Geodnet

GPS and other GNSS constellations broadcast from thousands of kilometres away. Their signals arrive with orbit, clock, atmospheric and reflection errors. A reference antenna whose location is already known can compare the broadcast position with reality and help nearby rovers correct their own measurements. GEODNET calls that antenna a Base Station or Satellite Miner.

The name can mislead. The box does not mine a satellite or secure a proof-of-work chain. It streams observations to GEODNET’s Cloud Platform. The project says correction coverage is roughly 20–40 kilometres and can produce centimetre positioning, but the claim remains conditional on the rover, sky view, local reflections, data link and station health. The 100,000-station world map is a long-term goal, not a reviewed deployment count.

There is a real service boundary behind the token. The public PPK API shows authenticated customers finding nearby stations, creating orders for historical RTCM observations, downloading archives and converting them to RINEX. Live RTK reaches customers through accounts and reseller channels. That is stronger evidence than a generic claim that location data might someday be useful.

A miner does not receive a fixed rent simply for owning hardware. Console measures online time, satellite signal quality, spacing and multipath; performance rules can forfeit weak periods and redirect rewards to eligible backbone stations. Since July 2025 dual-band stations no longer qualify. For 1 July 2026 through 30 June 2027, the listed triple-band base maximum is 6 GEOD a day before every multiplier and penalty.

Polygon contract 0xac0…9adb was constructed with a one-billion cap and the full billion is minted. Official allocation sends 35% to mining, 25% to the team, 25% to investors, 10% to the ecosystem, 3% to vendors and marketing, and 2% to public sale. Mining payouts are emissions from that pre-minted pool, not new coins created every day.

The verified code still contains functions to raise the cap above supply, mint, pause transfers, freeze addresses and restrict burns to a burner role. The present state changes the conclusion: on 5 September 2026, default admin, admin, minter, burner and blacklister each had zero enumerable members, the cap equalled supply and the contract was unpaused. The dangerous verbs remain readable, but no listed role holder could call them at that snapshot.

The Foundation says 80% of data revenue buys GEOD on the market and burns it. That can reduce outstanding supply, but it is neither an algorithmic burn-and-mint equilibrium nor a dividend. Customers may pay fiat, the Foundation decides and executes purchases, and token holders have no reviewed contract allowing them to collect 80% or compel a burn.

GEOD also exists as Solana SPL mint 7JA5…mKHu. The bridge guide identifies Polygon spender contracts and caps each transfer at 10 million. On the review date the Solana mint had no freeze authority but did retain mint authority AJih…wA5F. That authority is needed to represent cross-chain movement, yet it also means Solana supply integrity depends on NTT/bridge configuration and its controllers even though Polygon roles were renounced.

GIP-7 passed in August 2025. It proposed up to 4 million GEOD for a 30-day transfer campaign and targeted March 2027 for ending Polygon support. ‘Pass’ is not ‘finished’: the repository itself distinguishes Approved, which awaits development and testing, from Deployed. A holder faces migration deadlines, bridge availability and chain-specific liquidity rather than an automatic swap guaranteed by the ERC-20 contract.

Governance is not one GEOD, one vote. veNFT power is divided roughly one-third each among Location NFT miners, SuperHex stakers and locked team/investor GEOD. Team and investors may delegate voting wallets; the same documents describe locked insiders as Foundation members. Proposals also pass through audit and approval before a 14-day ballot, then require 20% quorum and either 67% or 90% yes votes.

GEODAO Foundation PTE LTD is named in the site footer, and the project presents a Singapore nonprofit led publicly by project creator Mike A. Horton, blockchain head David Chen and GNSS head Yudan Yi. The Foundation coordinates coverage, backend scoring, payouts, customer revenue, bridge migration and proposal implementation. GEOD can participate in parts of that system, but the reviewed materials do not establish that ordinary token holdings grant equity in the entity, ownership of uploaded data, guaranteed mining returns, redemption at par or an enforceable claim on service receipts.