What is GEODNET? All You Need to Know About GEOD
GEODNET is a geospatial network providing real-time, high-precision positioning data for IoT, autonomous systems, and global applications.
Over the past two decades, global navigation satellite system (GNSS) receivers have been vital for real-time data collection, powering industrial and scientific advancements. Despite their importance, existing GNSS networks lack global accessibility, density, and cryptographic security, leaving applications vulnerable to signal jamming and spoofing. Traditional centralized networks struggle with limited coverage, especially in underdeveloped regions, and volunteer models often lack scalability and stability. A decentralized solution is crucial. GEODNET (GEOD) aims to address these challenges with a blockchain-based, token-incentivized network for secure and robust GNSS data.
What is GEODNET (GEOD)?
GEODNET’s journey began with its foundation as a non-profit organization in Singapore, spearheaded by experienced navigation, blockchain, and geodesy professionals. The initiative, led by Mike Horton, a seasoned executive with over 20 years in the navigation industry, aims to deploy the world’s largest real-time kinematic (RTK) network. David Chen, a blockchain pioneer, and Yudan Yi, a top geodesy expert, further solidified the project’s leadership.
In January 2022, the GEODNET testnet launched, marking the initial token distribution and operational framework, with 100 miners participating. By June 2022, the mainnet was introduced, accompanied by creating GeoDAO, issuance of smart contracts, and token rewards. This phase also saw private tests of GEODNET data products, expanding the network to 500 miners.
February 2023 marked a significant milestone with the launch of GEODNET’s public service provider platform, making its data products widely accessible. At this stage, the network had grown to include 2,500 miners. By January 2024, Mainnet 2 was operational, enabling broader functionality and expanding the network to 30,000 active stations.
The network’s ambitious roadmap culminates in 2025 with the introduction of global RTK services. This milestone establishes GEODNET as the world’s largest single RTK network, boasting over 100,000 stations. Backed by investors such as VanEck, Pantera, and CoinFund, GEODNET combines blockchain technology with decentralized infrastructure to redefine geospatial services, emphasizing accessibility and precision. Its rapid growth highlights the project’s commitment to creating a robust, secure, and scalable GNSS reference network.
How Does GEODNET Work? Architecture and Network
The architecture of GEODNET is an innovative integration of blockchain technology and decentralized principles designed to build a robust global geospatial network. The network consists of multiple physical and virtual nodes that interact with a distributed ledger, ensuring transparency, scalability, and resilience against single points of failure. These nodes, categorized as miners, validators, and service nodes, collectively maintain and operate the GEODNET system, ensuring seamless data processing and distribution.
Miners are physical GNSS reference stations with high-precision hardware, including calibrated triple-band GNSS antennas and cryptographic key storage. These miners generate geospatial data authenticated through certification and encryption, then transferred to the blockchain. Validator nodes play a critical role in verifying the data quality, checking its consistency with nearby nodes, and detecting spoofing attempts. This ensures that the network only incorporates genuine and high-quality GNSS observations. Service nodes act as intermediaries, transforming miner-generated data into usable products for external applications, accessible through established protocols like NTRIP.
Source: geodnet whitepaper
Unlike traditional mining methods that rely on energy-intensive Proof of Work (PoW), GEODNET uses a Proof of Stake (PoS) consensus mechanism to validate blockchain transactions. This energy-efficient approach ensures the network’s sustainability while maintaining its security and robustness. The Proof of Location (PoL) and Proof of Accuracy (PoA) protocols further enhance the system’s reliability by validating data integrity and rewarding miners based on their contributions. Together, these protocols form a multi-layered defense against fraudulent activities, ensuring the authenticity of the network’s data.
GEODNET incentivizes participation through GEOD tokens, awarded to nodes based on their role and performance within the network. Miners earn tokens for generating accurate and reliable GNSS data, while validators and service nodes are compensated for their contributions to maintaining the network’s integrity. These tokens can be traded on decentralized exchanges or redeemed for network services, creating a self-sustaining economic model.
Affordable yet high-quality GNSS miner hardware allows the network to rapidly scale by making it accessible to a wide range of participants. This decentralized approach ensures the network grows organically, with minimal reliance on centralized investment. Additionally, the modular architecture supports the integration of auxiliary sensing modalities, such as meteorological sensors, lidar units, and radiofrequency spectrum measurement devices, enhancing the network’s functionality and versatility.
