# XYO Token

The XYO Token ($XYO) is an ERC-20 token that powers the entire XYO Ecosystem. It is designed to incentivize participation in the XYO Layer One Blockchain through staking and is used throughout XYO products and services, including XYO's mobile node application, "COIN". It is used for data validation, smart contract interactions, rewards, and 3rd-party and/or partner payment for use of the XYO Ecosystem.

### When Was $XYO Launched?

The $XYO Token was launched in 2018.

#### $XYO ERC-20 Contract:

<https://etherscan.io/token/0x55296f69f40ea6d20e478533c15a6b08b654e758>&#x20;

### What Does the $XYO Token Do?

$XYO serves as the fuel for the XYO Network's ecosystem.

### Who Uses $XYO?

* Everyday users of the COIN App who earn $XYO for contributing location data.
* Developers and enterprises leveraging the $XYO Network for trusted location verification.
* Token holders who trade, stake, or hold $XYO for future utility in the expanding ecosystem.

### How to Get $XYO Today

There are two main ways to acquire $XYO: Purchase on an exchange, or earn it through XYO's DePIN app, COIN.

#### 1. Buy $XYO on Exchanges

You can also purchase $XYO on several cryptocurrency exchanges, including:

* [Coinbase](https://www.coinbase.com/price/xyo)
* [KuCoin](https://www.kucoin.com/trade/XYO-USDT)
* [Gate.io](https://www.gate.com/trade/XYO_USDT)
* [Crypto.com](https://crypto.com/price/xyo)
* [Uniswap (DEX)](https://app.uniswap.org/explore/tokens/ethereum/0x55296f69f40ea6d20e478533c15a6b08b654e758)

*Always check exchange availability based on your region.*

#### 2. Earn $XYO in the COIN App

* [Download the COIN App](https://xyo.network/coin) (iOS/Android)
* Start completing tasks to earn $COIN
* Redeem your $COIN for $XYO once you reach a reward threshold

### Looking Ahead

$XYO is now evolving with the introduction of XYO Layer One, a dedicated blockchain infrastructure designed to unify the XYO ecosystem. This evolution will increase the token’s utility across staking, network security, and governance.


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