XL1 Token

The XL1 Token is a new utility token launched in 2025 by the XYO team as part of the rollout of XYO Layer One, a blockchain designed to support the XYO ecosystem. XL1 serves as the gas token of the XYO Layer One blockchain and plays a critical role in powering transactions, rewarding participants, and enabling decentralized applications across the network.

When Was XL1 Launched?

  • Announced: Early 2025

  • Public Demo: Available through the XL1 Wallet and the XYO Layer One Testnet (codenamed "Sequence")

  • Mainnet Launch: Planned for later in 2025

  • Supply: XL1 will have a TGE during the Genesis Block

The XL1 Token was introduced as part of a broader initiative to improve the scalability, utility, and sovereignty of the XYO ecosystem through a dedicated blockchain infrastructure.

What Does the XL1 Token Do?

XL1 is the core utility token for XYO Layer One and is used to:

  • Pay gas fees for on-chain transactions

  • Power smart contracts and decentralized applications

  • Reward participants inside the blockchain who maintain or contribute to the network

  • Enable low-cost, high-frequency interactions across the ecosystem

XL1 is used as gas on the XYO Layer One blockchain.

  • Transaction fees in XL1 are:

    • Paid by users of the network.

    • Distributed to participating nodes.

    • Partially burned.

    • Partially sent to the XYO treasury.

It is inflationary by design, allowing it to scale with growing activity on the XYO Layer One network.

How Does XL1 Relate to the XYO Token?

While XYO remains the staking and security token of the ecosystem, XL1 is focused on utility and throughput. Together, they form a dual-token model:

  • XYO: Used for staking, governance, and securing the network

  • XL1: Used for gas, smart contracts, and incentivizing participation

This separation allows XYO to maintain long-term value while XL1 handles the dynamic needs of a growing Layer One blockchain.

Who Uses XL1?

  • Developers building on XYO Layer One

  • Users performing transactions or interacting with smart contracts

  • Partners integrating geospatial data and decentralized infrastructure

  • COIN App users exploring the new features enabled by XYO’s blockchain ecosystem

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