Onocoy Association
Onocoy Association operates a decentralized GNSS reference station network where community operators stream RTCM3 RTK correction data for ONO token rewards, selling centimeter-level positioning services to global enterprise and self-serve consumers.
- Company typePrivate
- Founded2022
- HeadquartersZug, Switzerland
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Onocoy Association does
Onocoy Association is a Swiss non-profit association (Hünenberg See) that operates a decentralized physical infrastructure network (DePIN) for GNSS reference stations, selling centimeter-level Real-Time Kinematic (RTK) correction data to global customers. The platform crowdsources reference station hardware from a community of "miners" who stream standardized RTCM3 correction data over NTRIP to an onocoy-managed backend, which validates the data (including location movement detection and signal quality checks) and redistributes it to end users. Founded by industry veterans from u-blox and operating since at least 2023, onocoy runs a dual-entity structure: onocoy Association governs the platform and token economics, while onocoy Services AG, a Swiss Cost+ limited liability company, executes day-to-day development, marketing, and operations.
The technology stack is built around a custom NTRIP caster (servers.onocoy.com:2101) accepting RTCM3 MSM4/5/6/7 messages across GPS, Galileo, GLONASS, BeiDou, QZSS, and NavIC constellations. Onocoy operates one of the largest decentralized GNSS networks globally, with 7,500+ reference stations across 168 countries as of December 2025, up from 3,725 in January 2025. The ecosystem is reinforced by proprietary incentive systems including High Value Areas (time-boxed geographic reward multipliers) and Streak Appreciation (uptime-based rewards), plus an AI-powered GNSS fraud detection capability under development with ETH Zurich funded by a $1.5M ESA NAVISP grant. A Solana-based $ONO utility token (launched via TGE in 2025) powers governance, staking, and miner rewards, while non-transferable on-chain Data Credits meter customer consumption of correction data.
Onocoy monetizes through a hybrid subscription + pay-per-use pricing model: customers purchase prepaid Data Credits via credit card, then pay a base fee (monthly or annual) plus an hourly usage rate. Revenue streams include direct self-serve consumption via console.onocoy.com, direct B2B enterprise sales to correction service providers (first two B2B clients acquired in Q2 2025), and channel revenue from distribution partners (Calian, Tupaia, Stargate, Septentrio, NeuraLoc, Kindhelm, EUGEO, DroneDash) that resell hardware and/or data streams. A two-tier hardware partner program (SparkFun, ArduSimple, GNSS.STORE, Locosys, GNS Electronics, Autosteer, Sixents/qdnavi, Moon Systems) ensures a steady supply of compatible miner hardware. Cumulative investor funding stands at $6.5M, supplemented by the EUSPA #myEUspace €100K grant, a $940K strategic round in September 2024 (Thomas Seiler, Smart Island Capital), a $139K+ PinkSale presale, a Ryze Labs strategic investment, and the $1.5M ESA NAVISP grant.
Onocoy Association firmographics
Firmographics- Name
- Onocoy Association
- Legal name
- onocoy Association
- Website
- https://onocoy.com
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Onocoy Association operates a decentralized GNSS reference station network where community operators stream RTCM3 RTK correction data for ONO token rewards, selling centimeter-level positioning services to global enterprise and self-serve consumers.
- Ownership category
- akta.pro rank
Onocoy Association industry classification
Industry- Product category
- GNSS Correction Services
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Finance Services (6199), Services-Computer Processing & Data Preparation (7374), Services-Computer Programming Services (7371)
- akta.pro primary industry
- Blockchain Analytics & Transaction Monitoring (FSADALAB)
- akta.pro secondary industries
- Monitoring, Observability & Incident Response (alerts, traces, runtime monitoring) (FSAPABAJ), Settlement, Clearing & Reconciliation for Tokenized Assets (DvP, PvP, netting, post-trade) (FSAPAIAI)
Keywords
Where Onocoy Association is headquartered
LocationHeadquarters
- HQ city
- Zug
- HQ country
- Switzerland
- HQ region
- Europe
Offices3 records
Markets served
Onocoy Association business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales
Revenue model
- Subscription base fee for RTK correction data: Recurring base/subscription fee deducted in advance from prepaid Data Credits, with a billing frequency of either every 30 days or annually (365/366 days) depending on the selected plan.
