XYO Network is the latest online community that allows you to earn passive income with “Geomining.”
Lately, there are so many cryptocurrency scams defrauding investors billions of dollars.
How do we know XYO Network is not a Scam?
Crypto enthusiasts believe XYO Network will disrupt GPS technology, replacing the tracking and locating of objects through blockchain technology.
XYO Network is in the process of building out its geolocation-based blockchain network. The company invites people around the world to participate in the project.
You can earn cryptocurrency by collecting and creating location data, then sharing the collected and verified locations to the XYO Network.
I am writing this XYO Network review to explain the process of earning passive income through Geomining, and why XYO Network might be a scam.
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XYO Network Review Summary
Name: XYO Network
Business Type: Crypto Mining
Investment: $24.95 or $34.95 Per Month
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What Is XYO Network?
XYO Network, short for XY Oracle Network, is the world’s first location-based decentralized oracle. The network allows multiple devices to anonymously collect and validate a specific location on earth, aka geospatial data.
The XYO Network is owned and operated by XY – The Persistent Company, which was incorporated in 2016 under the name Ength Degree LLC. XYO Network headquarters is in San Diego, CA.
The company began the development of the XYO Network blockchain technology platform in 2017. The idea is to replace the GPS for consumers to locate, track, and be notified of the location of their packages or objects.
XY – The Persistent Company invites people around the world to participate in building the XYO Network through Geomining.
Currently, you are not going to make a lot of money with XYO Network. The potential earning is in the future. When? No one knows.
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How Does XYO Network Work?
The best way to understand how XYO Network work is to give you a real-world illustration.
You have a dog that creates a tunnel under the fence to roam around the neighborhood.
You want to keep track of your dog. You attach a small device (the Sentinel) to his collar.
You go to work. The dog gets out. While your dog wandering around the neighborhood, the sentinel on his collar communicates with other sentinels to track his location.
Let’s say at lunchtime you decide to check on your dog.
You ask the XYO Network, using a mobile phone, “Where is my dog right not?” You pay a few XYO Tokens, and the XYO Network gives you the exact location of your dog at that time.
We can use the XYO Network to track and locate any objects around the world, including baggage tracking, equipment tracking, cargo inventory verification, package theft detection, car rental key tracking, and more.
People love the XYO Network because the company allows them an opportunity to earn passive income by becoming an owner of a Sentinel.
Since the sentinel on the dog collar communicates with other sentinels to provide the location of the dog, the owner of the sentinel that provides the location would earn a few XYO Tokens that you have paid to find your dog.
That’s the real-world application.
XYO Network Works in Technical Terms?
The XYO Network requires four basic technical components, the Sentinel, the Bridge, the Archivist, and the Diviner, to provide location tracking.
These are devices that collect and create location data to store on the Archivist. The Sentinels can communicate with other Sentinels to verify a specific location.
This device allows you to send the collected data from the Sentinel to the Archivist for storage. You can think of this as a data relay device.
The Archivist is a digital space that stores the data for later use. It’s a place to archive collected information.
Diviners are devices that ask or retrieve information from the Archivist, such as using a mobile phone to ask, “Where is my dog?”
Currently, the XYO Network is not fully functional. The company is in the process of building the Archivists. You can help the company build out the Archivist and earn passive income through Geomining.
But you must purchase the XYO Network Mining Kits, (aka. Geomining kit).
XYO Network Mining Kits
The first XYO Geomining Kits were offered on the market in the fourth quarter of 2018.
The first kits contained an XYO Sentinel and a Bridge. You needed these two devices to earn XYO coins.
In early 2019, the company abandoned the Bridge devices and switch to the COIN App.
The COIN App allows you to turn any smartphone into a Bridge to Geomining.
You still need to purchase the Sentinel to earn XYO Coins faster.
The company is currently giving away free XYO Network mining kits. You only have to pay for the shipping costs.
XYO Network App
You can download the XYO Network app for free from the Apple Store or Google Play.
The app connects your phone with the Archivist and the Sentinel. Currently, you can only use the app for Geomining.
You can mine XYO tokens without registering for an account. But you don’t have to ability to withdraw the earnings.
The fastest way to Geomine is to get a free SentinelX from the XYO Network by paying for the shipping fees.
Pairing the SentinelX with your COIN App allows you to Geomine 12x faster.
The app even offers two more options to mine more XYO tokens. But you have to pay a monthly subscription fee for them. Let discuss these XYO Network prices.
XYO Network Price
I am not talking about the shipping cost to get your free SentinelX.
The XYO Network prices that we are going to discuss in this review are the subscription fees to Geomine faster. You can purchase a COIN Plus or a COIN Pro plan.
The COIN Plus plan price is $24.95 a month. This plan offers the following benefits:
- 2x Geomining Speed
- 2x Geomining Recharge Rate
- 2x Likelihood of Big Geomines
- 12x Geomining Rewards (with or without SentinelX)
- 2x Additional Geomining Rewards
- 2x Bonus Drop Power
- 2x Background Rewards
- Geoclaim Shield
- Auto Collect
You can increase earnings by purchasing the COIN Pro plan from XYO Network. The subscription fee for this plan is $34.94 per month. COIN Pro provides these benefits:
- 3x Geomining Speed
- 3x Geomining Recharge Rate
- 3x Likelihood of Big Geomines
- 12x Geomining Rewards (with or without SentinelX)
- 3x Additional Geomining Rewards
- 3x Bonus Drop Power
- 3x Background Rewards
- Geoclaim Shield & Bonus
- Auto Collect
Most people geomine with the free XYO Network account because the earnings are not enough to pay for the Plus or Pro plan.
Is XYO Network A Scam?
Lately, investors have lost millions of dollars to cryptocurrency scams. Many people argue that the XYO Network is just another crypto scam.
The XYO Network scam starts with the belief that people get tricked into Geomining.
This Geomining is a scheme to help the company build the Archivists, having people around the world collecting the geodata for free.
Since sentinels rely on Bluetooth technology to track an object, many believe the XYO Network will never replace the GPS.
There are too many limitations with the Bluetooth tracking technology. It doesn’t work properly in a crowded place. It doesn’t track or locate an object beyond 65 feet. It uses a lot of energy to continuously scan for nearby sentinels.
However, this argument doesn’t point to any evidence that XYO Network is a scam. The company still sends out the sentinels for free. Users do earn XYO coins, which they can exchange for other cryptocurrencies or cash.
As a successful Online Business Reviewer, I have evaluated hundreds of investment offers and online moneymaking opportunities to expose scams.
I am going to tell you the truth that XYO Network is a high-risk investment, not a Scam. The future of the XYO Network is unclear. This investment is to generate future passive income, not for those looking to make money today.
Is XYO Network A Good Investment?
The best approach to investing in XYO Network is to download the free COIN app and request a free sentinel to start Geomining.
I don’t think purchasing the Plus or Pro plan is a good investment, because the earnings are not enough to cover the costs.
XYO Network is a long-term investment. I am talking about five to tenth years.
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I hope this XYO Network review answers your question, is XYO Network a scam?
Until next time.
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