After the list of Xyo Token on the South Korean Bithumb Exchange, the relevant Altcoin said an increase of approximately 44 %. This development draws attention with the interest of Xyo Network’s decentralized physical infrastructure project by investors. On the other hand, the limited listings of a small number of South Korean -based stock exchange attract serious buyers to the relevant subcoins on a global scale.
BİTHUMB listing and transaction volume
With the B’s announcement, the Xyo token will be listed. This seems to have attracted the attention of investors and contributed to the increase in the process volume of the token. Listing, which is deemed attractive by investors, led to a short -term mobility in the market.
The Xyo Network is introduced as a network and protocol designed to process decentralized data. The project allows the collection, verification and organizing data through XYO -compatible software or firmware, which works on various hardware nodes.
“Xyo, which covers both a network and a protocol, can be used for the collection, verification, editing and use of decentralized data from any hardware node that can run XYO software or product software. Then it allows the data to be used quickly and efficiently. ” – XYO NETWORK
The project has recently announced that it will move its network to a new Layer-1 network with decentralized physical infrastructure-oriented. Within the scope of this transition, the local token, XL1 will be introduced and the double token model will be switched. It is aimed to regulate the flow of XL1 on the new network by staying on the Ethereum of the original Xyo token.
Data verification and decentralized operation
Xyo Token offers an unforgettable structure by allowing the devices on the network to verify each other’s data. This structure increases the reliability of the data and allows it to be used quickly. This aspect of the project gives important clues about its technological infrastructure.
According to market data, Xyo Token is traded at approximately $ 0.0154. Token ranks 278th in the market value ranking and has increased by 71 %in the last week.
In the general assessment, the increase in the value of Xyo Token’s post -listing, both the impact of BİTLUMB and the developments in the technological infrastructure of the project. Market movements seem to reflect the interest of investors in technology -based projects. This may be an indicator for the future developments of the related project.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