The combination of blockchain technology, decentralized consensus, and GNSS hardware positions GEODNET as a pioneering solution in geospatial data services. By addressing the limitations of traditional GNSS networks, such as their high costs and centralized control, GEODNET aims to provide a global, accessible, and secure infrastructure for location-aware applications. This architecture supports the current need for precise geolocation services and fosters innovation in space weather monitoring, autonomous systems, and other emerging fields.
Network
The GEODNET network is a sophisticated integration of space weather miners, validator nodes, and service provider nodes, all working together to form a decentralized, blockchain-based ecosystem for geospatial data. Each component plays a unique role in ensuring the network’s security, efficiency, and scalability. Miners generate and transmit GNSS data, validators ensure the authenticity of these contributions, and service providers deliver processed data to end-users. This layered architecture allows GEODNET to operate seamlessly, providing a reliable, decentralized alternative to traditional geospatial networks.
Validator nodes are integral to the GEODNET blockchain, employing a Proof of Stake (PoS) consensus protocol to validate transactions and maintain the ledger. Validators stake GEOD tokens as collateral, ensuring they are economically invested in the network’s integrity. The consensus process employs the Boneh–Lynn–Shacham (BLS) signature verification algorithm to provide Byzantine fault tolerance, allowing distributed nodes to agree on block generation with speed and accuracy. Misbehaving validators risk losing their staked tokens, reinforcing the system’s economic security. This setup is both open and permissionless, allowing any GEOD token holder to become a validator and contribute to the network’s decentralization.
Source: geodnet whitepaper
Service provider nodes form the user-facing layer of the network. These nodes run a GeoDAO-developed software stack, initially centralized but moving towards decentralization. Service providers interface with miners and external users, transforming raw GNSS data into actionable products such as RINEX files, RTK corrections, and ionospheric data for precise positioning applications. This ensures that end-users, including businesses and researchers, can integrate GEODNET’s services into their operations without deep knowledge of the network’s inner workings.
The network’s innovative consensus protocol merges features of both PoW and PoS by incorporating geospatial data as an external resource. GEODNET uses geospatial data verified through Proof of Location (PoL) and Proof of Accuracy (PoA). These protocols ensure that GNSS data is genuine, accurate, and resistant to manipulation. The reliance on Earth’s limited surface as a resource adds a unique layer of security and value to the network, making it inherently robust and decentralized.
GEOD Mining
GEOD mining is a decentralized process that enables individuals to contribute to the GEODNET network by hosting Base Stations, geodetic-grade GNSS antennas, to collect and share critical geospatial data. These Base Stations act as nodes, receiving signals from Global Navigation Satellite Systems (GNSS) and providing precise RTK correction data to Rover devices within a 20-40 km range. Rovers, which include drones, vehicles, and smartphones, utilize this data to correct satellite errors, enhancing the accuracy of navigation and positioning systems. This foundational infrastructure supports applications in autonomous navigation, agriculture, and more.
Users must purchase a certified Base Station from approved vendors like HYFIX.AI or TechnostoreX to begin mining. After acquiring the hardware, the station is installed in a location with a clear, unobstructed sky view to ensure optimal GNSS signal quality. The Base Station connects to the internet and transmits approximately 10-20 GB of data monthly to GEODNET’s cloud platform. The decentralized system rewards miners with GEOD tokens for their contributions, incentivizing the expansion of the network and ensuring robust global coverage.
Source: docs.geodnet.com
The mining process relies on hexagonal mapping, dividing the Earth’s surface into precise coverage regions called “Hexes.” These Hexes enable the network to optimize station placement and maximize data accuracy. GEODNET monitors signal quality and rewards tokens proportionally to maintain data integrity, emphasizing the importance of proper site selection. By adhering to installation guidelines, such as avoiding obstructions and maintaining stable power and internet, miners contribute high-quality geospatial data, strengthening the GEODNET ecosystem.
GEODNET Use Cases
By combining high-precision geolocation data with a secure, decentralized framework, GEODNET unlocks new possibilities across multiple industries. Here are four key use cases demonstrating the network’s impact:
- Autonomous Navigation: GEODNET provides the high-accuracy RTK correction data required for autonomous vehicles, drones, and robotics. The network ensures precise location tracking and navigation, reducing reliance on traditional, error-prone systems and enabling safer and more efficient operation.
