This is a screening of the crypto project GEODNET. See Screenings for more information.

GEODNET ($GEOD)

Decentralized physical network of sensors that provide correction data for centimeter-precision GPS.

Verdict: GOOD

• Working and useful product with paying customers.
• Revenue used to buy back and burn tokens.
• Experienced team, and good community activity.

Details

As of 2025-12-16:

• MC: 60.7M
• FDMC: 138.5M
• Price history: 2022-08-01
• ATH: 2025-01-25
• ATL: 2024-02-08
• From ATH: -63%
• From ATL: 1,450%
• Chains: Solana, Polygon, IoTex

https://coinmarketcap.com/currencies/geodnet/

Links

• Website: https://www.geodnet.com/
• Documentation: https://docs.geodnet.com/
• Blockworks console: https://blockworks.com/analytics/geodnet
• Dune console: https://dune.com/geodnet_console/geod-console

Product

“The Global Positioning Network for the Autonomous Future”

Decentralized network of sensors that provide RTK correction data for increased location accuracy. Users run sensors (a.k.a. “miner” or “base station” hardware nodes) and get rewarded with $GEOD tokens. Customers buy data, burning tokens.

RTK: Real-Time Kinematics. Gives centimeter-precision for GPS.

Started late 2021. As of December 2025 they have 20,585 nodes in 153 countries.

HQ in Silicon Valley.

The info on website and docs is very clear. YouTube explainer videos are very good.

Token

Token $GEOD used for:

• Fees for data and other services.
• Rewards to miners.

80% of data revenue is used to buy back and burn tokens. Token burn has increased exponentially since the start, with 29.6M tokens burnt as of Dec 2025 (1B total supply).

According to Blockworks, miners earn around 50 USD per month. Miners cost around 600-700 USD.

Team

Run as a non-profit established in Singapore. Team has long industry background.

• Founder: https://www.linkedin.com/in/mikeahorton/
• Founder: https://www.linkedin.com/in/yudanyi/

Backed by Multicoin, Pantera, VanEck, Animoca, etc.

Community

Active presence on conferences. Good activity on X and YouTube.

X

https://x.com/GEODNET

• Followers: 135k
• Activity: Daily, good engagement.

Discord

https://discord.com/invite/geodnet

• Members: 33.8k
• Activity: Active, but mostly people asking for help.

YouTube

https://www.youtube.com/@GEODNET

• Subscribers: 59k
• Activity: Weekly videos, 10k-50k views/video.