Coin App powered by XYO

DePin (Decentralized Physical Infrastructure Networks) is an emerging blockchain-based technology that aims to bring decentralized physical infrastructure into the digital world. Unlike traditional networks that are limited to purely digital infrastructure, DePin focuses on the physical layer of the Internet, connecting real-world assets, devices, and sensors to decentralized networks.

At its core, DePin integrates physical assets with blockchain technology to create decentralized systems that provide a variety of services—ranging from geospatial data tracking to real-world object monitoring and much more. DePin networks are designed to allow people to build, share, and utilize infrastructure, such as wireless networks, energy sources, and physical sensors, without relying on a centralized authority.

Some of the key features of DePin blockchain technology are:

1. Decentralization of Physical Infrastructure: DePin allows individuals to contribute physical assets to the network (e.g., IoT devices, sensors, etc.), thereby decentralizing infrastructure ownership. This results in a more resilient, cost-effective, and efficient system.
2. Tokenization of Physical Assets: Through DePin, physical assets like sensors, storage, and even power sources can be tokenized, allowing for fractional ownership and easy exchange. This enables a new economic model for the use and ownership of physical infrastructure.
3. Interoperability: DePin technology facilitates seamless integration of devices from different manufacturers and allows them to communicate with each other through the blockchain. This promotes innovation in areas like IoT (Internet of Things) and smart city development.
4. Data Integrity and Security: By leveraging blockchain, DePin ensures the integrity of data collected from physical devices and systems. This creates secure, verifiable records of real-world interactions that can be used in various industries, such as supply chain management, geospatial data services, and environmental monitoring.
5. Incentivization Models: DePin networks often rely on a native token or cryptocurrency to incentivize participation. This token can be used to reward users who contribute physical resources (e.g., providing data from sensors) or support the network in other ways.

XYO (XY Oracle Network) is a key project that incorporates DePin principles and is designed to solve the challenge of verifying and securing location data in a decentralized manner. Location-based data, which has traditionally relied on centralized entities such as GPS providers and centralized mapping systems, can now be decentralized using the XYO network.

XYO is a cryptocurrency token that powers the XYO Network. The network aims to enable location data to be validated in a decentralized, secure, and transparent way, allowing individuals, businesses, and developers to trust the accuracy of the location data without relying on a central authority. This is important because geospatial data plays a critical role in many applications, such as:

• Supply Chain Tracking: XYO can be used to track assets and goods across different locations, ensuring that supply chain data is accurate and trustworthy.
• Geospatial Data Services: Companies providing mapping, location-based services, or real-time traffic data can leverage XYO's decentralized protocol to enhance the reliability of their data.
• Augmented Reality (AR) and IoT Applications: Many AR applications and IoT devices depend on precise location data. XYO provides a solution that doesn't rely on traditional GPS or Wi-Fi positioning, which can be unreliable in certain environments.

The XYO Network uses a combination of various entities to validate and verify location data:

1. Sentinels: These are the devices or nodes that gather location data. They could be physical sensors or smartphones, and they continuously monitor and record the geospatial data.
2. Bridges: Once location data is gathered, Bridges are responsible for transmitting the data to the blockchain for validation.
3. Archivists: The Archivists store the validated location data on the blockchain, ensuring it is immutable and traceable.
4. Diviners: These are the nodes that use machine learning and algorithms to interpret and cross-reference location data from Sentinels and other sources to determine the accuracy of the data.

By creating a decentralized network for location verification, the XYO protocol enables more trustworthy and secure location-based services.

The XYO token plays several roles in the network:

• Transaction Fees: Users pay XYO tokens as transaction fees when validating or accessing location data on the blockchain.
• Incentive Mechanism: XYO tokens incentivize participants to contribute accurate location data. Nodes in the network, such as Sentinels, Bridges, and Archivists, are rewarded with tokens based on their contribution to the validation process.
• Staking: Participants can stake XYO tokens to secure the network, increasing the accuracy and reliability of the data that is being verified.