- Agriculture and Land Management: With geospatial precision, GEODNET supports smart farming techniques, including automated machinery guidance, crop monitoring, and land surveying. This enhances resource efficiency, reduces costs, and supports sustainable agricultural practices.
- Space Weather Monitoring: GEODNET’s infrastructure is ideal for monitoring space weather conditions, including solar storms and ionospheric disturbances. GEODNET provides critical insights for industries reliant on satellite communications and GNSS systems by collecting data from its decentralized GNSS reference stations.
- Smart Cities and Infrastructure: GEODNET supports the development of smart cities by providing precise geospatial data for urban planning, infrastructure monitoring, and real-time traffic management. The decentralized network ensures scalability and resilience, even in densely populated areas.
GEODNET Main Features
GEODNET aims to transform geospatial technology through innovative features that combine blockchain, GNSS, and decentralized principles. Its core functionalities include cutting-edge Real-Time Kinematics (RTK), Location NFTs, an interactive GEOD Console, and cross-chain capabilities that enhance accessibility and usability across platforms.
Real-Time Kinematics (RTK)
GEODNET employs RTK technology to achieve centimeter-level geolocation precision in real-time, a critical advancement for high accuracy applications. RTK eliminates GNSS signal errors caused by ionosphere interference, orbit discrepancies, and clock issues, ensuring reliable performance. The network’s global RTK coverage, supported by backup base stations, offers enhanced uptime and scalability. This infrastructure minimizes the need for substantial investments while delivering transparent and cost-effective solutions. GEODNET empowers users by providing detailed access to its console network, allowing real-time tracking of active miners and performance data. Integrating RTK with GNSS constellations like GPS, Galileo, and BeiDou guarantees a robust, global geolocation service.
Source:geodnet.com
Location NFTs
GEODNET’s Location NFTs incentivize geographically balanced deployment of its Base Stations. Each NFT, an ERC-20 token issued on Polygon, ensures unique coverage within a hexagonal region. Base Stations must meet stringent requirements, such as high data reliability (98% RRR over 30 days), to qualify. These NFTs safeguard reward rates by preventing hex reward dilution and enable trading on platforms like OpenSea. The mechanism addresses the challenge of uneven network distribution, fostering widespread adoption and scalability. If a Base Station becomes inactive, the NFT can be re-bound or repurposed, maintaining flexibility and adaptability for network participants.
GEOD Console
The GEOD Console provides an intuitive platform for managing Base Stations and rewards. Advanced features allow Users to register Base Stations, link wallets, and monitor token earnings. The console supports solo and revenue-sharing miners, offering detailed configuration to manage profits. The integration of tools like RINEX file generation and RTK corrections enhances functionality. The Console ensures transparency and fosters engagement among GEODNET participants by visualizing the global Base Station network. This robust platform is essential for both network management and ecosystem growth.
Source: console.geodnet.com
Cross-Chain Capabilities
GEODNET’s cross-chain functionality connects Polygon and Solana, allowing seamless token transfers between networks. Users can bridge GEOD tokens securely, involving connected wallets and minimal processing time. By leveraging cross-chain capabilities, GEODNET expands accessibility, ensuring compatibility with diverse blockchain ecosystems. This approach reduces risks, supports liquidity, and empowers users with greater flexibility in managing their tokens.
Source: docs.geodnet.com
GEODNET Governance
GEODNET operates as a decentralized, community-driven network, enabling participants to propose and vote on initiatives critical to its growth. Governance is powered by Voting NFTs (veNFTs), derived from staked or locked GEOD tokens and Location NFTs, with proposals requiring a 67% or 90% majority for approval. Users connect their MetaMask wallets to engage in governance and access the GEODNET Console. Past proposals have addressed mobile app adoption and cross-chain integration, reflecting the network’s focus on innovation. This transparent and inclusive model ensures that GEODNET evolves in alignment with its community’s priorities, fostering collaboration and sustainable development.
Source: vote.geodnet.com
GEODNET Products
GEODNET offers products that redefine precision and accessibility in GNSS-based services. From advanced Satellite Miners to global RTK services and raw GNSS data solutions, GEODNET enables innovative applications across industries.
Satellite Miners
Satellite Miners form the backbone of GEODNET, serving as GNSS reference stations that provide precise RTK correction data to connected devices, or “Rovers,” within a 20-40 kilometer range. Rovers, including drones, mobile phones, and tractors, use this data to correct space weather, navigation, and satellite errors. Each miner uploads 10-20 GB of data monthly. Setting up is simple: purchase, install, and connect to earn GEOD tokens effortlessly while supporting innovative geospatial applications worldwide.
