Description
GeoCoin ($GEO) combines the excitement of geocaching with the innovation of blockchain technology, allowing users to earn digital currency through a geolocation-based treasure hunting game. By integrating with a Proof of Location protocol on the Ethereum network, GeoCoin offers a unique method of earning by requiring users to physically travel and claim GEO tokens via a mobile app, promoting outdoor activity and exploration. Initially launched on the Ethereum platform, GeoCoin has since migrated to become an ERC20 token on the Ubiq Network, with the migration and snapshot of balances taking place in January 2018 at block # 1568125. The GEO tokens are tradeable on exchanges like Bittrex and Cryptopia, with a total supply capped at 4,000,000 GEO. The project aims to distribute the remaining GEO supply, specifically 598,875 GEO, through Proof of Location drops on the app at a rate of approximately 50,000 GEO per year, further engaging the community in the interactive and practical aspects of cryptocurrency. This merging of physical exploration with digital currency rewards exemplifies a novel, practical application within the web3 and blockchain ecosystem, enhancing user engagemen...
GeoCoin ($GEO) combines the excitement of geocaching with the innovation of blockchain technology, allowing users to earn digital currency through a geolocation-based treasure hunting game. By integrating with a Proof of Location protocol on the Ethereum network, GeoCoin offers a unique method of earning by requiring users to physically travel and claim GEO tokens via a mobile app, promoting outdoor activity and exploration. Initially launched on the Ethereum platform, GeoCoin has since migrated to become an ERC20 token on the Ubiq Network, with the migration and snapshot of balances taking place in January 2018 at block # 1568125. The GEO tokens are tradeable on exchanges like Bittrex and Cryptopia, with a total supply capped at 4,000,000 GEO. The project aims to distribute the remaining GEO supply, specifically 598,875 GEO, through Proof of Location drops on the app at a rate of approximately 50,000 GEO per year, further engaging the community in the interactive and practical aspects of cryptocurrency. This merging of physical exploration with digital currency rewards exemplifies a novel, practical application within the web3 and blockchain ecosystem, enhancing user engagemen...
