SuperHex
What is SuperHex
The GEODNET Foundation is working with the community to build a worldwide, evenly distributed RTK network. Achieving even coverage requires deployment in less populated regions and some hard-to-reach locations. The GEODNET Foundation launched the SuperHex program to promote better coverage even in remote areas.
The GEODNET Foundation, together with current and potential customers, reviews a list of high value areas on the map requiring RTK base stations. These regions are then defined as a SuperHex. The SuperHex consists of 7 continuous subhexes in the current GEODNET network map. The Foundation makes these SuperHexes stakable. All community GEOD holders can stake on these SuperHexes. Afterwards, existing and future miners can deploy a Base Station in the SuperHexes to receive additional rewards.
The GEODNET Foundation has successfully launched both Phase I and Phase II SuperHex programs. Currently, the first newly deployed GNSS Base Station within an active SuperHex will receive rewards multiplied by up to 4x.
Comparison of SuperHex Phase I and Phase II:
| Comparison | Phase I | Phase II |
|---|---|---|
GEOD needed to activate SuperHex | 50,000 GEOD | 20,000 GEOD |
Number of SuperHex | 91 | Up to 500 |
Number of Spots with multiplier rewards | 3 | 1 |
Minimal GEOD stake | 2000 GEOD | 1000 GEOD |
Staked GEOD reward | 10% | 20% |
Max multiplier | Incremental up to 14x | Fixed 2x or 4x |
Launch date | Nov 2023 | Apr 2024 |
Staking Workflow
Key Steps of the staking process include:
GEODNET creates a SuperHex proposal and makes it available to stake.
All users can stake GEOD tokens to meet the minimal requirements (20,000 GEOD currently) within 90 days. The proposed SuperHex becomes active for station deployment.
Within 180 days, the initial station deployed in the designated SuperHex area will receive multiplier rewards for a duration of one year starting from the installation date of the station.
Stakers will get 20% percent bonus at the end of the 1-year period for staked GEOD tokens.
Note: If the initial station deployed in the SuperHex is offline for 7 days, it will lose its eligibility for multiplied rewards. The second station deployed will automatically qualify to claim the multiplied rewards.
States of SuperHex
A SuperHex can have three states:
Available for staking (Proposal): The GEODNET foundation creates a new proposed SuperHex location for the community to stake. Users connect their wallet to stake the available SuperHex. The minimum stake required is 1000 GEOD, with increments of 1000 GEOD thereafter.
Active: Once a SuperHex is fully staked, the color of SuperHex changes to blue. For each Active SuperHex, the console will clealy indicate whether the SuperHex has a 2X or 4X 1-year multiplier.
Anyone in the SuperHex region can then deploy a new Base Station in one of the 7 hexes and start to earn extra rewards! Most of the SuperHex reward is set to 2X the average miner reward. In some extremely valuable locations, the SuperHex reward can be up to 4x the average miner reward. At the end of 180 days, if no miner appears in a SuperHex, the SuperHex becomes No-show and the staked tokens are released back to the stakers without the Phase II 20% bonus.
Producing: The icon for the SuperHex will show a red check mark. The first deployed Base Station receives the multiplied rewards. Any following Base Station installed in the SuperHex will then receive the normal 1x reward. All subsequent stations are subject to regular rules such as overcrowding penalty, NFT protection, etc.
SuperHex State Change Diagram:
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