GeodNet is a precise positioning network that significantly enhances location accuracy. While traditional GPS offers a general sense of location, GeodNet improves accuracy by nearly 100 times, reducing errors from several meters to just a centimeter. This enhanced precision is crucial for applications demanding exact positioning, such as self-driving vehicles, robotics, precision agriculture, and other real-time control systems where consistent operation relies on highly accurate and reliable location data. 

Standard GPS, sufficient for basic navigation, lacks the precision needed for these advanced applications. When GPS is used as a sensor in these systems, accuracy and reliability become paramount. GeodNet directly addresses these challenges by improving both the precision and the stability and resilience of GPS signals. Standard GPS often provides only an approximate location, making it unsuitable for use cases requiring pinpoint accuracy.

Compared to alternative positioning technologies like cameras and LiDAR (Light Detection and Ranging), GPS offers an efficient and cost-effective solution. These alternatives are often expensive, computationally intensive, and susceptible to environmental interference. GeoNet-enhanced GPS, however, provides an absolute position regardless of the surrounding environment. This makes GeoNet a practical and powerful choice for developers and engineers integrating automation into their systems, delivering the necessary accuracy and stability.

Furthermore, GeoNet enables accurate mapping, allowing robots and autonomous vehicles to navigate the same spaces precisely over time, even as the environment changes. This reliability, combined with its cost-effectiveness and robustness against environmental factors, makes GeoNet a superior positioning solution for a wide range of applications.

The Mechanics and Economics of GeoNet

Geodnet's network of reference stations enhances location accuracy by correcting satellite signal errors. These stations compare the expected arrival time of satellite signals with the actual arrival time, accounting for atmospheric disturbances and other factors. This difference is then broadcast as a 'correction stream,' enabling devices within a 12-mile (20 km) radius to achieve centimeter-level accuracy in real-time, a process known as RTK.

Currently, over 30 enterprise companies utilize this data on a subscription-based model, or the data is sold via wholesale agreements. Notably, more than 50% of the data generated by the latest triple-band stations is utilized by one or more GeodNet clients every day. This high utilization rate underscores the strong demand for GeodNet's precise location data and its value in meeting the needs of data-driven businesses. Furthermore, GeodNet allocates 80% of its total revenue to repurchase and burn tokens from the market. The remaining 20% is directed to the GeodNet Foundation.

Device operators are incentivized to contribute data through an hourly reward system. GEOD tokens are earned by operating GNSS Reference Stations (miners). The reward calculation is contingent upon the station's effective online time and the quality of the data provided. During 2022-2023, the base reward was 2 GEOD tokens per hour, which undergoes an annual halving on June 30th. As of June 2025, the current base reward rate is 0.5 GEOD tokens per hour. The maximum achievable reward is up to 48 GEOD tokens per day (Using additional tools). The actual reward earned may vary based on the assessed quality of the data contributed by the GNSS Reference Station.

Currently, the Geodnet miner offers one of the fastest returns on investment among station miners, compared to Helium and Hivemapper devices:

Source: depinscan.io ; telegram/geodnet

The global network is divided into hexagonal regions (hexes), each of which can be claimed by any miner. However, this structure leads to a concentration of miners within certain hexes, resulting in an uneven distribution across the network. To address this, the first miner to claim a hex is granted a Location NFT. In hexes with multiple miners, only the station possessing the Location NFT receives the full rewards rate, while other stations share the remaining rewards. To qualify for a Location NFT, the miner must receive 98% or more of the eligible rewards for a 30-day period, and it must be the first miner in the hex to do so.

 To strategically improve network coverage and incentivize deployment in key geographical zones, designated 'Super Hexes' offer higher reward structures. Participants are invited to contribute GEOD tokens, thereby activating boosted reward pools within these premium regions. This collaborative approach benefits node operators through increased potential earnings, while stakers receive a fixed rate of return.

Source: dune.com/geodnet_console

On average, 390 new miners are installed per month, representing on average 16% monthly growth. In the past year (February 2024 – February 2025), 9,040 miners were installed, which is a 335% increase compared to the period from February 2023 to February 2024. These numbers indicate that the demand for miners is growing at an accelerating rate. This growth may be attributed to the fact that the GeodNet team has addressed two of the biggest problems of the Helium project:

1. Miner distribution and reward optimization. The high concentration of miners, often deployed in close proximity, has significantly reduced the rewards for those mining the Helium token. To address this inefficiency, the top-performing hex GeodNet miner is now awarded a Hex NFT. This ensures that the designated miner consistently receives a fixed reward while also discouraging additional miners from being placed within the same hex. If multiple miners operate in the same hex, the total reward must be shared among all devices, reducing individual earnings.

