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/
How to Buy HONEY on an Exchange
Step 1: Choose a Reputable Exchange Platform
Select a trusted platform from among many available options for purchasing HONEY. Some reputable platforms include HTX、Bybit、Bitget, and others.
Step 2: Register an Account
Here, we'll register an account on the Bybit(registration link) trading platform. You may need to provide personal information such as phone number and email to complete the registration process.
Step 3: Complete Identity Verification
For security purposes, some platforms may require you to complete identity verification. Follow the platform's instructions to provide necessary identity information (such as country/ID number) and undergo facial recognition. Once your identity is confirmed, you'll receive notification.
Step 4: Link Bank or Payment Method
Link your bank account or other payment methods to the exchange platform for making payments when purchasing HONEY.
Step 5: Purchase HONEY
Find the option to buy coins on the exchange platform, choose the C2C coin purchase process, and then input the quantity of HONEY you wish to purchase. Typically, you'll choose to buy USDT first and select your preferred payment method. Simply place the order, make the payment to the seller, and you'll receive the cryptocurrency. Once payment is complete, you can use your exchange assets to buy HONEY.
Step 6: Store Your HONEY
After purchasing, you can choose to store your HONEY in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.
Step 7: Security Reminder
To protect your exchange account and HONEY assets, be sure to use a strong password and enable two-factor authentication.
HONEY Price:Hivemapper Network was launched in November 2022 as an open, global, decentralized mapping network. It utilizes artificial intelligence to build maps based on our daily driving activities. Thanks to its vibrant community of contributors, the Hivemapper Network collects millions of kilometers of road imagery every week.The price fluctuates daily, you can go to the exchange: Bybitto check the price.
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