The Geode Foundation, a US-based 501(c)(3) nonprofit, has announced the primary exchange listing of its native cryptocurrency, GEODE, on the BitMart exchange. This milestone marks the trading debut for the GEODE token, which powers the Geode Chain ecosystem, a Layer 1 blockchain focused on decentralized applications and community empowerment.
Geode Chain, operational since February 2023, boasts a MainNet with zero downtime over 34 months of continuous operation. The network utilizes a Nominated Proof of Stake (NPoS) consensus mechanism, which is reported to consume 99% less energy than Proof of Work alternatives. The project has built a fully deployed suite of native applications, including tools for registering intellectual property on-chain, social networking, private messaging, and a marketplace, all aimed at creating a "user-owned economy."
The foundation reports a thriving community with over 10,000 registered users, with 40% of account holders actively contributing as ambassadors, product testers, or innovation team members. The project is led by Dr. Kathryn Messegee, a former DARPA Program Manager, and Thomas Messegee, and is developed by an all-volunteer global team. Geode operates as a self-sustaining project without reliance on venture capital.
The listing on BitMart, a global exchange serving millions of users, is positioned as a strategic move to increase liquidity and adoption. Dr. Kathryn Messegee stated, "Geode isn't just another blockchain; it's a 50-year vision for economic sovereignty... we are proving that decentralization can be practical, and transformative from day one." The long-term vision for the GEODE token includes its use for everyday transactions like paying rent or buying groceries.
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