XYO
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XYO in numbers
XYO ranks #410 by market capitalization, at $49.84M. It belongs to the DePIN sector (Geospatial Networks). It has traded since Dec 19, 2018, across 73 markets on 18 exchanges, with $2.69M of volume in the last 24 hours. Its all-time high of $0.0791904 was reached on Nov 6, 2021; the current price is 96.4% below that peak. Its cycle low of $0.00279179 came on Oct 6, 2023.
13.93B XYO are in circulation. 2 team members are listed. It is available on 4 networks.
About XYO
XYO is a DePIN ecosystem of consumer software, developer tools, a decentralized network, and digital assets. XYO facilitates and incentivizes the aggregation, validation, and use of decentralized data.
Background
XYO was introduced in January of 2018 as a DePIN IoT project of its parent company, XY Labs, Inc. Subsequently the XYO Foundation was founded. XYO co-founders Arie Trouw and Markus Levin recognized a growing need for a trustless, decentralized location oracle. The XYO token (ERC-20) was released in March of the same year.
In February of 2022, XYO announced an expansion of its original concept, becoming capable of aggregating and analyzing a wide and flexible range of heuristic and digital data. No longer focussing exclusively on location and geospatial data allowed XYO to expand into broader Web3 markets using the core tenets of providing data sovereignty, provenance, and permanence.
Embracing tokenized RWA (real world assets), in 2022, XY Labs started tokenizing its stock and list it on an ATS (alternative trading system) called tZERO ATS.