By incentivizing the deployment of miners in unoccupied hexes and promoting sustained high performance, this system fosters a more balanced network distribution, enhances reward stability, and ultimately improves the overall quality and reliability of the network.

2. Diversified supplier network enhancing growth. A limited number of suppliers significantly hindered Helium’s expansion, as large orders led to slower growth and inflated secondary market prices—at times exceeding 300% of the retail price. GeodNet addressed this issue by diversifying its supplier network. Currently, GeodNet collaborates with 13 different miner suppliers, ensuring a more stable supply chain and supporting sustainable network growth.

Tokenomics

Source: docs.geodnet.com

GEOD tokens have a total supply of 1 billion, intended for governance, and are distributed as follows:

• Mining (35%)

• Team (25%)

• Investors  (25%)

• Ecosystem (10%)

• Vendor & Marketing (3%)

• Public Sale (2%)

GeodNet Funding Overview: Key Investors and Dates

GeodNet secured significant funding throughout 2023, 2024, and 2025. On July 6, 2023, the project raised $1.5 million through a private token sale, with participation from Borderless Capital and IoTeX. This was followed by a $3.5 million funding round on February 27, 2024, led by North Island Ventures, and included investments from Borderless Capital, IoTeX, Reverie, and several other Tier 4 and 5 funds. On April 16, 2024, GeodNet received $2 million in funding from Pantera Capital, Santiago R. Santos, VanEck, and CoinFund. Additionally, undisclosed amounts were invested by ParaFi Capital and Animoca Brands on October 29, 2024, and December 11, 2024. Finally, on February 25, 2025, GeodNet secured $8 million in funding led by Multicoin Capital, with participation from ParaFi Capital and Digital Asset Capital Management.

Token unlock schedule 

Source: docs.geodnet.com

The full chart (2024-2030) can be found here

Numbers

This graph illustrates the percentage of token burn value relative to the project's current Fully Diluted Valuation:

Source: dune.com/geodnet_console ; dune.com/helium-foundation ; app.artemisanalytics.com

Geodnet, on average, burns 123% more token value (in dollars) relative to its FDV each month compared to Helium, and 840% more than Hivemapper. Over the past year (January 2024 to January 2025), Geodnet's token burn rate (as a percentage of FDV) increased by 122%. These figures demonstrate that GeodNet burns a significantly larger amount of token value monthly than both Helium and Hivemapper.

To further illustrate this, the chart below provides a clear comparison of token burn rates for GeodNet, Helium, and Hivemapper:

Source: dune.com/geodnet_console ; dune.com/helium-foundation ; app.artemisanalytics.com 

From April 2023 to the present, GeodNet has demonstrated a burn rate of 1.1% of its total maximum supply. In comparison, Helium and Hivemapper recorded burn rates of 0.52% and 0.11%, respectively, during the same period. Focusing on the most recent 12-month period (January 2024 to January 2025), GeodNet's burn rate was 0.626%, while Helium's was 0.247% (which is 60.54% lower than GeodNet's), and Hivemapper's was 0.0963% (which is 84.6% lower than GeodNet's), all calculated from their respective maximum supplies.

These burn rate comparisons highlight GeodNet's proactive approach to token economics. The data underscores a clear trend of GeodNet's superior burn rate performance relative to its peers. 

Significant token burn rates are evident when analyzing GEOD mining unlocks in relation to burned tokens. The consistent decrease in GEOD token releases alongside an increasing burn rate is expected to drive further token price acceleration.

Source: dune.com/geodnet_console; docs.geodnet.com ; app.artemisanalytics.com

The following graph illustrates the identical information, visualized in terms of US dollar value:

Source: dune.com/geodnet_console; docs.geodnet.com ; app.artemisanalytics.com

Revenue

app.artemisanalytics.com

The graph demonstrates consistent growth since the project's inception. On average, monthly revenue has increased by 18%. Over the past year, from January 2024 to January 2025, revenue has surged by an impressive 354%, representing an average monthly increase of 15.74%. These figures indicate robust and sustained revenue growth. 

