Osazzzz
@osazzzz
A DEEP DIVE INTO GEODNET 📡 ◽️Overview Geodnet is a DePIN project focused on delivering super accurate positioning data down to the centimeter level with a decentralized Real Time Kinematics network. It began as a map based location project but quickly evolved into a key player in robotics. It’s been live for over a year now, backed by some big names like Animoca Brands, ParaFi Capital, Multicoin Capital, Pantera Capital, and VanEck among others.
1 reply
1 recast
2 reactions
Osazzzz
@osazzzz
◽️How It Works Users install base stations (hardware on rooftops) that capture satellite data. In return, they earn $GEOD tokens. There’s also a cool bonus called SuperHexes, which are special zones in areas where coverage is limited. In these spots, stakers are incentivized to stake tokens which ramps up rewards for miners, encouraging even more network expansion. At this moment over 14,000 active base stations have been set up, with Geodnet’s infra reaching more than 140 countries and 4000 cities.
1 reply
0 recast
0 reaction
Osazzzz
@osazzzz
◽️The Problem and the Fix Standard GPS often falls short by a few meters, which is fine for casual use but not enough where pinpoint accuracy matters. Traditional RTK services, like those from Trimble, are effective but are costly and have limited coverage, especially in remote spots. Geodnet solves this by building a network of base stations. They incentivize users with tokens to set up and maintain these stations, which then collect satellite data with centimeter precision to serve select industries. This not only cuts costs but also expands the reach of accurate data in remote areas.
1 reply
0 recast
0 reaction
Osazzzz
@osazzzz
◽️Use Cases Geodnet already supports over 30 enterprise customers across a range of industries including: • Chip production • Agriculture • Robotics • Self driving vehicles and drone navigation • Gaming, VR, and the metaverse • Survey and mapping
1 reply
0 recast
0 reaction
Osazzzz
@osazzzz
◽️Tokenomics With a maximum supply of 1 billion $GEOD tokens, miners earn tokens daily, though mining rewards get halved every June 30th. What really caught my eye is how it fights off token dilution. ‘100% of their revenue gets used to buy back $GEOD tokens’ as 80% of that buyback gets burnt, slashing the supply while the remaining 20% goes into the foundation to support operations. Just to put it in perspective, last year Geodnet generated over $3 million in revenue, which went straight into buying back tokens.
1 reply
0 recast
0 reaction
