|All Time High:
|The price of #XYO today is $0.00779 USD.
The lowest XYO price for this period was $0, the highest was $0.00779, and the current live price for one XYO coin is $0.00778564.
The all-time high XYO coin price was $0.08.
Use our custom price calculator to see the hypothetical price of XYO with market cap of BTC and how the supply of XYO affects the price at different market capitalizations.
|The code for XYO Network crypto currency is #XYO.
XYO Network is 5.8 years old.
|The current market capitalization for XYO Network is $108,212,692.
XYO Network is ranked #315 out of all coins, by market cap (and other factors).
|There is a big volume of trading today on #XYO.
Today's 24-hour trading volume across all exchanges for XYO Network is $1,466,559.
|The circulating supply of XYO is 13,899,012,018 coins, which is 100% of the total coin supply.
Relatively, XYO Network has a large supply of coins, 632 times larger than Bitcoin's supply, for example.
XYO Q1 2023 Update: XYO 2.1
XYO: A Decentralized Physical Infrastructure Network (DePIN)
Traditionally, real-world infrastructure projects have been responses to widely recognized, large-scale problems. Meeting demand for municipal electricity, for example, typically involved a centralized authority building out a single system — at great expense and over a long period of time — that would then be vulnerable to single-point-of-failure outages, constant political and financial manipulation, and the usual host of problems Web3 is poised to solve. Creating a large-scale, real-world, Decentralized Physical Infrastructure Network (DePIN) capitalizes on the power of the blockchain. By incentivizing users to become builders of a specific network with tokenized rewards, a virtuous cycle is set in motion: a solution is built first, which is then able to service any number of evolving use cases: XYO’s DePIN has activated over five million individual nodes to collect decentralized, tamper-proof data. This node data is then organized, analyzed, and processed for use by third parties to aid in decision-making for their businesses. In this way, XYO capitalizes on previously untapped potential in the technology users already own, laying the groundwork for data solutions in a wide variety of use cases. The potential applications of XYO’s DePIN are vast and varied. For example, XYO can be used to improve supply chain management and logistics by optimizing shipping routes and reducing costs, or to improve safety ...
2023: The Year of the Self-Sovereign System
XYO is a self-sovereign system, a type of decentralized system in which individuals have full control and ownership over their own data and digital identities. Built on blockchain technology, you decide what data to share, how often, and for what compensation you are willing to share it. Why is this important? The simple fact of the matter is that there is no such thing as true privacy in the digital age. The New York Times’ Privacy Project shed light on a simple, brutal truth of using a mobile device: you are constantly sharing data, without your explicit consent, all the time: Everywhere on the planet, dozens of companies — largely unregulated, little scrutinized — are logging the movements of tens of millions of people with mobile phones and storing the information in gigantic data files… if you could see the full trove you might never use your phone the same way again. We hope you don’t. XYO provides a way to take back control of the data digital users have been providing (unwittingly and for free) to these largely invisible surveillants for years. Self-sovereign systems not only reclaim data ownership and privacy, but offer several additional benefits over more common shared ledgers, which have proliferated over the past decade: Privacy: Individuals control who has access to their data; shared ledgers often involve sharing data among a network of users. Security: Advanced encryption techniques ensu...
XYO’s 2022: A Year of Accomplishments
A year is what you make of it. We’re proud to say XYO made the most of 2022, which proved to be record-shattering for XYO and XY Labs. Some of the most exciting goals we’ve ever achieved were reached in the past twelve months. Let’s talk about how it all happened, how we got to where we are now, and maybe a little bit about what’s coming next. — Q1 - We started 2022 with a massive milestone. XYO surpassed four million activated nodes to date, making it one of the largest blockchain networks ever built. We quickly discovered that when we discuss this achievement with partners and business contacts, they’ll often stop the conversation in disbelief. “Four million nodes?” they ask. To someone familiar with blockchain networks, this sounds astronomical, virtually unheard of. Because it is. XYO harnessed the power of people around the world using their everyday devices — people like you — to generate useful data with no barrier to entry and no waste. We rethought the usual way things are done in blockchain and experimented with something we believed could be better. Would be better. With you, we tapped an untapped well of nearly limitless heuristic and geospatial data. Useful data with astonishing potential. The results, four million nodes later, speak for themselves, although the year would prove to have more milestones yet to come. But we’ll talk about that a little later. Moving into February,...