- Pay-per-use hourly data consumption fees: Real-time hourly usage fee (PPU) deducted from Data Credits for the duration the customer actively uses the RTK correction service, layered on top of the base subscription fee.
- Data Credits prepaid top-ups: Customers pre-purchase Data Credits (non-transferable tokens pegged to fiat via an Oracle) via credit card; credits are drawn down by both base and usage fees.
- Token buyback and burn of ONO tokens: Portion of revenue is used to buy back and burn ONO tokens on the open market; 2025 saw buybacks/burns exceed 1.7M ONO, creating deflationary tokenomics tied to platform usage.
- Hardware partner channel sales (indirect): GNSS reference station hardware is sold to miner-operators via hardware partner storefronts (SparkFun, ArduSimple, GNSS.STORE, Locosys, GNS Electronics, Autosteer, Sixents/qdnavi, Moon Systems, Kindhelm); onocoy benefits from a larger installed base of compatible miners.
- Data stream resale by distribution partners: Distribution partners (EUGEO, Stargate, Septentrio, Calian, Kindhelm) can resell onocoy data streams to end users and enterprises, creating a channel-driven revenue layer.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Hybrid | Monthly | Subscription base fee + pay-per-use hourly fee, paid via prepaid Data Credits |
| Hybrid | Annual | Annual subscription base fee + pay-per-use hourly fee |
| Freemium | Pay-as-you-go | Loopback free-tier entitlement for station operators |
Go-to-market motion5 records
Distribution channels6 records
Marketing channels10 records
Onocoy Association product offering
Product offeringCore offering
Onocoy operates a community-powered, decentralized GNSS reference-station network that streams centimeter-level Real-Time Kinematic (RTK) correction data to end customers over NTRIP/RTCM3. Miners contribute reference-station data and earn ONO token rewards, while clients consume validated corrections via the onocoy Console using prepaid Data Credits on a subscription plus pay-per-use basis. The platform separates ownership/operation of reference-station hardware from the provision of correction services, settling usage via blockchain-based micropayments.
Product overview
Onocoy is a single unified product built around a decentralized physical infrastructure network (DePIN): the core platform is onocoy RTK, which streams centimeter-level Real-Time Kinematic GNSS corrections from a global network of miner-operated reference stations to end customers via NTRIP/RTCM3. Surrounding the core, onocoy offers onocoy STREAM as a high-volume correction tier, the free Loopback feature for operators to self-validate their station, and bonus programs (High Value Areas and Streak Appreciation) that pay extra $ONO tokens for geographic coverage and uptime. The economic layer is built on the Solana-based $ONO utility/governance token, complemented by non-transferable onocoy Data Credits that meter customer consumption, while the onocoy Console web app provides miner/customer management. Reference-station mining is enabled through a portfolio of onocoy-certified hardware products from partners including Septentrio (mosaic-X5), SparkFun, ArduSimple, GNS Electronics, Locosys, GNSS.store, Kindhelm (LOCANOS), Autosteer, QDNAVI/Sixents, and Moon Systems (onoLink miner), and correction data is delivered to B2B customers through distribution integrations with Calian, Tupaia, Stargate, and NeuraLoc.
Differentiator
Problem solved
Functional benefit
Brands
- onocoy RTK: Cloud-based RTK correction data service sold to end users via onocoy Services AG.
- onocoy STREAM
- ONOverse
- onocoy Loopback
- High Value Areas (HVA)
- Streak Appreciation
Products and services
- onocoy RTK Flagship Real-Time Kinematic (RTK) GNSS correction service that streams centimeter-level positioning data from a global network of miner-operated reference stations to end customers via NTRIP/RTCM3. Sold to B2B correction service providers, integrators, and self-serve customers via the onocoy Console using prepaid Data Credits.
- onocoy STREAM A streaming, high-volume tier of the onocoy correction service designed for continuous consumers of RTK data. Built on the same DePIN network and NTRIP/RTCM3 streaming infrastructure as onocoy RTK, packaged for sustained enterprise and integration workloads.
