Random post on solana:7JA5eZdCzztSfQbJvS8aVVxMFfd81Rs9VvwnocV1mKHu inspired by my conversation with @meta_rylan : TLDR: the tokenomics are sturdier than most other protocols, and it's pretty lowkey... Geodnet is a DePIN protocol that uses a network of reference stations to provide super precise location data Like when you use Maps on your phone and you start drifting when your signal gets spotty - this helps with that GEOD gets issued in payouts out to station operators. 80% of revenue gets used for buybacks and burns - pretty typical value accrual mechanism... Burns run at about 39M GEOD a year while the network issues 19M to 24M, leaving net deflation near ~3-4% percent of float. 78% supply unlocked so far of a max of 1B tokens, and unlocks fade until 2030. Above roughly 37 to 47 cents, the same revenue buys fewer coins than the protocol hands out, and deflation flips into inflation. At today's 23 cents there's plenty of headroom though. Revenue - and holders' share - has been pretty strong over the past couple years. One to keep on the watchlist.

Having contributed to @eigenlabs’ and watched incredible progress on I’ve fallen in love with everything from this team. This announcement is amazing. Bring it any problem to an open network of solvers aimed at cracking code and pushing the frontier. Anyone can contribute, just point the harness at it. All that’s left is to provide incentives for people to contribute compute. Open frontier research is the future.