Source: geodnet.com
RTK Service
GEODNET’s RTK service leverages a vast network of triple-frequency GNSS stations to deliver centimeter-accurate positioning. Equipped with geodetic-grade antennas calibrated by the U.S. National Geodetic Survey, stations adhere to RTCM3.2 and NTRIP protocols, ensuring compatibility with thousands of GNSS receivers globally. Commercial services are accessible through partners offering wholesale or revenue-sharing models. GEODNET’s robust RTK infrastructure guarantees reliability, precision, and scalability for diverse applications, including agriculture, autonomous navigation, and geospatial research.
Raw GNSS Data
GEODNET’s global backbone network supplies high-quality GNSS data to top precision GNSS organizations, supporting innovation in orbit, clock, and ionospheric modeling. Each station has Hemisphere P40 GNSS receivers, cellular connectivity, reliable wired internet, and battery backup. Collaborations with entities like NRCAN integrate advanced positioning services into the network seamlessly. This raw data empowers research, commercial advancements, and emerging technologies by providing real-world insights unattainable through simulations, fostering global precision and reliability.
What is the GEOD Coin?
The GEOD Coin powers GEODNET, rewarding GNSS data miners for decentralized geospatial services. Its total supply counts 1 billion units, of which 198.17 million are already in circulation (January 2025).
GEOD tokens are distributed across mining (35%), team (25%), investors (25%), ecosystem development (10%), vendor/marketing (3%), and public sale (2%). Mined tokens are unlocked and distributed daily, while team and investor allocations follow a multi-year vesting schedule.
Source: geodnet.com
Earning GEOD tokens primarily involves mining through GNSS Base Stations, with rewards halving annually to incentivize early participation. The initial base reward rate was 2 GEOD/hour, equating to up to 48 GEOD/day for triple-band stations, with annual reductions aligning with the halving schedule. Actual rewards depend on network-specific metrics like Hex Reward Rules and SuperHex multipliers, which can amplify rewards by up to 4x in designated high-value regions.
GEOD tokens serve multiple purposes: incentivizing miners, covering fees for accessing GEODNET data streams, and enabling governance participation. The multi-chain functionality enhances token accessibility, with GEOD tokens available on Polygon as ERC-20 tokens, on Solana via the Wormhole NTT framework, and on IoTex.
The GEODNET Foundation introduced SuperHex programs to foster network expansion, encouraging community staking in targeted regions for additional rewards. The first mining station deployed in an active SuperHex benefits from multiplied incentives, supporting efficient and strategic network growth. GEOD tokens thus drive the GEODNET ecosystem, ensuring sustainability and scalability in the decentralized geospatial industry.
Is GEOD a Good Investment?
GEODNET’s innovative approach to decentralized geospatial data services is a notable strength, leveraging blockchain technology and GNSS networks to provide highly accurate real-time data. Its tokenomics, with annual halving and incentives like SuperHex rewards, encourage early participation and strategic network growth, highlighting its long-term potential.
However, several risks could impact the network’s success. The reliance on consistent data quality from global miners presents a potential challenge; poor-quality installations, insufficient hardware standards, or inconsistent participation could undermine the reliability of the data and the system’s growth. Additionally, the network’s scalability might face hurdles as it expands, particularly in regions with limited technological infrastructure or unreliable GNSS coverage. Regulatory uncertainties in different jurisdictions and potential competition from centralized solutions or other blockchain-based networks could also impact GEODNET’s adoption and user base.
How to Own GEOD?
To own GEOD, you can use the services of a centralized crypto exchange. Start by creating a Gate.io account and get it verified and funded. Then, you are ready to go through the steps to buy GEOD.
News on GEODNET
On 31 December 2024, GEODNET’s official X channel celebrated a remarkable year, highlighting their journey from zero to over 12,000 network stations and an impressive 455% year-on-year revenue growth in just two years. The announcement reflected milestones in network coverage, community growth, and key partnerships, including collaborations with the USDA, a mention in the US Congress, and showcasing at Token2049 Singapore. GEODNET continues transforming industries by delivering affordable RTK solutions, advancing robotic navigation, and championing digital sovereignty through DePIN. The team expressed gratitude for the community’s unwavering support.
