[ANN] [GEO] GeoCoin | GIS & GeoTechnologies

[weifa]

My most recent video was created quickly and meant to answer a lot of questions I've been getting from the community about he upcoming blockchain upgrade so the overall production level was not as exciting as some of our previous videos.  I blurred the background to make the text more readable as that was the main focus.  The past few months I've been working on coordinating all the details for this swap which has kept me quite busy.

It appears that Cryptopia has already paused in the screenshots above, therefore if you cannot send your GEO to Bittrex, it is best to keep them in a GEO desktop wallet in preparation for the manual swap claim process.

[1714667098]

1714667098

[1714667098]

1714667098

[1714667098]

1714667098

[1714667098]

1714667098

[supermoney]

I sold my 2300 geo at 41000 sat. Price probably back to 10k, still very high. Doesnt seem like much is happening here so I will wait for dump under 10k before buying. I am no troll but i just think price will slowly decline as no big news for geo many say it is the crypto that will not be worth anything

I doubt we will hit 10k after token swap. Let's not forget that total supply will reduce from 5mln to 4mln and many GEO stuck in exchanges and wallets will get "lost" forever because many people don't know about token swap they probably either won't even try to contact GeoCoin's support.
But in primis... From PoW to PoL  

[YoggYogg]

I sold my 2300 geo at 41000 sat. Price probably back to 10k, still very high. Doesnt seem like much is happening here so I will wait for dump under 10k before buying. I am no troll but i just think price will slowly decline as no big news for geo many say it is the crypto that will not be worth anything

I doubt we will hit 10k after token swap. Let's not forget that total supply will reduce from 5mln to 4mln and many GEO stuck in exchanges and wallets will get "lost" forever because many people don't know about token swap they probably either won't even try to contact GeoCoin's support.
But in primis... From PoW to PoL  

I can't wait for PoW to be off, although im curious does current PoW stop during snapshot or is it gonna be fazed off over few days/weeks? Current 1500 coins daily feels like a slaughter at this point

[athrill13]

I sold my 2300 geo at 41000 sat. Price probably back to 10k, still very high. Doesnt seem like much is happening here so I will wait for dump under 10k before buying. I am no troll but i just think price will slowly decline as no big news for geo many say it is the crypto that will not be worth anything

I doubt we will hit 10k after token swap. Let's not forget that total supply will reduce from 5mln to 4mln and many GEO stuck in exchanges and wallets will get "lost" forever because many people don't know about token swap they probably either won't even try to contact GeoCoin's support.
But in primis... From PoW to PoL  

I can't wait for PoW to be off, although im curious does current PoW stop during snapshot or is it gonna be fazed off over few days/weeks? Current 1500 coins daily feels like a slaughter at this point

Bitrex supporting Geo coin swap right? If so I don't need to move my coins right?

[weifa]

I sold my 2300 geo at 41000 sat. Price probably back to 10k, still very high. Doesnt seem like much is happening here so I will wait for dump under 10k before buying. I am no troll but i just think price will slowly decline as no big news for geo many say it is the crypto that will not be worth anything

I doubt we will hit 10k after token swap. Let's not forget that total supply will reduce from 5mln to 4mln and many GEO stuck in exchanges and wallets will get "lost" forever because many people don't know about token swap they probably either won't even try to contact GeoCoin's support.
But in primis... From PoW to PoL  

I can't wait for PoW to be off, although im curious does current PoW stop during snapshot or is it gonna be fazed off over few days/weeks? Current 1500 coins daily feels like a slaughter at this point

Bitrex supporting Geo coin swap right? If so I don't need to move my coins right?

Yes Bittrex is supporting the swap, do not move your coins.
Here is their announcement: https://support.bittrex.com/hc/en-us/articles/115003177652-Support-for-the-GeoCoin-GEO-blockchain-upgrade

[tedyx]

I sold my 2300 geo at 41000 sat. Price probably back to 10k, still very high. Doesnt seem like much is happening here so I will wait for dump under 10k before buying. I am no troll but i just think price will slowly decline as no big news for geo many say it is the crypto that will not be worth anything

I doubt we will hit 10k after token swap. Let's not forget that total supply will reduce from 5mln to 4mln and many GEO stuck in exchanges and wallets will get "lost" forever because many people don't know about token swap they probably either won't even try to contact GeoCoin's support.
But in primis... From PoW to PoL  

pow is not done yet though is it so much more dumpin can happen. 10k is still a good high value though.

PoW ends in 6 hours

[athrill13]

I sold my 2300 geo at 41000 sat. Price probably back to 10k, still very high. Doesnt seem like much is happening here so I will wait for dump under 10k before buying. I am no troll but i just think price will slowly decline as no big news for geo many say it is the crypto that will not be worth anything

I doubt we will hit 10k after token swap. Let's not forget that total supply will reduce from 5mln to 4mln and many GEO stuck in exchanges and wallets will get "lost" forever because many people don't know about token swap they probably either won't even try to contact GeoCoin's support.
But in primis... From PoW to PoL  

I can't wait for PoW to be off, although im curious does current PoW stop during snapshot or is it gonna be fazed off over few days/weeks? Current 1500 coins daily feels like a slaughter at this point

Bitrex supporting Geo coin swap right? If so I don't need to move my coins right?

