GeoDB is fundraising on Seedrs.com. Join the future of the big data market!
New crowdfunding campaign
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.
This high growth of GeoDB supporters resulted in hundreds of questions from new members regarding the opportunity to invest in GeoDB.
After having discussed these requests internally at a company’s board meeting Luis Gelado Crespo, the CEO of GeoDB, summarized the team’s decision: “From day one our mission has been to be a community-driven company and focus on bringing value to users”! This is something you could read in the very first presentations of GeoDB. We are also proud that GeoDB is a company mostly funded by our users. We currently have more than 2.000 investors from all over the world who have invested more than 4 million USD. Based on our new community members’ current high demand to become a part of GeoDB, we have decided to open such an opportunity through our trusted partners https://www.seedrs.com/. Seedrs is a reputable regulated UK crowdfunding platform, bringing high confidence levels for both — our investors & GeoDB. Initially, the next round was planned for the next year with a professional VC. This is why this crowd round has a convertible note, but with a 25% discount over the upcoming round valuation for our current investors. On top of a share in a company, investors traditionally get a GEO token bonus.”
More detailed information on the fundraising round conditions can be found on https://www.seedrs.com/geodb1. You are very welcome to ask your questions in the Seedrs forum, where Luis Gelado answers our investors’ key questions personally.
We consider this funding round an excellent opportunity because of the changes we see in decentralized technology & new markets for user-generated data. GeoDB is coming to a critical stage of switching the GEO token to the main net and launching a v1.0 of the data marketplace. We have big news coming in the next few weeks regarding a new product we will launch due to the growing demand for data from blockchain smart contracts developers.
A small hint: very soon, our community members will have a chance not only to provide data in exchange for a reward or invest in GeoDB but also to provide more contribution as nodes of the network and become a significant member participating in strategic decisions related to network organization.
This advancement will put GeoDB in a unique position to generate data for both — on-chain & off-chain markets. Besides the new market opportunity, GeoDB’s technology and infrastructure will become more decentralized, meaning that it will be more cost-efficient. Network participants will be collaborating with GeoDB to execute the operations and provide technological resources in exchange for the reward. Other areas of expected growth include connecting more applications to our network, focusing on development from the data demand side, growing our global community, and promoting GEO token, making it a liquid demanded crypto-asset representing GeoDB’s ecosystem data.
While we have been writing this post, the campaign has started, and as last time, the results are awe-inspiring. We are already overfunded, with nearly 2.200.000 GBP coming from more than 250 investors. The campaign will be live till 25.12.2020 unless we close it earlier.
Feel free to register on https://www.seedrs.com/geodb1 and join the future of the big data market with GeoDB!
With love, stay safe,
The GeoDB team.