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XYO Important Links
Official Website: https://xyo.network/
Official Telegram Channel: https://t.me/xyonetwork
Twitter Page: https://twitter.com/XYOracleNetwork
The XY Oracle Network or The XYO Network enables trustless transactions through an ecosystem of crypto-location that bridge the gap from the world of today, to the world of tomorrow.
The XYO Network makes it possible for smart contracts to access the real world by using the XYO Network's ecosystem of devices to determine if an object is at a specific XY-coordinate. If it is, one can set up applications which execute transactions in the smart contract. It has opened up a new world of possibilities.
The applications of such a technology are infinite. With the XYO Network, could now offer their premium customers payment-upon-delivery services.
To be able to offer this service, the eCommerce company would leverage the XYO Network to write a smart contract.
The XYO Network could then track the location of the package being sent to the consumer along every single step of fulfillment; from the warehouse shelf to the shipping courier, all the way into the consumer's house and every location in between.
It could enable eCommerce retailers and websites to verify, that the package not only appeared on the customer's doorstep but also safely inside their home.
WHITEPAPER & DOCUMENTATION
The team of the project has presented its business plan emphasizing predominantly on the technical aspects and structure of it. Although there are professionally presented technical descriptions, the whitepaper lacks enough information about the economics and other important aspects that must also be mentioned on the course of building a comprehensive business plan.
The overall technical description reveals 4 different components that must work together closely and in an optimized way in order to deliver adequate oracle solution (they are called Sentinels, Bridges, Archivists, and Diviners). The way how they interact and deliver an end solution is properly described in a friendly-oriented way, disclosing clearly the information flows and logic behind. Supported additionally by some technical diagrams, the whitepaper delivers comprehensive explanations in a structured way. Additional technical descriptions which are exclusively related to the security aspects of the project's system can be found in a specially dedicated document called “Red Paper”.
Legal & Disclaimers Description
Team and Advisors Description
Within the green paper of the project, the team has placed an extensive summary describing themselves and their accomplishments. Additional information can be found on the website of the project, where core team members and advisors are listed with their actual titles, photos, comprehensive bios and links to their social profiles.
Roadmap & Milestones
The Roadmap of the project can be viewed in the projects “Green paper ” The Green paper of the project contains the specifics of the Projects ICO alongside with an extensive and highly detailed roadmap showing the progress and plans for further development of the project. The Roadmap of the project is professionally designed and has great details regarding the projects Milestones.
TEAM & ADVISORS
Arie Trouw – Founder & Architect Arie Trouw started developing software on the TRS-80 Model I, moving on to Atari, Apple, and PC. He then ran a series of bulletin boards centering on game-theory modification. Arie is an accomplished serial entrepreneur with a rich history of technological breakthroughs and business successes involving multiple 8-figure exit events. He is a strong believer in decentralization and the creation of the integrated owner/user model. Arie founded XY in 2012 (incorporated as Ength Degree, LLC before it was converted to a C Corporation in 2016).
Scott Scheper – Co-founder & Head of Marketing Scott's career has revolved around technology startups and digital advertising since 2008. Scott's first ‘real boss' was Arie Trouw, who hired Scott in 2009 during an economic recession, when very few companies were hiring, and even fewer were starting companies.
Markus Levin – Co-founder & Head of Operations Markus mined his first Bitcoin in 2013 and has been captivated by blockchain technologies ever since. Markus has over 15 years of experience in building, managing and growing companies around the globe. Markus is originally from Germany (with English as his second language) and specializes in getting the most out of companies by implementing data-driven systems and utilizing the key talents of each employee to get the best out of his team.
William Long – Head of Hardware William is veteran computer hardware and firmware technologist with over 25 years of experience in engineering management and electrical engineering development. He's also a successful entrepreneur, having founded several computer product and data storage companies, some of which have become publicly traded. William has authored 3 US patents and is an iOS/OSX product development authority (as an Apple certified developer since 1986).
Team Skills and experience – quality and balance
The skills of the team are well balanced the team has exceptional skills and experience in Blockchain, Marketing, and Business development. The CEO of the project Arietrou has had years of experience in Tech development.
