What is Geodnet
What is the project about?
The Global Earth Observation Decentralized Network (GEODNET) is a decentralized network of Space Weather mining stations that report the real-time influence of the Sun’s solar winds on the Global Navigation Satellite System (GNSS) signals. This data is commonly used to accurately correct GNSS (GPS and other navigation satellite) signals to provide centimeter level positioning accuracy and improve absolute time accuracy to nano-second level.
What makes your project unique?
GEODNET is a leading DePIN (Decentralized Physical Infrastructure Network) project with strong demand/user-side revenue growth and token burn. GEODNET serves numerous existing applications with a world-class network of >3000 nodes supporting Automotive/Autonomous Navigation, Agriculture/Construction Vehicle Machine Control, Earthquake/Geohazard Monitoring, and traditional Land Survey.
History of your project.
Project was first presented at the 2021 GNSS+ conference run by the Institute of Navigation. It received Best Presentation Award. (https://www.ion.org/publications/abstract.cfm?articleID=17882)
GEODNET Mining Stations were deployed from March 2022, and the network has been growing rapidly to 3000+ now.
On-chain revenue occurred in April 2023 (https://twitter.com/GEODNET_/status/1651977929260167169).
Bordeless Capital lead a $1.5M token pruchase investment in July 2023 (https://medium.com/borderless-capital/borderless-leads-a-1-5m-investment-into-geodnet-to-bring-high-accuracy-positioning-to-the-masses-ccd2c1b9ce97)
What’s next for your project?
* Growing data users in the area of robotics, drones, and mobile phone apps
* Staking to create high value regions for improved network coverage in areas needing additional station coverage
What can your token be used for?
*Fees for providing GEODNET data streams and services
* Rewards to Space Weather Miners
* Staking to create new high value SuperHex
* Used for governance votes to determine how network resources are allocated
* Mining equipment discounts and purchases
Geodnet vs Stoic
It's almost impossible to predict which cryptocurrency will eventually emerge as the leader.
There is no guarantee that In 5 years, GEOD would still even exist. Another faster and cheaper blockchain might capture the majority of developers, users, and capital. Or some critical failure of GEOD might derail its progress.
Because the probability of guessing the winner is low, it's better to use a portfolio approach and buy all possible contenders, including GEOD.
Stoic builds a portfolio by using hedge fund-grade quantitative research and AI to build a portfolio of crypto assets.
The algorithm analyzes price data, returns, volatility, correlations, and other factors to identify coins that are likely to go up. It then rebalances the portfolio daily to cut losses early and take profits regularly. Stoic is a great alternative to researching coins and trading manually.
Over 12,000 people already use Stoic to automate their crypto investing.