Xyo Network told co -founder Markus Levin to Cointelewraph in an interview.
The node is mainly composed of human users who provide data in return for rewards through Coin, a mobile application of the network. Levin told Cointelewraph, “Many of the 10 million nodes are mobile users, but some are the same IoT devices as smart speakers.
About 80%of XYO users are the first non -cryptographic indigenous people who participate in the WEB3, he added.
Levin said it includes a truck driver, a ride share driver, a delivery manager and a nurse.
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Depin tokenomics
XYO awards the user points that can be used for its XYO tokens and “BTC, ETH or Gift Card” in return, he said.
In October 2024, XYO connected the default token to Solana (SOL) to reach more users. According to CoinmarketCap’s data, XYO tokens have a market cap of about $ 180 million as of May 2.
XYO collects and verifies data from the actual asset (RWA) to the game. Then use some of the income to buy XYO again.
In January, XYO started a layer -1 block chain that collects real data as a public ledger on the XYO node.
The validity test of the network is a reward that stakes XYO and a new gas token, a new gas token on the network.
DEPINS is a blockchain protocol aimed at distributing actual infrastructure and systems, including telecommunication networks, data warehouses, and energy markets.
According to a September 2024 report by MV Global, a Web3 Investing company, it is one of the “NEXT BIG use cases” of Web3, and may be equipped with “many new users for the crypto space.”
According to MV Global, depin Ecosystem reduces 1,000 projects and the total market cap is about $ 50 billion.
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