The Investment Company in Multicoin Crypto leads to a purchase of $ 8 million in Geod tokens, a major capital injection into the Crypto project, building a hyper-preccimate alternative to GPS.
Geodnet is from the Crypto Buzzy Depoline wing, which financially encourages ordinary people to host their physical infrastructure. The project token (its incentive mechanism) has more than doubled in the past 12 months in the middle of the scorching request for Geodnet’s services.
The GPS satellites that indicate to your phone how good you are in the next intersection for a road in town. This is not the case for the user base of Geodnet of agricultural drones and industrial robots, said the Mike Horton project project. They need location data “to the size of a golf ball”.
Nearly 14,000 basic stations provide location data in terms of centimeters to Geodnet customers, many of whom are unconscious of their cryptographic incentives: anyone performing a base station of $ 700 wins new Geod tokens, a model that moves The normally astronomical cost of the deployment of business equipment.
“Because of a backdrop, we were able to evolve this crazy thing quickly,” said Horton. “We have built in two years on which industry has been working for 20 years, and we now have twice as many stations as anyone.”
Geodnet de Geodnet de Multicoin’s cheap geospatial network will help facilitate the explosive growth of technologies that need precise location data, in particular robots: autonomous vehicles, delivery drones, autonomous agricultural equipment.
“For these robots to work, they must answer a fundamental question: Where am I?, Written the multi -poin investment partner Shayon Sengpta in a position article.
Geodnet’s existing customers feed more than $ 3 million in annual recurring income, Horton said. It targets growth in 2025 in India and South America, especially in the agricultural sector.
Investors call for fundraising a “strategic” investment in which they bought Geod tokens directly from the Geodnet Foundation, the entity behind the network. Geodnet raised the capital for the last time in April 2024 from Coinfund, Pantera and Vaneck.
“We collect money to really focus on robots and drones,” said Horton.