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Take Action on GEOD
GEODNET is a geospatial network providing real-time, high-precision positioning data for IoT, autonomous systems, and global applications.
Over the past two decades, global navigation satellite system (GNSS) receivers have been vital for real-time data collection, powering industrial and scientific advancements. Despite their importance, existing GNSS networks lack global accessibility, density, and cryptographic security, leaving applications vulnerable to signal jamming and spoofing. Traditional centralized networks struggle with limited coverage, especially in underdeveloped regions, and volunteer models often lack scalability and stability. A decentralized solution is crucial. GEODNET (GEOD) aims to address these challenges with a blockchain-based, token-incentivized network for secure and robust GNSS data.
What is GEODNET (GEOD)?
GEODNET’s journey began with its foundation as a non-profit organization in Singapore, spearheaded by experienced navigation, blockchain, and geodesy professionals. The initiative, led by Mike Horton, a seasoned executive with over 20 years in the navigation industry, aims to deploy the world’s largest real-time kinematic (RTK) network. David Chen, a blockchain pioneer, and Yudan Yi, a top geodesy expert, further solidified the project’s leadership.
In January 2022, the GEODNET testnet launched, marking the initial token distribution and operational framework, with 100 miners participating. By June 2022, the mainnet was introduced, accompanied by creating GeoDAO, issuance of smart contracts, and token rewards. This phase also saw private tests of GEODNET data products, expanding the network to 500 miners.
February 2023 marked a significant milestone with the launch of GEODNET’s public service provider platform, making its data products widely accessible. At this stage, the network had grown to include 2,500 miners. By January 2024, Mainnet 2 was operational, enabling broader functionality and expanding the network to 30,000 active stations.
The network’s ambitious roadmap culminates in 2025 with the introduction of global RTK services. This milestone establishes GEODNET as the world’s largest single RTK network, boasting over 100,000 stations. Backed by investors such as VanEck, Pantera, and CoinFund, GEODNET combines blockchain technology with decentralized infrastructure to redefine geospatial services, emphasizing accessibility and precision. Its rapid growth highlights the project’s commitment to creating a robust, secure, and scalable GNSS reference network.
How Does GEODNET Work? Architecture and Network
The architecture of GEODNET is an innovative integration of blockchain technology and decentralized principles designed to build a robust global geospatial network. The network consists of multiple physical and virtual nodes that interact with a distributed ledger, ensuring transparency, scalability, and resilience against single points of failure. These nodes, categorized as miners, validators, and service nodes, collectively maintain and operate the GEODNET system, ensuring seamless data processing and distribution.
Miners are physical GNSS reference stations with high-precision hardware, including calibrated triple-band GNSS antennas and cryptographic key storage. These miners generate geospatial data authenticated through certification and encryption, then transferred to the blockchain. Validator nodes play a critical role in verifying the data quality, checking its consistency with nearby nodes, and detecting spoofing attempts. This ensures that the network only incorporates genuine and high-quality GNSS observations. Service nodes act as intermediaries, transforming miner-generated data into usable products for external applications, accessible through established protocols like NTRIP.
Source: geodnet whitepaper
Unlike traditional mining methods that rely on energy-intensive Proof of Work (PoW), GEODNET uses a Proof of Stake (PoS) consensus mechanism to validate blockchain transactions. This energy-efficient approach ensures the network’s sustainability while maintaining its security and robustness. The Proof of Location (PoL) and Proof of Accuracy (PoA) protocols further enhance the system’s reliability by validating data integrity and rewarding miners based on their contributions. Together, these protocols form a multi-layered defense against fraudulent activities, ensuring the authenticity of the network’s data.
GEODNET incentivizes participation through GEOD tokens, awarded to nodes based on their role and performance within the network. Miners earn tokens for generating accurate and reliable GNSS data, while validators and service nodes are compensated for their contributions to maintaining the network’s integrity. These tokens can be traded on decentralized exchanges or redeemed for network services, creating a self-sustaining economic model.
Affordable yet high-quality GNSS miner hardware allows the network to rapidly scale by making it accessible to a wide range of participants. This decentralized approach ensures the network grows organically, with minimal reliance on centralized investment. Additionally, the modular architecture supports the integration of auxiliary sensing modalities, such as meteorological sensors, lidar units, and radiofrequency spectrum measurement devices, enhancing the network’s functionality and versatility.
