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

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 ‘free crypto’ and clicked ‘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.

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 - ‘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, ‘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 ‘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.

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.