Hivemapper Price (HONEY)

What is Hivemapper (HONEY)?

Launched in November 2022, Hivemapper (HONEY) is a decentralized global mapping network that rewards its contributors for collecting high-volume 4K street-level imagery with dashcams through a Drive-to-Earn model.

Imagery acquisition devices come in the form of 4k Dashcams, which are a combination of a camera that records street-level imagery and a blockchain mining device. Users who operate dashcams thus mine and earn rewards in Hivemapper's native cryptocurrency token, HONEY.

Who are the Founders of Hivemapper?

Hivemapper was founded by Ariel Seidman (Co-Founder & CEO) and Evan Moss (Co-Founder & CTO).

What Makes Hivemapper Unique?

Building a global digital street-level imagery map is one thing, but keeping track of and mapping physical changes around the globe through time is far more difficult to achieve.

One might ask how this compares to Google Maps. Although Google Maps does a reasonable job of creating initial street-level coverage, they are unable to record changes to maps in a uniform way across the globe. Doing so would require vast amounts of people and resources that are currently unfeasible. Additionally, Google Maps uses expensive cameras, vehicles, and manpower solely for mapping. This cost is passed down to the customer.

Hivemapper takes a different approach. It leverages a vast number of people that already drive extensively during their day-to-day job to collect street-level imagery. This has two primary upsides;

• Lower Cost Maps - With Hivemapper mapping is a by-product and not the primary activity (People already drive for their main occupation). The primary result of this is a lower cost of service to access the data.
• More Up-To-Date Maps - Because anyone can join Hivemapper through the acquisition of relatively inexpensive hardware, more contributors contributing to the map will result in the same location being mapped more frequently.
• Higher Quality Maps - For many locations, Google Maps only passes by a specific location once every few years. If atmospheric and lighting conditions aren't ideal, it might take years before better imagery becomes available.

How Many Hivemapper (HONEY) Coins Are There In Circulation?

Approximate Mining Periods are Weekly between Monday - Friday and are distributed Wednesday the proceeding week. Contributors are rewarded for mapping unmapped roads and for updating old data (freshness). Additionally, they are rewarded when data is consumed by customers. The magnitude of rewards varies per region depending on the Multiplier. Please consult the Hivemapper explorer for details: https://hivemapper.com/explorer/.

Hivemapper (HONEY) Token

Blockchain: Solana Total supply: 10,000,000,000 HONEY Contract Address: 4vMsoUT2BWatFweudnQM1xedRLfJgJ7hswhcpz4xgBTy

Token Distribution:

• 40% to contributors as rewards for their ongoing participation in improving the Hivemapper Network
• 20% to investors for providing the startup capital required to launch the Hivemapper Network
• 20% to employees of Hivemapper Inc. for building the technical and operational systems required to run the Hivemapper Network
• 15% to Hivemapper Inc. for providing ongoing R&D and operational support for the Hivemapper Network
• 5% to the Hivemapper Foundation that governs and facilitates the ongoing success of the Hivemapper Network

Documentation: https://docs.hivemapper.com/honey-token/what-is-honey#honey-token-economic-concepts

Useful Links

Documentation: https://docs.hivemapper.com/ Website: https://hivemapper.com/