XL1 is a utility token for the XYO first layer network, which serves as the first scalable data blockchain to introduce verifiable information onto the chain. XL1 is used to pay gas fees and transaction fees (some of which will be destroyed through activity mechanisms), drive smart contracts, decentralized applications, and validator rewards, support cross chain bridging/packaging functions, and incentivize participation through staking and tiered reward mechanisms. This ecosystem adopts a dual token mechanism: XL1 drives on chain operation; XYO supports the contributor network, which includes reward mechanisms, pledge governance, and security guarantees. XYO's decentralized oracle network (DePIN) consists of millions of nodes, combined with location proof and source proof technologies, providing trusted data support for artificial intelligence, real-world assets, geospatial intelligence, and location-based games....