In addition to XYO, there are other projects and tokens that are relevant to the broader DePin ecosystem and location-based applications:

Helium is another prominent project in the decentralized infrastructure space. It focuses on building a global wireless network for IoT devices, using blockchain technology to incentivize individuals and businesses to set up their own wireless hotspots.

• Helium Token (HNT) is used to reward participants who contribute to the network by providing wireless coverage.
• The network supports IoT devices by offering low-cost, long-range connectivity. It's particularly useful for applications such as smart agriculture, environmental monitoring, and supply chain tracking.

Helium and XYO share similar goals in enabling decentralized physical infrastructure, although Helium is more focused on wireless network coverage for IoT devices, while XYO focuses more on location validation.

Filecoin is a decentralized storage network that could also be seen as a part of the broader DePin ecosystem. While not specifically focused on location or physical infrastructure, Filecoin provides a decentralized network for storing data, which could be used in tandem with location-based services to securely store geospatial data, sensor information, or other physical-world data.

• Filecoin Token (FIL) is used to pay for storage and retrieval of data on the Filecoin network.

Filecoin could be integrated with systems like XYO to ensure that geospatial data (or any data from physical infrastructure) is stored securely and is accessible in a decentralized manner.

IoTeX is another blockchain project focused on the Internet of Things (IoT). It enables secure, private, and decentralized interaction between physical devices and users through the use of blockchain technology.

• IoTeX Token (IOTX) is used within the network to pay for services, stake for security, and reward participants.
• IoTeX is particularly well-suited for projects that need to connect devices in a decentralized manner and could be used in conjunction with DePin protocols.

While not a DePin project in the strictest sense, Chainlink plays a key role in decentralized oracles, providing a bridge between on-chain and off-chain data. For example, a project using XYO or other location validation services might rely on Chainlink to pull in external data (e.g., weather data, GPS data) from real-world sources and bring it onto the blockchain.

• Chainlink Token (LINK) is used to pay for oracle services on the Chainlink network.

DePin blockchain technology, powered by projects like XYO, is ushering in a new era of decentralized physical infrastructure networks. By enabling the secure, transparent, and immutable validation of location and sensor data, XYO and its native token play a pivotal role in making this vision a reality. Additionally, other relevant tokens like HNT, FIL, IOTX, and LINK help expand the ecosystem by contributing to decentralized IoT, storage, and oracle networks.

Together, these projects are building the foundation for a new class of decentralized applications that bridge the digital and physical worlds, unlocking new opportunities for innovation, transparency, and efficiency across industries.

Sweatcoin vs XY O Coin: Which App Rewards You More for Your Steps?
 

If you are looking for a way to earn some extra cash or rewards while  staying fit and active, you might have heard of Sweatcoin and XY O Coin.  These are two popular apps that pay you for your steps, but how do they  compare? Which one is better for you? Let's find out.
 

What are Sweat and XYO Coin?
 

Sweat and XYO Coin are both mobile apps that track your movement  throughout the day and convert the steps you take into digital currency.  You can then use this currency to redeem various products, services, or  experiences from their marketplaces, or exchange it for other  cryptocurrencies or fiat money.
 

Sweatcoin uses its own algorithm to count your steps, and does not  require any additional hardware or devices. However, it only counts your  outdoor steps, and has a limit on how many steps you can earn from per  day, depending on your subscription plan. Sweatcoin also has a variety  of offers in its marketplace, ranging from discounts, free trials,  sweepstakes, to physical goods and gift cards. You can also donate your  Sweatcoins to various causes or share them with your friends and family.
 

XY O Coin uses XYO's blockchain and fingerprinting technology to verify  your location and steps, and rewards you for validating geospatial data.  You can earn more by using a SentinelX device, which is a Bluetooth  beacon that enhances your data value, or by subscribing to a premium  plan. XY O Coin has a more limited selection of offers in its  marketplace, mostly consisting of digital assets, electronics, and  gaming consoles. You can also transfer your XY O Coins to an external  wallet or exchange, or use them to participate in minigames or  challenges within the app.
 