The combination of blockchain technology, decentralized consensus, and GNSS hardware positions GEODNET as a pioneering solution in geospatial data services. By addressing the limitations of traditional GNSS networks, such as their high costs and centralized control, GEODNET aims to provide a global, accessible, and secure infrastructure for location-aware applications. This architecture supports the current need for precise geolocation services and fosters innovation in space weather monitoring, autonomous systems, and other emerging fields.
Network
The GEODNET network is a sophisticated integration of space weather miners, validator nodes, and service provider nodes, all working together to form a decentralized, blockchain-based ecosystem for geospatial data. Each component plays a unique role in ensuring the network’s security, efficiency, and scalability. Miners generate and transmit GNSS data, validators ensure the authenticity of these contributions, and service providers deliver processed data to end-users. This layered architecture allows GEODNET to operate seamlessly, providing a reliable, decentralized alternative to traditional geospatial networks.
Validator nodes are integral to the GEODNET blockchain, employing a Proof of Stake (PoS) consensus protocol to validate transactions and maintain the ledger. Validators stake GEOD tokens as collateral, ensuring they are economically invested in the network’s integrity. The consensus process employs the Boneh–Lynn–Shacham (BLS) signature verification algorithm to provide Byzantine fault tolerance, allowing distributed nodes to agree on block generation with speed and accuracy. Misbehaving validators risk losing their staked tokens, reinforcing the system’s economic security. This setup is both open and permissionless, allowing any GEOD token holder to become a validator and contribute to the network’s decentralization.
Source: geodnet whitepaper
Service provider nodes form the user-facing layer of the network. These nodes run a GeoDAO-developed software stack, initially centralized but moving towards decentralization. Service providers interface with miners and external users, transforming raw GNSS data into actionable products such as RINEX files, RTK corrections, and ionospheric data for precise positioning applications. This ensures that end-users, including businesses and researchers, can integrate GEODNET’s services into their operations without deep knowledge of the network’s inner workings.
The network’s innovative consensus protocol merges features of both PoW and PoS by incorporating geospatial data as an external resource. GEODNET uses geospatial data verified through Proof of Location (PoL) and Proof of Accuracy (PoA). These protocols ensure that GNSS data is genuine, accurate, and resistant to manipulation. The reliance on Earth’s limited surface as a resource adds a unique layer of security and value to the network, making it inherently robust and decentralized.
GEOD Mining
GEOD mining is a decentralized process that enables individuals to contribute to the GEODNET network by hosting Base Stations, geodetic-grade GNSS antennas, to collect and share critical geospatial data. These Base Stations act as nodes, receiving signals from Global Navigation Satellite Systems (GNSS) and providing precise RTK correction data to Rover devices within a 20-40 km range. Rovers, which include drones, vehicles, and smartphones, utilize this data to correct satellite errors, enhancing the accuracy of navigation and positioning systems. This foundational infrastructure supports applications in autonomous navigation, agriculture, and more.
Users must purchase a certified Base Station from approved vendors like HYFIX.AI or TechnostoreX to begin mining. After acquiring the hardware, the station is installed in a location with a clear, unobstructed sky view to ensure optimal GNSS signal quality. The Base Station connects to the internet and transmits approximately 10-20 GB of data monthly to GEODNET’s cloud platform. The decentralized system rewards miners with GEOD tokens for their contributions, incentivizing the expansion of the network and ensuring robust global coverage.
Source: docs.geodnet.com
The mining process relies on hexagonal mapping, dividing the Earth’s surface into precise coverage regions called “Hexes.” These Hexes enable the network to optimize station placement and maximize data accuracy. GEODNET monitors signal quality and rewards tokens proportionally to maintain data integrity, emphasizing the importance of proper site selection. By adhering to installation guidelines, such as avoiding obstructions and maintaining stable power and internet, miners contribute high-quality geospatial data, strengthening the GEODNET ecosystem.
GEODNET Use Cases
By combining high-precision geolocation data with a secure, decentralized framework, GEODNET unlocks new possibilities across multiple industries. Here are four key use cases demonstrating the network’s impact:
- Autonomous Navigation: GEODNET provides the high-accuracy RTK correction data required for autonomous vehicles, drones, and robotics. The network ensures precise location tracking and navigation, reducing reliance on traditional, error-prone systems and enabling safer and more efficient operation.
