Binance, the world’s largest cryptocurrency exchange by trading volume, has been increasing its altcoin offerings lately. The latest addition to its list is XYO, an ethereum token that allows users to interact with the XYO Network, a decentralized network of GPS beacons and sensors.
The XYO Network is designed to enable location-based applications and smart contracts. It does this by allowing developers to tap into a network of over 1 million GPS beacons and sensors that have been deployed around the world.
TheXYO Foundation, the team behind the XYO Network, is led by CEO Arie Trouw and CTO Scott Scheper. Trouw is a serial entrepreneur who has founded several successful startUPS, including the social media platform Backchannel and the e-commerce platform BuySellAds.
NOTE: WARNING: Binance does not offer trading of XYO tokens. Any claims that Binance is offering trading of XYO tokens should be treated with caution and reported to the appropriate authorities. Investing in cryptocurrency is risky and can result in the loss of your entire investment. Be sure to do your own research and only invest what you can afford to lose.
Scheper is a software engineer with experience working on large-scale distributed systems.
TheXYO Foundation raised $12 million in a private sale of XYO tokens in March 2018. The tokens are currently listed on several exchanges, including Binance.
Binance has been adding a lot of altcoins lately which is good for their users giving them more options to trade. The addition of XYO shows that Binance is continuing to expand its offerings and provide its users with more choice.
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Binance, the world’s leading cryptocurrency exchange, has announced its official support for XYO, the decentralized network of crypto-location oracles. XYO is the first project to launch on Binance’s new decentralized exchange, Binance DEX. This is big news for both Binance and XYO.
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