Topic: [ANN][TOKEN] XYO - Decentralized Crypto-Location Oracle Network. Sale 20.03 - page 66. (Read 79860 times)

It is already on CMC but total supply is 100 billions that I think will be corrected in coming days. If someone don't want to wait and didn't follow the project earlier and is interested to know how many tokens were created during sales, can I have answer ? I want to have idea about supply which will be final but can't find information.

how long will it take the team to refund the tokens we brought at ico?

Hey XYO Community!! 

Check out (Raw and Uncensored) Bitcoin Foundation Founder Charlie Shrem Interviewing Scott Scheper of XYO! 


https://www.youtube.com/watch?v=9K1znsKQghgT

Not bad at all, it was a big amount already they can start their plans. I don't expect that they will reach that projected amount because they didn't have a cap in the sale also considering it as it not push its investors to rush in investing on this ico.

The team did not raise the projected $48M during the main sale, although, it didn't go that badly, either, considering the cryptocurrency bear market. ~17,000 ETH worth of XYO had been sold by the end of the main sale; which by historical ETH Prices is $12,225,691.04; $10,000,000 came in the last 30 days of the main sale.

It is not true, no one knows exactly how much but certainly not over 20 million dollars. Now we probably have to wait for gamma to end.

$40 million dollars? for real? Please give us a source of that information, I would love to verify this.
Honestly, I though it only reach close to 20K ether but since the ICO is over, I would like to know the final figure if anyone has it.

congratulations for this project because it has completed the ico with good, though could not hit the target yet with such income has been very good.

Yes, token sale has been ended they set a target of $48 million but they did not reach the hard cap but managed to reach $40 million. They closed the crowd sale and people could not able to purchase the coins anymore.

The team did not raise the projected $48M during the main sale, although, it didn't go that badly, either, considering the cryptocurrency bear market. ~17,000 ETH worth of XYO had been sold by the end of the main sale; which by historical ETH Prices is $12,225,691.04; $10,000,000 came in the last 30 days of the main sale.

As for token sale, what we have right now is GAMMA platform sale. public token sale has ended

i think the token sale has been ended, you can not buy XYO token anymore. By the way, can someone tell me how much fund raised in ICO ?

🔎 GUIDE🔍: https://app.xyo.network/gamma

👉🏻 To CONTRIBUTE please head to: https://get.xyo.network/flow/ (This has the KYC Form)
Also, no need to pass KYC if you've already purchased tokens before  

👉🏻 The ONLY official domain is https://xyo.network/

this announcement will be made public as soon as the burning process is finished.

hi there!
Please check out this little explanation from scott, I hope it helps in understanding the underlying reasons for the team's course of action:

As always, the plan has been to hit a projected target amount of $48M; however, we structured the token sale to not limit this amount (uncapped) in order to use capital to invest in the hardware of building a location network (capital intensive); obviously we did not blow past $48M!

So we were faced with a decision.

Actually a few:

One option was to just decide to extend the XYO Token Main Sale indefinitely. However, we didn't think this was the best decision for the Token Holders and community for a few reasons: a) It didn't feel like it followed the philosophy/spirit of blockchain. When you publish a smart contract, if what you want to happen doesn't happen, you suck it up and let the smart contract run its course deterministically. At least, that's what I believe.

For instance, we used some pretty ingenious and insane math/programming to architect a smart contract that dynamically got more expensive after each transaction. It was beautiful, it was perfect. But that is assuming that you were selling at 10x the level we were selling at.

In practice, what actually happened was that bonuses were way way under-delivered to early token purchasers during the main sale compared to those who waited til the end. That is, if you had bought on March 20th, it would have been about 1 ETH <=> 100,000 XYO; Today, it's at 1 ETH <=> 97,385.79 XYO.

That sucks, IMO! In my world (Scott's world), I wish it was at 1 ETH <=> 33,000 or even less (67% bonus)! To really reward our early backers.

