GeoDB is proud to announce our new partnership with FLETA.
Geodb plans to help the integration process to build a Geodata reward system for FLETA and its DApps. This will boost data being provided to the GeoDB data ecosystem & FLETA DApp owners to incentivize their users to provide this anonymous data.
FLETA is also under discussion to join as one of the founding partners of Geodb’s ODIN (Open Data Interoperable Network) Odinprotocol.io.
GeoDB already has 250k+ users across 100+ countries and plans to expand the ecosystem much more in 2021.
Luis Gelado Crespo, CEO of GeoDB, said, “This alliance is one more example of how the connection of networks in the decentralized world can create value for all its participants. This agreement with FLETA allows us to approach a vision in which information flows in a free and fast way, enriching industries and data generators, the users. We can’t wait to start working with FLETA’s team.” …
New events are coming up and it is our duty to keep you informed. The cornerstone of every blockchain project should be an active and enthusiastic community. From GeoDB, we want to convey that our priority is to establish a strong and trustworthy bond with you.
We will be issuing the first round of rewards on the Ethereum mainnet soon. Until now, GeoCash has been operating on a separate network, emulating the characteristics of a real but controlled environment. This means that the balances shown in the application were not reflected in the main Ethereum network. …
2020 was very successful for GeoDB. We have achieved significant community growth, onboarded thousands of new investors, and more than a hundred thousand GeoCash users.
It all brings a solid validation for the main value proposition of GeoDB, where users are rewarded for the data they generate. We have also been watching the changes in the big data and blockchain industries. Many exciting areas started to show substantial growth and demand from the industry, such as DeFi, DAOs, blockchain oracles, decentralization of resources, and various solutions towards data privacy.
Considering the current and projecting the future changes, GeoDB has done significant work on improving the current vision. Very soon, we will announce a new big brunch (or even a wave) of our development towards true decentralization, more openness, and more automation to execute our goal of becoming the most valuable and efficient data exchange network on the market. …
We are pleased to announce that we are now beginning phase one of the swap process.
Those of you who have kept up with the last few articles will be aware of the upcoming process and the exchange ratio.
For a complete idea of exactly what this means, check out the two articles below:
The first step is to ensure that the relevant wallets get rewarded. This means running a blacklisting process.
Our big data team is still in the process of identifying and analyzing these wallets. GeoDino Bot will notify you if any of the wallets you registered become blacklisted after December 23rd. …
During recent months GeoDB has shown significant progress generating key traction metrics. The amount of GeoCash downloads has reached over 200.000, with more than 125,000 being monthly active users, and more than 1.4 billion data points have been generated. Besides the growth of absolute metrics numbers, GeoDB has grown its international diversity. Our community is now spread all over the world and supported in 20 languages.
A website will be deployed where you will be able to exchange your Testnet tokens to the tradable GEOs. This website will allow you to connect your Metamask browser extension or your mobile wallet through WalletConnect. There you will make a transaction to claim your tokens in the Ethereum Mainnet. After this transaction is confirmed, you will have full custody of your tokens. Be sure to have some $ETH loaded into your wallet so that you can pay for your transaction. The interface will be fairly simple, ala Uniswap UNI tokens distribution.
The amount of tokens that you will receive depends on 2…
GeoDB is getting close to deploying GeoCash on the Mainnet. The coming of the Mainnet includes a swap from GeoCash Testnet tokens to erc20 tradable $GEO Tokens. Our community continues to grow, and we see constant engagement within GeoDB social media channels. With thousands of Geocash wallets given a chance to convert to Mainnet, we now have the opportunity to add a large number of new $GEO token holders!
To keep everyone up to date on what’s happening with the Mainnet launch, token swap, and distribution, the team will be compiling all information into several short articles.
Token swaps are never easy; however, we have tried our best to simplify this as much as possible. While this proposal may be attractive for many of you, not everyone will be able to swap their tokens to the Mainnet immediately without considerable guidance. Hence, We will also provide ample time for the community to understand how the conversion will look. …
As we had already announced in our social media official channels, GeoDB is coming back to Seedrs to take advantage of the Future Fund funding opportunity in the UK. This top-up round will allow us to push our mission forward no matter what happens in the world during the next 24 months.
Our early-access pre-registration web is now available. Follow the link to get priority access:
With the recent growth of new Ethereum based protocols in DeFi, we’re seeing an exploding trend of users being able to share in the upside of the protocol’s growth. One of the initiatives turning a lot of heads is Yield Farming, specifically on Uniswap. Uniswap is a fully decentralised protocol for automated liquidity provision on Ethereum. Follow this step by step guide to start yield farming GEO!
(In case you find any difficulties, please follow googles guide to do it here )
2. Install Metamask
To complete transactions you will need to buy or transfer ETH to your Metamask account. Metamask itself gives you an option to buy ETH directly within a platform, however, everyone has their preferred method according to the country they are in. …
In the previous post, we introduced the GEO-ETH liquidity pool in Uniswap. Now it is time to share new updates on our Defi strategy. As you may know, we are developing a Defi mission and strategy into GeoDB’s scheme that will allow us to:
So, what are our new developments? Since we launched our Uniswap Liquidity Pool, we have been building a mechanism to incentivize the provision of liquidity for $GEO tokens which intrinsically incentivizes holding $GEO against dumping and acts as a force that pushes the $GEO price up. …