Early 2021 has kept the company quite busy, so it has been a while since I’ve sent out a company update. This one, in particular, will be long — but also full of some of the most exciting announcements we’ve had in the last year.
So grab a cup of coffee, hunker down, and bear with me.
It is worth it.
We’ll start with average, and end with the extremely fun stuff (in my opinion).
We have changed our company name, hopefully for the last time. It is a minor change, but we feel it is worth doing.
It has been a challenging year for pretty much everyone in the world, and here at XY, we had our fair share of challenges. Usually, my measure of success for a year is by how much we have grown our business.
The way that I have been looking at 2020 however, is a little different. I instead ask whether or not we are better off now as a company than we were a year ago, and whether or not we are better positioned to grow in the future. The answer to this question is a resounding yes!
This company update…
With the advent of blockchain networks like Bitcoin, Ethereum and many others, the need to understand some of the fundamental challenges of network economics becomes much more important. In many cases, simple conclusions have been arrived at for these very complex systems and people have used those conclusions to make important technology and financial decisions.
There are several Fundamental Principles of Network Economics that drive the viability of these networks and are greatly under discussed, or in some cases possibly not discussed at all.
Q2 2020 for XY has been exciting. It’s certainly been an interesting time, not only with physical changes to the work place and team, but also with critical advances and updates in our products and technology.
COIN has been growing substantially, XY looks forward to the release of a new app, XYO has some very exciting things in the works, and more. We are very fortunate and grateful to have been afforded the time necessary to continue building the dream of location data solutions with an amazing team and the support of our community that continues to believe in us.
I started writing this update a few weeks ago, but had to keep restarting it as the world keeps on changing. Fortunately, our main Q1 updates have stayed very positive, but we are also cognizant that a lot of businesses have been and continue to be hit hard by this global situation. Our thoughts go out to the businesses, employees, families, and others negatively affected by COVID-19.
Please remember to continue practicing social distancing, even if you are low-risk or asymptomatic. This will help prevent the spread of the virus to other high-risk or immunocompromised people.
I am excited to announce that with the launch of the XYO Foundation and the growth of COIN, we at XY — The Persistent Company have officially launched our XYO Token Buyback!
The market price for XYO as many have noticed has been on a steady down trend for the last 3 quarters while we have been quietly developing the protocol and applications that use XYO. During this time, we have also grown the COIN App substantially and have seen a lot of excitement around the new COIN Boss self-serve advertising platform.
We feel at this time that the XYO…
On January 31st, 2019, we launched the COIN App to allow users to Geomine the world in search of rewards.
In appreciation for this, we are launching a major feature today, but before I tell you about that, I want to share some high level statistics with you.
500,000+ Users: COIN has gotten many users, with the pace of growth increasing every week.
100+ Countries: COIN is being used all over the world, with users and mining happening everywhere!
1.7 Billion COIN Mined: People have Geomined a lot and have been rewarded for it!
250k+ Big Geomines: Perhaps the most…
A single point is not a trend, but it can be the start of one. My goal is to provide an update every quarter, and make this a trend.
If you are a shareholder, token holder, developer, customer, or someone who finds what we are doing interesting, then this update is for you.
I have broken this announcement down into the subsections described in my previous announcement, specifically XY — The Persistent Company, and COIN, as well as two new developments: The XYO Foundation and COIN Boss.
XY — The Persistent Company serves as the official “umbrella” company for XYO…
As the CEO of XY — The Persistent Company (the company that created XYO and COIN), I am very excited to share some news about internal changes at our company that we have finalized this week.
As we near the delivery of version 3.0 of the XYO Platform, and with the rapid growth of COIN, we are transitioning XY from being a pure technology company to being a product company. This is not to say that development on the XYO Platform is slowing down. …
There is a very active debate in the United States about which bathrooms transgender and other gender non-conformist are allowed to use in schools or other public facilities. So lets frame the argument!
either of the two major forms of individuals that occur in many species and that are distinguished respectively as female or male especially on the basis of their reproductive organs and structures (Merriam-Webster Dictionary)
the behavioral, cultural, or psychological traits typically associated with one sex (Merriam-Webster Dictionary)
I hear these two terms used interchangeably when people discuss the question of gender rights.
Sex is a…