Proof of Coverage Building a Global Network for High-Precision GPS with Onocoy | Samuel Welde
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Recorded at the EV3 DePIN Summit in Zanzibar, Connor sits down with Samuel Welde, co-founder of Onocoy - a project using decentralized networks to boost GPS accuracy in emerging markets like Africa and South America. Samuel explains how Onocoy leverages Solana’s speed, low fees, and developer support to power billions of autonomous devices with affordable, centimeter-level precision. They discuss the limitations of traditional GPS, Onocoy’s expansion in countries like Kenya and Tanzania, and the project’s unique tokenomics, including the BONO beta token and upcoming ONO token, aimed at incentivizing long-term network growth.
Timestamps:
00:00 - Introduction
01:05 - DePIN Summit in Zanzibar
01:45 - Challenges in the GPS Industry
03:12 - Improving GPS Accuracy with Onocoy
05:06 - Market Strategy in Emerging Markets
06:44 - Global Coverage Goals
09:44 - Community Building and Token Launch
10:44 - Building on Solana
13:18 - Monetization and Demand Side Strategy
18:14 - Getting Involved with Onocoy
Disclaimer: The hosts and the firms they represent may hold stakes in the companies mentioned in this podcast. None of this is financial advice.