declines, dropping over 92% to its current price of around $0.0060. Throughout this period, XYO has remained steady in its commitment to developing its technology, launching partnerships, and enhancing the utility of its platform.
Advantages of XYO Network
One of the key advantages of XYO Network is its ability to provide verifiable location data in a decentralized manner, reducing the dependency on a centralized authority. This decentralization helps in enhancing trust among users while ensuring data integrity and security. Additionally, the network employs a unique architecture comprising “sentinels,” “bridges,” and “archivists,” which work together to collect, validate, and store location data effectively.
Moreover, XYO Network targets sectors such as logistics, supply chain management, and transportation, where accurate location data is crucial. This diverse applicability expands the potential use cases for the XYO coin and enhances its adoption opportunities.
Disadvantages and Challenges
Despite its advantages, XYO Network faces certain challenges. The most prominent concern is the intense competition within the geolocation and data verification sector, with several established players and new entrants vying for market share. Furthermore, the significant price drop after its ATH may deter potential investors and users, creating skepticism and limiting growth opportunities. The dependency on widespread adoption of the underlying technology also poses a risk; if industries do not embrace blockchain solutions, the utility of the XYO coin may diminish.
Future Prospects of XYO Network
Looking ahead, XYO Network holds promise if it can successfully navigate current challenges and leverage emerging opportunities. As industries increasingly recognize the value of trustworthy and verifiable location data, there is potential for XYO to carve out a niche in the market. Continued development, strategic partnerships, and community engagement will be vital for sustaining its growth.
Moreover, with advancements in blockchain technology and increasing acceptance of cryptocurrency, XYO can potentially regain traction, enhance its use cases, and improve its valuation over time. As the network expands and evolves, regular updates and developments will be crucial in maintaining investor interest and ensuring the technology remains relevant.
Conclusion
In summary, XYO Network represents an innovative approach to solving the issues associated with location data. While it faces challenges, the potential for future growth remains. The success of XYO will ultimately depend on its ability to adapt and innovate while fostering an ecosystem that prioritizes trust and transparency.
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from price
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General Information |
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Title
XYO Network
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Symbol
xyo
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Whitepaper
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Website
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Community
-
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Last Updated
2025-01-21 23:51
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Price Data |
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Current Price $
0.01640845
$
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High 24h
0.01886564
$
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Low 24h
0.01544982
$
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Price Change 24h
0.00070509
$
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Price Change % 24h
4.49009
%
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Market Data |
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Market Cap
228296608
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Total Volume
9187537
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Market Cap Change 24h
9590528
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Market Cap Change % 24h
4.38512
%
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Return on Investment (ROI)
-83.526332733466
%
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Supply and Availability |
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Circulating Supply
13931216938.011
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Total Supply
13931216938.011
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Max Supply
13931216938.011
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Historical Data |
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All Time High (ATH)
0.081391
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ATH Change %
-79.93228
%
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ATH Date
2021-11-06 04:44
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All Time Low (ATL)
9.672E-5
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ATL Change %
16786.84959
%
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ATL Date
2020-03-13 02:24
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