XL1 price

XL1

XYO Layer One is a data-focused blockchain built to verify and move verifiable real world information on chain for AI, DePIN, AI, RWA, Gaming and other applications. It uses a dual token design where XYO powers the contributors ecosystem, rewards, staking, governance and security, and XL1 is the gas and transaction token that runs the XYO Layer One blockchain.

XL1 is the native utility token used for Paying gas and transaction fees for all on chain activity. Activity burns a portion of fees. Powering smart contracts, dApps, and validator rewards on XYO Layer One. Incentivizing participation through staking and step based rewards inside the protocol. Bridging and wrapping for access on other chains.

XYO tools include XL1 Wallet to hold and use XL1 with XYO Layer One. Explorer endpoints for testnet and mainnet. SDKs and APIs across mobile and server languages to plug real world data into apps. Public docs and a tokenomics guide that explain the dual token model and system overall.

At TGE there are 38 billion XL1, with about 7 billion initially circulating, subject to the final listing day snapshot. Long term inflation is around 0.7% per year after the early emission era, and base fee burns plus slashing can offset issuance over time.

Illustrative allocation and unlocks place the majority toward network emissions for node operators, with team and investor tokens on delayed cliffs and long vesting.

Proof of Origin and Proof of Location let devices attest to proximity and data lineage, so apps can trust where data came from and how it changed before it reaches a contract. These proofs are created at the edge with bound witness, then anchored on chain for integrity.

The architecture is built for high volume data. Step hashing and bound witness trees help compress and verify large flows, while the chain keeps a single shared ledger that supports parallelized work across apps.