Tokenomics
Token supply and unlock schedule
The total supply of GEOD token is 1 billion. Each wallet will adhere to its own unlocking schedule. Mined tokens will be unlocked and distributed to each miner daily. However, allocations to the team, investors, and ecosystem will undergo a multi-year unlocking process.
Below is the list of token address for each allocation:
Mining: 0xfa5fEd5cc2b6DD8F370651D17242C52Ed711B14F
Ecosystem: 0x3A6906E4239F9860C81035c54198Df58D892653b
Team: 0xca3E874Bc4e830796d822F529C29Df30302324b2
Investor: 0x486559899e96981DFE55C4E6EBF5101A76BfAdfa
Vendor/Marketing: 0x82146cf0f350c241757660fd803c73313b06d75c
Public sale: 0xcEcccB3ee2C208Fb58A5a02499E97D4BF041Ff6f
Earning GEOD Tokens
GEOD tokens are earned via mining. Base rewards halve annually on June 30th, so early participation will have greater rewards.
Base reward
The base reward is calculated based on the Base Station's effective online time. GEOD token is rewarded on a fixed rate starting at an initial 2 GEOD/hour. The base reward will be on a yearly halving process:
| Hourly rate | Yearly | Schedule |
|---|---|---|
2 | 17520 | July 2022 - June 2023 |
1 | 8760 | July 2023 - June 2024 |
0.5 | 4380 | July 2024 - June 2025 |
… | … | … |
Before July 2024, miners can receive up to 48 GEOD tokens/day for triple-band Base Stations with 2x multiplier incentive (24 GEOD tokens/day for dual-band Base Stations).
Actual reward
Actual reward may vary based on the data quality of the Base Stations. Actual reward is caulculated by mutiplying the base reward by the below network reward rules:
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