That makes sense, but as long as people cannot simply mine other coins via this platform also. Though still, it may create confusion in the eyes of investors as to what GeoCoin is. A platform for other currncies, or a coin that you can mine by collecting? By no means would it become just a novelty if it is just specified for GeoCoin. The ability for other cryptos to drop on the GeoCoin platform is just an extra feature, not the main drive. And it could cannibalize Geo, though now that you mention that Geo will first have to be purchased and that the fees are charges with Geos, then it somewhat makes sense. But it looks pretty bad at first sight. You saw the market cap drop.

If you analyze the chart carefully, the investors became pleased with the idea that the coin can be mined by collecting, instead of using software. This simplifies the entry barrier and reduces it to just having an app, instead of downloading a bunch of miscellaneous software and being very tech savvy to figure out how to mine coins. This will also make a fun way for people to "mine." Likewise, it will go viral, just like Pokemon Go, but it will never get old because it's money, not just a game that you can beat in two weeks (that's a novelty). Likewise, becoming an Ubix coin is great for security and preventing hacking. This was the best direction for the coin. The second news update was just a promise to make the app cool. The third.... it freaked out investors because they think that the platform is given away to other coins. If it is just being able to drop other coins, then cool. It freaked me out, to be honest. But it makes sense if that is all they will be able to do, is just drop them for a fee and not mine them via location. I would also be very careful to provide other coins your secret sauce to the Geo software, because then it CAN become a novelty, if other coins just simply recreate what you have been working so hard for. Then Geo will go down the drain.

Wait a minute. I've never heard of this coin, but isn't this like PokemomGO?

The potential that this would have had if Pokemon go players knew about it.

Edit: Just saw the chart on coinmarket cap. I've been really missing out.

Look, the last news is probably a great idea. As long as other coins cannot mine their coin on the Geo platform, but simply just drop them for a fee - being issued with GeoCoins. LIKEWISE, as long as competing cryptos do not have any capabilities to steal the platform, then it is okay. Otherwise, the coin is down the drain, and everyone is doing it. It is a great idea, but the intellectual property and specialty must be protected here. I mean, I'm sure you did not work on this coin for the past 3 years to have someone else mimic what you made.

Only GEO will be able to mine using Proof of Location, we don't control the specs of other cryptocurrencies.  We would like to add the ability to drop others in the future!  Hope that helps clear things up.

Likewise, the fees should be charges in GeoCoins, as to incentivize other cryptos to buy Geo in order to drop their own coins for promotional campaigns.

Perfect!!! Then it is a good decision!!! Go GeoCoin!!!

Is there an ETA to Mobile app Launch ?

 anyway this new idea wouldn't allow geocoin to reach to new heights because now this coin lost its authenticity, as I said earlier this this idea could be impelemented after one year of sustainable using of geocoins but not now. now many people/shops/coins creators etc will win but not geocoin community. I would be really glad if I'm not correct now

Yes, I think having the platform as a close source should help to prevent it from being copied. Again, I am sorry for my earlier freaking out. I was wrong about the dropping of other currencies, I think it is actually a great idea!!! Keep it up development team!!! I think GeoCoin will do very well!!! I hope that I did not sway the decision of any investors!!! I am truly sorry if I did!!! I would feel horrible if someone sold out because of my initial post!!! Please make your own decisions in buying or selling these currencies!!! Thank you everyone!!!