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About XL1 (XL1) Cryptocurrency

What is XL1 (by XYO)?XL1 is the utility token of XYO Layer One, the first scalable data blockchain that brings verifiable information on-chain. XL1 pays gas and transaction fees (with a portion burned by activity), powers smart contracts, dApps, and validator rewards, enables bridging/wrapping to other chains, and incentivizes participation via staking and step-based rewards. The ecosystem is dual-token: XL1 runs the chain; XYO powers the contributor network—rewards, staking, governance, and security. XYO’s DePIN, trustless oracle of 10M+ nodes, plus Proof of Location and Proof of Origin, delivers trusted data for AI, RWA, geospatial intelligence, and location-based gaming.What is XYO?XYO, the first DePIN and trustless oracle, collects and verifies real-world data through a decentralized network of more than 10 million nodes, enabling Web2 and Web3 companies to integrate trusted real world information into their systems and also leveraging its proprietary Proof of Location and Proof of Origin technologies, which power applications in real-world assets (RWA), location-based gaming, geospatial intelligence, and other real-world experiences.What is XYO Layer One?XYO Layer One is a data blockchain built to verify and move verifiable real world information on chain for AI, DePIN, 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.How many XL1 tokens are there?At launch there are 38 billion XL1, with about 5.7 billion initially circulating. 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.What makes the chain different?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.Roadmap and statusXYO Layer One is live. Milestones include wallet releases, bridging, staking, and expanded SDK support. Additional XYO Layer One features will be rolled out over the next months.

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