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 Geon

Geon

Geon Network - Expand Reality

Website

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 You can deposit funds (Geon Coins) in Geons, which can be withdrawn by anyone nearby.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.


About Geon

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. 

The Team

Robert Radek

Chief Executive Officer

Maciej Rynarzewski

Chief Product Officer

Aleksander Debski

Chief Operating Officer

Peter Budkowski

Blockchain Architect

Jakub Czekanski

Android Developer

Maciej Sikorski

IT Tester

Michal Mach

Backend Developer

Boguslaw Zajac

Backend Developer

Pawel Sliwa

UX/UI Designer

Konrad Faltyn

iOS Developer

Tomasz Skret

DevOps

Stephen Hart

Head of Partnerships

Michal Puchalak

Content & Marketing Manager

Joanna Rynarzewska

Investor Relations Associate

Maciej Gasowski

Business Researcher

Gary Schwartz

Marketing Advisor

Hosam Mazawi

ICO Advisor

Robert Ruszala

Development Advisor

Remigio Bongulielmi

Product Development Advisor

Piotr Smolen

Business Advisor

Wojciech Guzda

Marketing Advisor

Guy Corem

Blockchain Advisor

Dalibor Jokic

Legal & Compliance Advisor

Financials

Token Info

Type
ERC20
Price in ICO
1 GEON = 0.1 USD
Tokens for sale
850,000,000

Investment Info

Min. investment
0.1 ETH
Distributed in ICO
47%

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