DePIN Altcoin Outpaces Crypto Market and Skyrockets by Nearly 44% Following High-Profile Exchange Listing
An altcoin associated with a decentralized physical infrastructure of the network (DEPIN) project went up nearly 44% on Friday after receiving a well -known exchange list.
On Thursday, the South Korean Crypto Exchange giant Bithumb announced It lists Xyo, the native token of the Xyo Network.
The XYO Network aims to process any type of decentralized data.
Explains the project Website,
“Covered with both a network and protocol, XYO can be used for aging, verification, repair, and the use of decentralized data from any hardware node capable
Determining the Xyo prize is decentralized verification, which allows network devices to verify data flowing into network databases by acting as witnesses for one another, boosting the reality of the data received. Simple, accessible organization then allows this data to be used quickly and efficiently. “
Earlier this month, the project announced This will transfer its network to a new layer-1 chain dedicated to depin. To help facilitate that move, the Xyo Network also rolls a new layer-1 native token, XL1, and operate on a dual-token model forward.
The original Xyo token stays in Ethereum (ETH) and acts “as an anchor to adjust the XL1 flow to its native blockchain,” According to the project.
Xyo trades at $ 0.0154 at the time of writing. The 278th rank of crypto asset by market cap was up to 71% last week.
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