Hivemapper (HONEY)
The HONEY token is a unique digital currency that operates on the Solana blockchain. It serves as the backbone of the Hivemapper Network, a decentralized mapping platform launched in November 2022. This innovative network leverages AI to create a comprehensive map from everyday driving activities. The HONEY token is central to the network's economic incentives, balancing the needs of contributors and enterprises that utilize map data.
The Hivemapper Network
Building a decentralized map
The Hivemapper Network is designed to be open, global, and decentralized. It relies on a community of contributors who help build a constantly evolving map by collecting road-level imagery. Contributors can use dashcams or mobile phones for mapping, and they can also participate in AI Trainer games to refine and improve the map's machine learning models. This decentralized approach ensures that the Hivemapper Network remains fair and open, supported by the Hivemapper Foundation and an open-source ecosystem.
| Ticker | HONEY |
| Category | Solana Ecosystem |
| Website | https://hivemapper.com/ |
| @Hivemapper | |
| Telegram | +UnMYghleJYQwOGEx |
| Contract Addresses | |
|---|---|
| solana | 4v...Ty Copied! |
Permissionless contribution and data consumption
The network is built on a permissionless model, allowing anyone, anywhere to contribute data or consume map data from the Hivemapper Network. This open-access approach ensures that the network remains inclusive and accessible to a global audience, with basic rules governing participation.
The role of HONEY tokens
Incentives for contributors
HONEY tokens are integral to the Hivemapper Network's rewards-based system. Contributors to the map are rewarded with HONEY tokens for their efforts. These tokens represent a share of the economic benefits derived from the global mapping network. The amount of HONEY minted each week as rewards depends on Global Map Progress, regional advancements, and individual contributions, such as the freshness and quality of the submitted routes.
Utilization by enterprises
Enterprises and developers who utilize Hivemapper's map data must burn HONEY tokens to access the information. This mechanism ensures that the consumption of data supports the economic framework of the network. By balancing contributions with consumption, the HONEY token creates a sustainable ecosystem within the Hivemapper Network.