- onocoy Console Web application that serves as the self-serve management and consumption surface for onocoy: users register an account, purchase Data Credits, configure NTRIP credentials, and consume RTK data on a subscription + pay-per-use basis.
Quantifiable outcome
- Miner base grew from 3,725 (Jan 2025) to 7,500+ (Dec 2025) — over 100% growth in 12 months.
- +5 more outcomes
Companies that use Onocoy Association
Customer profileNamed customers3 records
Segments8 records
Ideal customer profiles3 records
Onocoy Association technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration14 records
AI capability4 records
Feature8 records
Onocoy Association partnerships and signals
Strategic signalPartnerships
34 partnerships are on record, tiered core, flagship and minor.
- autosteer.cccoreJoined the onocoy partner program; sells an onocoy RTK base station built on the Septentrio mosaic-X5. Announcement dated May 13, 2026.
- TupaiaflagshipIntegration of onocoy's decentralized global GNSS network with Tupaia's cloud-based positioning platform. Tupaia combines rover, phone, vehicle, and GNSS module measurements with static base station data for cloud-processed high-accuracy real-time positioning for mobility, robotics, automotive, and logistics. Quote from Aleksandar Kostadinov (onocoy) and Nadav Lavi (Tupaia CEO) included.
- NeuraLocflagshipNeuraLoc delivers AI-powered GNSS correction and integrity services for safety-critical applications (autonomous mobility, robotics, agriculture, infrastructure monitoring). Combines onocoy's global network with NeuraLoc's AI-based integrity layer for precision and reliability scoring. Quotes from Thomas Nigg (onocoy CEO) and Luis Serrano (NeuraLoc CEO).
- StargateflagshipLuxembourg-based GNSS correction service provider that has formally joined the onocoy Association. Stargate aggregates public and commercial GNSS reference-station networks into a streamlined RTK correction service; contributes network operations and QA expertise, inputs into onocoy's technical road-mapping, and ingests onocoy data into its own aggregated correction service. Quotes from Simon Litvinov (Stargate CEO), Dmitrii Kislenko, and Daniel Ammann (onocoy President).
- EUGEOcoreOfficial distribution partner in Romania. EUGEO distributes and integrates DePIN hardware in Romania; will actively promote onocoy's services, foster community growth, and drive regional adoption. Quote from Aleksandar Kostadinov (onocoy Head of Business).
- RTKfixcoreListed among onocoy's 2025 technology and distribution partners; partnership announcement referenced in 2025 year-in-review and later blog series.
- SkyTradecoreListed among onocoy's 2025 ecosystem partners per 2025 year-in-review.
- WeatherXMcoreListed among onocoy's 2025 ecosystem partners per 2025 year-in-review.
- AcurastcoreListed among onocoy's 2025 ecosystem partners per 2025 year-in-review.
- KindhelmflagshipFinnish company (founded 2017) that designs and manufactures affordable positioning solutions and is both a hardware partner (LOCANOS base stations) and a distribution partner for Finland. Listed among 2025 distribution partners accelerating regional adoption.
- DroneDashcoreListed among 2025 distribution partners accelerating regional adoption in Southeast Asia.
- SeptentrioflagshipListed as a distribution partner on the partner program page; also referenced as a 2025 distribution partner. Septentrio designs and manufactures high-precision GNSS receivers (mosaic-X5 used in the Autosteer base station).
- CalianflagshipListed as a distribution partner; March 2026 blog post 'Calian Adds onocoy to Supported GNSS Correction Services' confirms Calian has integrated onocoy into its supported correction services.
- SparkFun ElectronicsflagshipHardware partner offering GNSS RTK-capable hardware (SparkFun RTK mosaic-X5 base station). Provides direct support to hardware customers and pricing/support documentation.
- ArduSimpleflagshipHardware partner offering full-band, full-constellation GNSS base stations; designed and manufactured in Europe with free technical support.
- GNSS.STOREflagshipHardware partner; sells the BYNAV M20, Unicore UM980, and Mosaic X5 base stations for onocoy.