Since RTK services are a small market, and GeodNet is a regular company for service recipients, this means that revenue becomes uncorrelated with crypto market performance, and the revenue number must grow every month, as the growing number indicates customer satisfaction with the product. It is important to choose a good provider of such a service, as automation infrastructures are built on this data, and service recipients believe that GeodNet will provide data for many years.

Valuation framework

GeodNet faces two primary competitors in the RTK market: Hexagon SmartNet and Trimble. Hexagon SmartNet operates approximately 5,200 active nodes globally, while Trimble, according to VanEck analysis, maintains around 5,000 nodes worldwide. These two entities collectively hold an estimated 50% share of the overall RTK market.

In contrast, GeodNet's network, with 13,300 nodes, is 155% larger than Hexagon SmartNet and 166% larger than Trimble's network. Despite this significantly larger infrastructure, GeodNet currently holds a market share of only 0.0885% within the RTK sector. The RTK market size, defined narrowly, was valued at approximately $3.39 billion in 2024. 

It is important to note that Hexagon SmartNet and Trimble offer a wide array of services beyond RTK, as the RTK sector alone represents a narrow market. GeodNet recognizes this, which is why it is rapidly developing new products that leverage the data currently being generated.

Calculations were performed using data from Hexagon SmartNet, a company whose primary revenue stream is derived from GNSS corrections. For the purposes of this calculation, Hexagon SmartNet's market share was assumed to be 25%. The Fully Diluted Valuation (FDV) is calculated based on Hexagon SmartNet's market capitalization ($31 billion).

Bear case (0.50%) (2.06x multiple) - Sales of the core device and associated revenue are experiencing steady growth.

Normal case (2%) (8.26x multiple) - With the launch of new products experiencing rapid adoption, GeodNet's competitors have now commenced wholesaling GeodNet data (it was previously noted that competitors had already begun selling GeodNet data wholesale)

Bull case (5%) (20.66x multiple) - GeodNet implements a 70% reduction in its product prices, making its previously expensive service accessible to everyone. This will enable data to be used for a wide range of essential applications, driving even greater demand for RTK technology.

Roadmap

Current & Shipping:

• GeoPulse Device & App Ecosystem: GeodNet's flagship device, GeoPulse, is a $149 hardware unit designed to provide centimeter-accurate car navigation. It's paired with a developing app ecosystem aimed at professional drivers, fleet management, and augmentet reality driving experiences. The key selling point is highly precise positioning for those whose livelihoods depend on it.

Near-Term (This Year):

• Android Precise Location Implementation: GeoNet is developing a software-only version of its precise location technology for Android devices. This will allow Android users to access the same high-accuracy positioning data without requiring dedicated hardware. This is a key expansion of accessibility for GeoNet's technology.

• GeoNet/Wingbits Mining Station: A dual-protocol device integrating GeoNet and Wingbits for flight tracking. This device allows simultaneous tracking of aircraft and contribution to the GeoNet network. Shipping is expected by the end of the month (February 2025).

Future Plans (Longer Term):

• GeoNet plans to extend its technology to provide precise positioning for drones. This will involve developing specialized hardware and software for drone navigation and tracking, serving key sectors such as delivery services, agricultural monitoring, infrastructure inspection, and aerial imaging.

In 2025, there will be a stronger focus on expanding services, particularly in the fields of drones and robotics. Building on RTK technology, new services like PPK (Post-Processed Kinematic) and mapping tools will be introduced to support various robotic platforms. PPK is a positioning technique similar to RTK but processes data afterward for higher accuracy, making it ideal for applications like smart cities and digital twin creation. It allows large amounts of GNSS, LiDAR, and camera data to be collected and later processed to build precise 3D models. Currently, this process is complex and high-end, but efforts are underway to simplify it. Geop Pulse plays a key role in this by providing valuable training data to improve PPK models and enhance overall efficiency.

Conclusion

The project team's expertise allows for the development of high-demand products that generate real economic value, driven by tangible business metrics and strong market appetite. Continuous product launches and refinements establish GeodNet as a leader in its field, essentially a Web2 business effectively leveraging Web3 infrastructure. By rectifying past errors of indirect competitors, the company efficiently maintains and expands its miner network. This provides GeodNet with a distinct advantage over other projects within the DePin sector.