How to Keep Your Crypto Safe: Avoiding Hacks & Scams
In this article, we’ll cover some of the most common crypto scams so that you can keep yourself protected. Awareness is the first step to prevention! :) After reading you’ll know how often crypto scams and hacks happen, as well as different types of scams like those involving fake social media accounts, fake profiles, and phishing attacks. We’ll also cover pump and dumps, exit scams, and rug pulls. Now let’s get started. — How often do crypto scams and hacks happen? - Unfortunately, cryptocurrency hacks have become quite prevalent, especially with the rise of mainstream projects and companies that have made cryptocurrency more accessible to beginners. Reports highlighted in June 2022 by the U.S. Federal Trade Commission state that since the start of 2021, 46,000 people reported losing a collective total of more than $1 billion from crypto scams. That $1 billion makes up nearly 24% of all total reported fraud for that year — more than the losses from any other payment method. Furthermore, an article from the blockchain data platform Chainalysis claims the crypto losses arising from crypto hacks jumped 60% in the first seven months of 2022 to a total of $1.9 billion! Data like this makes it clear that crypto is now the favorite payment method to be attacked by scammers. Aspects of crypto that are appealing, such as decentralization, also make it a prime target for hacking due to the lack of recovery optio...
How to Keep Your Crypto Safe: 4 Beginner Mistakes to Avoid
Safety is an important consideration when you are preparing to put money into any financial asset. If you own cryptocurrency or are thinking about purchasing some, it’s crucial that you make smart choices regarding these assets and pay close attention when deciding to complete a crypto transaction. — Crypto Losses Experienced Due To Errors - One of the primary ways that people lose money in crypto is due to simple mistakes. It’s actually quite common, so don’t feel too down if you make a mistake. With an understanding of the different mistakes that can be made with crypto transactions, you can avoid errors in the future. — 1. Sending Crypto To The Token Contract - One common mistake people make when converting BTC or ETH to a different token via a contract is to accidentally send the newly received tokens back to the token contract. In this case, all of the funds are lost permanently because fully decentralized token contracts are one way. The key to full decentralization is that only you, the token holder, have access to your funds, and the contracts are designed so that even the creators of the token cannot access them. The benefit is that this helps keep your assets secure, but it also means that the developers of any fully decentralized project or token don’t have the ability to recover your tokens if you accidentally send them to the contract by mistake. Decentralization provides the freedom to ful...
Happening Now: Trade Shares of XY Labs on tZERO ATS!
It’s time! Bring out the confetti! XY Labs, the company behind XYO and COIN, is officially announcing its first day of trading on tZERO ATS. - This means you’re now able to trade XY Labs stock on an open market for the first time ever! Want to know how? Click here to learn how to make your FREE tZERO Markets account! This announcement is exciting for us because it’s full of many firsts. Not only is XY Labs the first company with over 23,000 shareholders to have achieved a listing like this, it’s also the first opportunity for XY Labs investors to trade their stock on a market. Perhaps most exciting, it’s the first opportunity in over 3 years for our community to join XY Labs’ journey as a shareholder.xylabs.cominvestors/trade If you’re as enthusiastic about this as we are, take a moment to let your friends and family know about the big announcement in case they’d like to own stock in XY Labs, too. It’s easy, we’re on your favorite social media platform. Facebook, Twitter, Instagram, LinkedIn, The cutting edge venue where XY Labs shares are being traded even as you read this is tZERO, an industry-leading digital assets marketplace that simplifies the shareholder experience. Investors can now keep track of their stock, their stock’s value, and the market, all in one easy place. At XY Labs, we are always eager to find novel ways for the people of the world to be empowered by their own data, their own devi...
XYO’s Spring Achievements
Let’s talk about what XYO got done in March, April, and May! It’s a lot, so buckle in and hold on. — March - XYO was born in March — March 20, 2018 to be specific. So we celebrated our fourth anniversary with a big giveaway! — @OfficialXYO In a very strong start to the month, XYO topped the charts as the most active crypto project on GitHub, publicly demonstrating ongoing and robust software development. — @coin_commit A springtime anniversary is the perfect time for a fresh start, so following the launch of XYO 2.0 in late February, our website also got a redesign. — @OfficialXYO The XYO Token got a new listing on JUBI. — @OfficialXYO And our old friends, KuCoin, the first major exchange to ever list XYO, also added XYO to margin trading. — @OfficialXYO Not to be outdone, Bitrue added PowerPiggy staking for the XYO Token. — @BitrueOfficial CEO of XY Labs, Arie Trouw, sat down with Andy Pickering, host of Brave New Coin’s Crypto Conversation podcast, to talk about XYO’s core concepts and our natural fit with play-to-earn. — @OfficialXYO To close out our birthday month, XYO collaborated with Wendy O, one of the biggest names in all of crypto, to bring her viewers an in-depth profile of XYO! — @OfficialXYO — April - We were incredibl...
