XY Oracle Network: Cryptographic location network
Source of data that location-based smart contracts require for execution
Founder & Architect
Ten years before Elon Musk wrote his first line of computer code, another young prodigy from South Africa was busy writing software on his TRS-80 Model I. In 1978, at the age of 10, 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).
He currently serves as Chief Executive Officer, Chief Financial Officer, Chief Operating Officer and Chairman of the Board of Directors. Prior to starting XY-The Findables Company, Arie was CEO and Chairman of Pike Holdings Inc and Chief Technology Officer of Tight Line Technologies LLC. He received his Bachelor of Science in Computer Science from the New York Institute of Technology. Fun Fact: He is a member of one of the first Afrikaans speaking families to emigrate to the US from South Africa in 1976.
Co-founder & Head of Marketing
Scott has worked on many exciting ventures with exceptionally talented people, including the Co-founder of Uber. 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. What began as a Facebook app startup with four guys and a ping pong table, grew to over 200 employees and 9-figures in revenue in less than two years.
In 2013 Scott took a break from corporate life to pursue the dream of working remotely on a laptop while sipping tropical drinks on the beaches of St. Thomas, Virgin Islands (U.S.). During this period, Scott launched Greenlamp, a programmatic advertising agency specializing in direct-response media buying. The agency was fully automated; built entirely using algorithms to manage the campaigns. The team was built with project-basis software engineers, and had only one full-time employee: that being Scott. The advertising campaigns were managed by an automated system, nicknamed “Stewie” (Family Guy). 24-hours a day, Stewie managed everything, making automated tweaks to the advertising campaigns. He even emailed Scott to chat about the changes made (Stewie's emails included signature Stewie lines). In its first year of operation, Greenlamp generated over $12M in revenue.
When not working, Scott can be found reading books by his idols, Gary C. Halbert and Charlie Munger, or sometimes even outside with friends and family in San Diego, California.
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 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.
After dropping out of his Ph.D. studies at Bocconi University, Markus began working with companies in hyper-growth industries around the globe. Markus has led cutting-edge technology ventures such as Novacore, “sterkly”, Hive Media and Koiyo.
Head of Hardware
William is a veteran computer hardware and firmware technologist with over 25 years 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).
He is a rare breed that spends his free time programming Bluetooth and GPS hardware, preferring to do soin Assembly code. William brings considerable expertise in Storage Area Networks (SANs), NAS systems, and enterprise class data storage systems for mission-critical applications (such as eCommerce and medical data storage). He received his Bachelor of Science in Electrical Engineering from Northrop University in Inglewood, California, and is one of Cisco’s top certified networking recommendations.
Head of Analytics
Christine has an extensive background in Mathematics and has worked in upper management for over 5 years. Most recently, Christine has focused her efforts on managing XY’s media channels, technology platforms and Analytics Division. She moved to sunny San Diego to escape the Midwest tundra in 2012 after graduating with a Bachelors of Science in Mathematics from the University of Minnesota, Twin Cities. Christine is also a local musician and can be seen playing around San Diego in board shorts and a tank-top.
Advisor - XYO Token Market Economy
Tom Kysar is the operations lead at Augur, a decentralized oracle and prediction market platform built on Ethereum. Augur is one of the most celebrated projects in the Ethereum ecosystem, beginning in 2014 when Ethereum was a little-known concept, even within the world of cryptocurrency. Tom withdrew from University after his freshman year in 2013 to move to San Francisco, where he has been working within the cryptocurrency industry. Tom has been a part of the founding teams of both Koinify (now String Labs) and Tierion.
As an active member of XYO's Advisory Board, Tom provides world-class insight into the world of blockchain economics, XYO's token market and overall strategy.
Advisor - XYOMainChain Scalability
Raul Jordan leads the development of the biggest problem Ethereum is currently facing: scaling its platform; specifically, it’s Geth client. Raul leads the Ethereum Geth Sharding effort, which powers over 60% of Ethereum Nodes.
Like most brilliant technologists, Raul is a Harvard dropout. And like most brilliant cryptographers (including the creator of Ethereum, Vitalik Buterin), Raul received a Thiel Fellowship from Peter Thiel (Who co-founded PayPal along with a few others, including Elon Musk). The Thiel Fellowship grants young computer science minds with $100,000 to drop out of university to work on anything that interests them for two years.
