DePIN project Geodnet completes $8 million token financing, led by Multicoin

BlockBeats News: On February 25th, according to CoinDesk, DePIN project Geodnet completed $8 million in token financing, led by Multicoin. It is reported that Geodnet provides financial incentives for startups to encourage ordinary people to host physical infrastructure. Due to the strong demand for Geodnet services, the token of the project (its incentive mechanism) has more than doubled in the past 12 months.