Geon Network accelerates its GEON ÐApp by teaming up with POA Network
Geon Network, a leader in Augmented Reality (AR)-enhanced location-based services, is partnering with POA Network to deliver a more robust, efficient, and secure Geomining experience.
Geon Network created the Geon App (iOS & Android) to allow users to get paid for visiting real-world locations. The concept is based on Geons — AR objects that can be placed anywhere in the world by consumers, businesses, non-profit organizations and others.
In the app, users search for a Geon nearby. If it is close enough, they can interact with it to earn Geon Coins (an in-app currency) through a process called Geomining. The longer they stay near the Geon, the more coins they can mine. The geomined coins can then be exchanged for various rewards at the Geon Store, or traded with other geominers. This model allows businesses to attract potential customers to their locations, get their attention and even challenge them to perform extra tasks.
Geons can store value in the form of Geon Coins or other digital assets (collectible or loyalty tokens will be added in the future). The value can be geomined and transferred among Geon Network users, or spent at the Geon Store. Additionally, Geon creators can set extra geomining rules. For instance, creators may want geominers to answer a question or complete a survey before receiving a reward.
Geon Network uses blockchain technology because they believe that no single entity or corporation should have control over their gaming processes. This allows the application to avoid censorship while maintaining transparency and ensuring permissionless access to Geons and Geomining.
On a blockchain, no one can be prevented from using the Geon DApp to create Geons or Geomine. More importantly, this model allows any user to access Geons via third party DApps that leverage the Geon smart contracts.
By using a blockchain, decentralized, immutable, and permissionless value transfers are enabled between all Geon Network users.
Why does Geon Network choose POA?
POA Network is an Ethereum-compatible blockchain which uses a unique consensus algorithm to provide significant benefits over alternative networks. Shorter block times result in faster transactions and less network congestion. The Geon coin is an ERC20 deployed directly to the POA Network, which allows for fast and efficient processing of all Geomining requests.
POA Network’s user wallets behave exactly the same as other Ethereum based wallets, where one public address and private key can be used across networks. This will allow the Geon Network to leverage multi-network compatibility in the future. Geon is committed to offering a simple, frictionless user experience, and POA Network provides the infrastructure to make this an (augmented) reality!
About Geon Network
Geon Network Ltd., a Gibraltar-based company, is building the Geon App and the ecosystem around it, including the recently announced Geon Store. The app provides location-based incentives. It rewards users for physical presence and other activities at real-world locations — a tool that may be invaluable for businesses aiming to use new technologies to promote their brand and draw more customers to their venues. It has reached a major milestone in February 2019 with over 30,000 user downloads, just over three months after the initial alpha release on October 27, 2018.
Download the Geon App and learn more about the Geon Network at https://www.geon.network.
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Medium — https://medium.com/@geon
Telegram — @geon_network
About POA Network
POA Network is an Ethereum-based sidechain that offers an open-source framework for smart contracts and solves scalability, affordability, and interoperability issues. Using a Proof-of-Authority consensus mechanism, POA Network leverages an independent network of licensed U.S. public notaries as validators to promote security, speed, and transparent governance. POA Network has a growing ecosystem of open-source projects that deliver key solutions for the Ethereum community including an open-source full-featured block explorer BlockScout, an array of Bridges for interoperability between EVM chains, and Nifty Wallet to focus on usability of real-world applications. For more information visit poa.network.
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