If this is your first time hearing about XYO, then you might be asking yourself “Why Should I Start Mining XYO (Coin) through the Coin App Today”. I began using the Coin app in early to mid-2019. I remember it being advertised as a Pokemon Go for adults. I was soon walking and driving around everywhere mining and collecting Coin (which you later trade for XYO).
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Possible Use Cases for XYO (Coin)
One of the use cases the XYO website sold me to was something along the lines that they were a company that aims at, developing as a crypto-location oracle network that aims to provide blockchain verified location data from phones to cars. This means users mining through the app sends their valuable geospatial location which may be used to verify real-world tangible items. In the words of the company, “Blockchain technology allows data to be permanent and chained, which ensures high-mobility assets, and error-prone processes are tracked, monitored, and reliable. Teams in industry that think of utilizing these resources for location data is a benefit for consumers as well, which we feel is a public good.”
How High Can XYO Go?
When I first got the app in 2019, I eventually paid for a 30-day trial. I mined every day for about 2-3 hours a day and eventually ended up with 120,000 XYO coins. At the time, I had made a little bit more back than I originally paid for the subscription (35$). I canceled the subscription because of F.U.D. (Fear Uncertainty Doubt). This is something I wished I had never done! Fast-forward to around late May, early June of 2021. I checked back in after over a year of uninstalling the app and I find my 35$ had turned into about 1000$. I was a bit aggravated I had not kept my plan, if so I may have easily been looking at $20,000 – $30,000 I missed out on. Don’t be like me, friend! Since I turned off my subscription plan, I missed out on huge money opportunities. I am happy to announce that I have signed back up for their subscription plan and am mining as I write this! Let me explain why (besides the missed money prospect).
Coin (XYO) Updates and Changes, XYO News, XYO Price Prediction
Huge updates I am seeing in the app are what is pushing the price higher than ever. Here are some main points that will continue to make the price soar.
- Huge companies like “Walmart” and “CVS” are advertising on XYO and giving away free XYO (Coins) for simply scanning items they are selling.
- XYO (Coin) Surveys are now active and are paying out handsomely. (This is something I see changing soon, as the price continues to soar, the amount of Coin given will go down)
- Staking and Owning locations can reward nicely throughout the week if planned out correctly.
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An Introduction to NFTs, A Beginners Guide to NFT’s, What is an NFT?
The Non-Fungible Token, or NFT, is a proof of ownership thing. To better understand what I mean, consider a piece of art like the Mona Lisa. Why is it better to own the original as opposed to a copy you can buy at Walmart? The value is in the fact we know it to be the original, unique, and actual Mona Lisa, as opposed to a copy. The Non-Fungible Token allows artists to securely own their piece of work and transfer ownership of that work securely in a tokenized format. This opens up many possible options for artists, musicians, and all sorts of creators. NFT’s allow creators to own their work and to keep track of their pieces as they are sold and traded on a blockchain.
Musicians and Full Digital Music Ownership through NFT’s
If you are a musician with your music up on different platforms, then you might know the frustration that is accompanied by trying to monetize your music on different platforms. Platforms such as Youtube, Spotify, and Soundcloud all take a cut from your profits. If you have asked yourself, “how can I profit from NFT’s” then this a huge way that you can make full profits from your original work. You can put your music on a blockchain and have your fans buy directly from you with no profits taken from other platforms. Your fans will know they have an original copy of your work, and you are able to see who your faithful fans are. Through an NFT creation, you are also able to add unlockable content for your faithful fans whether that unlockable content is a physical good, or digital.
Authors, Making an NFT Book, PDF and Book NFT’s
If you are an author, creating an NFT from your book is a great way to keep all your profits, as opposed to allowing publishers and other platforms to take a cut from your hard work. Through the creation of a Non-Fungible Token, you are able to sell your work to your fans and include unlockable content for anyone who buys from you. As a writer it is important to be able to understand who your fans are so that you are able to continue creating the content that they love. By creating your work as an NFT, you are able to track who bought your book NFT and as already noted, also provide your buyers with additional goodies for being a loyal fan. The beauty of it all, is that because NFT’s are stored on a blockchain, you know that the information regarding your book sales is accurate and the proof of ownership is written on an immutable ledger called a blockchain.
What Blockchain Should I Create an NFT On? NFT Platforms for your Art and Creations
As the world of NFT’s continues to develop, we will be seeing the digitization of many artifacts. Artists, musicians, writers, and a topic not mentioned in this blog, games, will all see an explosion of true ownership NFT’s that will allow gamers to truly own their in-game purchases. With this being said, the next thing to mention is the platforms that currently allow NFT creation. A quick place to create and sell your NFT would be OpenSea. OpenSea allows you to create an account for free and upload your creation and sell it on their marketplace. The only thing is you. must have an Ethereum wallet and there is a gas price for creating your NFT. The Tron blockchain recently released their NFT standard and have partnered with MixMarvel to help creators bring their work to life. Tron blockchain is a platform that aims to decentralize the internet and with zero-fee transactions will allow creating NFT’s to truly become mainstream and accessible to all.
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