Hivemapper

About Hivemapper

Hivemapper is a decentralized mapping network that relies upon a community of contributors to build the freshest global map. Contributors earn HONEY tokens in exchange for uploading real-time map data, ensuring the map stays updated and accurate, while customers – including 3 of the top 10 global mapping companies – burn HONEY to consume valuable map data. This crowdsourced approach provides a dynamic alternative to traditional mapping services, which often rely on outdated data. Highlight/Vision: The Hivemapper Network is an open, global, and decentralized mapping network that uses AI to build a map from the driving we do everyday. Thanks to its vibrant contributor community, the Hivemapper Network collects millions of kilometers of road-level imagery every week. Token Economics: HONEY tokens are used to create economic incentives across the Hivemapper Network, while balancing the needs of two groups within our eco_: Contributors who help build the map. They can receive HONEY as a reward for: Mapping with their dashcam Mapping with their phone Training the Map AI by labeling and editing data Enterprises and Developers who consume map data to support their products and services. HONEY is burned whenever they consume data from the Hivemapper Network. Technical Overview: An on-chain marketplace between the Hivemapper Network’s contributors and customers is created through a Burn and Mint structure. This _ is based on a Net Emissions Model, which means that whenever map consumers burn tokens to access services on the network, a share of the tokens is reissued to contributors as Map Consumption Rewards. Token Allocation: 40% to contributors as rewards 20% to investors for providing capital to launch the Hivemapper Network 20% to employees for enabling the launch of the Hivemapper Network 15% to Hivemapper Inc. for ongoing R&D and operational support 5% to the Hivemapper Foundation for network growth initiatives At network launch on Nov. 3, 2022, the Hivemapper Network began the process of minting and distributing 4 billion $HONEY to contributors as rewards. The exact amount of HONEY minted each week is not fixed, but rather, determined by Global Map Progress. For up-to-date information on HONEY supply and transaction history, see Solscan.