Yes Bittrex is supporting the swap, do not move your coins.
Here is their announcement: https://support.bittrex.com/hc/en-us/articles/115003177652-Support-for-the-GeoCoin-GEO-blockchain-upgrade

Thanks good to hear. Hodling in Bittrex now!

[palog]

Is geo only as POW or preparing in future for pos (MN) ?

[tedyx]

Is geo only as POW or preparing in future for pos (MN) ?

It's moving to Ubiq network as ERC20 token.

[weifa]

Is geo only as POW or preparing in future for pos (MN) ?

It's moving to Ubiq network as ERC20 token.

The Bittrex market will be paused at 6pm PT this evening and the snapshot will be taken.  That will mark the end of the POW mining phase.  All GEO will then be migrated to the Ubiq Network and created as a new ERC20 token.  The former POW chain will be considered developer abandoned at this time.

[YoggYogg]

I sold my 2300 geo at 41000 sat. Price probably back to 10k, still very high. Doesnt seem like much is happening here so I will wait for dump under 10k before buying. I am no troll but i just think price will slowly decline as no big news for geo many say it is the crypto that will not be worth anything

I doubt we will hit 10k after token swap. Let's not forget that total supply will reduce from 5mln to 4mln and many GEO stuck in exchanges and wallets will get "lost" forever because many people don't know about token swap they probably either won't even try to contact GeoCoin's support.
But in primis... From PoW to PoL  

pow is not done yet though is it so much more dumpin can happen. 10k is still a good high value though.

If you have some more - could you please put some orders down below 40k? I would not mind to switch some Ubiq for Geo at that price and you can rebuy later at 10k

[scattypatty]

I sold my 2300 geo at 41000 sat. Price probably back to 10k, still very high. Doesnt seem like much is happening here so I will wait for dump under 10k before buying. I am no troll but i just think price will slowly decline as no big news for geo many say it is the crypto that will not be worth anything

I doubt we will hit 10k after token swap. Let's not forget that total supply will reduce from 5mln to 4mln and many GEO stuck in exchanges and wallets will get "lost" forever because many people don't know about token swap they probably either won't even try to contact GeoCoin's support.
But in primis... From PoW to PoL  

pow is not done yet though is it so much more dumpin can happen. 10k is still a good high value though.

If you have some more - could you please put some orders down below 40k? I would not mind to switch some Ubiq for Geo at that price and you can rebuy later at 10k

I very hope that the price doesnt go that low!! I am not sure though in my mind end of pow phase means that less coins a day less dumping meaning more price increases. I would think this but crypto is very odd and markets are difficult to predict.

also less coins 5m down to 4m should mean more value. But I can only guess. 

[weifa]

I sold my 2300 geo at 41000 sat. Price probably back to 10k, still very high. Doesnt seem like much is happening here so I will wait for dump under 10k before buying. I am no troll but i just think price will slowly decline as no big news for geo many say it is the crypto that will not be worth anything

I doubt we will hit 10k after token swap. Let's not forget that total supply will reduce from 5mln to 4mln and many GEO stuck in exchanges and wallets will get "lost" forever because many people don't know about token swap they probably either won't even try to contact GeoCoin's support.
But in primis... From PoW to PoL  

pow is not done yet though is it so much more dumpin can happen. 10k is still a good high value though.

If you have some more - could you please put some orders down below 40k? I would not mind to switch some Ubiq for Geo at that price and you can rebuy later at 10k

I very hope that the price doesnt go that low!! I am not sure though in my mind end of pow phase means that less coins a day less dumping meaning more price increases. I would think this but crypto is very odd and markets are difficult to predict.

also less coins 5m down to 4m should mean more value. But I can only guess. 

Just to clarify our original POW specs set the maximum GEO supply at 6,833,000 after all 5,000,000 blocks were mined (calculations below).  This is being reduced to 4,000,000 total supply, so even further reduction.

Block #'s and Block Reward
1 x 34,000: 34,000
2-100 x 0: 0
101-40,000 x 10: 399,000
40,001-80,000 x 9: 360,000
80,001-120,000 x 8: 320,000
120,001-160,000 x 7: 280,000
160,001-200,000 x 6: 240,000
200,001-240,000 x 5: 200,000
240,001-280,000 x 4: 160,000
280,001-320,000 x 3: 120,000
320,001-360,000 x 2: 80,000
360,001-5,000,000 x 1: 4,640,000

Total: 6,833,000

[YoggYogg]

Just to clarify our original POW specs set the maximum GEO supply at 6,833,000 after all 5,000,000 blocks were mined (calculations below).  This is being reduced to 4,000,000 total supply, so even further reduction.

