We are pleased to announce our next AMA on February 17th 2021 at 11:00 AM UTC Time: Satoshi Club x GeoDB
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join GeoDB Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. GeoDB Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about GeoDB
For more details:
GeoDB – @GeoDBgroup
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
1) where is the geo-data collected from all users stored? In a centralized or decentralized manner?
2) What are the upcoming partnerships?
3) have you thought about partnering with with Insurance protocols? This can open new insurance markets. For example, a geoDB user plans a wedding and wants to get insured against bad weather. So she goes to Nexus mutual and pays the premium. Her geocash app confirms that she was on the insured location and date. Then a chainlink smart contract confirms that it was raining on that date & time. The Nexus contract automatically pays the insurance to the geoDB user. Do you have something like this in mind for the roadmap?
I was reading that GeoDB will launch its own Chainlink node to increase the ability of its users to monetize data and also serve as a universal gateway to bring GeoDB data to any blockchain network. But I would like to know: will this have any influence on the security of your system? what impact will this partnership produce on the reliability of GeoDB’s platform?
How is the FLETA Blockchain network contributing to GeoDB’s development? What kind of technology is this company bringing to you? What are the major advantages that this partnership brings to you from the point of view of scalability of your platform?
While researching GeoDB, I found interesting your digital data system that you have called ‘Digital Ledger Technology (DLT)’ that you implement to store your data. What are the characteristics of this system and what guarantees that it is secure enough to safeguard your customers’ digital data, which is distributed in several countries?
GeoMarket propose a REAL alternative to manage how users provide their information and how data scientists obtain them. What is this Real Alternative sytem that you implement or introduced to users so that their data cannot be exploited in any way and to protect data too? GeoDB has been around for a while now so I guess you have already tested this system, how effective it is compared to other providers?
The funds they provide are very important for the development processes of the projects to be completed and to be permanent. Many projects were left unfinished due to insufficient frost resources. GeoDB announced that it has raised over £ 3 million since 2018. What was the source of this fund you collected? Also, will this fund amount be sufficient for the next development phases of your project?
Data Generator Network and Data Generator Application GeoCash was launched with more than 200,000 users and its growth has increased. When we look at your user map, it is seen that you mainly have European and East Asian users. What was the reason for you to choose these regions? Do you have any plans to increase the number of users in other parts of the world from now on?
For users it is always important the value they are given within a community, for what they can offer or provide, so I am interested to know, GEODB, what kind of data do you value and reward with more interest?
Hello Sir I regards you please help me sir i can’t swap my old Geo please help me??? While researching GeoDB, I found interesting your digital data system that you have called ‘Digital Ledger Technology (DLT)’ that you implement to store your data. What are the characteristics of this system and what guarantees
that it is secure enough to safeguard your customers’ digital data, which is distributed in several countries? I don’t know what you think about me???
Which exaclty data except internet and location geocash uses? Which are the upcoming partnerships? And what is the role of Chainlink in GeoDB coin?
How will satoshi club improve geoDB, i am asking cause i am new to this!
GeoDB announced that they will launch their own Chainlink node recently. When will this be launch. Can you please explain why you have chosen Chainlink Oracle and why do you think it is the most suitable Oracle provider on further advancement of your project?
Can you give us an update on GeoDB and Fleta partnership. What are the two platforms working together right now and when can we expect the full integration of GeoDB’s rewards system on the Fleta Networks Dapps?
Users = Data = Money, for GeoDB, data is everything, so keeping this data safe and private must be in the top of your priorities, where are aheaded your actions in manners of security in the present and in the future? Infrastructure, partnerships, advisors or something else?
GeoDB is commited with the democratization of the data industry, however isn’t a simple mission and quite difficult to achieve it alone, what are your strategies to collaborate and make relationships with the rest of projects and the community on DeFi ecosystem?
May i know why we must doing authenticate google and activate our GPS/location when turn on GeoDB application? Is it safe to share our private data using GeoDB?
One of the GeoDB applications that caught my attention the most was PlugPark, A location-based application for plugging parking spaces to recharge your vehicle’s battery. My question is, are these payments made with the platform’s native token? Or are they only via FIAT coins?
GeoDB have refferal system which we can invite our friend but I cant found any info regarding refferal in your site. What is the use of refferal system in GeoDB? How is the calculation reward that we got from our refferal? because I already have 4 refferal but still got nothing
When it comes to data exchange there is usually always a greater purpose. What is the purpose of this peer-to-peer exchange of big data within GeoDB? Do you plan to use this influx of data to adapt it to areas that need more expansion and information such as medicine or for charitable purposes?
GeoDB has launched a Chainlink node to incorporate chain location data. Which will be the main chains to be merged with to obtain real-time information? Why have you chosen Chainlink for this purpose? What are the additional advantages that this oracle platform will provide to GeoDB?
