How much can you earn
Installation
Installing GEODNET is straightforward, with deployment with a clear line of sight being recommended, with a 10 degree angle with no obstructions. This ensures maximum satellite connectivity which is needed to lock your hex and earn the location NFT. Any negative factors will result in bad GNSS signal quality. Obstructions and interference from over-hanging trees will result in poor GNSS signal quality further. In the backend system, GEODNET monitors the GNSS signal quality and issue GEOD tokens based on the GNSS signal quality.
Geodnet Current Annual Recurring: $680,000
GEODNET Network Size and Annual Recurring Revenue (ARR) Growth >2x in 1 Year. The demand for the services demonstrates how much money customers are paying to utilize GEODNET’s network. In March 2024, GEODNET earned $52K in revenue, corresponding to an annual revenue rate of ~$630K. Due to the nature of GEODNET’s business, this is recurring revenue.
Note: this data ends in March, and today, GEODNET's revenue sits above $1M yearly.
Competitive Advantage over other GPS services competitors
Because GEODNET has removed many of the costs of running its GNSS enhancement network, it has a substantial pricing advantage over its competitors. Here's a list of prices of different devices and there accuracy improvements.