Advisor - Blockchain Consulting
David Kim is a blockchain specialist who aims to apply DLT (distributed ledger technology) to anything and everything. He’s the co-author of PwC’s “Introduction to Token Sales (ICO) Best Practices” which was referenced at the Davos World Economic Forum (2018). He has over 13 years of experience in IT strategy and transformation with tier-1 financial institutions and MNCs. His most recent efforts have pertained to blockchain and M&A Deals Advisory services while at PwC Hong Kong. While at PwC, he helped build the ICO advisory and FinTech/RegTech practice in 2017.
David's international experience is exemplified by his career history. Prior to his achievements in Hong Kong, he worked for Deloitte in the United States and has overseas business experience in the United Kingdom and France.
David has a Bachelors of Science Degree in Management Science with Minors in International Studies and Computer Science.
Advisor - Digital Programmatic Advertising
Zak Folkman sits quietly behind the biggest online brands and companies that pioneer digital advertising today. Folkman's professional experience centers around programmatic digital performance advertising on social platforms. Apart from running digital companies and brands, Folkman has built one of the most preeminent private groups around cryptocurrency, which include early founders and investors in cryptocurrenices with a roster that includes EOS, Cardano, IOTA, Stellar and NEO.
The group Folkman has put together is unique in that each member is encouraged to provide complete transparency and value to each member, making his group a leading model for community building online.
Advisor - Blockchain Hacking
Jack Cable became world-famous at age 17 for hacking into the Air Force by uncovering not one, but thirty different vulnerabilities in their systems! This feat gained him notoriety and attracted publications including NPR, Forbes and more. Thankfully for the companies that Jack hacks (which include Google, Yahoo, Github and Uber), Jack is what's called a "white hat hacker", which means he discloses the vulnerabilities to the companies, instead of using it for personal benefit. When not coordinating calls with XYO Network so that they fit around his high school class schedule, Jack can be found running Lightning Security, a cybersecurity consulting firm specializing in rapid, comprehensive audits of technology companies and blockchain smart contracts. Jack is also a Security Researcher at the leading white hat platform, HackerOne. Jack will be working at the Pentagon this summer in a special unit centered on creating a more agile technology environment before he moves out to Palo Alto, California, where he'll be joining his older brother by enrolling at Stanford University.
- XYO Network growth (40%)
- Engineering and R&D (35%)
- XY Oracle network platform operations (15%)
- Overhead (5%)
- Supporting important blockchain projects (5%)
Cost of the token1000 tokens for 0.01 eth
Price without discounts
Rate the project
Estimate the project on a five-point scale or switch to the simple scale
Estimate the project on a simple scale or switch to the five-point scale
Relevance of the problem and Market size
Founders, Team & Advisors
Budget allocation and roadmap
Token economy, Tokenization & Business model
Distribution & Lock up of tokens, Discounts for early buyers
Summary rate the project
Rate the project by other users3
It is an interesting project that uses multilevel data verification to identify the location of the user. At the heart of this project lies the new idea of combining different cryptographic systems. The solution is interesting, because now many applications use exact location of the user.
Risks and disadvantages
I'm not sure that many well-known companies and startups will switch to using this application without a long work to attract companies. This is a rather complicated and long way and that is why the team should not expect fast success and instant growth of the price of the project's token, as well as its integration with the biggest companies.
This project can be successful in the long term, if that the team succeeds in implementing its decision in some large startups and companies. If they succeed, then surely this project is waiting for strong growth. But they don’t - I think it will take several years to develop the market.
The project has a well developed road map and well detailed which shows the competence and reliance of the team. The project has well detailed ad expressive documents which will entice the investors, this shows the organisation of the project. The project allocates a sizable portion of the budget to the development of the project which will increase in the investor retention.
Risks and disadvantages
The project has extremely low traffic statistics and this shows the weakness of the PR team, this will lead to failure of the project to come up with the desire target of the soft cap or even the hard cap. The project accepts only one cryptocurrency which will limit the token value, it will also increase the possibility of loss. and also limit the potential investors with alternate cryptocurrencies. The team founders have no experience in this particular filled which makes it less profitable.
The project has a good initiative which is addressing the major problems in the current market, it also has well elaborate video content which will attract more investors to invest and also enable the project to stand out from the crowd of the many ICO projects that have crowded the market today. However the success of the project doesn't depend on the accomplishment of the hard cap investor retention should be enforced through offering necessary incentives and conducive investment and profitable environment.