If the ecosystem is public and transparent, how will Geodb relate the price of a dataset to the price of the token?
Generally there is Big Data for specific cases, for example big data for political uses, for commercial purposes and more. The Big data for which GeoDB is encouraging us to provide our data for what purposes will it be used? I would also like to know what specific data will be collected by Geocash.
You mention in your documentation that a huge amount more data would be needed for GeoDB to start attracting the attention of industries. That being the case, how can you be sure that this will happen? The blockchain has not yet gained worldwide acceptance, and many governments are still evaluating its security or legality… So, what makes you think that factories or companies will be interested in this data?
What is the difference between Big Data without blockchain as we know it and the Big Data that GeoDB is building? In itself BigData is complex data that requires a lot of technology to process, wouldn’t all this be too expensive on blockchain, and especially on Ethereum?
Recently GeoDB announced on its twitter, a strategic partnership with Chainlink to the launch of a Chainlink node, so can you explain us what are gonna be the usages of that new node?
GeoDB says on an article that will create more attractives and exciting roles than “Data providers” to the users, so can you explain which will be these roles?
Even if we are going to be remunerated and you tell us that our data will be supposedly private, it doesn’t imply that we won’t get our hearts racing or generate some panic by doing so. Please explain to us, in a way that we all understand, how you guarantee the privacy of the users who provide the data? Is there a chance, however slight, that this privacy could be breached and we could be victims of attacks, threats and so on? If so, would GeoDB give us any kind of legal support?
Please tell us about GeoCash, how does it work, what data does it register from our mobile, based on what does it calculate our earnings, is it an application that will be constantly active on our mobile with its respective battery consumption and RAM demand, or how does it really work?
Because of the indifference that exists on many platforms, is the GeoDB project committed to the welfare of users, and ensuring that they receive the rewards they deserve, and how can you demonstrate that this is actually happening at GeoDB?
Under what alliances could the GeoDB project demonstrate its interest in promoting decentralization in a real way?
Several wallets (MetaMask, imToken, TrustWallet, Coinomi) and hardware wallets are offered for storing GEO. Which one in your opinion is the most successful and understandable for a beginner to store GEO? Do you have any plans to develop your own wallet?
Can a small business be part of the GeoDB family and how can they guarantee its scalability?
Many users might think that geodb is also intended for private users, content creators, in order to maintain copyright over their data. You only working with Big data, or do you offer this other service?
I see with concern that many of the data loaders you work with rely on real-time location data. How do you guarantee the security of this data against hacker attacks?
I believe that any project must have a specific objective, a reason for being, or come to solve a problem. However, its use within Proprietary Data Apps is rather generic. do these apps really require the use of the blockchain? does the use of blockchain bring benefits to users?
Will your application for mobile platforms have its own integrated wallet? What benefits will users who decide to stay within their ecosystem without using third-party wallets get?
It calls my attention that you are looking for people to work with you remotely, but residing in Madrid, when your project is presented in English, Chinese and Japanese. Do you have plans to expand in Europe? Will you offer your products in Spanish?
They comment briefly in their Roadmap that they have plans to expand to the American market. Do you consider the Latin American market another interesting place? Do you have plans to also expand in LATAM?
Geodb plans to help the integration process to build a Geodata reward system for FLETA and its DApps. At what stage is this development and how will Geodb benefit?
There are always people who want to violate the system in order to want to obtain a greater benefit than they really deserve. Therefore, how can you verify that the data provided by users is real and verified information and not some imposter who only offers false information to obtain a reward?
The jurisdiction of incorporation is the United Kingdom. The company’s official registration address is London, England, and the head office is located in Madrid, Spain.
Channels to Telegram: Korea, India, Indonesia, Philippines, Chinese, Spanish, Vietnam.
What other countries will interact with Geodb in the future, and is there Russia and Ukraine on this list?
Even though GeoGB has quite a diverse team with people of different nationalities and ethnicities, I can notice that the names of the people are mainly in Spanish. Also, I see that you are hiring people who are in Madrid to work with you. So if the majority of the GeoDB team is from Spain, why doesn’t their website have a Spanish version as well?
Considering that GeoDB will launch its own Chainlink node for chain location data, can you explain a bit more in depth how this data will be collected? The user will always have the freedom to choose if he wants to always share his location or only in certain moments? Finally, how do you plan to do this without being intrusive to the user?
GeoDB want to give back the power of data to its owners and becomes the best “data exchange” of the market, but can you explain how the data can be tokenized or just be considered like an asset? I really don’t understand it.
Experts in the industry have noticed that GeoDB looks much more mature & attractive for the crypto community than it did months ago. It is said in your Medium, what changed in GeoDB during this period that would cause that impression, and how positively has that influenced the platform and its community?
