Discovering GeoDB 7. The GEO token

  • In [2], The power of place, we’ve analyzed the great value of private location data.
  • In [3], Game theory, we’ve reviewed how in a free and competitive market, the price will be dictated by both sellers and buyers.
  • In [4], Blockchain 101, we’ve summarized the pillars of blockchain technology and we’ve indicated how we aspire to use it to work with private location data.
  • In [5], Modular Blockchain Architectures, we’ve explained our concept of a modular blockchain architecture and why we believe that the interconnection between blockchains and therefore, this type of architecture, will be the predominant in the coming years.
  • In [6], Measuring size and cost, we’ve shown the results of some studies that we’ve carried out about the estimated size of our big data and about the cost of storing this information using blockchain technology.
  • In [7], Interconnection, we’ve talked about our interconnection model, which we’ve designed in order to minimize costs.

GeoDB token

Cost of data acquisition

  • M, the maximum cost.
  • m_0, the minimum cost.
  • b, the depth of the current block in GeoDB big data ledger.
  • B, the number of blocks to generate before reaching M.
  • f_c, an adjustment factor of the steepness of the curve.
  • M = 10.000.
  • m_0 = 1.
  • B = 2.207.520.
  • f_c = 13.

Incentive system

  • T, the number of tokens to be rewarded.
  • b, the depth of the current block in GeoDB big data ledger.
  • B, the number of blocks to generate before reaching M.
  • f_r, an adjustment factor of the steepness of the curve.
  • T = 700.000.000.
  • B = 2.207.520.
  • f_r = 10.

References

  1. https://twitter.com/cdixon/status/563223999543382017
  2. https://medium.com/@GeoDataBlock/discovering-geodb-1-the-power-of-place-fb97a935b3d9
  3. https://medium.com/@GeoDataBlock/discovering-geodb-2-game-theory-c6dc5c6985c9
  4. https://medium.com/@GeoDataBlock/discovering-geodb-3-blockhain-101-bfd719ddac38
  5. https://medium.com/@GeoDataBlock/discovering-geodb-4-modular-blockchain-architectures-63aaf83c263
  6. https://medium.com/@GeoDataBlock/discovering-geodb-5-measuring-size-and-cost-de59f3aed416
  7. https://medium.com/@GeoDataBlock/discovering-geodb-6-interconnection-a9bb197d7ed9
  8. Rogers, Everett (16 August 2003). Diffusion of Innovations, 5th Edition. Simon and Schuster. ISBN 978–0–7432–5823–4
  9. https://en.wikipedia.org/wiki/Everett_Rogers
  10. https://en.wikipedia.org/wiki/Gabriel_Tarde
  11. https://en.wikipedia.org/wiki/Logistic_function
  12. https://en.wikipedia.org/wiki/Sigmoid_function

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