GEODNET Completes $1.5M Token Sale
The GEODNET Foundation has successfully completed a private token sale, raising $1.5 million. The investment was led by Borderless Capital’s EdgeFi Fund, with participation from IoTeX and angel investors.
Key Points:
– GEODNET is a leading commercial solution for Real-Time Kinematic (RTK) applications.
– The Global Earth Observation Decentralized Network (GEODNET) is the world’s largest decentralized Geo-Spatial Reference Network.
– GEODNET offers reliable centimeter location accuracy for applications such as drones, robotic vehicles, augmented reality, and IoT/mobile devices.
– Station owners are rewarded with GEOD tokens for setting up their own Satellite Miner.
– The investment will be used to strengthen the project, expand global coverage, and introduce a Mobile operating-system Software Development Kit.
Borderless Capital’s Álvaro Gracia believes that GEODNET’s DePIN networks provide high-value, revenue-generating solutions. GEODNET’s unique combination of AI, IoT, and blockchain technology is set to revolutionize mobile applications.
In conclusion, GEODNET’s completion of a successful token sale demonstrates the growing recognition of its global network as a leading solution for RTK applications. The investment will support the project’s expansion and further development of its decentralized Geo-Spatial Reference Network. This marks a significant milestone for GEODNET and highlights its potential to transform various industries with its innovative technology.
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