GEODNET provides a decentralized location layer that supplies precise RTK data for robotics, drones, and AI systems. Users can deploy Satellite Reference Stations to contribute data to the network and earn GEOD tokens as a reward. This infrastructure enables high-accuracy navigation for autonomous applications across various industries.
Funding
$3.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
ABFounders
Product
Problem
Standard GPS positioning lacks the accuracy required for many modern applications, particularly those involving autonomous systems, robotics, and high-precision surveying. Traditional RTK networks can be expensive to deploy and maintain, limiting their accessibility and scalability.
Solution
GEODNET is a decentralized, blockchain-based Real-Time Kinematics (RTK) network that delivers centimeter-level positioning accuracy, a 100x improvement over standard GPS. The network leverages a community of roof-mounted Satellite Miners that provide validated RTK corrections, creating a highly reliable and globally expanding service. By utilizing DePIN (Decentralized Physical Infrastructure Network) principles, GEODNET offers a cost-effective and scalable solution for precise location data. Users can participate in the network by deploying Satellite Miners and earn GEOD tokens for contributing RTK data. The RTK data is used to enhance the accuracy of various applications, including automotive navigation, drone operations, construction, agriculture, and Web3 gaming.
Target Audience
The primary target audience includes professionals in surveying, construction, agriculture, and autonomous systems, as well as Web3 developers and gamers requiring precise location data.
Features
- Global RTK network with over 17,000 validated stations in 145 countries
- Satellite Miners that earn GEOD tokens for providing RTK data
- Web3 blockchain-based infrastructure for secure and transparent operations
- High-precision positioning with centimeter-level accuracy
- Low-power Satellite Mining antennae (<2W) with no RF emissions
- GEO-PULSE, a car navigation device that leverages GEODNET for lane-level accuracy and token rewards through the Quest App
- Integration with standard phone apps like Google Maps via GEO-PULSE
- 80% of data revenue is used to buy back and burn GEOD tokens, incentivizing network growth