Episode Details

Why GPS Needs Crypto to Evolve | Mike & Christopher, GEODNET
7/5/2024
Empire β†—

Key Insights

Bullish:

  • 🟒 $$GEONET - Discussing the potential of GeoNet's network expansion, partnerships, and tokenomics.
    • β€œGeoNet is really leading the way to get a dense, fully modernized network in the United States very quickly.” - Mike (0:00)
    • β€œWe're approaching full coverage in the United States, and we're basically there in the EU.” - Mike (0:00)
    • β€œYou have an incredible founder with a growing TAM and, like, real, real utility. That that's something that I think is really interesting.” - Chris (0:00)
    • β€œWe have pretty much end to end coverage of the continent, and we're starting to turn our focus more and more to the developing world where there is no infrastructure at all today.” - Mike (0:00)
    • β€œWhen I go to them and I say, hey, guys. I have something that's gonna help your farmers. The reception that you get is profound because everyone wants to help farmers.” - Chris (0:00)
    • β€œWe have exceeded the number of people sort of signing enterprise deals to use the network than we thought we could possibly do.” - Mike (0:00)
    • β€œWe have a lot of different, you know, consumer electronics partners now, both at the chipset level and at the device level who are working with Geonet.” - Mike (0:00)πŸ”’
    • β€œWe're looking to get to over 10,000 by the end of the year as a goal, and 20,000 will provide, I think, very robust coverage for the developing world and a lot of the, I mean, for the developed world and for a reasonable part of the developing world.” - Mike (0:00)πŸ”’
    • β€œThe second piece is the web 3 side, and I think definitely there we've, learned from the tokenomics. We are really incentivizing building a high quality network.” - Mike (0:00)πŸ”’
    • β€œWe have tokenomics that, you know, reward, first mover advantage like the location NFT. So the scarcity encourages people to get installations in early and get them done correctly, but then prevents too much token emissions.” - Mike (0:00)πŸ”’
    • β€œWe have an annual halving. It's coming up on June 30th. So that is the network growth. Again, we're controlling that emissions to, you know, be something that long term is is scarce.” - Mike (0:00)πŸ”’
    • β€œWe have a webinar sponsored by GPS World and GeoNet, next week, June 27th, and it'll and talk about this exact topic, the the fusion of high precision, inertial navigation, GPS, and lidar together for autonomous applications.” - Mike (0:00)πŸ”’

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