XYO Layer 1 Blockchain Launches with XL1 Utility Token

最新报道:According to Bijie.com, XYO has launched XYO Layer 1, a blockchain for high-volume, real-time data applications. The platform introduces a dual-token model: XYO for governance and XL1 for network utility. XYO, one of the first and largest DePIN projects with over 10 million nodes globally, has launched XYO Layer 1. The blockchain is designed to support industries that rely on large-scale, real-time data, such as artificial intelligence, logistics, cloud services, and tokenized real-valued accounts (RWAs), providing developers, businesses, and everyday users with access to accurate, verifiable data at scale. For example, AI companies can use XYO Layer 1 to access a continuous stream of verified data for model training, while logistics companies can use verified location and environmental information to track shipments in real time, improving efficiency and decision-making. According to a press release shared with crypto.news, XYO decided to launch its own blockchain after more than seven years in the industry because existing networks were unable to meet the needs of efficient, data-centric applications. "Having spent years in the blockchain space, I've witnessed firsthand the shortcomings of existing systems," said Arie Trouw, co-founder and CEO of XYO. "The community is ready for a system that can handle massive amounts of data while remaining truly decentralized." In addition to the launch of Layer 1, XYO is also introducing a dual-token system to complement its existing XYO Token. Launched in 2018, the XYO Token serves as the primary token for DePIN rewards, governance, payments, security, and staking. The new XL1 token will serve as the native token for XYO Layer 1, supporting everyday network functions such as gas payments, transaction processing, blockchain operations, priority fees, and node operator rewards. Let's talk about the most pressing topic about XYO Layer One: rewards. The more you know, the better prepared you are ➡ https://t.co/zro2eUsmi9 pic.twitter.com/uSvYKAZAj6 XL1 is earned through staking XYO, which locks XYO's native token into the XYO Layer 1 ecosystem. This staking and rewards system is expected to keep a majority of XYO's circulating supply locked up for the long term, ensuring the network's continued security, stability, and incentives for ecosystem participants. XYO will initially migrate its own products to the new Layer 1, followed by key partners.

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