Arie’s Answers — Part 3
Arie’s Answers — Part 3 Welcome back to Arie’s Answers. In case you don’t know, Arie Trouw is the CEO at XY Labs, and recently we decided to start a web series asking Arie random questions. Why you ask? The idea is to help educate people about our industry while also having a bit of fun in the process. Frankly, Arie is an interesting person with many thoughtful insights, so we’re sharing them. Sometimes the questions will be very in-depth about our company, Web3, Blockchain tech, decentralization, or other topics in the industry. And in some other cases, we’ll just ask him something like, ‘Star Trek or Star Wars?” This week, we’re focusing on the Metaverse.About Arie Trouw Here’s a brief bio if you don’t know anything about Arie. Arie is the CEO and founder of XY Labs. He’s a firm believer in decentralization and creating the integrated owner/user model and is a founder of XYO, the world’s first blockchain geospatial oracle network backed with cryptography. He’s an accomplished serial entrepreneur with a history of technological breakthroughs and business successes involving multiple 8-figure exit events. He currently serves as Chief Executive Officer and Chairman of the Board of Directors at XY Labs, Inc. Before starting XY Labs, Arie was CEO and Chairman of Pike Holdings. He received his Bachelor of Science in Computer Science from the New York Institute of Technology. See more at: arietr...
Arie’s Answers — Part 2
Arie’s Answers — Part 2 Welcome back to Arie’s Answers. In case you don’t know, Arie Trouw is the CEO at XY Labs and recently we decided to start a web series asking Arie random questions. Why, you ask? The idea is to help educate people about our industry, while also having a bit of fun in the process. Quite frankly, Arie is an interesting person with many thoughtful insights, so we’re sharing with the world. Sometimes the questions will be very in-depth about our company, Web3, Blockchain tech, decentralization, or other topics in the industry. And in other instances, we’ll just ask him something like, “Is a hot dog a sandwich?” Enjoy.About Arie Trouw Here’s a brief bio if you don’t know anything about Arie. Arie is the CEO and founder of XY Labs. He’s a firm believer in decentralization and creating the integrated owner/user model and is a founder of XYO, the world’s first blockchain geospatial oracle network backed with cryptography. He’s an accomplished serial entrepreneur with a history of technological breakthroughs and business successes involving multiple 8-figure exit events. He currently serves as Chief Executive Officer and Chairman of the Board of Directors at XY Labs, Inc. Before starting XY Labs, Arie was CEO and Chairman of Pike Holdings. He received his Bachelor of Science in Computer Science from the New York Institute of Technology. See more at: arietrouw.comQuestion What d...
More XYO Network (#XYO) News
|Worldcoin Not the Path to Attain Proof-of-Personhood: Experts Weigh In
Worldcoin - a crypto project by OpenAI CEO Sam Altman - has greatly polarized the Web3 community. At its core, Worldcoin uses Proof-of-Personhood (PoP), which is a mechanism that establishes an individual's humanness and uniqueness. Proof-of-Personhood has never been more important, especially in the age of surveillance when identity - one of our most fundamental human rights - is under threat.
However, experts in the digital asset industry believe Worldcoin is not the way to achieve it.
Spotlight on Proof-of-Personhood
The native cryptocurrency of the 'Tools for Humanity' project was launched last month. The aim is to create 'the world's largest, most inclusive identity and financial public utility.' The privacy advocates in the digital assets industry are not impressed.
In fact, certain observers are bullish on Proof-of-Personhood and view that there are many paths to achieving the same, and even though none of them are perfect, Worldcoin is still not the way to go about it.
Blockchain expert and CEO of web3 infrastructure firm Toniq Labs, Bob Bodily, for one, said there are numerous safer means for proving you are human, making this process obsolete. While speaking exclusively with CryptoPotato, the exec highlighted the many shortcomings of the Worldcoin verification model, including high centralization since users can only be validated using official hardware built by Worldcoin, thereby limiting accessibility.
'How realistic is it for everyone in the world to get to one o...
|Indonesia Labels 501 Cryptocurrencies as Commodities, Paving the Way for...
In contrast to the regulatory stance taken by the U.S. Securities and Exchange Commission (SEC), the Commodity Futures Trading Supervisory Agency (CFTSA) of the Republic of Indonesia has officially labeled 501 cryptocurrencies as commodities. The list of these digital assets includes popular tokens such as bitcoin, ethereum, usd coin, litecoin, and several others that the SEC has classified as securities in recent years.Crypto Regulations Diverge: Indonesia Embraces 501 Digital Assets as Commodities
On June 9, 2023, Indonesia's regulatory agency Bappebti made public a comprehensive catalog of 501 crypto assets that are now classified as commodities within the country. This classification encompasses well-known coins like LTC, UNI, SOL, BTC, ADA, ETH, XRP, SAND, DOT, XTZ, XLM, BUSD, and XRP, among others. These assessments were made following the announcement by the Indonesian government regarding the establishment of a crypto exchange in September 2022. The subsequent month witnessed discussions around new financial legislation aimed at strengthening cryptocurrency regulations.
