Altcoin, related to the decentralized physical infrastructure network (Depin) project, has increased almost 44% on Friday after receiving a prominent exchange list.
On Thursday, Bithumb, a Korean encryption exchange giant, announced that it is listed as the basic token of the XYO network.
The XYO network aims to process all types of distributed data.
Explain the website of the project
“XYO, which includes both networks and protocols, can be used to aggregate, verify, configure and use data distributed in hardware nodes that can run XYO support software or firmware.
The premise definition of XYO is a distributed verification that can enhance the sincerity of the received data by checking the data flowing into the database of the network by acting as a witness to each other. Then, with a simple and accessible tissue, you can use this data quickly and efficiently. ”
Earlier this month, the project announced that it would migrate the network with a new layer -1 chain focusing on DEPIN. To promote this movement, the XYO network is launching a new layer -1 default token XL1 and works as a double score model in the future.
According to the project, the XYO token will stay in Etherrium (ETH) and act as an anchor who controls the flow of XL1 to the default blockchain.
XYO trades $ 0.0154 at the time of writing. The 278th password assets increased by more than 71% last week.
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Created image: dalle3