What is this network?

GEODNET is a web3 cryptocurrency project that aims to disrupt the global positioning industry by creating precise location data using a worldwide network of global positioning satellites. The project is built on web3 technology, which enables decentralization, security, and transparency. GEODNET is designed to be accessible to anyone, anywhere in the world, and is not limited by geographical boundaries

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How can I mine tokens?

GEODNET has its own cryptocurrency token, $GEOD, which is earned through mining. There are two types of miners: Space Weather Stations miners and Service Provider miners. Space Weather Station miners earn $GEOD tokens through the Proof of Accuracy Protocol, which validates measurement observation quality on several metrics. Service Provider miners are rewarded using a Proof of Stake protocol and also act as the backbone of the blockchain

Any geographical restrictions?

There are no geographical restrictions for participating in the GEODNET network. It is accessible to anyone with an internet connection and the necessary infrastructure to contribute and share real-time data

How can I optimize my mining rewards?

To optimize your mining rewards on the GEODNET network, you can focus on providing high-quality and valuable real-time data. This can involve identifying niche data sources, ensuring data accuracy and reliability, and actively participating in the GEODNET marketplace to connect with potential data buyers. Additionally, staying informed about the needs and trends in the data market can help you align your data offerings with demand and maximize your rewards

How can I use the network?

You can use the GEODNET network for various applications, including climate change monitoring, autonomous driving, high-resolution mapping, autonomous construction, UAV logistics, unmanned farming, VR/AR, geodetic surveying, and deformation monitoring

Who governs this network?

The GEODNET network is designed to be decentralized and community-driven. The project is managed by the GEODNET Foundation, a non-profit organization that promotes the use of services within the traditional GNSS and IoT industry. The foundation seeks to align the interests of miners and users, and the community actively participates in shaping the future development of the network and making decisions through discussions, proposals, and voting

Funding

GEODNET has received funding through various sources, including a $1.5 million investment led by Borderless Capital. The project continues to receive support from various sources, including partnerships, grants, and ongoing contributions from the community. The funding is used to further develop the network, enhance its features, and expand its ecosystem