And that highlights the second reason why just extending the XYO Token Sale didn't seem like a good option (the smart contract that really is poor at rewarding our early Token Holder (YOU) would have continued on. That sucks and isn't fair to you, IMO.

The second option was this:

We just do nothing and let the sale end/conclude.

This would suck and be problematic, though because the allocated tokens (to XYO Team, Advisors, etc. would be way larger than we hoped/estimated (i.e. we want the community to own the majority of tokens; wherein if the sale stopped after the XYO Token Sale, we would end up having the majority, wherein the public would only have 22%!). Hell no.

The third option was this:

We were making an insane amount of progress on the XYO GAMMA Client (much faster than our roadmap indicated). And the plan all along was to continue to make XYO available to purchase to use in the Gamma Platform (imagine new blockchain developers that discover XYO and the crypto-kitties of XYO; yet the experience in actually acquiring/purchasing XYO is a pain in the ass. That would hurt not just the dApp developer, it would hurt all XYO Token Holders). Therefore the plan was always to sell XYO directly for XYO dApp Developers through GAMMA (as outlined on our schedule) and allocate XYO to be sold directly to the public to encourage the awareness of XYO and growth of the platform publicly sold. Wherein the crypto-economic reserve is used mainly to incentivize and fascilitate the ecosystem of the crypto-location miners, tokens for the Public Token Pool would be allocated to be sold to stakeholders that create the market value (and thus crypto-economic incentives for the miners).

Thus, it seemed like a no brainer that the best solution was to let the existing token sale end as promised; however make sure we allocated the amount of XYO to the Public Token Pool that would enable us to reach our intended target of $48M.

But at the same time, how do we do so while also rewarding our current XYO Token Holders and project backers who participated early (in the XYO Token Sale): that is to build in significant bonuses from the get go (i.e. GAMMA Sale starts at 1 ETH <=> 74,000 XYO and with each 50 Million sold of XYO, it gets more expensive by 2.50% thereby giving our current XYO Token Holders a 2.5% bonus ongoing after EACH 50 Million is sold).

So not does this just mitigate against diluting current XYO Token Holders, it rewards them with a bonus at a much more rapid rate than the XYO Token Sale current smart contract.

I can assure you XYO and the GAMMA sale is certainly not a scam. There will always be FUDders. Nothing has changed with the introduction of the GAMMA sale; the unsold/unallocated XYO will be burned as has been stated since January. In fact, there are good reasons for people to be excited about this news. The GAMMA platform will be going live ahead of schedule and is being reviewed by one of the biggest names in Ethereum as we speak. By making XYO available to purchase (from the allocated pool, which does not dilute anyone, as unsold/unallocated tokens are burned). The team believes that if they focus on developing the technology/platform, instead of rushing to wine and dine lower-tier exchanges, they have the best chance at creating the best cryptocurrency by growing the project the right way and listing on one of the most sought-after exchange

Also, if you missed this out, check out the latest AMA the team did hours ago

You can watch it here 👉 https://www.facebook.com/xyonetwork/videos/1850574958327287/
or thru here 👉  https://app.xyo.network/gamma

It's an hour long yet it's very informative. All questions are answered here by the team✨

At the moment, the XYO Team is focused on development of the project which in turn will help drive the value of the token although it is already listed on decentralised exchanges and was listed today on coinmarketcap.

I don't understand how someone could buy this piece of shit. I managed to break even selling this junk on idex.

It is already there: coinmarketcap.com

(Raw and Uncensored) Bitcoin Foundation Founder, Charlie Shrem Interviews Scott Scheper of XYO. Charlie Shrem discusses XYO's successful Token Sale, what's next with the GAMMA Platform Launch and blockchain's first community powered satellite system (featuring Charlie's face).https://www.youtube.com/watch?v=9K1znsKQghg&feature=youtu.be&a=

after this project I really stopped believing all platforms with the promotion of ico and their evaluation! gave ratings 4.7-4.9 and it was collected 4 million ...