What is Xensor? Xensor (XSR) is a blockchain project released for the development of the IoT infrastructure required for smart cities. cryptocoin.com In this article, we have answered the questions that investors wonder, such as what Xensor is, what it offers, what is XSR coin, what is it for, how to get it. Now let’s examine this project, which serves in the field of Internet of Things (IoT), together.
What is Xensor?
Xensor, an organization that previously developed and manufactured IoT sensor hardware, is a project that aims to provide the IoT infrastructure needed to build smart cities. To do this, the platform uses Blockchain and cryptocurrency technology. Through these technologies, it has decided to adapt it to solve the three main problems of the IoT field. These consist of railway safety, high investment and maintenance costs. The platform is built on the Ethereum network and develops IoT products to solve the aforementioned problems.
The Xensor project automates certain data management points. It also reduces the cost of setting up an IoT communication network. Thus, it improves the efficiency of data storage and operations. In addition, the project incentivizes hardware customers by encrypting data and providing monetary value for the data provided. These aspects play an important role in the structure of the platform’s ecosystem. Overall, the project is working on the integration of IoT, one of the key components of Blockchain, to help create effective and efficient smart cities.
What does Xensor offer?
Xensor’s business model consists of three elements. First, the project provides asset automation services using its sensors. Second, it creates IoT communication networks using gateways. Finally, it establishes a decentralized data marketplace where data collected from the previous two items can be traded. In doing so, it gets support from an extremely fast and low-cost crypto wallet application. It has an ad-free and easy-to-use interface.
What is XSR? What does it do?
XSR is an ERC-20 token that serves as Xensor’s native cryptocurrency. This is used to reward users of the IoT hardware that provides the data. 65% of the original circulating supply is stored in the XSR Token Group for this purpose. However, with the increasing number of Xensor hardware owners, it is possible that the stored tokens will run out quickly. Therefore, the team uses some of its profits to purchase XSR tokens from the market and store them. As a result, XSR coin is a coin released to reward data providers and hardware users.
What is Xensor? How to get XSR?
Xensor is currently a cryptocurrency that can only be traded on the KuCoin exchange. Therefore, investors who want to buy XSR must have access to KuCoin.
