In an era where data is dubbed the new oil, GeoDB is revolutionizing the $620 billion combined Big Data and AI industry. By building a transparent, decentralized ecosystem, GeoDB empowers individuals to regain control and monetize their data like never before. Our innovative approach, soon transitioning to the ODIN Chain, ensures that users are rewarded for the data they generate, transforming their digital footprint into tangible rewards. Join our thriving community and take control of your data’s value with Wallace Wallet. Ready to navigate the future of data? Keep reading to discover how GeoDB is democratizing data and paving the way for a more equitable digital landscape.

What is GeoDB?

GeoDB is a decentralized platform designed to democratize the Big Data and AI industry by creating an open ecosystem where data generators can regain control and value from their data. The platform leverages blockchain technology to ensure transparency, security, and efficiency in data transactions. By eliminating intermediaries, GeoDB connects data uploaders directly with data buyers, ensuring that data generators are fairly compensated for their contributions.

The Problem GeoDB Aims to Solve

The traditional big data market is plagued by inefficiencies and dominated by intermediaries who control the flow of data and reap the majority of the profits. Less than 10% of the $260 billion market is currently being exploited due to these inefficiencies. GeoDB aims to democratize this market by providing a decentralized peer-to-peer model that makes data affordable and accessible to everyone. This model ensures high trust in data sources through blockchain technology and provides a fast and efficient buying process for data buyers.

The GeoDB Ecosystem

The GeoDB ecosystem is composed of several key components that work together to create a seamless and efficient data-sharing platform. These components include:

Wallace Wallet

Wallace Wallet is a multi-chain wallet that supports various blockchain networks, including Bitcoin, Cosmos, Ethereum, and BSC. It allows users to store, manage, and trade their GEO tokens securely. The wallet also enables users to earn rewards for the data they generate, making it an integral part of the GeoDB ecosystem.

Dataverse

Dataverse is a multifunctional decentralized application (DAPP) and crypto wallet that allows users to get rewards for the generated data and use various DeFi tools in a user-friendly interface. It serves as a bridge between data generators and data buyers, facilitating seamless data transactions within the GeoDB ecosystem.

GeoDB Marketplace

The GeoDB marketplace is a platform where data buyers around the world can purchase user-generated data from applications connected to GeoDB. This marketplace ensures that data buyers have access to affordable and high-quality data while providing data generators with a fair compensation for their contributions.

Data Generating Apps

GeoDB has developed several data-generating apps that allow users to share their data and earn rewards in the form of GEO tokens. These apps are designed to be user-friendly and provide a seamless experience for data generators.

The GeoDB Crypto Token (GEO)

The GeoDB crypto token, also known as GEO, is the native utility token of the GeoDB platform. It serves as the primary means of exchange within the platform, enabling users to trade GEO tokens for real-world currency or use them to purchase goods and services within the same application they obtained. The token also serves as a reward mechanism for users who share their data, providing them with direct compensation for their contributions.

Unique Features of the GEO Token

One of the unique features of the GEO token is its data monetization model. Users are incentivized to share their location data by receiving GEO tokens as a reward, which can be traded for real-world currency or used to purchase goods and services within the platform. This model aims to democratize the big data market and open the door to 90% of the not-yet-exploited data sharing market by directly compensating data uploaders and making data affordable to everyone due to the decentralized peer-to-peer model.

Another unique feature of the GEO token is its use within the GeoDB ecosystem. The token is used as a reward mechanism for DAPP users and is a key part of the ecosystem, representing data value accumulated in the GeoDB ecosystem.

Tokenomics and Distribution Model

The GeoDB crypto token has a total supply of 1 billion tokens, with each wallet adhering to its own unlocking schedule. The token supply is divided among various stakeholders, including miners, the ecosystem, the team, investors, vendors, and public sale participants. The distribution model is as follows:

• Mining: 50% of the total supply is allocated to miners who earn GEO tokens via mining. The rewards halve annually on June 30th, with early participation having greater rewards.
• Ecosystem: 10% of the total supply is allocated to the GeoDB ecosystem, which includes various components such as Data Sources, Validators, Data Customers, and the GEO Token.
• Team: 10% of the total supply is allocated to the GeoDB team, which will undergo a multi-year unlocking process.
• Investor: 10% of the total supply is allocated to GeoDB's investors, which is part of the token sale and will also undergo a multi-year unlocking process.
• Vendor/Marketing: 5% of the total supply is allocated to vendors and marketing efforts.
• Public Sale: 5% of the total supply is allocated to public sale participants.

Vesting Periods and Lock-Ups

The GeoDB token distribution model includes vesting periods and lock-ups to ensure the stability and longevity of the project. Mined tokens are unlocked and distributed to miners daily, while allocations to the team, investors, and ecosystem undergo a multi-year unlocking process. This ensures that the tokens are released gradually and helps prevent market manipulation.

The Team Behind GeoDB

The GeoDB project is backed by a team of experienced professionals with a strong background in blockchain technology, data management, and business development. The core team members include:

• Jesús M. Lacoste: Co-founder and CEO of GeoDB, Jesús holds a degree in Computer Science and has extensive experience in the blockchain and data industries. He has previously worked as a Senior Software Engineer and Technical Lead at several companies, including IBM and Telefónica.
• Juan Manuel Pérez: Co-founder and CTO of GeoDB, Juan Manuel is a seasoned software engineer with a strong background in blockchain development. He has worked on various blockchain projects, including the development of smart contracts and decentralized applications.
• José Antonio Bravo: Co-founder and COO of GeoDB, José Antonio is a business strategist with a strong background in data analytics and business development. He has previously worked as a Senior Consultant at Deloitte and has extensive experience in the data industry.
• David Martínez: CMO of GeoDB, David is a marketing expert with a strong background in digital marketing and branding. He has previously worked as a Marketing Director at several companies, including Telefónica and BBVA.
• Javier Martín: CFO of GeoDB, Javier is a financial expert with a strong background in finance and accounting. He has previously worked as a Financial Analyst at several companies, including KPMG and PwC.
• José Manuel Fernández: CIO of GeoDB, José Manuel is a data scientist with a strong background in data analytics and machine learning