GeodnetPrice

(GEOD)

The primary hardware required is the Hyfix MobileCM miner, which functions as a triple-band GNSS receiver. It is typically supplied with a survey-grade antenna and all necessary mounting equipment for proper installation. This specialized equipment is essential for capturing the precise satellite positioning data that powers the GEODNET network.

For optimal performance and to maintain a high Reward Reliability Rating (RRR), the antenna requires a clear, unobstructed view of the sky. Ideally, it should have an unblocked horizon of at least 10 degrees. This means avoiding placement near tall trees or buildings that could obstruct satellite signals, as interference can significantly reduce data quality and impact your potential token rewards.

The total supply of GEOD tokens is capped at 1 billion. The network implements a crucial Buy-Back and Burn program to manage this supply. Under this mechanism, 80% of the network's data revenue is allocated to purchase GEOD tokens from the open market. These acquired tokens are then permanently removed from circulation, a process designed to introduce deflationary pressure and enhance token scarcity over time.

GEODNET incorporates an annual halving event, which typically takes place on June 30th each year. This mechanism reduces the daily token rewards distributed to network participants by half. The primary purpose of this halving is to control the token's overall inflation rate and systematically decrease the rate at which new tokens are introduced into circulation, aligning with the network's long-term tokenomics strategy.

A SuperHex is a designated high-priority geographical area within the GEODNET network, aiming to incentivize infrastructure deployment in key locations. Users can unlock a significant reward multiplier, up to 14x, for a miner operating in that area by staking 50,000 GEOD tokens. This mechanism encourages the strategic placement of receivers, contributing to enhanced network coverage and data utility in high-demand zones.

GEODNET's centimeter-level accurate RTK correction data is highly sought after by various industries. Key consumers include sectors leveraging autonomous technology, such as agricultural businesses operating self-driving tractors and companies developing delivery drones. The data is also vital for professionals in construction surveying, where precision is paramount, and emerging applications in augmented reality (AR) and virtual reality (VR) that require highly accurate real-world positioning.