Xyo Network has organized more than 10 million contracts for the decentralized material infrastructure network (DePin).
The contract mostly includes human users who provide data in exchange for bonuses via the mobile network application, a coin. “The vast majority of our 10 million mobile users, some of which are Internet Things, such as smart speakers,” Levin told Cointelegraph.
Nearly 80 % of XYO users added that they are not participating in Web3 for the first time.
Levin said they include truck drivers and rideshare drivers and connecting people and nurses from among others, adding that “95 % are yet turning on the currency application.”
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DePin Tokenomics
For data, XYO gives its user points that can be recovered for the original XYO code, as well as “BTC or ETH or even gift cards”.
In October 2024, Xyo Fl ((Teller) Try to reach more users. Xyo’s distinctive code has about $ 180 million as of May 2, According to To data from Coinmarketcap.
XYO earns revenues by collecting data and verifying their health in sectors ranging from assets in the real world (RWAS) to games. Then use part of this income to buy Xyo again.
In January, Xyo Firing Blockchain Layer-1, which collects data in the real world from all parts of the Xyo contract on the notebook of the General Professor.
The network clicks are shared at Xyo and earns bonuses in XL1, the newly launched gas code for the network.
DePins are Blockchain protocols that aim to decentralize infrastructure and systems in the real world, including communication networks, data warehouses, energy markets, and more.
They are among the “following great use” in Web3[s]”with The possibility on board the plane “A large number of new users to the encryption space,” according to September 2024 a report By MV Global, Web3 Investment Company.
According to MV Global, the DePin system includes 1000 projects and represents approximately $ 50 billion in the total market value.
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