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Geon (GEON)

ICO starts
31.01.2019 00:00
ICO ends
31.03.2019 23:50
Token
GEON
Base
Ethereum
Category
Business Services & Consulting
Country
Gibraltar
Leader

Features

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.

ICO Details

Token Sales

Price in ICO: 1 GEON = 0.1 USD

Min. investment: 0.1 ETH
Hard cap: 35,198,557 USD
Tokens for sale: 850,000,000

Token

Restricted areas: United States of America, Afghanistan, Bosnia and Herzegovina, Central African Republic, Cuba, Democratic Republic of the Congo, Democratic People's Republic of Korea, Eritrea, Ethiopia, Guinea-Bissau, Guyana, Iran, Iraq, Libya, Lebanon, Pakistan, Serbia, Somalia, South Sudan, Sudan, Sri Lanka, Syria, Trinidad, Tunisia, Uganda, Vanuatu, Yemen. People's Republic of China or an entity formed under the laws of the People's Republic of China

Token distribution:
47% Public Contributors
29% Seed and institutionalv
12% Founders, current and future employees, advisors
12% Company reserve

Funds allocation:
36% Product Marketing
34% Product Development
26% HQ & Global Operation
4% Legal & Accounting

Bonuses

PRESALE 15 Oct - 22 Oct Up to 50% discount

Accepts

ETH, BTC, Fiat

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