GEODNET
GEOD#179GEODNET is a community-run network of GNSS base stations that sells centimetre-level positioning data; GEOD rewards station owners.
- Market cap
- $130.11M
- Volume 24h
- $2.59M
- All-time high
- —
- Circulating supply
- 467.61M of 1B
Passes our 8 Shariah criteria. Needs caution: interest (riba).
- 7 pass
- 1 caution
- 0 fail
Verdict history
- HalalCurrent
First publication
Fundamentals, market picture and news will appear here.
Halal analysis
Can a Muslim hold GEODNET?8 Shariah criteria
7 pass · 1 caution · 0 failSuperHex staking pays a flat 20% of the staked GEOD after a one-year lock.
Riba is interest or any guaranteed increase on a loan. The core business has no interest: customers pay fees for data and station owners earn for uptime. But the SuperHex programme returns the stake plus a fixed 20% after one year (2,000 GEOD staked returns 2,400), whatever the area earns. CryptoUmmah, the first authoritative source that rates GEODNET, says this fixed, time-based return on locked capital closely resembles interest. The programme is optional and separate from holding GEOD, so the criterion is at caution rather than fail.
GEOD is a utility token that pays for and rewards a real positioning-data service.
This criterion asks whether the asset has real value as property (mal). GEOD rewards station owners, pays for RTK data and gives governance rights in a working network. CryptoUmmah scores use case legitimacy 90/100 and its doubt concerns the staking bonus, not the nature of the token. No coin-specific defect was found, so the criterion is at the maximum.
GEOD rewards uptime of real equipment; there are no gambling mechanics.
Maysir is gambling: gaining or losing by chance rather than through productive exchange. Mining rewards depend on the data quality and uptime of a physical base station, which is paid work, not chance. CryptoUmmah finds only incidental maysir from secondary-market trading. The criterion is at the maximum.
Revenue comes from selling positioning data to enterprise customers.
This criterion asks how the ecosystem earns and whether that income is impermissible. GEODNET earns fees for RTK correction data from customers in agriculture, drones, survey and robotics. CryptoUmmah describes this as a genuine service-for-fee model with no lending, and scores core protocol business 90/100. No impermissible revenue was found, so the criterion is at the maximum.
The team is named and the business is real, but staking terms and allocations are documented in a fragmented way.
Gharar is excessive uncertainty or hidden information. The founder and backers are public and reward rules are documented. Two concrete points lower the score: the documentation lists allocation wallets but not the allocation shares or unlock dates, and CryptoUmmah notes fragmented, inconsistent staking documentation and limited treasury disclosure. A CertiK audit in April 2024 found two major centralisation issues, reported as resolved. The criterion stays at pass, below the maximum.
GEOD is used to reward station owners and to pay for positioning data.
This criterion looks at what the asset is actually used for. The network serves farm machinery, drones, robots and surveyors with precise positioning. No use centred on an impermissible activity was found, so the criterion is at the maximum.
Fully paid spot GEOD is available on exchanges and can be held in self-custody.
This criterion asks whether the asset can be owned in a permissible way. GEOD trades spot on centralised and decentralised exchanges and can be held in a self-custody wallet on Polygon or Solana. The criterion is at the maximum.
The network makes precise positioning cheaper for agriculture, survey and robotics.
Maslahah weighs benefit against harm. GEODNET provides useful infrastructure for farming, mapping and autonomous machines and lets individuals earn by hosting stations. No fraud, hack or harm to holders was found in the sources collected. The criterion is at the maximum.
How you can use it
Tap a card for the ruling and sourcesBuying GEOD with full payment and immediate delivery is available on exchanges, and the tokens can be moved to a self-custody wallet.
No exchange-traded fund or product holding GEOD was found in the sources collected. A product that held GEOD would be judged like spot; its structure would need checking.
GEOD is used to pay for GEODNET positioning data. Using it for this permissible service is acceptable; tier-1 bodies such as Indonesia’s MUI reject crypto as general currency.
GEOD secures no network. SuperHex staking locks GEOD for a year and returns it with a flat 20% bonus, a fixed return on locked capital that resembles interest; it should be avoided or checked with a scholar. Earning GEOD by running a base station is paid work and is acceptable.
Margin trading is never acceptable: it is a deferred exchange with borrowed money and leverage (AAOIFI SS 20).
Futures, perpetuals and options always fail under AAOIFI SS 20: deferred exchange without delivery, usually with leverage.
Lending GEOD through exchange or DeFi lending programmes pays depositors interest from borrowers. This is riba.
GEOD pays holders nothing itself. Yield products on GEOD get their return from lending or similar interest-like sources and fail.
Scholars quotes
The opinion on this is the same as doing the same with any halal assets such as shares – 1) is permissible, 2) is more debatable and there are differing opinions on short-term trading.As I mentioned at the beginning of this article it is not necessary to substantiate the permissibility of something as long as there are no prohibited factors involved in it or surrounding it.Penggunaan cryptocurrency sebagai mata uang hukumnya haram, karena mengandung gharar (ketidakjelasan), dharar (bahaya) dan bertentangan dengan Undang-Undang nomor 7 tahun 2011 tentang Mata Uang dan Peraturan Bank Indonesia nomor 17 tahun 2015 tentang Kewajiban Penggunaan Rupiah di Wilayah Negara Kesatuan Republik Indonesia.Sebagaimana mata wang yang lain, mata wang digital hendaklah tidak digunakan sebagai bayaran kepada barangan, perkhidmatan dan aktiviti tidak patuh Syariah seperti pembelian dadah, pelacuran, perjudian dan pendanaan aktiviti keganasan serta penggubahan wang haram.The SAC has also resolved that investment and trading of Digital Assets that fulfil the above requirements and which are traded on Digital Asset Exchange (DAX) registered with SC are permissible.Third: In light of the above and given the significant risks associated with this type of currencies and the instability of their transactions, the Council of the Academy recommends pursuing research and studies on issues affecting its ruling.Bitcoin is a digital currency that does not meet the legal and Sharia criteria that make it a currency subject to the rulings of dealing with official legal currencies recognized internationally.بناءً على ذلك: فلا يجوز شرعًا تداول عملة "البتكوين" والتعامل من خلالها بالبيعِ والشراءِ والإجارةِ وغيرها، بل يُمنع من الاشتراكِ فيها؛ لعدمِ اعتبارِها كوسيطٍ مقبولٍ للتبادلِ من الجهاتِ المخُتصَّةِ، ولِمَا تشتمل عليه من الضررِ الناشئ عن الغررِ والجهالةِ والغشِّ في مَصْرِفها ومِعْيارها وقِيمتها، فضلًا عما تؤدي إليه ممارستُها من مخاطرَ عاليةٍ على الأفراد والدول.According to research and opinion of experts so far, cryptocurrency is not considered ‘ maal ’ (wealth) in Sharia.Muhammadiyah memandang transaksi dan investasi kripto pada dasarnya mubah (boleh) tetapi dengan syarat tertentu.Our current position is 'tawaquf'; we can't say it is halal or haram, but we say it is better not to engage in itAI-assisted analysis checked against sources. Not a fatwa or investment advice.
Where it trades
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