Geodnet (GEOD)

Network Infrastructure and Data Services

Geodnet builds a decentralized network of Global Navigation Satellite System (GNSS) receivers that improve the accuracy of location data. Users install blockchain-connected RTK devices that collect satellite positioning signals and space weather data, which help correct GPS and other navigation signals to centimeter-level precision and nano-second time accuracy. This network supports real-world applications like autonomous vehicles, drones, AI robots, augmented reality, and metaverse navigation.

Token Incentives and Mining

The GEOD token is used to reward users who contribute data by running hardware nodes (miners) that collect and share geospatial and space weather information. These tokens incentivize network growth and maintenance. Users can earn passive income by operating GEODNET stations, staking tokens, and participating in governance decisions.

Use Cases in Precision Navigation

Geodnet’s high-precision location services enable practical applications such as automatic tractors, lawn mowers, and other autonomous machinery. The network’s data is essential for industries requiring exact positioning and timing, enhancing navigation reliability and enabling new technologies in robotics and autonomous systems.

Token Utility and Economy

GEOD tokens are used to pay fees for accessing GEODNET data streams and services. The project employs token buybacks and burns to reduce supply and encourage network expansion. The token also supports decentralized governance, allowing holders to vote on protocol changes.

Integration and Ecosystem

Geodnet supports a variety of compatible devices from multiple manufacturers, ensuring a broad and resilient network. It leverages blockchain technology for secure, permissionless data sharing and verification, making it a leading project in decentralized physical infrastructure networks (DePIN).

Advantages

• Geodnet uses a unique proof-of-location mining system where users earn GEOD tokens by contributing accurate geospatial data through satellite reference stations.
• It improves the accuracy of satellite positioning signals (GNSS), enabling centimeter-level precision useful for robotics, autonomous vehicles, drones, augmented reality, and metaverse applications.
• The network is decentralized and secured by blockchain technology, providing cryptographic guarantees of data authenticity and transmission.
• Users can earn passive income by running satellite miners that contribute data to the network.
• 80% of the network’s data revenue is used to buy back and burn GEOD tokens, reducing supply and encouraging network growth.
• Geodnet has growing real-world use cases and collaborations, with a community optimistic about its future.
• The token is traded on multiple exchanges and can be added to wallets like MetaMask for easy management.
• The project is part of the emerging DePIN sector, which is gaining attention and potential for growth.

Disadvantages

• The value of GEOD tokens depends on continued demand and the token’s market value, which can be volatile.
• There is competition risk from established companies potentially replicating Geodnet’s services or using their advantages to limit Geodnet’s growth.
• Mining rewards halve annually, which may reduce earnings over time for miners.
• The network requires specialized hardware (satellite miners) to participate in mining, which may be a barrier for some users.
• The price of GEOD has experienced significant fluctuations and is sensitive to overall crypto market conditions.
• Some exchanges do not yet support GEOD trading or contracts, limiting liquidity options.

This summary reflects the current state and outlook of Geodnet based on available information.

Founders of Geodnet

Geodnet was founded by Mike A Horton and Yudan Yi in 2021. Mike A Horton is the CEO and lead founder, bringing over 20 years of experience in the navigation industry. Yudan Yi is also a co-founder involved in the project. Additionally, David Chen is noted as a co-founder and head of WEB3 development, contributing blockchain expertise to the team.

Major Investors

Geodnet has raised a total of about $15 million from 15 investors over 3 funding rounds. Some of the key investors include Digital Asset Capital Management, G1 Ventures (London), Multicoin Capital, Animoca Brands, Borderless Capital, Pantera Capital, ParaFi, CoinFund, VanEck, Santiago R. Santos, North Island Ventures, and US Modular Capital.

Investment Rounds

• The largest recent funding round was a Seed round on February 25, 2025, raising $8 million led by Multicoin Capital.
• Earlier rounds include a $2 million strategic investment round with new investors like CoinFund, Pantera, VanEck, and Santiago R. Santos.
• Initial funding also came from the core team and angel investors.

Investor Types

Investors range from venture capital firms, crypto-focused funds, strategic investors, to angel investors. They support Geodnet’s mission to build a decentralized blockchain-based geospatial data network.

Halal Status of Geodnet

• Yes, Geodnet is halal.
• Reason: Geodnet operates as a decentralized geospatial data infrastructure with a real-world use case, avoiding interest (riba) and gambling (maysir). It uses blockchain technology for proof-of-location mining and staking, which can be considered halal if conducted ethically and without involvement in prohibited activities.
• Islamic finance principles emphasize that a cryptocurrency should have inherent value, serve a real-world purpose, and avoid forbidden elements. Geodnet’s focus on precision navigation and data services aligns with these criteria.
• As with all cryptocurrencies, individual consultation with a knowledgeable Islamic scholar is recommended for personal assurance.