XYO Network has successfully onboarded over 10 million nodes to its decentralized physical infrastructure network (DePIN), as co-founder Markus Levin revealed in an interview. The majority of participants are individual users providing data in exchange for rewards through the mobile app COIN. Levin noted that about 80% of users are non-crypto natives, including truck drivers, rideshare drivers, delivery personnel, and nurses. After onboarding with the COIN app, 95% of new users convert to active participants. XYO launched a layer-1 blockchain earlier this year, collating real-world data from its nodes onto a public ledger. Users earn points for their data contributions, which can be redeemed for the native XYO token or other rewards like Bitcoin or gift cards. The XYO token holds a market capitalization of approximately $180 million. In addition, XYO generates revenue from validating data across various sectors and utilizes part of that income for token buybacks.

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