What are the tokenomics of GEO to positionate it as a sustainable token, where is it currently listed?
How easy is it actually to use is GeoDB? What would any user need in terms of knowledge and devices to use it properly and and take advance of all the features?
Who are or would be considered by the team of GeoDB as the direct competitors of the platform? Is there any other platform with a similar vision to the Big Data Market?
Less than 10% of the data market is being exploited because the process to do it is highly inefficient, how much would GeoDB increase thecefficiency of this, would a 100% be possible?
Where is user’s data stored when I use GeoDB, can anybody totally erase their data from there if they ever want to?
I read you announced a partnership with FLETA last month, could you tell us more about this and the positive changes this could bring to GeoDB? What other partnership are we going to see in the future and how are you going to make them all work together in order to achieve what you want? What kind of partnerships and investors are you trying to get to and why?
While reading about your partnership with FLETA I saw that FLETA is also under discussion to join as one of the founding partners of Geodb’s ODIN (Open Data Interoperable Network) Odinprotocol.io. Could you tell us what made you choose FLETA as one of the possible founding partners of ODIN, and who could the other founding partners be? Speaking of this, what will this ODIN be and when are we going to see more about it and the benefits it will bring to your users?
I read that you have GeoCash as a way to reward users in exchange for sharing their data. How will this rewards work, and what can I do as a GeoDB user with it? What benefits will this rewards give me later on that will make me join GeoCash and put all my personal data and google information in there? Also, could you tell us what other rewarding strategies do you have?
Last year you released Aid Squad, the first decentralized Global Pandemic Information Platform. Since we are still fighting against this terrible virus, can you explain how works Aid Squad and how it can help people during this situation? What are the use cases of Aid Squad? Are the users rewarded for sharing their Personal Health Record data?
GeoCash collects the data generated by the users’ devices. Nowadays we all have the most private personal information on our phones or laptops, so what is exactly the data collected by GeoCash? Is the data like passwords or bank information safe?
Users of GeoDB get rewarded for generating data. Can you explain how works the reward system of GeoDB? Is there a general reward system or every app has its own system? Are all the rewards distributed with GEO?
With your recently partnership with Chainlink you’ll be supporting consumer dApps trough this oracle, can you explain the role of Chainlink in your near purposes cited on your roadmap?
One of your purposes for this year is the Asian market expansion, that should be a great mission since the Asian Market has become one of the biggest and important in the crypto world, how will GeoDB start to approach to this giant and how much resources will you use?
GeoDB uses a hybrid DLT (Digital Ledger Technology) system. What does it mean Hybrid? How are you dissatisfied with traditional data storage methods?
Installing GeoCash on a smartphone is an automatic consent to the installation of the SDK from GEO. Our data is transferred to the system via the SDK …. What kind of data is transferred and what happens to it next? How do you use it and how is the reward calculated?
If I understand correctly, the use of cryptocurrency is an attempt to preserve the anonymity of the user. But the data is still saved in the blockchain and it will not be possible to delete it. Are you working on encrypting data in the blockchain and why did you choose Ethereum, and not the initially anonymous coin?
According to your website, GeoDB users will receive GEO tokens in exchange for their anonymous data, which can later be exchanged to other crypto-currencies or, once you launch your full network, use it to acquire goods and services. For users of GeoDB, how can they trust their data in your platform? What kind of data is eligible to be presented in GeoDB to earn $GEO tokens? Can you specifically explain,what steps to be taken to exchange data to $GEO tokens or other cryptocurrencies in the future? How does it works? Once you launch your full network, we can use the earnings in our data to acquire goods and services, so do you plan to set up your own marketplace in your platform in the future for GeoDB users to be able to spend their earnings in your GeoDB network? Thank you!
How safe is GeoDB, especially the data and information being shared in your platform? What security precautions being implemented and applied? For acquiring data to users, what will your platform do to this data? If GeoDB will pay for users for sharing data, so how will your platform make money or earn revenue out of those data being shared by GeoDB users?In short , how will your platform utilizes those variety of data from different GeoDB users? Thank you
In your 2021 Roadmap,it is written that you will launch 10+ Proprietary Apps. So , can you explain what are those Proprietary Apps? Why is there a need of that much apps in your platform? What is the use of those apps If this plan will be realized soon, what maybe the impact that it will brings to GeoDB network, users, community and investors? Thank you
if GeoDB really only focuses on rewarding users who provide data, then why does it patent applications like wawa? Will you reward users for knowing how is their hydration while exercising? or what functionality does GeoDB have there?
Many projects seek to provide multiple ways to provide rewards to their users, in addition to guaranteeing success to Holders, why then will GeoDB only reward its users if they provide data?
