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Geon Network

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Geon Network is a service that allows users to create virtual objects (Geons) located anywhere in the world.

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Overview

Project industryOther
Product typeTechnology
FoundedGibraltar
WhitepaperGeon Network White Paper Open

What is Geon Network

Broad adoption of cryptocurrencies is hampered by many factors including a steep learning curve for end-users and low transaction throughput. In this paper we propose a solution, called Geon Network, which addresses some of these issues by providing an innovative, intuitive user experience and improved efficiency. The Geon Network is built on top of a new generation blockchain and adds a thin service layer responsible for transaction optimization and batching. In addition, we introduce a new concept called geomining, which is based on proof-of-location and allows users to ‘mine’ a cryptocurrency based on their geolocation, rather than using expensive mining equipment.

Geon is a virtual beacon placed either in a specific location on Earth or bound to another Geon or a mobile device (e.g. a smartphone or a wearable). Geons can be discovered via the Geon App – a client application that runs on a smartphone. Geons can hold Geon Coins, which can be mined using the Geon App. An ATM is a good analogy here – it holds cash, which users can withdraw when they physically locate and operate the ATM. Geons are used in the same fashion – users identify a Geon, either using their phone app or via a link shared by another user. If necessary, they travel, and once within the Geon range, they start mining coins stored in that Geon. This process is called geomining.

Any user can create a Geon and place it at any location on Earth. There is also a special type of Geon, which is not bound to a specific location, called Global Geon. Users can geomine coins stored in this type of Geon from anywhere in the world, but usually they will need to provide additional information required by the Geon creator (like fill in a survey or solve a puzzle). We expect Global Geons to be used by various companies to perform tasks important for their business, e.g. market research. There will be a limited number of Global Geons. Geons can hold arbitrary amounts of coins. They can be topped up at any time or removed entirely.

The Geon creator can customize a Geon in many ways, which allows for multifarious use cases. Apart from basic properties, like name and location, Geons can have the following features:

  • specialized visualizations, which will be viewed by the miners before and during geomining,
  • custom geomining policy (mining rate, limits per user, etc.),
  • Geon type (stationary, mobile, global),
  • social engagement, i.e. in-app comments and user-to-user communication, all associated with a specific Geon.
  • Some of these will be paid features. Please see the Technology section below for more details on Geon and geomining properties.

    Geon is an Augmented Reality application. When in range, miners will be able to use their smartphones to see the visual representation of the Geon within the context of its surroundings. Custom imagery (still or moving) will be superimposed on the user’s view of the real world at the Geon location (either on the Geon itself or within a certain range). This feature will be useful for branding or promotional campaigns

    In summary, Geons can be viewed as virtual Automatic Teller Machines that can be customized to engage users in ways that have not been previously seen in the market. Geomining is the mechanism that allows users to be rewarded for their presence and engagement at a specific location.

    Technology

    Geon Network requires the following two participants in the system: the sender and the recipient. The transfer is made possible through geomining, which occurs when the recipient’s geographic location meets the criteria specified by the sender. The sender defines the criteria by creating a Geon – a virtual beacon whose coordinates map to a physical location on Earth – and loading the Geon with funds. Once the recipient moves in the Geon’s vicinity, they receive the funds.

    The sender can be an individual or a commercial/legal entity (e.g. a company or charity). Recipients are usually individuals who are incentivized to seek out and travel to Geons to participate in geomining. Geominers receive Geon tokens when in specific geolocation.

    Details

    Pre-sales: Jun 01, 2018 - Oct 14, 2018
    Public sales: Jan 31, 2019 - Mar 31, 2019
    Token supply: 850,000,000 GEON
    Total tokens for sale: 397,500,000 GEON
    Hard cap: 35,198,557 USD

    Legal

    Country limitations: United States of America, Afghanistan, Bosnia and Herzegovina, Central African Republic, Cuba,
    Democratic Republic of the Congo, Democratic People's Republic of Korea, Eritrea, Ethiopia, Guinea-Bissau, Guyana,
    Iran, Iraq, Libya, Lebanon, Pakistan, Serbia, Somalia,
    South Sudan, Sudan, Sri Lanka, Syria, Trinidad, Tunisia, Uganda, Vanuatu, Yemen,
    People's Republic of China or an entity formed under the laws of the People's Republic of China.
    Registration country: Gibraltar
    Office address: 6.20 World Trade Center, 6 Bayside Road, GX11 1AA, Gibraltar