Block #'s and Block Reward
1 x 34,000: 34,000
2-100 x 0: 0
101-40,000 x 10: 399,000
40,001-80,000 x 9: 360,000
80,001-120,000 x 8: 320,000
120,001-160,000 x 7: 280,000
160,001-200,000 x 6: 240,000
200,001-240,000 x 5: 200,000
240,001-280,000 x 4: 160,000
280,001-320,000 x 3: 120,000
320,001-360,000 x 2: 80,000
360,001-5,000,000 x 1: 4,640,000

Total: 6,833,000

For circulating supply -
Considering we are at block #1566826 currently there should be roughly 3,399,825 coins in circulation. On Bittrex there are 2,324,981 coins while Cryptopia has 71,501 coins, therefore after swap we should only have 2,396,482 tokens circulating. Tho that number can and likely will increase as people perform manual swap with the developers throughout the time.

Decreased inflation will make us suffer less through the mining process and decrease end circulating supply. Miners have automated systems to send coins to exchange and dump them at market price so with that part out of the way Geo should be able to catch a bit of breath.

[athrill13]

Just to clarify our original POW specs set the maximum GEO supply at 6,833,000 after all 5,000,000 blocks were mined (calculations below).  This is being reduced to 4,000,000 total supply, so even further reduction.

Block #'s and Block Reward
1 x 34,000: 34,000
2-100 x 0: 0
101-40,000 x 10: 399,000
40,001-80,000 x 9: 360,000
80,001-120,000 x 8: 320,000
120,001-160,000 x 7: 280,000
160,001-200,000 x 6: 240,000
200,001-240,000 x 5: 200,000
240,001-280,000 x 4: 160,000
280,001-320,000 x 3: 120,000
320,001-360,000 x 2: 80,000
360,001-5,000,000 x 1: 4,640,000

Total: 6,833,000

For circulating supply -
Considering we are at block #1566826 currently there should be roughly 3,399,825 coins in circulation. On Bittrex there are 2,324,981 coins while Cryptopia has 71,501 coins, therefore after swap we should only have 2,396,482 tokens circulating. Tho that number can and likely will increase as people perform manual swap with the developers throughout the time.

Decreased inflation will make us suffer less through the mining process and decrease end circulating supply. Miners have automated systems to send coins to exchange and dump them at market price so with that part out of the way Geo should be able to catch a bit of breath.

Awesome!! That means we can expect  30% increase price jump any time!

[athrill13]

Is geo only as POW or preparing in future for pos (MN) ?

It's moving to Ubiq network as ERC20 token.

The Bittrex market will be paused at 6pm PT this evening and the snapshot will be taken.  That will mark the end of the POW mining phase.  All GEO will then be migrated to the Ubiq Network and created as a new ERC20 token.  The former POW chain will be considered developer abandoned at this time.

When do you think they will resume trading after the migration in Bittrex?

[YoggYogg]

I've just noticed something funny -

Note: Bittrex will be closing our GEO wallet and stop trading the token to take accurate snapshots of balances. If any GEO deposits you had sent to Bittrex are not settled (i.e. marked as pending) by 6:00 PM PT, on 01/25/2018 (1:00 AM on 01/26/2018 UTC), you may not be credited with GEO.

source: https://support.bittrex.com/hc/en-us/articles/115003177652

6:00 PM on 01/25/2018 PT (current time: 2:30pm - 3:30 hours from now)
1:00 AM on 01/26/2018 UTC (current time 10:30pm - 2:30 hours from now)

Bittrex is time travelling :O

[Zeatorius]

I sold my 2300 geo at 41000 sat. Price probably back to 10k, still very high. Doesnt seem like much is happening here so I will wait for dump under 10k before buying. I am no troll but i just think price will slowly decline as no big news for geo many say it is the crypto that will not be worth anything

I doubt we will hit 10k after token swap. Let's not forget that total supply will reduce from 5mln to 4mln and many GEO stuck in exchanges and wallets will get "lost" forever because many people don't know about token swap they probably either won't even try to contact GeoCoin's support.
But in primis... From PoW to PoL  

pow is not done yet though is it so much more dumpin can happen. 10k is still a good high value though.

If you have some more - could you please put some orders down below 40k? I would not mind to switch some Ubiq for Geo at that price and you can rebuy later at 10k

i have no more to sell but i will buy more once price drops more. people are still selling so i will wait and see what happens. Someone sell 2.9 btc worth at 39000 think the same as me.

Price could be under 10k tomorrow at this rate. glad i sold at 41k now can buy back with 20% more. I will wait more of a drop.

[weifa]

I've just noticed something funny -

Note: Bittrex will be closing our GEO wallet and stop trading the token to take accurate snapshots of balances. If any GEO deposits you had sent to Bittrex are not settled (i.e. marked as pending) by 6:00 PM PT, on 01/25/2018 (1:00 AM on 01/26/2018 UTC), you may not be credited with GEO.

source: https://support.bittrex.com/hc/en-us/articles/115003177652

6:00 PM on 01/25/2018 PT (current time: 2:30pm - 3:30 hours from now)
1:00 AM on 01/26/2018 UTC (current time 10:30pm - 2:30 hours from now)

Bittrex is time travelling :O

Good catch YoggYogg, had to get home 1 hour earlier then expected.  Markets are now on pause, snapshot will be taken tomorrow!

https://twitter.com/geo_coin/status/956701879592894464

[wh0amll]

I hope GEO coin will be listed on more exchange. Because bittrex stopped registation