GEODNET

GEODNET is a decentralized physical infrastructure network (DePIN) built to solve one of the most persistent limitations in autonomous systems: the accuracy of GPS. Standard GPS carries a positional error of one to several meters—a margin that is unacceptable for a delivery drone threading city streets, a self-driving tractor navigating rows of crops, or a surveying robot mapping a construction site. GEODNET addresses this gap by deploying a globally distributed mesh of GNSS reference stations that stream Real-Time Kinematic (RTK) correction data, bringing positional accuracy down to the centimeter level.

How the Network Works

RTK positioning works by pairing a mobile receiver with a nearby fixed reference station whose exact coordinates are known. The reference station continuously receives GNSS satellite signals, computes the deviation between the observed signal and the expected signal, and broadcasts those corrections to receivers within its range—typically about 20 kilometers. Devices that apply these corrections can resolve their position to within a few centimeters rather than a few meters.

Traditional RTK correction networks (called CORS networks, for Continuously Operating Reference Stations) are built and maintained by government agencies or large private operators. They are expensive to expand, often geographically patchy, and closed to independent developers. GEODNET replaces this model with community-owned infrastructure: any operator can purchase a compatible GNSS base station, install it on a rooftop, register it through the GEODNET Console, and immediately begin contributing correction data to the network and earning GEOD token rewards.

The network uses a hex-based geographic mapping system inspired by Helium's deployment model, with incentive structures designed to spread stations evenly. Operators who deploy in currently uncovered hexes earn higher rewards through an Empty Hex bonus. A SuperHex program allows the GEODNET Foundation to designate high-priority commercial regions and offer up to 4x reward multipliers for stations deployed there. Stations that maintain a 98% uptime score over 30 consecutive days earn a Location NFT, which confers ongoing performance bonuses.

Scale and Growth

As of Q3 2025, GEODNET had grown to more than 19,800 active Satellite Miners operating across more than 5,000 cities in 148 countries, making it the largest decentralized RTK network in the world. That figure represented an increase of over 42% from the approximately 14,000 nodes active in Q1 2025. The network's long-term design target is 100,000 evenly distributed base stations globally, a scale that would exceed any existing CORS infrastructure.

Revenue from RTK data subscriptions reached over $1.2 million in Q3 2025, up 27.9% quarter-over-quarter and 216.9% year-over-year. Annualized recurring revenue stood at approximately $7.3 million as of late 2025. In September 2025, Natural Resources Canada (NRCAN) granted GEODNET official RTK-compliant recognition, validating the network's precision standards for professional and government use in North America.

Token Economics and Solana Integration

GEOD is the network's native token, with a fixed total supply of one billion. Miners earn GEOD for operating reference stations, with reward rates that halve annually on June 30—triple-band miners earn up to 48 GEOD per day in their first year, falling to 24 GEOD in year two and 12 GEOD in year three.

The economic design is structured to align token supply with real demand for positioning data. Eighty percent of all revenue from RTK data subscriptions is used to buy back and burn GEOD tokens on the open market, permanently reducing supply. In Q3 2025 alone, 6.0 million GEOD tokens were burned—up 59% quarter-over-quarter, representing nearly $975,000 in value at that period's prices. The project expects to reach a "Net-Positive" state—where tokens burned from revenue exceed tokens newly mined—sometime in 2026 or 2027, at which point the total supply would begin contracting.

GEOD originally launched on Polygon as an ERC-20 token and was also available on IoTeX. Through GEODNET Improvement Proposal GIP-7, the project completed a strategic consolidation onto Solana, where GEOD now trades as an SPL token bridged via Wormhole NTT. Liquidity is available on Orca, Raydium, and Jupiter. The Solana migration also introduced performance staking for SPL GEOD holders.

Funding and Team

GEODNET raised a total of $15 million through multiple funding rounds, including an $8 million strategic investment led by Multicoin Capital in February 2025. The project is governed by GEODNET Foundation, a Singapore-based non-profit.

The founding team combines deep navigation engineering expertise with blockchain experience. Mike A. Horton, the project creator, has more than 20 years in the navigation industry. He previously co-founded Crossbow Technology, an inertial sensor company sold to Moog Aerospace for approximately $50 million in 2011, and later co-founded Anello Photonics as CTO. He holds over 20 patents and was named among the top 50 sensor technology experts globally by Sensors Magazine in 2019. Horton received back-to-back Best Presentation awards at the Institute of Navigation GNSS+ Conferences in 2021 and 2022.

David Chen leads blockchain development, bringing over 20 years of Silicon Valley technology leadership and early blockchain involvement since 2013. He previously co-founded the Jingtum and MOAC blockchain projects. Yudan Yi, Head of GNSS, holds a PhD in geodesy from Ohio State University and served as a senior director at Aceinna, a precision positioning sensor company.

Partners and Use Cases

GEODNET's correction data is used across precision agriculture, construction surveying, autonomous vehicle navigation, drone operations, and consumer mapping. Commercial partners integrating the network's RTK streams include DJI (consumer and professional drones), DroneDeploy (drone data management), Propeller (construction site surveying), and Quectel (GNSS module manufacturers). These integrations allow devices using partnered hardware or software to seamlessly access GEODNET's correction data through established SDKs and APIs.

Beyond professional use cases, GEODNET offers GEO-PULSE, a consumer-grade navigation device paired with a quest application that lets everyday users earn token rewards for completing location-based tasks, extending the network's reach into the consumer market.

Solana Ecosystem Fit

GEODNET's move to Solana as its primary chain reflects a deliberate alignment with the network's DePIN ecosystem. Solana's throughput, low transaction fees, and active DePIN developer community make it a natural fit for a network that processes continuous streams of positioning data and distributes miner rewards at scale. With GEOD liquidity consolidated on Solana-native DEXes and performance staking live on-chain, GEODNET is now a full participant in Solana's physical infrastructure layer alongside other sensor and connectivity networks.