GeoCoin is an ERC20 token on Ubiq Network. Ubiq is a hard fork of Ethereum that implements the Ethereum Virtual Machine (EVM) for smart contracts and decentralized applications (dApps). Developers use EVM to create applications on Ethereum.

GeoCoin has developed a scavenger hunt game wherein users are rewarded with cryptocurrency. Geocoin offers a fun blockchain gaming experience where users can drag and drop GEO onto the map for others to collect.

GeoCoin aims to bring “Geographic Information Systems” (GIS) and “Geo Technologies” to the blockchain world to drive the mass adoption of cryptocurrency. GeoCoin removes any entry barriers to new users entering the cryptocurrency scene to achieve its mission.

Users can sign up, login, and turn on their smartphone’s GPS to navigate to the location of the nearest GEO to earn their first cryptocurrency. Sign up is free and open to everyone. 

Further, the remainder of the GEO supply is dropped onto the map for collection through proof of location (PoL), with a total GEO supply capped at 4,000,000 GEO.

The GeoCoin app contains the following features:

Additionally, the miners can point their mining hash power to the Ubiq Network to support the GEO network. This helps earn UBQ, which is required to pay the gas fee and secure the overall network.