Geon initial coin offering (ICO)

Geon Network - Expand Reality



Geon Network is a service that allows you to create virtual objects(Geons) located anywhere in the world. You can deposit funds (Geon Coins) in Geons, which can be withdrawn by anyone nearby. In order to withdraw, users need to complete the tasks defined by the Geon creator.

0
1 1 expert ratings
4.5
0
0
0
View rating distribution
Starts in 6 months ago
2019-01-31 - 2019-03-31
Token
GEON
Type
ERC20
Price in ICO
1 GEON = 0.1 USD
Platform
Accepting
Hard cap
35,198,557 USD
Raised
0
ICO start
Jan 31, 2019
ICO end
Mar 31, 2019
More on ICO
Report

About Geon ICO

Similar to existing cryptocurrencies, the Geon Network enables value transfer between individuals. However, the unique innovation of the Geon Network is that the recipient does not have to have an address stored on the blockchain in order to receive funds. Instead, the recipient simply provides proof-of-location, in order to validate any transaction on the network.

The goals of the project intend to tackle the issues described in the previous section: Ease of use Geon enables frictionless transfer of value between users of the network based on their geolocation. Users can re1 Global Geons do not have that restriction. See the section titled ‘Geon types’ for details. and acknowledging a notification on their mobile device. This results in a low bar for participation and should accelerate adoption across all types of users. ceive funds without having to generate and store a cryptocurrency wallet or mine a cryptocurrency the traditional way, computing a proof-of-work. The user simply agrees to the transfer by being present at a specific location.

Efficiency In the Geon Network, many users can transact, or ‘geomine’, at a given location. The system will optimize geomining requests on the underlying blockchain to enable hundreds of thousands of transactions per second globally (please see section titled Transaction Throughput below). The transfer of value is implemented with Geons – virtual beacons planted in specific geolocations – which hold Geon Coins. Users can acquire the coins either by converting fiat or crypto currency, or through the process called geomining, during which the coins are transferred to an auto-generated wallet on the user device. Geon Coins can also be transferred between Geon Network users without limit. To participate, the only requirement is that the recipient owns and carries a mobile device connected to the internet (see section titled The Recipient Device for details), e.g. a smart phone. 

The Geon Network is built on smart contracts, which govern the geomining rules and execute transactions. It is important to note, that the platform allows for instant transfer of value to any place in the world without the need to specify the recipient’s address, as would be the case with traditional cryptocurrencies. Instead, the sender creates or identifies an existing Geon and transfers the funds to this beacon. The recipients use the Geon much like a standard Automatic Teller Machine (ATM), but with additional attributes. The Geon can drive people to certain locations and motivate certain actions (via affinity or entertainment) that provides value to the sender. 

Geon reviews

PlumBot
ICO Analyzer Bot
Rated on Oct 7, 2018
0
0
0
100%

Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.

Ratings and ICO analyzer results are being updated (re-calculated) every few hours.

Geon ICO price

Price in ICO

1 GEON = 0.1 USD

Geon (GEON) crypto

Geon coin

Geon token
GEON
Geon type
ERC20
Geon platform

Geon (GEON) value

Tokens for sale
850000000

Geon investment info

Accepting
Min. investment
0.1 ETH
Distributed in ICO
47%
Hard cap
35,198,557 USD

Geon whitepaper

Geon team

Apply as an advisor

Robert Radek

Chief Executive Officer

Maciej Rynarzewski

Chief Product Officer

Aleksander Debski

Chief Operating Officer

Geon milestones

1
2017 December

WePower idea

2
2018 July

WePower idea

3
2018 June

WePower idea

4
2018 March

WePower idea

5
2018 October

WePower idea

6
2018 October

WePower idea

7
2018 October

WePower idea

8
2018 September

WePower idea

ICOs that might interest you

Smart Blockchain POS Machine, Cryptocurrency Offline Payment Portal.

Nov 4, 2018
Software
3.3

The web and mobile development platform on blockchain.

Aug 19, 2019

A decentralized platform for smart contracts and escrow services that will safeguard buyers and s...

Aug 19, 2019

X Motion Pictures is a decentralized platform that runs XMP, a worldwide filmmaking currency thro...

Nov 2, 2018