Deep Dive
1. Purpose and value
GNSS, or Global Navigation Satellite System, includes satellite navigation services such as GPS. GEODNET aims to make these signals more accurate by collecting real time information on how solar activity affects them. Its distributed ground stations contribute data used to calculate corrections. CoinMarketCap
2. How the network is used
The network provides correction data that can bring positioning accuracy to the centimeter level, beyond ordinary satellite positioning. This can help equipment that needs precise location data, including surveying tools, agricultural and construction machinery, and autonomous systems. The project also describes timing applications that could improve time accuracy. CoinMarketCap
3. What GEOD does
GEOD is the network’s utility token. It is used to pay for data services, reward operators who run stations, and vote on how network resources are allocated. In short, the token coordinates access, contributions, and some network decisions. CoinMarketCap
Conclusion
GEODNET is a decentralized geospatial data network, with GEOD supporting its services, station incentives, and governance. How effectively can its correction data serve the growing need for precise positioning?
