In perfume, there ’ mho precisely not much value in XYO for the average crypto investor. And we ’ re not talking about those crypto hedge funds and purveyors of FUD out there. There just haven ’ metric ton been many good use cases implemented for XYO yet..
That being said, maybe it ’ s just our paranoia that ’ s keeping us at bay. But we think there ’ s more than a match of other folks out there that might agree XYO just doesn ’ triiodothyronine line up with their privacy principles. Let us explain…
XYO Crypto: How It’s Being Used in the Real World
XYO crypto is a decentralized placement and data blockchain net. It is built on the Ethereum network. As such, it can be used in conjunction with bright contracts, NFTs and decentralized apps besides built on Ethereum .
This could be a bang-up have employed in the future. But as it stands, borrowing is low. however, that could change down the line. As of correct now, one of the more luminary features of XYO network is that users can add their smartphones to the XYO network. This allows the connected to geomine crypto rewards from their smartphones that are location-based .
The procedure above is screen of an augment reality process ( like Pokémon Go ) with crypto rewards. Users can find digital assets in a real-world place using the COIN app and then share placement data with the network. Keep in mind, this is not to be confused with Coinbase ( Nasdaq : COIN ). In tax return, users are rewarded with COIN tokens. These tokens can later be exchanged for XYO crypto .
basically, users plowshare their localization data with the app in exchange for rewards. Quite honestly, there are already enough things tracking our movement. Do we in truth need something else doing this ? It might be deserving considering if it was going to lead to a noticeable sum of passive voice income. But that just doesn ’ thyroxine appear to be the case. willingly giving up this data equitable isn ’ triiodothyronine worth five bucks a month to us. But if you feel differently, have at it. We all know Alphabet ( Nasdaq : GOOG ), Meta ( Nasdaq : FB ) and the like are already doing the same thing without any sort of monetary reach for us .
How the Future of XYO Could Be Useful
XYO crypto is building an extensive list of partners that could increase usage of its somewhat alone protocol. The exemplar above seems to be a test case of the XYO protocol. Going fore, it is looking to be able to implement its tracking abilities to solve problems in airports, hospitals, e-commerce and even help with national security issues .
For example, XYO is testing its ability to provide localization data on baggage that, it says, could help travelers and airport staff track down missing bags .
Regarding the healthcare industry, the XYO protocol could help keep racetrack of equipment, patients and staff. In accession to the obvious, this could reduce prescription dose errors and unnecessary checkup procedures.
The classify of augment reality gamified testing process mentioned could incentivize placement report. This, in turn, would lead to an archived localization ledger. The easiest case to explain would be if a mail currier were using the COIN app. If he or she encountered an XYO network node on their route, the placement would be recorded. In kernel, this leverages crypto in a way that besides takes advantage of blockchain engineering. And this could lead to a whole raw degree of dependability in tracking systems .
But all of these breakthroughs are wholly dependant on adoption and scale. And until we start to see any of these applied to real world industries, XYO crypto remains a inquisitive asset. But we suppose that ’ s the crypto market as a solid in many ways .
certain Solana built one of the fastest blockchains out there. But if adoption didn ’ deoxythymidine monophosphate find, it ’ vitamin d still be trading for $ 4 a mint. So there is a find that XYO crypto could actually take off if its partners start using its network. But that ’ s inactive a big if .
The Bottom Line on XYO Crypto
If the future in truth is going to take space on the blockchain, the XYO network could play a goodly function. It ’ s not hard to see how lease cable car businesses, hospitals, airports and pitch services could take advantage of its features .
The XYO Foundation besides has a goal of ending human traffic, which is an even more lord goal. It ’ second teamed up with Mujer Segura, which allows a person in a state of distress to send an alert through their smartphone to send out a location-based alert to loved ones. At this point, the app is merely available in the Google Play storehouse. And it is only for use in the Baja California area. But this procedure could engender far partnerships going forward. And it could besides result in a whole distribute of good will in the crypto community .
In the future, people may be more will to share their localization data. specially if it results in a dependable world for all. But it ’ second bully to see widespread adoption happening anytime soon.
As a long-run investment, XYO crypto could be a smart move. Ten or 20 years from now, the XYO network could be a family name. But with a big emphasis on the anonymity in web 3.0, it ’ s arguable whether all that tracking will willingly catch on. even if it does come from a seat of altruism .
That being said, investors willing to bet otherwise can find XYO crypto on Coinbase, crypto.com, KuCoin and Gate.io among a couple of other exchanges .
Leave a Comment