    Token info

    Ticker: GEON
    Type: Cryptocurrency
    Token price in USD: 1 GEON = 0.1 USD
    Accepted currencies: ETH, BTC, Fiat
    Bonus program:
    PRESALE 15 Oct - 22 Oct Up to 50% discount
    Token distribution:
    47% Public Contributors
    29% Seed and institutionalv
    12% Founders, current and future employees, advisors
    12% Company reserve
    Funds allocation:
    36% Product Marketing
    34% Product Development
    26% HQ & Global Operation
    4% Legal & Accounting

    Geon Network Roadmap

    1
    2017 December

    Software Development Start

    2
    2018 March

    MVP on iPhone

    3
    2018 June

    Start of the Private Sale

    4
    2018 July

    Closed 1 st round of Private Sale

    5
    2018 September

    Alpha App release on App Store (for iOS) and Google Play (for Android)

    6
    2018 October

    Start of Pre-Sale

    7
    2018 October

    Start of Public Sale

    8
    2018 October

    Start of Public Sale

    Project team

    Robert Radek
    Robert Radek
    Chief Executive Officer
    Robert Radek linkedin
    Maciej Rynarzewski
    Maciej Rynarzewski
    Chief Product Officer
    Maciej Rynarzewski linkedin
    Aleksander Debski
    Aleksander Debski
    Chief Operating Officer
    Aleksander Debski linkedin
    Peter Budkowski
    Peter Budkowski
    Blockchain Architect
    Peter Budkowski linkedin
    Jakub Czekanski
    Jakub Czekanski
    Android Developer
    Jakub Czekanski linkedin
    Maciej Sikorski
    Maciej Sikorski
    IT Tester
    Maciej Sikorski linkedin
    Michal Mach
    Michal Mach
    Backend Developer
    Michal Mach linkedin
    Boguslaw Zajac
    Boguslaw Zajac
    Backend Developer
    Boguslaw Zajac linkedin
    Pawel Sliwa
    Pawel Sliwa
    UX/UI Designer
    Pawel Sliwa linkedin
    Konrad Piekos
    Konrad Piekos
    iOS Developer
    Konrad Piekos linkedin
    Tomasz Skret
    Tomasz Skret
    DevOps
    Tomasz Skret linkedin
    Stephen Hart
    Stephen Hart
    Head of Partnerships
    Stephen Hart linkedin
    Michal Puchalak
    Michal Puchalak
    Content & Marketing Manager
    Michal Puchalak linkedin
    Joanna Rynarzewska
    Joanna Rynarzewska
    Investor Relations Associate
    Joanna Rynarzewska linkedin
    Maciej Gasowski
    Maciej Gasowski
    Business Researcher
    Maciej Gasowski linkedin

    Advisors

    Dalibor Jokic
    Dalibor Jokic
    Legal & Compliance Advisor
    Dalibor Jokic linkedin
    Hosam Mazawi
    Hosam Mazawi
    ICO Advisor
    Hosam Mazawi linkedin
    Robert Ruszala
    Robert Ruszala
    Development Advisor
    Robert Ruszala linkedin
    Remigio Bongulielmi
    Remigio Bongulielmi
    Product Development Advisor
    Remigio Bongulielmi linkedin
    Piotr Smolen
    Piotr Smolen
    Business Advisor
    Piotr Smolen linkedin
    Wojciech Guzda
    Wojciech Guzda
    Marketing Advisor
    Guy Corem
    Guy Corem
    Blockchain Advisor
    Guy Corem linkedin
    Gary Schwartz
    Gary Schwartz
    Marketing Advisor
    Gary Schwartz linkedin

    Social media

    Geon Network web-siteGeon Network RedditGeon Network MediumGeon NetworkYouTubeGeon Network TelegramGeon Network BTCTalkGeon Network LinkedInGeon Network TwitterGeon Network FacebookGeon Network Github

    MVP

    MVP URLApp storeGoogle Play

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