DePIN technology has been making waves in the realm of web3.0 as it has the capability to truly connect with IoT and collect verified data from participants in the network. XYO network is making the jibe to truly leverage the potential of DePIN with state of the art node infrastructure.
Remember the times when blockchains worked in isolation and would depend on third party oracles to interact with real world data? Well, DePIN removes this concentrated dependability on third parties that can fail owing to centralized technical infrastructure.
In this article we will take you through what XYO network is and how to buy and sell XYO tokens on Bitunix.
How Does DePIN Work?
Before we explore what XYO coin is let’s understand what DePIN is and how it works in the real world. DePINs, short for Decentralized Physical Infrastructure Networks, refers to projects that create blockchain-based management systems for tangible facilities, such as marketplaces for computing power and real-world data.
It is a network of crowd-sourced providers delivering specific real-world services to users while utilizing a public ledger (blockchain) to record the services provided. These providers receive rewards through cryptocurrencies, which may operate on the same or a different blockchain network.
What is XYO Coin?
XYO coin is the native token of the XYO network – a DePIN platform that collects verified data in a decentralized way. The XYO Protocol sets the blockchain standards and rules for the ecosystem and its structured data, ensuring sovereignty, permanence, and provenance.
It facilitates seamless and interoperable data transfer within the XYO Ecosystem, making it the sole reliable method for ensuring trustworthiness in AI systems. Essentially, XYO stands for XY Oracle.
The XYO Network is like a bridge between the digital and physical worlds, letting smart contracts get real-world info. Imagine you want to know if your package actually arrived at your doorstep. With XYO’s network of gadgets, you can pinpoint if something’s at a specific location.
If it is, you can set up apps to make smart contracts do their thing—like automatically paying for that delivery. It’s like giving your smart contracts the ability to see and react to the world around them!
How Does XYO Coin Contribute to XYO Network?
The XYO Network aims to create a trustless oracle for Web3 and Web2 users to manage and monetize their data securely. Following are the key features of XYO coin that power the entire network in a seamless way.
- Incentivizing Data Contribution: XYO tokens reward users who contribute data to the network, creating a self-sustaining economic model. This includes compensating users of the COIN app for contributing verified location data7.
- Payment Tool: The XYO token serves as the payment method for accessing and validating location data within the network. Users pay XYO to transfer and validate information. Users feed verified data on the native app of XYO – The Coin App (available on Playstore and Appstore)
- Accessing Platform Services: The XYO token is used to access services on the XYO platform and allows users to participate in maintaining and expanding the ecosystem.
- Facilitating Sovereign Data Transactions: XYO solidifies the token’s place within its ecosystem by exclusively offering payment and reward channels using the XYO token, which is key to XYO’s DePIN model of data sovereignty.
Who are The Founders of XYO Coin and XY Labs?
The founders of XYO are Arie Trouw and Markus Levin. Trouw is the CEO, while Levin is the Co-founder and Head of Operations. Trouw has a strong background in technology and has been instrumental in developing innovative solutions that bridge the gap between the physical and digital worlds.
Trouw has held multiple leadership roles, including CEO and Chairman at XY Labs, where he advocates decentralization and the integration of user ownership models. Levin, the co-founder of XYO, has nearly two decades of experience in technology leadership, Levin has a diverse background that includes roles as CEO in various tech ventures.
XYO was founded in 2018. XYO’s parent company, XY Labs, was founded in 2012.
XYO Coin Price & Market Analysis
Source: TradingView
At the time of writing $XYO is trading at $0.1632 with a market cap of $220 million. XYO’s 24 hpur trading volume has recorded a surge of 29.42%. The total and max supply of XYO is capped at 13.93 billion.
The current RSI of XYO stands between 57-51 showing a strong bullish momentum coupled with high trading volumes. The outstanding performance of the token has sparked a conversation in the crypto landscape. Traders bullish on XYO anticipate if XYO will reach $1 anytime soon. The token could potentially reach a dollar if the buying pressure and interest in XYO grows 2 fold in 2025.
The token has tested the $0.015–$0.0155 zone multiple times, suggesting this could be a key support area. The current MACD suggests a consolidation phase. A bullish MACD crossover in tandem with RSI moving above 50 would strengthen the bullish case.
Price Prediction of XYO Coin: Is XYO Coin Worth Buying?
By 2025, the next crypto bull cycle may be in play (often influenced by Bitcoin’s halving in 2024). If XYO continues to expand its ecosystem, gains new partnerships, and rides a broader market uptrend, it could see a substantial increase in price.
As of February 19, 2025, XYO is trading at approximately $0.0163. Short-term forecasts suggest that the price may fluctuate around $0.0170 over the next few weeks, with slight increases expected. Analysts project that XYO could reach an average price of around $0.0270 throughout 2025, with maximum predictions going as high as $0.0348 by the end of the year, reflecting a potential increase of over 64% from its current levels.
How to Buy/ Sell $XYO ?
To buy $XYO, you need to create an account on Bitunix. If you are already a registered user, you can skip this step.
To trade in XYO/USDT, navigate to the main menu and click on the Markets tab and select ‘Marketplace’.
Next, look for XYO in the search bar.
Next, click on Trade. This will open the spot trading window for XYO/USDT.
Now, you can place a buy or sell order for XYO. Please note you can buy XYO at market price or limit price. In a market price order, the trade will get filled immediately, while at ‘limit price’ you can buy or sell XYO at your desired price. When the token hits your desired price, the ‘limit order’ will be filled.
How to Buy Crypto On Bitunix?
You can buy USDT through our on ramp crypto partners like Moonpay, AlchemyPay and Volet. Bitunix also offers p2p crypto trading. Following are the steps to buy USDT through a third party provider.
Navigate to Buy Crypto in the main navigation menu. Click on Buy Crypto tab and choose Third Party from the drop down menu.
Next, choose your currency, crypto and the amount you wish to spend. Now, choose your preferred payment method and click on Buy. Next, verify the payment with your bank or payment gateway (Bank or payment gateway like Apple Pay) Once done, the crypto will be reflected in your Bitunix account.
How to Buy/ Sell USDT using P2P Trading on Bitunix?
Bitunix has recently added P2P trading to make your crypto investing journey a breeze. Follow the following steps to place a P2P USDT order.
First, head over to the Buy Crypto tab in the main menu. Now, click on P2P Trading from the drop down menu.
Next, choose the amount you wish to spend and the preferred method of payment. Once done, the system matches your order requirements with the verified merchants. Now, you can choose the merchant you wish to buy your USDT from.
Next, click on Buy and make the payment. Once done, share a screenshot of the payment and click on I have Paid. Once the seller has received the amount, he/she will release the funds.
How to Deposit Crypto on Bitunix?
If you already own crypto and wish to deposit in your Bitunix account simply follow the steps below
First, navigate to the main menu and click on the wallet icon. Now, choose spot account from the drop down menu.
Next, click on Deposit from the menu to your left.
Next, choose crypto and network you wish to deposit through. This will generate your deposit address that you need to send your crypto to. Double, triple check the details before you send your crypto to the deposit address. Make sure to never manually copy the address as it might lead you to miss out any characters.
Wrapping Up
In conclusion, XYO Network is at the forefront of integrating DePIN technology to revolutionize how data is collected and utilized in the Web3.0 space. By leveraging the power of XYO Coin, the network incentivizes accurate data contributions and ensures seamless interactions between the digital and physical realms. As XYO continues to expand its ecosystem, its potential for growth in the crypto market remains promising. With a robust infrastructure and a visionary team, XYO is poised to play a significant role in the future of decentralized data management.
