Osazzzz

@osazzzz

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107 Followers

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That eth is down only as no one uses it again after the NFT hype in 2021

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If you want to dig deeper into Geodnet, check out the following: Podcast with Jesse Eckel : youtu.be/gSjc4oo74jw?si… Messari Research Report: messari.io/report/state-o… Mike Horton’s Podcast: open.spotify.com/show/6e2OQx2g1… You’re a legend for reading this far! Hope you enjoyed the writeup, likes and reposts are always appreciated. Thanks!

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◽️Team Founder: Mike Horton https://x.com/mikeahorton?s=21&t=LpxkWiiMD772Fh0Ov2xp6Q Account: https://x.com/geodnet_?s=21&t=LpxkWiiMD772Fh0Ov2xp6Q

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I personally hold $GEOD and plan to accumulate more. My only current concern is some substantial token unlocks coming up, but given their track record handling token supply so far, I'm not worried. This isn't financial advice, just my personal opinion.

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◽️My Thoughts From everything I've researched, Geodnet just keeps winning with no signs of slowing down. They're running a profitable business with a lineup of paying customers purchasing their data services. The $GEOD token has been consistently grinding upward since launch, outperforming most tokens during this period. Their revenue to buyback model makes this more bullish since many earlier DePIN projects failed due to poor tokenomics and increasing supply issues. Mike, one of the founders, mentioned in a podcast that he sees the potential RTK services market expanding to $20B. If $GEOD were to reach that market cap, that's a 321x from today's prices, turning every $100 into $32K. It’s worth noting that Geodnet has become the largest RTK network globally according to a Messari report, positioning them as the most likely to dominate this space. At their current pace, I genuinely believe reaching that valuation is possible with the right market sentiment.

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◽️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

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◽️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.

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◽️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.

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◽️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.

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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.

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Save some for the rest of us 😉

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Was folding always part of the plan? Guess I gotta read art of the deal

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As the 10yr has gone back up do you think Trump will fold in he's tariff stance? cause it doesn't seem to be working

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Where do you rank on The Leaderboard?

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Where do you rank on The Leaderboard?

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The boys keep on cooking

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