GeoDB was originally developed in order to connect BIG Data with blockchain, right? and now they are looking to exchange that big data, but is that really the end goal? or really how far does GeoDB want to go?
Do you really think mainstream users need applications like Volta or Wawa? So how does GeoDB intend to achieve global adoption with applications that are not really necessary?
Is it really necessary for Big Data to be connected to the blockchain? And besides that, are there any exchange platforms for them? Could you explain a little more about the importance of Big Data and geographic positioning for DeFi?
You mention that “More than 12 million users will join GeoDB”, but are you really sure that so many people will connect with GeoDB? How long do you plan to reach that figure?
You mention that Big Data has not reached the expected levels due to having an inefficient process and the dominance of intermediaries, but could we detail what that process would be and how it limits the blockchain in Big Data?
You mention that with GeoCash data can be developed, but then why do you show it on your website as if it were just another wallet? or can you really generate data with a wallet?
Big Data is becoming one of the most valuable assets in the world, being exploited by small oligopolies and GeoDB is a peer-to-peer big data sharing ecosystem powered by blockchain technologies. So how will GeoDB solve the existing inefficiencies of the huge big data industry?
PRIVACY is the utmost concern for any internet users and Online Platforms are the places where your privacy is at constant risk. In GeoDB, it’s so nice that you will reward users in exchange for just sharing our data. So may I ask how this works like how are we rewarded for the data we generate and what data is being shared? Also what does GeoDB do with this information and how about the Email, Is my email linked to the information I share too?
As I’m exploring your website, I saw your GeoCash-Data Generator App, it’s very familiar to me and I remembered I’ve downloaded it before and have account in GeoCash but I uninstalled it because it stopped from generating GEO tokens. So may I ask how can I get back to the app? Is the PRIVATE KEYS really needed? What if I lost or I forgot the Keys, is there any other ways maybe?
Funding structure for surviving is the most important key for any projects..In what way did you fund GeoDB project?How do you and your team maintain to drive this project in the long run and what motivates you?
GeoDB offering the world a new solution that solves a big part of the problems that occur on a daily basis..GeoDB addressing all the problems the industry are currently facing like eliminating the middleman that lead to slow,high cost,and lack of transparency for data buyers..How do you completely improve the way users are being treated like for the privacy ,value and data ownership?And how do you break the entry barriers for small players?
I read GeoDB has a partnership with Chainlink to launch a #chainlink node. What is the purpose of this node at GeoDB ecosystem? are you planning to partner with another oracle?
About $GEO Liquidity Incentive System. What are the requirements or conditions to receive benefits from that system? What is the minimum amount of UNI-V2 GEO / ETH LP tokens that can be deposited?
Some project and companies misused or even sold the data of their consumers..And GeoDB for the fact are a big data company that works with blockchain..So can GeoDB also sell the data of its users?What standard do you concerned protecting users information?
As I know your ecosystem rewards anyone around the world for the data they generate. How do you cover countries with legislation restricting crypto? How do you plan to consolidate as a global project?
As a the first Big Data sharing ecosystem powered by Blockchain. How important is user privacy and what protocol do you plan to implement to ensure user safety?
Making profit out of data is great. So I went through the stats you provided on your website, and saw that you rewarded 120K wallets with 7M GEOs so far, which makes about 60 GEOs on the average, equivalent to about 50 USDT for an average user. This doesn’t seem very attractive. Is there any chance for users to multiply this income in some way? Do you provide additional profits which are not included by these stats?
Unfortunately, there are a lot of negative reviews about GeoCash on Google Play. Users are unhappy with the loss of tokens after application updates. Tell us how the registration in the application goes and what needs to be done to prevent data loss. Perhaps there is some way to recover
The concept of GeoDB is appealing and innovative with rewarding users for data in Geo tokens. In respect to user’s data integrity; how can your team keep track of usability and management of user’s data. Can these data be retrieved. What % of rewards goes to the GeoDB team?
You claim that GeoDB isn’t just about putting the power in the hands of data producers, it’s also about democratizing data. Can you explain more about this?
I think much of satoshi clubber include me still not understand about what is “Big Data” About, could GeoDB describe about what is Big Data and how does it work in GeoDB platform?
As I know keeping and store that much data in DLT have give so much complaint and criticism from world. So how do GeoDB make it difference to manage this issue for GeoDB ?
GeoDB is providing the opportunity of being rewarded for user data. So who can be the user of your system? What kind of data is valuable for you? How is the data gathered from the user?
Question
If im allowed to Install GeoCash on my familys phones am i allowed to send GEOs from their app into mine?
I find it frustrating that certain features of $geo, especially Odin Protocol, will not be available to U.S. users. Can this be corrected? If so, are there plans to move toward a U.S. compatible Odin Protocol?