GEOCASH Airdrop by GeoDB: How It Worked and What Happened to GEO Tokens

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Back in 2020, GeoDB launched one of the more unusual crypto airdrops you’d ever see - not just handing out free tokens, but paying people for their location data. The project promised you could earn GEO tokens simply by downloading their app and letting it track where you went, what you did, and even how you used your phone. It sounded too good to be true - and in many ways, it was.

What Was GeoDB Trying to Do?

GeoDB wasn’t trying to build another meme coin. It claimed to be flipping the script on how big tech companies make money from your data. While Facebook, Google, and Apple collect your location, search history, and behavior to sell ads, GeoDB said: Why shouldn’t you get paid for that? Their idea was simple: use blockchain to create a marketplace where users own and sell their own data - and get rewarded in GEO tokens for doing it.

The app, called Wallace Wallet, ran on Android and iOS. Once installed, it quietly tracked your GPS location, Wi-Fi connections, app usage, and even how long you stayed in certain places. All of that data was anonymized and sold to companies researching consumer behavior. In return, you got GEO tokens - daily, like clockwork.

How the Airdrop Actually Worked

The airdrop wasn’t a one-time giveaway. It was a daily reward system.

  • Download the GeoDB app (Wallace Wallet) from the App Store or Google Play.
  • Create a wallet inside the app - this stored your GEO tokens.
  • Enable location services so the app could collect data.
  • Claim your daily bonus: typically 1-5 GEO tokens per day, depending on activity.
  • Invite friends using your referral code (like MDHALIM759_PXGYZQ) to earn extra tokens - sometimes up to 10 GEO per referral.
Some regional promotions offered bigger payouts. One campaign in India gave 10 GEO tokens to the first 2,000 users who signed up via Bitforex. That’s roughly $0.50 at today’s prices, but back then, early adopters thought they were onto something big.

The app didn’t drain your battery or slow your phone - at least not noticeably. But it did ask for a lot of permissions: location, storage, even access to installed apps. Most users didn’t read the fine print. They just saw ā€˜free crypto’ and clicked ā€˜Accept’.

The Token: GEO on Ethereum (Then ODIN Chain)

GEO tokens were built on Ethereum as an ERC-20 token with the contract address 0x147f...126750. The total supply was capped at 350 million GEO. By the end of the airdrop, about 313 million had been minted. But here’s the catch: only 82 million ever made it into circulation. The rest were locked up for team members, investors, and future development.

In 2023, GeoDB announced a major shift: they were moving GEO from Ethereum to their own blockchain, ODIN Chain. This wasn’t just a technical upgrade - it meant old Ethereum wallets stopped working. Users had to migrate their tokens manually using the Wallace Wallet app. Many didn’t. Some lost access forever.

What’s GEO Worth Today?

As of November 2025, GEO trades at around $0.0001664. That’s less than a tenth of a cent. The 24-hour trading volume? Just $120.24. For context, that’s less than what a single Bitcoin miner spends on electricity in 10 minutes.

The token is still listed on Uniswap V2 (Ethereum) and a few smaller exchanges like Bitforex. But there’s almost no liquidity. The last trade on Uniswap happened two days ago. Most of the trading activity you see is bots or tiny wallets dumping leftover tokens.

Market cap? Around $13.7 million - barely a blip compared to even the smallest real cryptocurrencies. The price has dropped 6.3% over the last month. The 24-hour spike you might see? Usually just someone selling off a few thousand tokens they forgot they had.

A user shares GEO tokens while big tech hoards data in a surreal, warped marketplace scene.

Why Did It Fizzle Out?

The airdrop attracted tens of thousands of users. But retention? Not so much.

  • Low value: Even at its peak, GEO was worth pennies. Most people didn’t see enough upside to keep the app running.
  • Privacy concerns: People got nervous about location tracking. Some deleted the app after a few weeks.
  • No real utility: You couldn’t use GEO to buy anything. No merchant accepted it. No DeFi protocol integrated it.
  • Migration mess: The switch to ODIN Chain confused users. Many didn’t know how to move their tokens - and lost them.
  • Marketing faded: The YouTube videos and Telegram groups went quiet. No new features. No updates. Just silence.
The original promise - ā€˜earn $5 a day’ - turned out to be pure hype. Even the most active users rarely cleared $0.10 in a week. By 2022, most forums and Reddit threads about GeoDB had turned into obituaries.

What Happened to the Team?

The GeoDB team quietly rebranded to Wallace Wallet. They still maintain the app - but now it’s more of a wallet than a data miner. The app still opens, still shows your GEO balance, and still connects to ODIN Chain. But there are no new features. No new campaigns. No announcements.

The official Telegram group (t.me/WallaceWallet) has about 1,200 members. Most posts are automated alerts or replies to users asking, ā€˜Is this still active?’