- Locosys TechnologycoreHardware partner offering GB-10WB and GB-104B GNSS base stations.
- GNS ElectronicscoreHardware partner offering the NTRIP-X triple-band GNSS base station.
- Moon SystemscoreHardware partner offering the onoLink miner, a multi-band, multi-constellation GNSS base station.
- Sixents Technology / qdnavicoreHardware partner; Sixents is a Beijing-based professional positioning solution provider specializing in high-precision GNSS and IMU terminals. Their G20 is a custom-built, geodetic-grade multi-band GNSS base station designed for onocoy.
- ETH Zurich (Benedikt Soja)flagshipAcademic research partnership with Prof. Benedikt Soja (Space Geodesy, ETH Zurich) for the development of AI/ML-based GNSS fraud detection under the ESA NAVISP project. ETH Zurich is publicly named a partner and contributor to the fraud-detection research.
- Universitat Autònoma de Barcelona (Alejandro Pérez Conesa)coreAcademic partnership: Alejandro Pérez Conesa, Associate Professor at UAB, is part of the expert team working on AI-powered GNSS fraud detection under the ESA NAVISP project.
- TrustSquarecoreListed as a 'Partners & consultants' organization on the team page.
- ValueX.iocoreListed as a 'Partners & consultants' organization on the team page.
- Devs GroupcoreListed as a 'Partners & consultants' organization on the team page.
- Tivan ConsultingcoreListed as a 'Partners & consultants' organization on the team page.
- Token Engineering LabscoreListed as a 'Partners & consultants' organization on the team page.
- Gold and HawkscoreListed as a 'Partners & consultants' organization on the team page.
- InnosuissecoreSwiss Innovation Agency listed as a 'Partners & consultants' organization on the team page; supports onocoy via Swiss innovation funding instruments.
- ESABIC (ESA Business Incubation Centre)coreListed as a 'Partners & consultants' organization on the team page; ESA-affiliated incubation partner.
- u-blox (Rodrigo Leandro)flagshipRodrigo Leandro (technology executive at u-blox) is listed both as an onocoy advisor and as a partner on the ESA-funded AI fraud-detection project, contributing deep GNSS expertise. Onocoy was founded by industry veterans from u-blox.
- Costas MeimitisminorListed as an advisor to onocoy on the team page.
- Isaac Hoyas EsterminorListed as a partner/consultant on the team page.
- Peter StegmaierminorListed as a partner/consultant on the team page.
Scale indicators11 records
Recent moves6 records
Expansion highlights7 records
Onocoy Association competitors and assessment
Company assessmentOthers
- u-blox: u-blox is a publicly listed Swiss provider of GNSS chips, modules, and correction services, and is the former employer of several onocoy founders and advisors (Thomas Seiler, Rodrigo Leandro). It is an enabling technology provider and ecosystem participant rather than a direct correction-service competitor in onocoy's segment.
Emerging players
- WeatherXM: WeatherXM is a DePIN network of community-operated weather stations that pays miners token rewards for hyperlocal meteorological data. Listed as an onocoy ecosystem partner, it shares the DePIN model and Solana-based token economics but operates in a different data vertical.
- Hivemapper: Hivemapper is a leading DePIN network that crowdsources street-level mapping and imagery via token-incentivized dashcam devices. While its category is mapping rather than GNSS corrections, it shares the same DePIN economic model, community-miner structure, and token-incentivized data marketplace with onocoy.
Broad incumbents
- Topcon Positioning: Topcon provides high-precision GNSS hardware and correction services for surveying, construction, agriculture, and machine control. It competes with onocoy for the same enterprise B2B and agricultural OEM customers via a fully proprietary reference-station infrastructure.
- Trimble: Trimble is the largest established provider of high-precision GNSS hardware, correction services (e.g., Trimble VRS Now, RTX), and positioning software. It serves the same agriculture, surveying, construction, and autonomy customers that onocoy targets, but via a proprietary, certified infrastructure stack.