- Agriculture and Land Management: With geospatial precision, GEODNET supports smart farming techniques, including automated machinery guidance, crop monitoring, and land surveying. This enhances resource efficiency, reduces costs, and supports sustainable agricultural practices.
- Space Weather Monitoring: GEODNET’s infrastructure is ideal for monitoring space weather conditions, including solar storms and ionospheric disturbances. GEODNET provides critical insights for industries reliant on satellite communications and GNSS systems by collecting data from its decentralized GNSS reference stations.
- Smart Cities and Infrastructure: GEODNET supports the development of smart cities by providing precise geospatial data for urban planning, infrastructure monitoring, and real-time traffic management. The decentralized network ensures scalability and resilience, even in densely populated areas.
GEODNET Main Features
GEODNET aims to transform geospatial technology through innovative features that combine blockchain, GNSS, and decentralized principles. Its core functionalities include cutting-edge Real-Time Kinematics (RTK), Location NFTs, an interactive GEOD Console, and cross-chain capabilities that enhance accessibility and usability across platforms.
Real-Time Kinematics (RTK)
GEODNET employs RTK technology to achieve centimeter-level geolocation precision in real-time, a critical advancement for high accuracy applications. RTK eliminates GNSS signal errors caused by ionosphere interference, orbit discrepancies, and clock issues, ensuring reliable performance. The network’s global RTK coverage, supported by backup base stations, offers enhanced uptime and scalability. This infrastructure minimizes the need for substantial investments while delivering transparent and cost-effective solutions. GEODNET empowers users by providing detailed access to its console network, allowing real-time tracking of active miners and performance data. Integrating RTK with GNSS constellations like GPS, Galileo, and BeiDou guarantees a robust, global geolocation service.
Source:geodnet.com
Location NFTs
GEODNET’s Location NFTs incentivize geographically balanced deployment of its Base Stations. Each NFT, an ERC-20 token issued on Polygon, ensures unique coverage within a hexagonal region. Base Stations must meet stringent requirements, such as high data reliability (98% RRR over 30 days), to qualify. These NFTs safeguard reward rates by preventing hex reward dilution and enable trading on platforms like OpenSea. The mechanism addresses the challenge of uneven network distribution, fostering widespread adoption and scalability. If a Base Station becomes inactive, the NFT can be re-bound or repurposed, maintaining flexibility and adaptability for network participants.
GEOD Console
The GEOD Console provides an intuitive platform for managing Base Stations and rewards. Advanced features allow Users to register Base Stations, link wallets, and monitor token earnings. The console supports solo and revenue-sharing miners, offering detailed configuration to manage profits. The integration of tools like RINEX file generation and RTK corrections enhances functionality. The Console ensures transparency and fosters engagement among GEODNET participants by visualizing the global Base Station network. This robust platform is essential for both network management and ecosystem growth.
Source: console.geodnet.com
Cross-Chain Capabilities
GEODNET’s cross-chain functionality connects Polygon and Solana, allowing seamless token transfers between networks. Users can bridge GEOD tokens securely, involving connected wallets and minimal processing time. By leveraging cross-chain capabilities, GEODNET expands accessibility, ensuring compatibility with diverse blockchain ecosystems. This approach reduces risks, supports liquidity, and empowers users with greater flexibility in managing their tokens.
Source: docs.geodnet.com
GEODNET Governance
GEODNET operates as a decentralized, community-driven network, enabling participants to propose and vote on initiatives critical to its growth. Governance is powered by Voting NFTs (veNFTs), derived from staked or locked GEOD tokens and Location NFTs, with proposals requiring a 67% or 90% majority for approval. Users connect their MetaMask wallets to engage in governance and access the GEODNET Console. Past proposals have addressed mobile app adoption and cross-chain integration, reflecting the network’s focus on innovation. This transparent and inclusive model ensures that GEODNET evolves in alignment with its community’s priorities, fostering collaboration and sustainable development.
Source: vote.geodnet.com
GEODNET Products
GEODNET offers products that redefine precision and accessibility in GNSS-based services. From advanced Satellite Miners to global RTK services and raw GNSS data solutions, GEODNET enables innovative applications across industries.
Satellite Miners
Satellite Miners form the backbone of GEODNET, serving as GNSS reference stations that provide precise RTK correction data to connected devices, or “Rovers,” within a 20-40 kilometer range. Rovers, including drones, mobile phones, and tractors, use this data to correct space weather, navigation, and satellite errors. Each miner uploads 10-20 GB of data monthly. Setting up is simple: purchase, install, and connect to earn GEOD tokens effortlessly while supporting innovative geospatial applications worldwide.
