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Geon Network ICO

Past ICO
Jan 31, 2019 – Mar 31, 2019

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

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Geon Network ICO ratings

ICOrating.com Geon Network ICO icorating
Hype score Very Low
Risk score High
Investment rating NA
ICObench.com Geon Network ICO icobench 4.4 / 5
ICOmarks.com Geon Network ICO icomarks 8.8 / 10
TrackICO.io Geon Network ICO trackico 4.4 / 5
ICOholder.com Geon Network ICO icoholder 4.3 / 5
Our rating
8.8
Claim admin rights for this ICO

Overview

Project industry Other
Product type Technology
Founded Gibraltar

Features

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.

    ICO Details

    ICO token supply: 850,000,000 GEON
    Total tokens for sale: 397,500,000 GEON
    Hard cap: 35,198,557 USD

    Legal

    ICO Platform: Ethereum
    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 ICO 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

    Chief Executive Officer in Geon Network ICO - 1
    Robert Radek
    Chief Executive Officer
    linkedin
    Chief Product Officer in Geon Network ICO - 2
    Maciej Rynarzewski
    Chief Product Officer
    linkedin
    Chief Operating Officer in Geon Network ICO - 3
    Aleksander Debski
    Chief Operating Officer
    linkedin
    Blockchain Architect in Geon Network ICO - 4
    Peter Budkowski
    Blockchain Architect
    linkedin
    Android Developer in Geon Network ICO - 5
    Jakub Czekanski
    Android Developer
    linkedin
    IT Tester in Geon Network ICO - 6
    Maciej Sikorski
    IT Tester
    linkedin
    Backend Developer in Geon Network ICO - 7
    Michal Mach
    Backend Developer
    linkedin
    Backend Developer in Geon Network ICO - 8
    Boguslaw Zajac
    Backend Developer
    linkedin
    UX/UI Designer in Geon Network ICO - 9
    Pawel Sliwa
    UX/UI Designer
    linkedin
    iOS Developer in Geon Network ICO - 10
    Konrad Piekos
    iOS Developer
    linkedin
    DevOps in Geon Network ICO - 11
    Tomasz Skret
    DevOps
    linkedin
    Head of Partnerships in Geon Network ICO - 12
    Stephen Hart
    Head of Partnerships
    linkedin
    Content & Marketing Manager in Geon Network ICO - 13
    Michal Puchalak
    Content & Marketing Manager
    linkedin
    Investor Relations Associate in Geon Network ICO - 14
    Joanna Rynarzewska
    Investor Relations Associate
    linkedin
    Business Researcher in Geon Network ICO - 15
    Maciej Gasowski
    Business Researcher
    linkedin

    Advisors

    Legal & Compliance Advisor in Geon Network ICO - 16
    Dalibor Jokic
    Legal & Compliance Advisor
    linkedin
    ICO Advisor in Geon Network ICO - 17
    Hosam Mazawi
    ICO Advisor
    linkedin
    Development Advisor in Geon Network ICO - 18
    Robert Ruszala
    Development Advisor
    linkedin
    Product Development Advisor in Geon Network ICO - 19
    Remigio Bongulielmi
    Product Development Advisor
    linkedin
    Business Advisor in Geon Network ICO - 20
    Piotr Smolen
    Business Advisor
    linkedin
    Marketing Advisor
 in Geon Network ICO - 21
    Wojciech Guzda
    Marketing Advisor
    Blockchain Advisor in Geon Network ICO - 22
    Guy Corem
    Blockchain Advisor
    linkedin
    Marketing Advisor in Geon Network ICO - 23
    Gary Schwartz
    Marketing Advisor
    linkedin

    Social media

    Web-site Reddit Medium YouTube Telegram btctalk LinkedIn Twitter Facebook github

    MVP

    MVP URL App store Google Play

    User rating:

    5/5 ( 1 )

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