- Hexagon (NovAtel): Hexagon's NovAtel division provides high-precision GNSS receivers and correction services (e.g., TerraStar, Oceanix) used by autonomous vehicles, agriculture, and surveying customers. It competes directly with onocoy for enterprise B2B correction-service revenue, with deep OEM integrations.
- Septentrio: Septentrio (now part of Hexagon) designs high-precision multi-frequency GNSS receivers, including the mosaic-X5 used in several onocoy-compatible base stations. It also operates correction services and is both an onocoy distribution partner and a partial competitor in correction data provision.
Direct peers
- Swift Navigation: Swift Navigation provides Skylark, a cloud-based wide-area GNSS correction service delivering centimeter-level positioning to autonomous vehicles, robotics, and IoT customers. It competes with onocoy for the same B2B correction-service-provider segment using a centralized, cloud-native architecture.
- Geodnet: Geodnet operates the most directly comparable DePIN-based decentralized GNSS reference station network, paying miners token rewards for streaming RTK correction data to a global marketplace. It targets the same correction-service-provider and enterprise B2B customers as onocoy with a similar token-incentivized model.
- Point One Navigation: Point One Navigation delivers RTK corrections and localization APIs to autonomous vehicles, drones, robotics, and IoT customers via its own reference station network. It is a direct B2B competitor to onocoy's correction-data offering.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat7 records
Key risks7 records
Key highlights7 records
Customer concentration
Onocoy Association social profiles
Digital presenceOnocoy Association compliance and trust
Trust signalCompliance2 records
Onocoy Association financial estimates
Financial estimateRevenue estimate
Valuation estimate
Onocoy Association leadership team
Management profileNumber of profiles
Profiles12 records
Onocoy Association subsidiaries and ownership
Company hierarchySubsidiaries1 record
Onocoy Association funding detail
Funding detailFunding overview
Funding rounds4 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Onocoy Association M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Onocoy Association
What does Onocoy Association do?
Onocoy operates a community-powered, decentralized GNSS reference-station network that streams centimeter-level Real-Time Kinematic (RTK) correction data to end customers over NTRIP/RTCM3. Miners contribute reference-station data and earn ONO token rewards, while clients consume validated corrections via the onocoy Console using prepaid Data Credits on a subscription plus pay-per-use basis. The platform separates ownership/operation of reference-station hardware from the provision of correction services, settling usage via blockchain-based micropayments.
Is Onocoy Association a public or private company?
Onocoy Association is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Onocoy Association founded?
Onocoy Association was founded in 2022. It employs 11 to 50 people.
Where is Onocoy Association based?
Onocoy Association is headquartered in Zug, Switzerland, in the Europe region.
How does Onocoy Association make money?
Six revenue lines are on record. Subscription base fee for RTK correction data is the primary driver. The others are pay-per-use hourly data consumption fees, data Credits prepaid top-ups, token buyback and burn of ONO tokens, hardware partner channel sales (indirect) and data stream resale by distribution partners.
Who are Onocoy Association's main competitors?
u-blox is listed as an others. Emerging players are WeatherXM and Hivemapper. Broad incumbents are Topcon Positioning, Trimble, Hexagon (NovAtel) and Septentrio. Direct peers are Swift Navigation, Geodnet and Point One Navigation.
Does Onocoy Association have an API?
Yes. Onocoy exposes an NTRIP (Networked Transport of RTCM via Internet Protocol) interface for miners to push reference station data to servers.onocoy.com on port 2101 and for clients to consume RTCM3 MSM4/5/6/7 correction streams. A fully public REST-style API is on the 2026 roadmap; partner integrations (e.g., Calian, Tupaia, NeuraLoc, Stargate) currently consume correction data via these streaming endpoints. The onocoy Console (console.onocoy.com) provides a web-based management UI for operators and miners. Developer documentation is at docs.onocoy.com.
What industry is Onocoy Association in?
Onocoy Association's product category is GNSS Correction Services. Its primary akta.pro industry code is FSADALAB, Blockchain Analytics & Transaction Monitoring, with a secondary code of FSAPABAJ, Monitoring, Observability & Incident Response (alerts, traces, runtime monitoring). Its NAICS code is 518 and its SIC code is 6199.