Decentralized Geodetic Infrastructure: An Analytical Evaluation of Onocoy ($ONO)
A Swiss RTK correction network with European Space Agency-backed verification, scored against the same six-dimension framework.
Executive summary
Onocoy is a Swiss-founded RTK geodetic correction network: a dual-sided marketplace connecting independent reference-station operators with enterprise clients that need centimeter-level positioning for precision agriculture, autonomous vehicles, and drones. Like GEODNET, it crowdsources terrestrial reference stations to correct the atmospheric and orbital errors in standard GNSS, but it runs a dual-token model built around strict data verification and targeted hardware distribution.
Our assessment yields a composite Headline Builder Score of 87 out of 100. The rating reflects a rigorous data-verification engine backed by the European Space Agency and ETH Zurich, and high station density across Europe, balanced against regional token-price exposure and the early stage of its global commercial scaling.
Protocol profile
- Headline builder score
- 87 / 100
- Native token
- $ONO (Solana SPL, live on Jupiter)
- Total raised
- ~$5.7M (incl. $1.5M ESA NAVISP grant, Ryze Labs)
- Active nodes
- ~6,700+ across 50+ countries (Europe-concentrated)
- Annualized recurring revenue
- ~$1.85M (est. mid-2026)
- Token burn
- 100% of consumed Data Credits burned
- Circulating supply
- ~80,730,000 $ONO
- Maximum supply
- 810,000,000 $ONO
Technical architecture and kinematic correction
Standard GNSS constellations (GPS, GLONASS, Galileo, BeiDou) broadcast from orbits roughly 20,000 kilometers up. Atmospheric delay, tropospheric refraction, and local multipath degrade a standard receiver to three to ten meters. RTK removes those errors: a stationary reference station at a precisely surveyed coordinate measures the exact error in the satellite carrier waves, then streams corrections in RTCM format over the NTRIP standard.
+-------------------------------------------------------------+
| GNSS Satellite Constellations |
| (GPS, Galileo, GLONASS, BeiDou) |
+-------------------------------------------------------------+
/ \
/ \
(Atmospheric delay) (Atmospheric delay)
/ \
v v
+-----------------------------+ +-------------------------+
| Onocoy Base Station | | Mobile Rover |
| (Precisely Surveyed) | | (Drone/Tractor/Robot) |
+-----------------------------+ +-------------------------+
| ^
| (Raw MSM7 phase corrections) | (cm-level RTCM)
v |
+-----------------------------+ |
| Onocoy Caster Servers | |
| (servers.onocoy.com:2101) | |
+-----------------------------+ |
+---(Streams RTCM corrections via internet)---+A rover connects an NTRIP client to the Onocoy caster network at servers.onocoy.com:2101. Unlike single-station corrections, Onocoy uses a modern Multi-System Message approach (MSM4/5/6/7), tracking all available constellations at once.
Leadership and validation
Onocoy was founded by satellite and GPS-telemetry veterans, including co-founder and president Daniel Ammann. Its standout credential is a $1.5M non-dilutive grant from the European Space Agency's NAVISP Element 2 program, funding a project with ETH Zurich to engineer an AI-driven, decentralized fraud-detection layer against GPS spoofing, signal injection, and data falsification.
Operational growth, partnerships, and funding
The network has grown to over 6,700 active, verified reference points, capitalized by more than $5.7M. Early rounds drew Smart Island Capital and hardware executives, notably Thomas Seiler, the long-standing former CEO of GNSS manufacturer u-blox, who joined as a core strategic advisor. Institutional backing from Ryze Labs followed to accelerate international markets.
| Partner | Objective |
|---|---|
| ArduSimple | Mainstream hardware distribution: pre-packaged triple-band CORS base stations (Septentrio simpleRTK3B Pro) pre-calibrated for Onocoy. |
| GNS Electronics | Produces the NTRIP-X RTK base station, a plug-and-play appliance that lowers onboarding complexity. |
| LOCANOS | Builds the Base Station Lite, with simultaneous Wi-Fi and Ethernet NTRIP streaming for industrial sites. |
| ETH Zurich | R&D partner using ESA capital to implement spatial verification resilient against adversarial attacks. |
These connections position Onocoy across precision agriculture, heavy-machinery tracking, and European drone-delivery corridors, for an estimated $1.85M of annualized recurring revenue as pilots move into commercial production.
