Learn more about
Geodnet
Understanding Participation Rewards
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 Network Size and Utilization Growth
The GEODNET network continues to see substantial growth in participant activity and service utilization. In March 2024, network participants collectively facilitated services valued at approximately $52K in monthly activity, corresponding to an annualized usage rate of ~$630K
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.