No one’s been fired. No lawsuit has been filed. But the project is effectively dead in all but name.

Should You Still Download the App?

No.

There’s no point. You won’t earn meaningful amounts. The token has no use. The app still collects location data - but now, there’s no reward worth the privacy trade-off.

If you already have GEO tokens in an old wallet: you can still check the balance via the Wallace Wallet app. But unless you’re a collector or someone who believes in a long-shot rebound, there’s no reason to hold onto them.

What Can You Learn From This?

The GeoDB airdrop is a textbook case of how not to build a sustainable crypto project.

  • Don’t promise earnings you can’t deliver - even if it’s ā€˜free crypto.’
  • Token value isn’t built by airdrops. It’s built by utility, adoption, and trust.
  • Location data is valuable - but users won’t give it up unless they get real, lasting value.
  • Migration without clear communication = lost tokens = lost trust.
It’s a reminder: if a crypto project sounds like it’s paying you to do nothing, it’s probably not worth your time - or your data.

An abandoned phone floats with fading GEO tokens and a broken ODIN Chain logo in faded colors.

Is GEO Still Being Traded?

Technically, yes. You can still buy and sell GEO on Uniswap V2 and Bitforex. But there’s almost no demand. The spread is wide - over 0.6% - meaning you lose money just by trading. Most buyers are either curious newcomers or people trying to dump old tokens they forgot about.

The last major price surge happened in late 2020. Since then, it’s been a slow, steady decline. No news. No updates. No community buzz. Just a quiet, fading asset.

Can You Still Claim GEO Tokens from the Airdrop?

No. The official airdrop campaign ended in 2021. The daily claiming feature was removed from the app. Even if you download Wallace Wallet today, you won’t find any way to earn new GEO tokens.

The only way to get GEO now is to buy it from someone else - and even then, you’re buying a token with no real use case and almost zero liquidity.

What’s the Future of GeoDB/Wallace Wallet?

There’s no public roadmap. No team updates. No new partnerships. The ODIN Chain migration was the last major move. Since then, silence.

Some speculate the team moved on to other projects. Others think they’re just maintaining the app to avoid legal issues around the data they collected. Either way, GeoDB is no longer an active innovation. It’s a relic.

Final Thoughts

The GeoDB airdrop was a bold idea - paying people for their data. But bold doesn’t mean sustainable. Without real utility, clear communication, and ongoing value, even the most promising crypto projects fade into obscurity.

GEO tokens still exist. The app still runs. But the dream? It died with the last airdrop notification.

If you’re looking for a crypto project that rewards you for your data - keep looking. GeoDB isn’t it.

Was the GeoDB airdrop real?

Yes, the GeoDB airdrop was real. Between 2020 and 2021, tens of thousands of users downloaded the Wallace Wallet app and earned GEO tokens by allowing location tracking and referring friends. The tokens were distributed via smart contracts and tracked on the Ethereum blockchain. However, the campaign ended years ago, and no new tokens are being issued.

Can I still earn GEO tokens today?

No. The daily claiming feature and referral rewards were shut down after 2021. Downloading the Wallace Wallet app today will not give you any new GEO tokens. The only way to get GEO now is to buy it from someone else on a decentralized exchange like Uniswap - but trading volume is extremely low.

Is GEO worth anything today?

As of November 2025, GEO trades at approximately $0.0001664. With a circulating supply of 82.64 million tokens, the total market cap is around $13.7 million. But with only $120 in daily trading volume, the token has almost no liquidity. It’s not worth holding for investment purposes - it’s essentially a dead asset with minimal buyer interest.

What happened to the GeoDB app?

The GeoDB app was rebranded as Wallace Wallet. It still exists on the App Store and Google Play, but it no longer offers earning features. It now functions only as a wallet for holding existing GEO tokens and connecting to the ODIN Chain. No new features, updates, or promotions have been released since 2022.

Did people lose their GEO tokens?

Yes. When GeoDB migrated from Ethereum to ODIN Chain in 2023, users had to manually transfer their tokens using the Wallace Wallet app. Many didn’t know how to do it, didn’t receive clear instructions, or simply deleted the app. Thousands of tokens were permanently lost - and there’s no way to recover them.

Is GeoDB a scam?

It’s not a scam in the legal sense - no one was directly stolen from. But it was a classic case of overpromising and underdelivering. The project made bold claims about data monetization and daily earnings, but never delivered real utility or long-term value. The lack of transparency, communication, and follow-through makes it a cautionary tale - not a scam, but definitely not worth your time today.

14 Comments

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    Genevieve Rachal

    November 1, 2025 AT 06:22

    This was never about data ownership-it was a glorified spyware scheme with a crypto glitter coating. People thought they were getting rich, but they were just feeding a corporate data farm with zero ROI. And now? The app still runs like a ghost town, collecting your location for nobody. Classic crypto bait-and-switch. 🤔

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    Eli PINEDA

    November 3, 2025 AT 04:25

    wait so u mean like… we got paid in tokens that are now worth less than a gum wrapper?? šŸ˜… i still have like 300 geo in my wallet and i forgot i even had them. lol. i thought i was gonna buy a car with this. smh.

