Welcome! COIN is an app made for XYO Geomining Kit owners. It enables you to collect digital assets that are dropped (“Geodropped”) at a specific location. You can collect these tokens by pressing the handy pickaxe button, and you’ll reap more rewards when you have a sentinel with you while you travel. (You can buy one here if you haven't already)
Note: You can geomine without having a Sentinel, you just won't collect 12X as much!
This article is a detailed breakdown -- with screenshots -- of exactly what happens when you use the COIN app. If you’re looking for a shorter (and image-free) overview on how to begin geomining, check out our other article, 1-2-3 COIN App!
- Download the app
- Setting Up the App
- Earning Digital Assets
- What just happened?
- How do I withdraw my digital assets?
- Make a COIN Account
- FAQ + Other Questions
Download the app
COIN is a smartphone app, so you can download it on both the iOS App Store, and the Google Play Store on Android!
Download for iOS: https://itunes.apple.com/app/id1450443351
Download for Android: https://play.google.com/store/apps/details?id=network.xyo.coin
Setting Up the App
When you first open COIN, you’ll be asked to allow location services. This is required because COIN relies on your location to let you geomine for digital assets. After allowing access to your location, you'll be reminded to press the button on your Sentinel to emit a fresh signal. Do this so that COIN can detect the Sentinel’s presence and your pickaxe can unlock better rewards.
Note: You can geomine without an account, but if you ever want to withdraw all the digital assets you’ve earned, you’ll need to create an account. You can always make an account later, even if you decide at first to play without one.
Once you’ve finished setting up your COIN App, you’ll see a map on your screen! Now it's time to start earning digital assets.
Make a COIN Account
If you're ready to withdraw your digital assets, want to make an account in preparation, or just want to make sure your digital assets are saved, you'll want to make an account.
Earning Digital Assets
To earn your first digital assets in COIN, just click the pickaxe button at the bottom of your screen. You'll see a blue ring appear around the pickaxe, as you geomine the section (or "quadtile") you're on.
The, you’ll see some XYO Tokens fly into your account! The counter at the top lets you know how many XYO Tokens you’ve earned so far. That’s it!
If you didn't earn XYO Tokens, make sure to check the following:
- Did someone already geomine your quadtile? If the section has already been geomined, it will be shaded on your map. You can still mine this tile, but expect a lower return value than a fresh tile.
- If you saw the blue ring around your pickaxe, or any form of the app functioning slow, be sure to close the app and restart and try to mine the tile once again.
- If you received a popup, stating that today's digital assets have all been geomined, you'll need to wait for the specified time on the popup (e.g. 1 hour 32 minutes) to geomine more digital assets.
You can also check out this article for more reasons why this may have happened.
What just happened?
Congratulations! You’ve just geomined your first block -- or quadtile -- and now you’ve earned some digital assets. For now, you've earn XYO Tokens: an ERC20 CryptoToken.
After you've geomined a quadtile, you'll see the section turn grey on your map. This means the quadtile you just geomined is now empty! It will stay this way for a short time while it replenishes. Don’t want to wait? Travel to other spots to continue geomining.
As you collect digital assets, you'll store them in your COIN account. (Remember you'll need to make an account to eventually withdraw your assets!) You'll also need to make a digital wallet if you'd like to move the digital assets out of COIN!
Withdrawing your digital assets
Once you’ve hit 10,000.00 XYO Tokens, you are eligible to receive these tokens in an actual digital wallet. Here’s the link to show you how.
If you still have questions, feel free to explore the rest of our COIN FAQ. You can also reach the FAQs by clicking the “Need a Hand?” section in the app menu, or contact us here with further questions.