Token economics: the dual-token model
Onocoy settles on Solana for high throughput and sub-penny fees, and caps $ONO at 810,000,000. A strict dual-token model isolates the volatile crypto layer from consumer utility cost.
- Data Credits (DC): an internal, fiat-pegged currency used only to buy RTK correction streams. Enterprise clients buy DC with cash or $ONO.
- $ONO token: the crypto asset distributed daily to base-station operators for uploading continuous, multi-constellation data.
+--------------------------------------------------------+
| Commercial Enterprise Client |
| (Buys fixed-value Data Credits with fiat) |
+--------------------------------------------------------+
|
v
+--------------------------------------------------------+
| Data Credit (DC) Consumption |
| (Client consumes the stream via NTRIP) |
+--------------------------------------------------------+
|
v
+--------------------------------------------------------+
| On-Chain Token Burn |
| (Corresponding $ONO is permanently burned) |
+--------------------------------------------------------+
|
v
+--------------------------------------------------------+
| Operator Reward Cycle |
| (New $ONO emitted to base stations meeting 98%+ |
| quality standards) |
+--------------------------------------------------------+High-Value Areas amplify emissions over industrial or underserved zones to pull supply where demand is, while over-dense clusters face severe reward dilution. Because 100% of the $ONO mapped to consumed Data Credits is burned on-chain, the network trends structurally toward net deflation as tracking operations scale past the fixed daily emission curve.
Hardware, validation, and installation friction
| Dimension | Septentrio simpleRTK3B Pro | GNS NTRIP-X |
|---|---|---|
| Estimated cost | ~$650 to $1,100 | ~$450 to $690 |
| Frequencies | L1, L2, L5 triple-band | L1, L2 dual-band |
| Constellations | GPS, GLONASS, Galileo, BeiDou, QZSS | GPS, GLONASS, Galileo, BeiDou |
| Connectivity | RJ45 Ethernet / USB-C | Wi-Fi / Ethernet |
| Power | Under 3 watts | Under 2.5 watts |
| Bandwidth | ~15 to 25 GB/month | ~12 to 18 GB/month |
On setup, a station does not earn full rewards immediately. A mandatory 24-to-36 hour validation test measures signal-to-noise ratio, tracking consistency, and antenna stability to screen out spoofed or indoor installs. Rewards are bound to location scarcity: devices placed in close proximity have baseline payouts reduced by mathematical decay functions to eliminate redundant overhead.
Installation
Geodetic hardware remains a high barrier, setting the Operator Ease score at 60 out of 100. The antenna needs a rigid roof mast with a 360-degree clear sky view and no obstruction above a 10-degree elevation, low-loss coaxial routed indoors, wired Ethernet, and caster configuration.
+-------------------------------------------------------------+
| 1. Antenna mechanical mounting |
| - Secure a geodetic antenna on a rigid roof mast |
| - Achieve a 360-degree unobstructed view of the sky |
| - No barriers above a 10-degree elevation angle |
+-------------------------------------------------------------+
|
v
+-------------------------------------------------------------+
| 2. Hardware infrastructure |
| - Route low-loss coaxial cable indoors to the receiver |
| - Connect wired RJ45 Ethernet directly to the router |
| - Avoid sharp cable bends to limit signal attenuation |
+-------------------------------------------------------------+
|
v
+-------------------------------------------------------------+
| 3. Firmware and caster configuration |
| - Open the WebUI at a local IP (e.g. 192.168.3.1) |
| - Set reference position to Auto for calibration |
| - Map NTRIP output to servers.onocoy.com:2101 |
| - Activate RTCMv3 MSM7 blocks (1005, 1077, 1087) |
+-------------------------------------------------------------+
|
v
+-------------------------------------------------------------+
| 4. Dashboard onboarding |
| - Register the hardware serial on the Onocoy console |
| - Enter the NTRIP username and password |
| - Link a Solana SPL wallet to complete mapping |
+-------------------------------------------------------------+Comparative analysis: Onocoy versus legacy networks
| Metric | Onocoy | Trimble VRS Now | Legacy CORS |
|---|---|---|---|
| Annual enterprise cost | ~$350 to $500 (Data Credits) | ~$1,850 | $1,200 to $2,500 |
| Spatial precision | 1 to 2 cm | 2 cm | 2.5 cm |
| Verification | Decentralized validator with AI fraud detection (ESA/ETH Zurich) | Centralized server checks | Manual engineering audits |
| Infrastructure | Crowdsourced DePIN (Solana) | Corporate owned | State / corporate monopolies |
| Uptime | Community matrix, density redundancy | Legally binding SLAs | Contractual SLAs |
Legacy providers keep an edge in long-standing legal SLAs and government contracting, but Onocoy's capital-efficient, token-incentivized scaling lets it compete hard on price-to-performance, putting centimeter-accurate data within reach of mass-market robotic and commercial software platforms.
