Onocoy

Onocoy is a decentralized physical infrastructure network (DePIN) that operates a global open marketplace for GNSS (Global Navigation Satellite System) real-time kinematic (RTK) correction data. By connecting thousands of community-owned reference stations to a single open network, Onocoy enables drone operators, precision farmers, autonomous vehicle developers, and surveyors to access centimeter-level positioning accuracy without expensive annual contracts or dependence on closed national networks.

The Problem Onocoy Solves

High-precision GPS positioning — the kind that holds a drone within centimeters or steers an autonomous tractor down a crop row — requires RTK corrections: a continuous stream of satellite signal error data from a fixed ground station near the receiver. Traditional RTK correction networks are run by governments, national mapping agencies, or private subscription services that charge recurring license fees, restrict commercial use, and often leave entire regions without coverage. Onocoy dismantles this model by letting any GNSS station owner contribute data and earn token rewards, creating a self-funding global network.

How It Works

Station owners connect existing GNSS reference stations to the Onocoy network using the industry-standard RTCM 3 / NTRIP protocol — no hardware changes required. Onocoy's platform continuously verifies data quality, monitors uptime, and compensates contributing stations in $ONO tokens proportional to data quality, availability, and location uniqueness. Stations in underserved areas earn more, aligning operator incentives with genuine coverage gaps.

Data consumers — companies building positioning-dependent products — access corrections on a pay-per-use basis billed at one-second intervals. There are no annual contracts or minimum commitments. The platform is governed by a Swiss non-profit association using a Realms DAO framework on Solana, where $ONO token holders vote on protocol decisions. Governance currently follows a one-token, one-vote model with plans to evolve toward square-root voting to reduce concentration effects over time.

Scale and Traction

As of late 2025, Onocoy's network spans more than 7,900 reference stations across 180+ countries. That figure grew from approximately 3,725 stations at the start of 2025 — more than doubling in a single year. Usage also expanded sharply: data credits burned on the network grew from 25,266 in January 2025 to 411,161 by December, a sixteen-fold increase within twelve months. The project reported $1M+ in annual recurring revenue and closed its first two paying enterprise clients in Q2 2025.

Coverage tools including interactive opportunity maps and per-region demand heatmaps (called High Value Areas) guide station operators toward deploying in locations where actual client demand exists, aligning miner incentives with network utility rather than geographic clustering.

The $ONO Token

$ONO is Onocoy's native Solana token, deployed on-chain with a hard-capped total supply of 810 million tokens. The Token Generation Event (TGE) launched in July 2025. Early participants who mined during the beta period received BONO (beta-ONO) tokens, redeemable for ONO at a multiplier starting at 150% and scaling up to 800% based on loyalty and timing.

Token allocation: Community (40%), Ecosystem Fund (32%), Investors (14%), Team (10%), and Market Making (4%). Emission follows a Bitcoin-style halving schedule with 16% annual decay. A portion of buyback revenues is periodically burned to create deflationary pressure — through the end of 2025, buybacks and burns exceeded 1.7 million ONO tokens.

Token utility covers three functions: rewarding network contributors (station operators), governance participation, and value capture through deflation funded by fiat client payments. Clients pay in fiat; that revenue funds operations and on-market token buybacks, creating a direct link between real-world network usage and token economics. ONO trades on Coinbase and LBank, among other venues.

Team and Funding

Onocoy was co-founded by Daniel Ammann, former Executive Vice President at u-blox (a major GNSS chipmaker), and Thomas Nigg, who brings 25 years of GNSS industry expertise also from u-blox. The founding team's deep hardware and standards background distinguishes Onocoy from crypto-native DePIN projects with limited domain knowledge.

Total funding exceeds $6 million, including a $1.5 million grant from the European Space Agency for developing AI-powered GNSS fraud detection. Ryze Labs made a strategic investment in 2025. A PinkSale community presale raised $139,000.

Technology and Partners

Any RTCM 3 / NTRIP-compliant GNSS receiver can participate in the network, meaning professional geodetic hardware from makers like Septentrio, Emlid, and others connects without modification. Technology partners include Tupaia, NeuraLoc, RTKFix, SkyTrade, WeatherXM, Acurast, Stargate, and Septentrio. Regional distribution partnerships with DroneDash, Kindhelm, and EUGEO target deployment growth in Southeast Asia, Finland, and Romania.

The ESA-backed fraud detection initiative uses AI to identify spoofed or degraded correction data at the network level — a critical requirement for safety-critical drone and autonomous vehicle applications.

Market Context and Solana Ecosystem Fit

The global GNSS market was valued at approximately $223 billion in 2021. The precision RTK sub-segment is projected to reach $5.6 billion by 2026 at an 18.2% CAGR, driven by drone delivery, precision agriculture, robotic equipment, construction surveying, and autonomous vehicles.

Onocoy selected Solana as its settlement layer for fast, low-cost per-transaction token reward payouts — a necessity when compensating thousands of stations for second-by-second data contributions. Governance via Solana's Realms DAO places Onocoy within the broader Solana DePIN ecosystem alongside networks like Helium, Hivemapper, and GEODNET. Onocoy's differentiation lies in its enterprise-grade technical standards, demonstrated revenue, ESA institutional backing, and founding team's hardware industry credibility.

Roadmap

Priorities for 2026 include expanding enterprise and B2B client acquisition, releasing local usage reward features to direct growth toward high-demand coverage zones, implementing RINEX data generation and archiving for professional-grade geodetic workflows, and rolling out enhanced AI fraud detection funded by the ESA grant.