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Cryptocurrency News Articles
GEODNET Expands its Footprint in India by Listing its GEOD Tokens on CoinDCX
Jun 11, 2025 at 02:06 pm
CoinDCX, India's largest crypto exchange, announces the listing of GEOD tokens on its platform.
CoinDCX, India’s leading cryptocurrency exchange, is listing GEOD tokens, a move that brings decentralized high-precision geospatial solutions one step closer to one of the world’s fastest-growing and most dynamic markets.
Founded by Mike Horton, GEODNET is introducing a decentralized network for providing real-time, low-cost, and highly accurate location data. As the company expands its footprint in India, it aims to address critical challenges and unlock new opportunities in sectors such as agriculture, infrastructure, mobility, and autonomous systems.
Expanding into India: A Market of Strategic Importance
“India's vast geography and population present a unique opportunity for geospatial innovation. With limited commercial Real-Time Kinematic (RTK) services currently available, and strong partner interest from firms like Quectel Wireless Solutions, we see immense potential to bring precise, decentralized geospatial services to urban and rural areas alike,” said Mike Horton, Founder of GEODNET.
India's National Geospatial Policy sets the stage for an exciting future with government efforts in both public and private sectors to build valuable infrastructure.
“At GEODNET, we are actively deploying our decentralized network to achieve broad coverage, especially reaching rural areas through token incentives and advanced deployment strategies like SuperHex for localized data needs.”
Driving Use Cases Across Industries
GEODNET's technology is poised to benefit several critical sectors:
* Surveying and Drones: Enabling accurate mapping and terrain modeling to support infrastructure and urban planning.
* Precision Agriculture: Helping farmers optimize resource use and increase crop yields through detailed geospatial data.
* Mobility Solutions: Facilitating autonomous driving technologies, including self-driving tractors, e-scooters, and rideshare fleets requiring precise navigation.
Aligning with India's National Geospatial Policy, GEODNET is actively working to build infrastructure that complements government efforts in both public and private sectors. The decentralized nature of GEODNET's network enables broad coverage, including rural areas, incentivized through token rewards and advanced deployment strategies like SuperHex to meet localized data demands.
Collaborations and Community Engagement
GEODNET is forging partnerships with drone companies, research institutes, and Web3 organizations to deepen its impact. The company's tokenomics model incentivizes contributors globally, with tailored rewards for Indian participants to encourage network growth.
“Our collaboration with CoinDCX and Levitate Labs has been instrumental.
Levitate Labs, a leading India-focused Web3 fund, has supported our expansion through community-building initiatives such as Onchain India, university programs, and support for emerging DePIN projects, helping us connect with India's vibrant blockchain ecosystem.”
How Indians Can Participate
Indian investors and technology enthusiasts can join the GEODNET journey by acquiring GEOD tokens on CoinDCX. This partnership underscores GEODNET's commitment to fostering decentralized, tokenized infrastructure that empowers India's digital and geospatial future.
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