XYO update for everyone. Specifically on price.
We had a record-setting week in terms of technology (code pushes, velocity) and product sales.
To our XYO Founding HODL’ers, Two Comma Club members and those with us since Token Sale! This is for you…
Next week we’ll be turning our attention to our XYO Founding HODL’ers, you are at the forefront of our mind. Next week we’ll roll out the details to some long-lingering items.
We formed an internal working group yesterday. Our top secret, but not so secret name: Team XET (pronounced “zit”). I’ll keep the members confidential.
Bottom line we’re focused on rolling out the plan regarding the Gamma Stage Tokens and the FHR.
This group is focused on the XYO Token Economy.
The goal is to model the economy in a way that encourages hodling/staking XYO.
It will officially address whether you should keep your XYO in your FHR wallet or not. There was earlier confusion about this, and I myself didn’t even have a final idea on this, but we’ll cover this next week and finally clarify things. In brief, the H in the FHR stands for FHR for a reason: to encourage and incentivize HODL’ing. We’ll discuss this next week.
I think covering this next week will help XYO’s price and token economy. Even though it’s silly to talk price so early as it’s just a voting machine in the short-term, IMO, the price is low now due to low volume and due to uncertainty around these items (Gamma Tokens and FHR).
Will address and outline this upcoming week.
Last, the current XYO Package released Thursday is a one-time package to really jump start our network with geominers via our cryptoeconomic reserve. We never intend to price that XYO that low again. Rather we plan to price it much higher than GAMMA Sale prices and likely follow a natural exponential growth curve of pricing that mirrors a seemingly natural high-growth law (like Moore’s Law) — in which data processing doubles every 18 months. But something tied closer to data growth/the nature of our network.
Our data scientist is helping us deaign this and the first test/details will be unveiled next week.
HODL. We got this! #XYO #FoundingHODL’ers
For the record, both Arie and I have never sold a single XYO. I’ve only bought more. I believe in our community and network. More than ever.