Editorial conclusion
Onocoy is a high-fidelity implementation of the physical-sensing DePIN model. By avoiding single-vendor hardware lock-in and securing cryptographic validation from top-tier academic and aerospace institutions, it builds a defensible, enterprise-grade geodetic layer on Solana. Its main challenge is translating a dense European footprint into demand capture across the Americas and Asian commercial shipping corridors.
Standardized physical sensing evaluation framework
Physical networks face real-world constraints, hardware depreciation, geographic clustering, and install barriers, that pure digital resource networks do not. The framework scores every project across six weighted dimensions. The headline builder score is our weighted composite of these dimensions, scored on the same public methodology for every project.
| Dimension | Weight | Metric | Benchmark | Score |
|---|---|---|---|---|
| Demand-side revenue | 20% | Demand-to-Emission ratio = on-chain ARR / annual value of emitted tokens | Ratio at or above 0.50, with annual recurring revenue over $500k | 81 |
| Token economics | 15% | Deflation ARR = annual emission value / burn rate (0.80 here) | Net-positive token deflation within three years of mainnet | 85 |
| Network decentralization | 15% | Spacing coefficient = unique occupied hexagons / total active nodes | Coefficient at or above 0.85, no single entity over 20% of nodes | 88 |
| Hardware economics | 15% | Payback period = (hardware cost + shipping) / (daily yield x token price) | Payback at or under 12 months, power footprint under 5 watts | 89 |
| Operator ease | 15% | Onboarding friction score across obstruction, dependency, and zoning | Receive-only hardware, zero RF emissions, pre-configured firmware | 60 |
| Protocol transparency | 20% | Public verifiability index across proofs, explorer access, open drivers | Real-time on-chain data, open-source drivers, auditable burns | 94 |
Demand-side revenue20% weight
81 / 100Healthy initial enterprise integrations in precision agriculture, machinery tracking, and European drone corridors, with a clean fiat separation through Data Credits. ARR is an estimated $1.85M as pilots move to production. The score is held back by demand still concentrated in the Euro-zone, with retail data use yet to broaden.
Token economics15% weight
85 / 100A dual-token, burn-on-consumption design: 100% of the $ONO mapped to consumed Data Credits is burned on-chain, cleanly offsetting emissions, and High-Value Area rewards keep hardware incentives aligned with where demand is. One of the stronger token designs in the geodetic set.
Network decentralization15% weight
88 / 100Over 6,700 live nodes across 50+ countries make the network resilient, with spatial-scarcity decay preventing over-dense clusters. The main caveat is heavy European concentration, which leaves Americas and Asia coverage thin.
Hardware economics15% weight
89 / 100Ultra-low operating power (under 3 watts) and a choice of third-party hardware (ArduSimple Septentrio, GNS NTRIP-X) shield operators from vendor lock-in. Capital-efficient for the centimeter accuracy delivered.
Operator ease15% weight
60 / 100Like other RTK networks, the rooftop install is demanding: a 360-degree clear sky view, no obstruction above 10 degrees, low-loss coaxial routing, wired Ethernet, and caster configuration. That limits deployment to property owners and tech-literate hosts.
Protocol transparency20% weight
94 / 100The standout dimension. Compliance and code integrity are validated with the European Space Agency and developed alongside ETH Zurich, with real-time data validation tracked on-chain and a 24-to-36 hour onboarding test against signal-to-noise and antenna stability to screen out spoofed or indoor installs.
This report is editorial and independent of any commercial relationship. Affiliate links, paid placement, and verification fees never move a score. Figures are indicative and drawn from public disclosures and operator reports, and they change. Nothing here is financial, investment, legal, or tax advice.