XYO Network Launches Dual-Token Phase for Layer 1
XYO Network announced a major protocol upgrade, introducing a dual-token model designed to enhance its Layer 1 blockchain. XYO aims to bolster scalability and infrastructure growth.
The project, led by XYO's team, has consistently communicated via official channels. The transition includes launching XYO as a governance token, while XL1 functions as a utility for fees and contracts.
Staking Surge Predicted with XYO’s Dual-Token System
The immediate effect involves increased staking activity as XYO tokens are locked to mint XL1, pushing for alignment within the network. This move is anticipated to influence DePIN sectors.
Financially, this transition could alter Ethereum market dynamics, with potential impacts on liquidity and staking activities. The dual-token model seeks to support DePIN and AI innovations.
Dual-Token Model Inspired by NEO and VeChain
Historically, similar projects such as NEO and VeChain adopted dual-token approaches. These models have previously enhanced participation and scalability within blockchain networks.
Based on past models, the XYO dual-token system could optimize network performance and boost long-term value by encouraging staking and reducing supply.
"By decoupling governance from transactional utility and designing incentives to drive both performance and security, this next-generation token model lays the foundation for a truly scalable, decentralised infrastructure network that is optimised for the next wave of DePIN innovation" - XYO Official Statement, XYO Network