Ability to integrate with public blockhains - Ethereum, Bitcoin + RSK and EOS ecosystems, IOTA, NEO, Dragonchain, Stellar, RChain, Lisk, Counterparty, Cardano, Monax.
Demand in different industries (e-commerce, medicine, transport rental, logistics, insurance, security, aviation).
Risks and disadvantages
The team has a modest experience in Blockchain.
Low confidence in management due to the risk of disagreement among co-founders.
The product looks promising, has an understandable and capacious sales area. The technology is tested, the company has experience in creating large-scale solutions and is known on the market.
Is there anyone else doing this GPS/blockchain integration type of thing?
We wouldn't classify the XYO Network as a GPS/blockchain integration; we are focused on providing trustless location signals across networks of different classes of location verification methods (GPS, Bluetooth, Cellular, QR-code readers, Radio, LPWAN, and even our own Low Earth Orbit satellites).
Instead of trying to fix the inherent spoofing vulnerabilities in one class of devices (i.e. GPS), we essentially layer all of them and have an blockchain-based ledger and history within each device leveraged by cryptoeconomics.
The name that has caught on for these types of blockchain-based platforms focused on location is "Proof of Location". There are a few other Proof of Location initiatives all that have different approaches (i.e. covering the world in LPWAN Radio Networks using triangulation). We think we're about to see a new industry emerge soon within the realm of blockchain called "Proof of Location". What this means is that our location data won't be onlyin the hands of governments that have the money to power GPS satellite networks in the future (potentially); offering us more options.
The world of tomorrow (drones, AI and self-driving cars) will rely on trustless location signals that literally cannot and should not make mistakes.
Great idea! But who are your competitors?
We really don't care or think about competitors. There are countless centralized alternatives that provide location data out there. But none are focused on blockchain developers and none are committed to being freely accessible and open to use. All of our technology is freely accessible by all and open-sourced.
Who are your customers?
Our customers are blockchain developers. We aim to serve our customers by giving them the best tools available to write smart contracts that need to plug into the real world to get the most flexible, secure and certain location data out there.
Our focus is:
#1) Our developer's experience
#2) Our developer's experience
#3) Our developer's experience
Nothing else matters.
Our focus is on providing them with the best set of tools, libraries, platforms and NETWORK, that allow them to achieve this in the most secure and cheapest way possible. Especially if that means branching into other networks and Proof of Location options (let's say Boeing's blockchain platform, if that happens). Our developers will enjoy easy and completely free tools and libraries to integrate it seamlessly. This is why the more Proof of Location options there are, it's better for our developers, and thus better for us.
We have "secondary customers" as a result of this who benefit (businesses and XYO Token users that transact using our token because our network has become so large and the de-facto standard preferred by developers).
Meaning, if we lose focus on creating the best technology, team and not focusing on what is needed to make this reality, then we lose. In the world of blockchain and decentralized organization/technologies, the concept of competitors really doesn't exist. Any other Proof of Location technology in our space is currently being or will be integrated as a Sentinel component in our system.
When is the Token Sale?
The public Token Sale is set to be March 20th-May20th.
What are the details of the XYO Token?
Smart contract platform: Ethereum
›› Contract Type: ERC20
›› Token: XYO
›› Token Name: XYO Network Utility Token
›› Token Address: 0x55296f69f40ea6d20e478533c15a6b08b654e758
›› Total issuance: Finite and capped at the amount reached after the Token Main Sale
›› Amount issued during the main sale: 100,000,000,000
›› Unsold and Unallocated tokens: Burned after the token sale. No further XYO tokens will be generated after the Main Sale ends.
Any info about token pricing or hardcap?
The public token sale has a tiered pricing structure that starts at 1 ETH: 100,000 XYO and maxes out at 1 ETH: 33,333 XYO.
Is there a minimum amount of tokens that one has to buy?
Whether you’re a big institution or an individual, there is no minimum. Keep in mind, tokens allocated for each stage of the Token Sale is limited and ETH/XYO price increases significantly from one stage to the next. Token Bonuses are naturally built into each stage.
How does one buy tokens? Can one buy via bank wire or credit card?
