xGO price

XGO

Launched in 2022 by GCrypton, a Georgia-based team licensed to conduct cryptocurrency activities, xGO is a unique Web3 cryptocurrency environment combining sports, technology and competition. The platform is built on the XRPL blockchain, known for its speed and efficiency.

xGO is a sports app that transforms a home workout into a powerful competition. It is based on the belief that reliable and fair competition helps improve performance and develop skills in sport. The platform aims to democratise sport by addressing the issues that limit competition. Whether you are an athlete or a coach, xGO makes it easy to connect with other athletes around the world and compete in sport regardless of your location or budget.

The platform solves several problems in the sports industry. Physical and geographical limitations often hinder interaction, competition and improvement in sports. The current monetisation model in sport is limited to prize money and sponsorship, making athletes struggle to recoup their investment in equipment and competition. In addition, existing methods of determining player skill and performance are based on outdated approaches, expensive equipment or simply do not exist.

xGO offers a solution to these problems by introducing a new algorithm that determines a player's skill and performance based on an arbitrage mechanism. This two-step algorithm first determines the human body and its various limb positions, and then a scoring algorithm to measure player skill. The platform allows peer-to-peer competitions to monetise time using cryptocurrencies and NFTs with free market dynamics. Advanced visualisation algorithms adapted to each sport determine the winner, who then receives the winnings and the player's ranking is updated.

The platform offers a number of advantages. Advances in artificial intelligence (AI) have made it possible to use existing algorithms and technology to meet new challenges. Computer vision has enabled accurate detection and positioning of human bodies, including faces and hands. The cameras on our smartphones are equipped with lidar sensors, enabling us to capture more detail than ever before. In the days before COVID-19, remote competitions were not a necessity. The pandemic has only increased the need for people to compete remotely with athletes using digital products.

In the future, xGO plans to collaborate with Internet of Things data service companies to develop the technology further and expand the number of supported sports.