Exciting news for cryptocurrency enthusiasts and investors alike: XYO Network, the blockchain-powered decentralized oracle network, has officially been listed on the popular global cryptocurrency exchange, AscendEX. This addition opens new opportunities for traders to access XYO’s data verification capabilities through its native token, XYO.

XYO/USDT Trading Pair is Live

The XYO token is now available for trading under the pair XYO/USDT, providing liquidity and convenience for users who prefer stablecoin equivalents for their trades. According to the announcement, the trading pair was enabled with deposits starting from December 9, 12:00 UTC, and became fully live for trading shortly after. This move is part of AscendEX's ongoing commitment to listing innovative blockchain projects that drive adoption in both Web2 and Web3 ecosystems.

Understanding XYO’s Potential

XYO (known as the Decentralized Physical Infrastructure Network, or DePIN) is a cutting-edge trustless oracle designed to verify and collect real-world location data. By bridging the gap between physical and digital systems, XYO enables applications to interact with secure and verified location information. This functionality has wide-ranging use cases, from IoT (Internet of Things) applications to logistics, infrastructure monitoring, and beyond.

XYO's approach positions it as a leader in the emerging decentralized data verification space. Their platform ensures reliability while catering to projects utilizing both blockchain technology and traditional Web2 systems. The listing on AscendEX will bolster the reach of the XYO token, expanding its visibility among crypto investors and projects alike.

AscendEX’s Growing Ecosystem

As one of the industry's top exchanges, AscendEX's diverse suite of offerings includes spot trading, margin facilities, and futures trading for over 200 cryptocurrency projects. By adding XYO to their platform, AscendEX underscores its mission to provide users with access to promising blockchain solutions that exhibit strong utility and scalability.

According to data from AscendEX’s official announcement, XYO’s listing is expected to enhance liquidity and attract developers keen on leveraging its unique decentralized oracle technology. Traders and blockchain developers are encouraged to take advantage of the resources AscendEX offers to better understand XYO’s benefits and capabilities.

Why This Matters

The listing of XYO on AscendEX represents a critical step for both the XYO Network and the growing crypto community. It introduces a wider audience to XYO’s potential to revolutionize decentralization in real-world data applications while giving superlative access for trading to a global audience.

Further Resources

To get started with XYO trading, visit AscendEX’s official trading page. You can also read the announcement details for full specifications of the listing.

Keep an eye on this page for further updates as XYO continues to grow its ecosystem and tap into new markets.