So you might as well get something for the privacy give up. Google sells the same location data to advertisers without your knowledge and earnings.
A year ago, another easier-to-understand video showed that it took the geominer one month to earn 10,000 COIN tokens that were eventually worth about $4.78 at that time. This channel indicated that for about every 10,000 COIN tokens earned the geominer earned about $5 in XYO tokens. If you are constantly on the move the COIN app is probably a good way to make some extra small amount of cash, especially in XYO tokens.įor example, I reviewed several YouTube channels to see how much you can earn.
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It is somewhat passive since you have to update your location every 90 minutes or so to continue earning rewards. In essence, you give up your location and run both a foreground and background screen to somewhat passively earn rewards.
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How Does It Work?Īll the geomining rewards work off of the COIN app (not the same as the Coinbase app), which you download onto your smartphone. They could determine the traffic count of their retail competitors, determine the location of users with certain socio-economic-political viewpoints, or track two or more phones interactions based on location.
The article in Cointelegraph also shows how businesses can use the XYO Network. Once users earn enough COIN tokens (used in the app), they can exchange them for XYO tokens. They can find these from a real, physical space while sharing relevant location data and interactions with other geominers. As a result, they can now “geomine” location-based crypto rewards from their smartphones.Īccording to Cointelegraph, an online crypto magazine, users can explore and discover digital items or assets. One of the unique features ab0ut the XYO Network, which is promoted by the XYO Foundation, is that users can have their smartphones become part of an XYO network node.
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