How much can you earn from Sweatcoin and XY O Coin?
 

The amount of money or rewards you can earn from Sweatcoin and XY O Coin  depends on several factors, such as your activity level, your  subscription plan, the conversion rate, and the availability and value  of the offers in the marketplaces.
 

According to Sweatcoin's website¹, the average conversion rate is 1,000  steps = 0.95 Sweatcoins. However, this rate may vary depending on the  accuracy of your step count, which can be affected by your phone model,  battery level, GPS signal, and other factors. Sweatcoin also has  different subscription plans that limit how many steps you can earn from  per day. The free plan, called Mover, allows you to earn up to 5  Sweatcoins per day, or 150 per month. The paid plans, which cost  Sweatcoins per month, are Shaker (10 Sweatcoins per day, or 300 per  month), Quaker (15 Sweatcoins per day, or 450 per month), and Breaker  (20 Sweatcoins per day, or 600 per month). There is also a plan called  Trouble Maker, which costs $0.99 per month, and lets you earn up to 50  Sweatcoins per day, or 1,500 per month.
 

According to XY O Coin's website², the average conversion rate is 1,000  steps = 0.5 XY O Coins. However, this rate may also vary depending on  the quality and verification of your data, which can be enhanced by  using a SentinelX device or a premium plan. A SentinelX device costs  $12.95, and can increase your earnings by 12x. A premium plan costs  $24.95 per month, and can increase your earnings by 10x. You can also  combine both a SentinelX device and a premium plan to boost your  earnings by 120x.
 

The value of Sweatcoins and XY O Coins also fluctuates depending on the  market demand and supply, and the exchange rate with other currencies.  As of November 17, 2021, one Sweatcoin is worth about $0.01, and one XY O  Coin is worth about $0.002³. However, these prices may change over  time, so you should always check the current rates before redeeming or  exchanging your coins.
 

The offers in the marketplaces of Sweatcoin and XY O Coin also vary in  terms of availability, value, and appeal. Sweatcoin has a wider range of  offers, but many of them are discounts, free trials, or sweepstakes,  which may not be very attractive or valuable to some users. XY O Coin  has fewer offers, but most of them are physical goods or digital assets,  which may be more appealing or valuable to some users. However, both  apps have limited stock and high demand for their offers, so you may  have to act fast or save up a lot of coins to get the ones you want.
 

Which app is better for you?
 

The answer to this question depends on your personal preferences, goals,  and lifestyle. If you are looking for a simple and fun way to earn some  rewards for your outdoor steps, and you don't mind the daily limit or  the variety of offers, then Sweatcoin may be a good choice for you. If  you are looking for a more advanced and rewarding way to earn digital  currency for your location and steps, and you don't mind the extra cost  or the limited offers, then XY O Coin may be a better option for you.
 

Ultimately, both apps have their pros and cons, and you may want to try  them both and see which one suits you better. You may also want to use  them in combination, as they do not interfere with each other, and you  can earn from both apps at the same time. However, you should always be  aware of the potential risks and limitations of using these apps, such  as data privacy, battery consumption, network connectivity, and fraud  prevention. You should also consult your doctor before starting any  physical activity, and exercise responsibly and safely.
 

Several apps have been designed to improve the crypto experiences of people. From lending apps to exchanges and portfolio handlers, there are lots of applications every trader has to have on their devices.

If you know of geomining, you've probably heard of Coin App. It was created in 2019 and has over a million users today. These users earn digital assets as they perform their daily tasks, like walking, jogging, and traveling.

For those that have no idea, geomining is the act of extracting geographical data in physical space and giving your location a value. Today, geomining is performed through the Coin app on the XYO network. 

What is Coin App?

This is an app designed for geomining that anyone can download from the Google or Apple app stores. It works for anybody that has an internet connection or GPS. Since the app doesn't use a lot of mobile data, you can use it every day without worrying about your data limit. 

