The tiles around the globe are all valued based on the perceived value from the person or entity dropping digital assets.
For example, an XYO Token geomine has XYO's perceived value of that data. There's a dozens of variables that determine the value of a spot on the COIN map. There's also accessories and other items that can increase the value for a Geominer!
- SentinelX = 12x
- COIN Plus Plan = 2x
- COIN Plus Pro = 3x
- Reward Sharing (applicable if other geominers are nearby)
- And more!
All of this combines to create the value associated with an XYO Geomine. This also means that other people who geodrop XYO Tokens or different digital assets may have a different value associated with that location.
For example, a store owner may put big geomines around their store, because they perceive the value of the locations near their store as much more valuable. They may put more geodrops down in order to incentivize geominers to visit that location, and potentially even visit their store!