Furthermore, following the downfall of FTX, Bappebti issued directives to cryptocurrency exchanges, instructing them to halt trading of FTX's native token, FTT. The regulatory approach of Indonesian authorities diverges significantly from that of their counterparts in the United States, where more than three dozen crypto assets, including telegram gram token (TON), tokencard (TKN), tron (TRX), xrp (XRP...
|Can ZK-Proofs Untange the DeFi Compliance Labyrinthine? Experts Weigh In
Earlier this week, the United States Treasury Department came out with some strong words while elaborating on the risk assessment of decentralized finance (DeFi) in the first report of its kind in the world.
While the agency managed to start an important conversation on the much-needed industry guidance, crypto advocates have been firm on regulation by way of enforcement is not a way around.
But most importantly, the regulators need to speed up before the Web3 landscape becomes too confusing and overbearing for projects to thrive, according to Banxa's Richard Mico.
DeFi KYC Not Ideal?
Over the past few years, DeFi has suffered a myriad of illicit finance challenges, such as scams, ransomware, hacks, and money laundering. These platforms operate across borders without a central authority, posing significant challenges for regulatory agencies.
Study shows that DeFi protocols alone lost $3.1 billion, which accounted for over 82% of all cryptocurrency stolen by hackers. This was up from 73.3% in 2021.
Certain entities using DeFi for nefarious purposes have forced regulators to endorse 'Know Your Customer' (KYC) measures to track the source of the stolen funds. But the complexity of the unique vulnerabilities and gaps present in DeFi makes KYC redundant, according to many industry experts.
Moreover, traditional finance has rigorous KYC checks. Despite this, the sector continues to observe money laundering cases almost every day. Hence, Markus Levin, Co-Founder of XYO Network for o...
|Bittrex Fined With $53 Million For Violating Anti-Money Laundering Laws
Cryptocurrencies are supposed to be censorship resistant... Cryptocurrency exchanges, not so much. Bittrex found this out the hard way after a record fine imposed by the U.S. regulators.
On October 11, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) and the Financial Crimes Enforcement Network (FinCEN) announced that Bittrex, a Washington-based cryptocurrency exchange, will be fined $53 million for violating multiple securities laws.
According to the statement, Bittrex violated sanctions laws and anti-money laundering obligations, resulting in two fines of more than $24 million and $29 million, respectively. This would be the largest enforcement action ever imposed by the OFAC on a cryptocurrency exchange.
Sanctioned Countries Moved Nearly $263 Million in Bittrex
According to the OFAC, Bittrex allowed individuals from Crimea, Cuba, Iran, Sudan, and Syria to use its platform to move nearly $263,451,600.13 between March 2014 and December 2017.
Bittrex agreed to pay $24,280,829.20 to the U.S. regulators for making 116,421 apparent violations of multiple sanctions programs and $29,280,829.20 for its willful violations of the BSA's AML program and SAR requirements.
The fine emphasizes the importance of implementing appropriate controls in compliance with the Bank Secrecy Act's (BSA's) anti-money laundering (AML) sanctions and obligations to the crypto industry, according to OFAC.
It further stated that 'inaction,' lack of proper background research, o...
|Coinbase Sued for Allegedly Selling 79 Unregistered Crypto Securities &m...
A class-action lawsuit has been filed against the Nasdaq-listed cryptocurrency exchange Coinbase alleging that the platform lets customers trade 79 cryptocurrencies that are unregistered securities, including XRP, dogecoin (DOGE), and shiba inu (SHIB).Lawsuit Claims Coinbase Sold 79 Unregistered Crypto Securities to Customers
A class-action lawsuit was filed last week against Coinbase Global Inc., Coinbase Inc., and CEO Brian Armstrong.
Lead plaintiffs and Coinbase users Christopher Underwood, Louis Oberlander, and Henry Rodriguez allege that from Oct. 8, 2019, to the present, Coinbase let customers buy and sell 79 different cryptocurrencies without disclosing that they are in fact securities. The plaintiffs added that these crypto securities are not registered with the U.S. Securities and Exchange Commission (SEC) or any state regulators, and Coinbase is not registered as a securities exchange or a broker-dealer.
The plaintiffs claim that 'Coinbase's sale of these tokens violates both federal and state law.' The class covers all persons or entities who transacted any of the 79 crypto tokens on Coinbase or the Coinbase Pro platform during the class period.
Without registering these crypto assets with the SEC and state regulators, the plaintiffs said:
Purchasers do not have access to the disclosures that accompany the issuances of traditional securities. Rather, investors receive - at most - only the so-called whitepapers, which describe the token, but do not satisfy the requi...