When our Token Sale begins, you will need to transact with Ether (ETH). We'll be providing instructions. That said, we will also be launching ready-made XYO Mining Kits, which will be preloaded with XYO in bulk and can be purchased with a credit card or other traditional fiat means. XYO Mining kit signup here.
What is the difference between participating via mining kit or token sale?
During our Token Sale you'll be able to purchase XYO in whatever amount you want (large or small). XYO Mining Kit purchases offer the benefit of being able to purchase the devices preloaded with XYO that is worth 1, 3, 5 ETH etc. by using a credit card. In the XYO Network ecosystem/platform, miners are rewarded for providing accurate location verification signals to the network (similar to how miners who compute cryptographic formulas are rewarded in Bitcoin or Ether i.e. Proof of Work). Diagram of the XYO Network and technology components can be found on our Technology page.
Do you have a target date to be listed on an exchange?
We can't confirm an exact date quite yet, but we aim to be on an exchange shortly after the Token Sale concludes.
What is the pricing structure of the sale, and what about the supply of tokens?
The supply is time-capped, not amount capped. The public Token Sale will have a tiered pricing structure so that early buyers get a better price than late buyers. There will be no new tokens generated after the Token Sale, and anything not allocated at the end of the Token Sale will be burned.
I have read that tokens have been pre-generated, how many have been created?
When we initially created our smart contract we pre-generated 100,000,000,000 tokens to ensure that we have a supply that can meet the demands of the Token Sale. Any unallocated tokens will be burned at the end of the sale, and no new XYO tokens will be generated.
How are you ensuring tokens will not be dumped en masse? Will you have any velocity sinks in place?
We will be staying away from the practice of giving away large quantities of tokens on a whim. This causes short-term spikes but is very bad for the token economy, and the token holder, in the long-term. This is further outlined in our green paper.
Regarding velocity sinks and related token economic concepts both before and after the Token Sale, that will be outlined in an updated section of the Green Paper, or perhaps even a brand new one that goes into detail on the XYO Network ecosystem's Token Economics.
What are some applications or use-cases of the XYO Network?
›› Drone Technology
›› National Security
›› Rental Car Facilities
Where is XYO based?
Downtown San Diego, CA.
Where can I find more info about the team behind the XYO Network?
The team is comprised of seasoned engineers, business development professionals and marketing experts. Arie Trouw solely founded XY Findables in 2012. Scott Scheper and Markus Levin joined as co-founders of the blockchain initiative in 2017 to assist in building the XY Oracle Network. You can find out more about the entire XYO team on our Team page.
Where in Asia are you building from?
If you're referring to the team, it will likely be based in Hong Kong but have reach into Singapore, S. Korea, Japan, and the other neighboring territories.
Do you guys have any working product or any beta version?
We have about one million bluetooth and GPS devices sold to date, and we're using that framework to build out the XYO network.
How many current users of your 1M devices will instantly enable the blockchain functionality?
We do not have a full count, but it will include all the apps and the XY4+ devices: in the hundreds of thousands.
What makes the location-pinging component that's installed in your devices tamper-proof?
We cover that in the white paper. It is not possible to make the physical devices tamper proof, but it would take a vast majority of the network to spoof data in a coordinated way, just like it takes a vast majority of miners to compromise Bitcoin. XYOs Proof of Origin and Bound Witness are key here.
Are all XYO devices made/sold by the company? Do they all create a mesh network that constantly pings and communicates as they pass each other?
We will likely be the sole initial manufacturer of XYO Network devices, but the protocol will be open to other manufacturers and developers. We'll encourage, but won't require, cross-compatibility wherever possible so that we can create that mesh network, but won't have barriers to entry for those who want to innovate.
Is there any form of built in location fault detection, specifically when it comes to k-index events?
Our system used relative location changing and does not rely on location readings. Having said that, we do have several approaches to detecting and removing faulty data. Our system uses relative location changing and does not rely on location readings. Having said that, we do have several approaches to detecting and removing faulty data.
So would it be safe to say that the guarantee of location is in fact relative?
The concept is that you can only prove relative truths and are willing to only accept absolute truths based on your own data. So for example, if you know all the relative links and your current location, getting a remote absolute location is mathematically possible.
Would GPS or SATs be able to do what you are easier?
In some cases, GPS information provides a solution on its own. In others, we can use that information to augment, strengthen, or confirm the validity of the information we receive.