Source: geodnet.com
RTK Service
GEODNET’s RTK service leverages a vast network of triple-frequency GNSS stations to deliver centimeter-accurate positioning. Equipped with geodetic-grade antennas calibrated by the U.S. National Geodetic Survey, stations adhere to RTCM3.2 and NTRIP protocols, ensuring compatibility with thousands of GNSS receivers globally. Commercial services are accessible through partners offering wholesale or revenue-sharing models. GEODNET’s robust RTK infrastructure guarantees reliability, precision, and scalability for diverse applications, including agriculture, autonomous navigation, and geospatial research.
Raw GNSS Data
GEODNET’s global backbone network supplies high-quality GNSS data to top precision GNSS organizations, supporting innovation in orbit, clock, and ionospheric modeling. Each station has Hemisphere P40 GNSS receivers, cellular connectivity, reliable wired internet, and battery backup. Collaborations with entities like NRCAN integrate advanced positioning services into the network seamlessly. This raw data empowers research, commercial advancements, and emerging technologies by providing real-world insights unattainable through simulations, fostering global precision and reliability.
What is the GEOD Coin?
The GEOD Coin powers GEODNET, rewarding GNSS data miners for decentralized geospatial services. Its total supply counts 1 billion units, of which 198.17 million are already in circulation (January 2025).
GEOD tokens are distributed across mining (35%), team (25%), investors (25%), ecosystem development (10%), vendor/marketing (3%), and public sale (2%). Mined tokens are unlocked and distributed daily, while team and investor allocations follow a multi-year vesting schedule.
Source: geodnet.com
Earning GEOD tokens primarily involves mining through GNSS Base Stations, with rewards halving annually to incentivize early participation. The initial base reward rate was 2 GEOD/hour, equating to up to 48 GEOD/day for triple-band stations, with annual reductions aligning with the halving schedule. Actual rewards depend on network-specific metrics like Hex Reward Rules and SuperHex multipliers, which can amplify rewards by up to 4x in designated high-value regions.
GEOD tokens serve multiple purposes: incentivizing miners, covering fees for accessing GEODNET data streams, and enabling governance participation. The multi-chain functionality enhances token accessibility, with GEOD tokens available on Polygon as ERC-20 tokens, on Solana via the Wormhole NTT framework, and on IoTex.
The GEODNET Foundation introduced SuperHex programs to foster network expansion, encouraging community staking in targeted regions for additional rewards. The first mining station deployed in an active SuperHex benefits from multiplied incentives, supporting efficient and strategic network growth. GEOD tokens thus drive the GEODNET ecosystem, ensuring sustainability and scalability in the decentralized geospatial industry.
Is GEOD a Good Investment?
GEODNET’s innovative approach to decentralized geospatial data services is a notable strength, leveraging blockchain technology and GNSS networks to provide highly accurate real-time data. Its tokenomics, with annual halving and incentives like SuperHex rewards, encourage early participation and strategic network growth, highlighting its long-term potential.
However, several risks could impact the network’s success. The reliance on consistent data quality from global miners presents a potential challenge; poor-quality installations, insufficient hardware standards, or inconsistent participation could undermine the reliability of the data and the system’s growth. Additionally, the network’s scalability might face hurdles as it expands, particularly in regions with limited technological infrastructure or unreliable GNSS coverage. Regulatory uncertainties in different jurisdictions and potential competition from centralized solutions or other blockchain-based networks could also impact GEODNET’s adoption and user base.
How to Own GEOD?
To own GEOD, you can use the services of a centralized crypto exchange. Start by creating a Gate.io account and get it verified and funded. Then, you are ready to go through the steps to buy GEOD.
News on GEODNET
On 31 December 2024, GEODNET’s official X channel celebrated a remarkable year, highlighting their journey from zero to over 12,000 network stations and an impressive 455% year-on-year revenue growth in just two years. The announcement reflected milestones in network coverage, community growth, and key partnerships, including collaborations with the USDA, a mention in the US Congress, and showcasing at Token2049 Singapore. GEODNET continues transforming industries by delivering affordable RTK solutions, advancing robotic navigation, and championing digital sovereignty through DePIN. The team expressed gratitude for the community’s unwavering support.
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