The primary reason why users use the Coin app is its earning potential. It is possible to earn the in-app currency, referred to as the Coin. You can exchange these Coins in the future with digital or physical things. 

Coin app has been in partnership with XYO foundation to offer the existence of users in their location. As a result, the app stops location spoofing and prevents the Coin currency from getting into the wrong hands – people that fake their locations to earn more coins. 

What is XYO?

Cryptocurrencies had a slow start, but with time, they grew in popularity. Bitcoin, being the first cryptocurrency was not what the creators had in mind. It was a new virtual currency that a lot of people were scared to use. But as time went by, more people began to understand and see that there may be something to it. This led to an increase in interest.

As soon as Bitcoin became more popular, new blockchain networks and cryptocurrencies were created on the internet. All of them were based on the Bitcoin blockchain until 2014, and in that year, the Ethereum network was formed. 

Being a smart-contract-based blockchain network, Ethereum tried to improve the blockchain world and repair some defects that other networks had. It set the ground for creating various networks in the future, among which is XYO.

Also referred to as XY Oracle Network, XYO is a blockchain network verifying locations built on top of the Ethereum protocol. A lot of experts claim that XYO is the future of geo-location because it works like a GPS.

The XYO Network has four segments that work together to provide the full package, they are: 

• Sentinels: Responsible for getting location      details by using sensors such as Bluetooth, radios, and WiFi.
• Bridges: Have the duty of passing this information over to the next line. 
• Archivists: Sort and clean up the data for it to be correctly stored.
• Diviners: They receive the cleaned data  from the Archivists and they analyze the data and respond to questions on the network.

XYO has a lot of potential applications; however, the most popular is getting payments for deliveries. Since the main task of the network is to verify locations, a seller would be able to design a smart contract, and the job of XYO would be to follow the package and complete the payment as soon as it arrives at its destination. The ensures that payments will be much faster than traditional methods, sellers would instantly get their funds.

XYO Network Coin Price

The XYO Network has been in existence for more than three years, and unlike other coins, its price is not spectacular because the ICO didn’t go so well. It only sold 25 percent of the maximum supply during that period. Despite this, the price had a reasonable increase since it arrived on the market.

The price of XYO Network today is $0.00456313 with a 24-hour trading volume of $242,007. This price is down -4.5 percent. There is a circulating supply of 8.3 Billion XYO coins and a total supply of 14 Billion. 

Smart contracts can access the real world with the ecosystem of the XYO Network of devices to ascertain if an object is at a particular XY coordinate. If it is, the user can set up applications that carry out transactions in the smart contract. This has created a lot of possibilities. The applications of such a technology are endless.

For instance, an eCommerce business can use the XYO Network to provide their premium customers with payment-on-delivery services. To do this, the eCommerce business has to leverage the XYO Network to create a smart contract.

Once this is done, the XYO Network can track the location of the package sent to the client at every step of fulfillment - from the time it leaves the warehouse shelf to the shipping courier, all the way to the house of the consumer, and every location in between. 

This can make it possible for eCommerce businesses to verify that the package not only arrived at the doorstep of the customer but also safely inside their house.

Getting Started

It is pretty easy to get started with the Coin app because the app is readily available for iOS and Android users for free. As of today, more than a million people have downloaded the app. After downloading the app, you'll have to set it up. 

The first time you open the app, it'll request for your location services to be turned on. It’s vital since the app has to know your location for geomining to be possible. 

Even though users can geomine without creating a user account, the developers recommend every user to create an account to keep the assets safe in your email address. 

After creating your account, click on the pickaxe button on the screen, you'll then see a blue ring on the screen when you’re geomining. As you earn coins, enter your account. You can track your Coins from the counter on the top of the screen. 

Conclusion

It has been a challenging year for pretty much everyone in the world, particularly due to the Covid-19 pandemic; however, the coin app has survived this 'crypto winter' and has witnessed a dramatic increase in the price of XYO.