Advisors background, experience and feedback
The project is advised by Blockchain pioneer and veterans including:
Charlie Shrem – Founder – Bitcoin Foundation
Charlie Shrem is a Bitcoin pioneer, social economist, digital currency trader and is currently the founder of Crypto.IQ. His work in this field is legendary. In 2011, at the dawn of the crypto era, he founded BitInstant, the first and largest Bitcoin company.
Ismail Malik – Advisor – Blockchain R&D
Ismail is ranked among the top 100 most influential Blockchain people according to Rise Global. He is the Founder and CEO of Blockchain Labs, which specializes in crypto development projects and placement of lead developers for existing DLT projects.
David Kim – Advisor – Blockchain Consulting
David Kim is a blockchain specialist who aims to apply DLT (distributed ledger technology) to anything and everything. He has over 13 years of experience in IT strategy and transformation with tier-1 financial institutions and MNCs.
Paul Hynek – Advisor – Smart Cities
Paul is a professor of finance at Pepperdine University and the creator of EZ Numbers financial projections software, which has helped thousands of startups raise over $1 billion.
The project began its operations in Q4 of 2017.
Company registration, address and number of employees
The project is registered in the United States under the registration number 202402803. The Headquarters of the project are located at 1133 Columbia St, San Diego, CA 92101, United States. The project has listed 51 employees on their LinkedIn page.
Funds Allocation (how funds will be used)
XY Oracle Network Platform Operations: 15%
Supporting Ethereum Platform Projects: 5%
Network Growth, Marketing, Strategic Partnerships: 40%
Engineering and R&D: 35%
Token Allocation (Sold/Kept Ratio)
Due to the nature of the project, the token does not have an allocation. The token is minable, and all the tokens which were not distributed during the token distribution event were burned.
VCs + Investors
It is not shown that XYO Network project has any VCs or investors participating in its capital according to it's website and whitepaper.
The project has formed strategic partnerships with 10 companies.
The project has airdropped approximately USD 150.000.
Type of Project
The XY Oracle Network: The Proof-of-Origin Based Cryptographic Location Network The XYO Network (XY Oracle Network) is an abstraction that enables layered, location verification across many device classes and protocols.
Percentage of tokens sold on Public Sale
The ICO event was successful, collecting over 25% of the Hardcap.
Taking into consideration the overwhelming activity on the projects social channels and the positive Youtube comments. The project is viewed in a mostly positive light.
TECHNOLOGY AND DEVELOPMENT
Product development progress
The project has several working products for location tracking, which were updated in the past and which are coming as a product of XY – The Findables Company.
Blockchain technology usage and innovation
The project has based their token on the Ethereum ERC-20 Standard Token. At some stage, the project will launch its own blockchain that is supposed fully to correspond to the project's capacity needs.
Dependencies to third party platform or service
The project is dependent developed and deployed on the Ethereum platform. It is planned at some stage to migrate to an independent blockchain.
Blockchain advantage, effects on the market
Due to the nature of the project and the High Social interaction exhibited by the team behind the project, it is speculated that it will have a big effect on the community.
Decentralisation of the system
The system of the project is decentralized to the fullest extent of the systems.
System security measures (technical)
The team of the project consists of professionals in the field of security and cryptography as well as using the advisory skills of veterans in the field of blockchain security Andrew Rangel and Jack Cable specializing in IoT security and Blockchain security.
The project has not released an official demo version of the MVP.
Adherence to Regulations (risk of being restricted/classified as a security)
The token of the project (XYO) completely covers the requirements to be considered as utility token.
Company legal counseling
There is no information regarding the Legal representation of the project.
Know Your Customer (KYC)
The project has an active KYC policy.
Anti Money Laundering
The project has an active AML policy.
There is no information regarding the project passing the Howey test.
Patents AND/OR Trademark/Copyright
The team has copyrighted and trademarked its project and has presented the required documentation on their Webpage.
SNS & INTERNET PRESENCE
Secondary communication channels
Bitcontalk.org announcement post
Excluding merges, 50 authors has pushed 341 commits to master and 501 commits to all branches.
On master, 689 files have changed and there have been 46,566 additions and 40,860 deletions.
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The KuCoin Team.