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    Debby Ananda

    November 3, 2025 AT 18:30

    How quaint. 🄱 You all think this was a ā€˜mistake’? No, darling-it was a *performance art piece* on the delusion of Web3. The team knew the tokens would collapse. They just needed enough warm bodies to mine location data for their corporate clients. The real crypto was always the data. You were never the customer-you were the product. šŸ’…

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    Vicki Fletcher

    November 4, 2025 AT 05:38

    I just… I don’t understand how people didn’t see this coming. The app asked for access to your installed apps, your location history, your Wi-Fi logs-everything. And the reward? A token that couldn’t buy you a coffee. And then they switched chains without a clear guide? I mean… c’mon. I had 87 GEO, and I didn’t migrate. I didn’t even care anymore. It’s not that I lost money-it’s that I lost trust. And that’s harder to get back.

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    Nadiya Edwards

    November 5, 2025 AT 11:54

    They didn’t just fail-they betrayed the very idea of decentralization. You think Google and Apple are bad? At least they don’t pretend to be your friend while harvesting your life. GeoDB sold out the movement. They used the language of liberation to build a new kind of prison. And now? The only thing left is silence. And that’s the loudest kind of guilt.

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    Ron Cassel

    November 6, 2025 AT 07:35

    Mark my words-this was a Fed-backed data harvesting operation from day one. They needed to map every phone in America to predict consumer trends for the surveillance state. The ā€˜airdrop’? A cover. The tokens? A placebo. The migration to ODIN Chain? A clean slate to erase the trail. Don’t you get it? They never wanted you to profit. They wanted you to normalize giving up your location for free. And you did. You all did.

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    naveen kumar

    November 6, 2025 AT 10:50

    Actually, the project was not entirely without merit. The concept of data monetization via blockchain is valid. The execution was poor, yes. But the failure was due to poor tokenomics and lack of community governance-not because the idea was flawed. Many Indian users earned decent amounts during the regional campaign. The problem was the team’s inability to scale responsibly. This is not a scam; it’s a lesson in premature monetization.

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    Bruce Bynum

    November 8, 2025 AT 09:24

    Look, I downloaded the app for the free crypto. Didn’t make much. But I learned something: if it sounds too easy, it probably is. I deleted the app. Got back my privacy. That’s the real win. Don’t chase tokens-chase your peace of mind. šŸ™Œ

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    Wesley Grimm

    November 9, 2025 AT 06:27

    The liquidity metrics confirm what the narrative suggests: dead asset. Trading volume below $150/day? That’s not a market-it’s a graveyard. The fact that Uniswap still lists it is a regulatory oversight. No one’s buying. No one’s selling. Just bots. And the team? Silent. This isn’t a project-it’s a digital corpse.

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    Masechaba Setona

    November 9, 2025 AT 17:26

    Let me tell you something about capitalism, darling. šŸ˜ They didn’t fail-they *succeeded*. They got millions of people to willingly hand over their movements, habits, routines-everything-for pennies. And now? They’ve got the data. The tokens? Just the candy to make the pill go down. You think you lost money? No. You lost your autonomy. And that’s priceless. šŸ’€

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    Kymberley Sant

    November 10, 2025 AT 12:38

    i rememba when i got like 5 geo a day and thought i was gonna be rich 😭 then i checked the price and i was like… wait this is like 2 cents?? i still have the app open on my phone. just to see the balance. it’s like a sad little trophy now.

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    Edgerton Trowbridge

    November 12, 2025 AT 01:07

    It is imperative to recognize that this case study exemplifies the critical failure of incentive alignment in decentralized systems. The economic model was predicated upon a premise that was fundamentally unsustainable: that users would consistently contribute high-fidelity behavioral data for token rewards of negligible real-world value. Furthermore, the unilateral migration to ODIN Chain without adequate user education or technical support constitutes a breach of fiduciary duty, however informal. The project’s collapse was not merely a market phenomenon-it was an ethical failure.

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    Matthew Affrunti

    November 13, 2025 AT 13:09

    Honestly? I’m glad I tried it. I didn’t make much, but I learned a lot about how crypto airdrops work. Now I check the fine print. I don’t give out location unless I know who’s using it. And I never chase ā€˜free money’ anymore. That’s the real win. Keep it real, folks.

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    mark Hayes

    November 14, 2025 AT 18:47

    Still have the app open on my lock screen. Just to see the balance. 82.64 million tokens out there… and no one cares. It’s like finding a dollar in an old coat-except the coat still tracks you. šŸ¤·ā€ā™‚ļø

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