HiveMapper is a global decentralized map network built and developed on the Ethereum blockchain. Accordingly, this platform was born to encourage sharing of map data and geographic information between individuals and organizations.
More detailed and interesting information about the HiveMapper platform is awaiting you in the upcoming AZcoin content.
What is HiveMapper?
HiveMapper is a global decentralized mapping network built and developed on the Solana blockchain in November 2022. The platform was founded by Ariel Seidman (CEO) and Evan Moss (CTO).
According to the developers, HiveMapper was created to encourage sharing of mapping data and geographic information among individuals and organizations. Participants are rewarded with HONEY Coin (the platform’s official token) through the Drive-to-Earn model.
To participate in the HiveMapper network, users need to own image-capturing devices, 4K dashcams, and blockchain mining equipment. Using dashcams, users can contribute by collecting 4K street-level images and receiving HONEY Coin as a reward.
How does HiveMapper work?
From the outset, we mentioned that HiveMapper is a global decentralized mapping network, allowing everyone to participate and earn HONEY Coin through the Drive-to-Earn model. In other words, this platform leverages a large number of people who drive during their daily activities to collect street-level imagery for the system.
This is a relatively efficient approach as it offers several benefits, such as:
- Lower-cost mapping: Map creation is a byproduct of daily driving activities, not the primary focus, which helps lower the cost of accessing map data.
- More frequent updates: Since anyone can participate by purchasing affordable hardware, the increased number of contributors leads to more frequent updates at the same locations.
- Higher-quality maps: With contributions from many users, the quality of imagery and map coverage is significantly improved.
However, to be able to participate, users will need to own the photography and blockchain mining equipment we also mentioned earlier.
What’s special about HiveMapper?
From the very first information about HiveMapper, you might notice some similarities between this platform and Google Maps. However, the biggest difference between the two platforms is their ability to continuously capture changes on street-level maps.
While it cannot be denied that Google Maps has done an excellent job of creating detailed and comprehensive street-level maps, they have had to use expensive cameras, vehicles, and manpower to build these maps, and the cost is ultimately passed on to customers.
This is where HiveMapper comes in and sets itself apart by leveraging a large number of people who drive during their daily activities. This is considered a more efficient and cost-effective way to gather real-time data compared to Google Maps’ approach.
What is HONEY Coin?
HONEY Coin is the official cryptocurrency distributed through the HiveMapper platform and used as a reward for individuals participating in the network.
Specifications
- Token Name: HONEY Coin
- Ticker: HONEY
- Blockchain: Solana
- Contract: 4vMsoUT2BWatFweudnQM1xedRLfJgJ7hswhcpz4xgBTy
- Total Supply: 6.359.712.741 HONEY
- Circulating Supply: 2.543.840.260 HONEY
Token Allocation
Currently, HONEY Coin is being allocated as follows:
- Contributors: 40%
- Investors: 20%
- Team: 20%
- Research: 15%
- Fund: 5%
HONEY Coin Use Cases
At present, HONEY Coin is being used as an incentive reward for individuals who contribute to the platform as well as for incentives from the ecosystem.
Where to trade HONEY Coin?
If you are looking for a place to make HONEY Coin trading, the best crypto exchanges we recommend you are Kraken, Raydium,…
Besides, if you need a place to store the HONEY Coin you own, we encourage you to use an exchange wallet.
Conclusion
So we have come to the end of all the interesting content surrounding HiveMapper and we hope that you enjoy the content this time. Once again, thank you for taking the time to follow, and hope we will see you again in other content at AZcoin.
I am Tony Vu, living in California, USA. I am currently the co-founder of AZCoin company, with many years of experience in the cryptocurrency market, I hope to bring you useful information and knowledge about virtual currency investment.
Email: [email protected]
