With GRASS waking up with more clarity around its financials, I was taking another look around the DePIN sector. GEODNET caught my eye because there’s a business here that’s fairly easy to understand, a nice chart that’s made several daily volume ATHs recently, and already a clear link between people using the network and demand for the token (what some of the other tokens needed to finally take off).
What are people actually paying to use?
GEODNET helps things like drones, farm machinery and surveying equipment pinpoint their location more accurately. Two ideas worth understanding:
- GNSS or Global Navigation Satellite System, the umbrella term for satellite navigation systems like GPS. Ordinary positioning with GPS can be a few meters off, which is problematic when