The Decentralized Geolocation Ecosystem (DGES) is an open-source, multi-blockchain platform that bridges the gap between the physical and digital worlds using geolocational non-fungible tokens (GeoNFTs). DGES operates through integrated applications, enabling efficient tokenization, monetization, and management of various types of data and unique assets, while promoting decentralization and a fair economic model for all participants.

Positioning itself as the backbone for the next generation of consumer-focused DApps, DGES fosters a collaborative environment where projects, businesses, and organizations can seamlessly integrate and interact with users within a unified ecosystem. The platform provides robust blockchain infrastructure for geolocation-based projects and applications, supporting diverse use cases across industries such as augmented reality, logistics, real-world assets (RWA), gaming, and social applications.

For a more detailed explanation, refer to the DGES documentation.

Each GeoNFT is built on a foundational smart contract and always includes the following core attributes: Project Tag, Content Hash, Owner Tag, and Coordinates. Connected projects and applications have the ability to enable users to mint GeoNFTs with additional features through modular micro-smart contracts. These extensions enhance the functionality of GeoNFTs, allowing them to be customized to meet the specific needs of each project and it’s user base.

Within the DGES ecosystem, applications can integrate these extensions into their GNFT collections directly from the existing GeoNFT extensions library, without any coding. If an application requires an extension that is not available in the library, projects can develop and propose new GeoNFT extensions. These proposed extensions will be added to the DGES library upon approval through a DAO vote.

For more detail refer to DGES documentation.

DGES is dedicated to establishing a fair economic system that rewards all participants. A fixed percentage fee is applied to every transaction involving GNFTs, LNFTs, and RNFTs. For each GNFT transaction, 50% of the fee is allocated to the LNFT holder whose boundaries encompass the GNFT, while the remaining 50% is equally distributed among all RNFTs in the DGES Governance Pool at the time of the transaction. For each LNFT transaction, 50% of the fee is directed to the DGES DAO reserve, and the other 50% is equally distributed among all RNFTs in the Governance Pool. In the case of RNFT transactions, the entire fee is directed to the DGES DAO reserve. To be eligible for royalty distributions, users must hold LNFTs and/or RNFTs, and to earn royalties from RNFTs, users must stake them in the Governance Pool. As the DGES ecosystem expands, royalty earnings for asset holders are expected to grow proportionately.

For more detailed information, refer to the DGES documentation.

DGES does not issue its own ERC-20 tokens; instead, it relies on well-established cryptocurrencies with high market capitalisation for operational purposes, including the purchase and sale of all ecosystem assets such as GNFTs, LNFTs, and RNFTs. This strategy ensures that the DGES ecosystem and its participants remain insulated from the value fluctuations of a native token.

If the introduction of a native ERC-20 token becomes necessary, it can be issued following a decision by the DGES community through a DAO vote.

DGES operates under the principles of a DAO, aiming for full decentralisation. The DAO allows RNFT token holders to actively shape the ecosystem's trajectory by participating in votes on key decisions. These decisions include, but are not limited to, approving new project integrations, allocating grants to promising initiatives, managing LNFT and RNFT sales, forming strategic partnerships, and adjusting ecosystem attributes like rewards and fees.

Only RNFT holders who stake their tokens in the DGES Governance Pool are eligible to vote in the DAO. Any staker of at least one RNFT in the Governance Pool can submit DAO voting proposals. If a proposal garners at least 5% of votes from all staked RNFTs, it proceeds to a formal vote. The decision becomes binding if it reaches a quorum of 51% of the votes cast within the designated voting period.

The primary function of the DGES DAO reserve is to allocate grants for the development of promising projects within the DGES ecosystem. To secure a grant from the reserve, a project must submit an application that includes a business plan, a financial forecast, and a detailed description of the needs and associated costs for which the funds are being requested.

Grant allocation is determined through a DAO vote. The size of the grants, as well as the structure of their disbursement and vesting—potentially involving stablecoins, native tokens, RNFTs, LNFTs, GNFTs, or a combination thereof—is also decided by the DAO.

For more detailed information, refer to the DGES documentation.