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Hivemapper Detailed information about Hivemapper 2

Hivemapper

Overview

Hivemapper is a decentralized physical infrastructure network (DePIN) that leverages blockchain technology to create a detailed, up-to-date map of the world. By utilizing dashcams and AI, Hivemapper collects street-level imagery in real-time, rewarding contributors with its native cryptocurrency, HONEY. The platform aims to provide a cost-effective, community-driven alternative to traditional mapping services like Google Maps, enabling developers and enterprises to access high-quality, frequently updated map data.

Key Features

  • Currency: $HONEY (native token).
  • Buying Currency: $HONEY is available on major exchanges like Coinbase, Orca, and Kraken.
  • Utility:
    • Rewards: Contributors earn $HONEY for submitting dashcam imagery or performing tasks to train AI models.
    • Data Consumption: Developers burn $HONEY to access map data and build products for customers.
    • Governance: $HONEY holders can participate in network decisions, such as pricing adjustments for map credits.
  • Automation:
    • AI-driven edge computing and data filtering techniques ensure efficient processing of street-level imagery.
    • Smart contracts automate reward distribution and data consumption, maintaining a balance between supply and demand.
  • API: Yes. Hivemapper provides APIs for developers to integrate map data into their applications.
  • User Perspective:
    • Contributors: Earn $HONEY by mapping unmapped roads or updating outdated data using dashcams.
    • Developers: Access fresh, high-quality map data to build innovative location-based applications.

How It Works

  1. Data Collection:
    • Contributors use dashcams to capture street-level imagery, which is uploaded to the Hivemapper network.
  2. Data Processing:
    • AI algorithms process the imagery, filtering and organizing it into usable map data.
  3. Rewards & Consumption:
    • Contributors receive $HONEY tokens as rewards, while developers burn $HONEY to access the data for their projects.

Staking

  • Staking Requirements:
    • While staking is not mandatory for contributors, developers must burn $HONEY to consume map data, creating a deflationary mechanism.
  • Rewards:
    • Contributors earn $HONEY based on the quality and relevance of their submitted data.
    • Developers benefit from access to up-to-date map data, enabling them to build competitive products.

Documentation

For technical guides, tokenomics, and API integration:

Additional Resources

  • Official Links:
  • Community:
  • Partnerships:
    • Collaborations with Solana and Jito Labs enhance blockchain integration and liquidity.

Ecosystem Components

Product Functionality
Hivemapper Explorer A tool for exploring and analyzing map data collected by the network.
Hivemapper Dashcam Specialized hardware for contributors to capture high-quality street-level imagery.
Hivemapper API Enables developers to integrate Hivemapper data into their applications.

Tokenomics

  • Total Supply: 6.4B
  • Distribution:
    • Rewards for contributors, data consumption by developers, and ecosystem incentives.

FAQ

  1. Is it usable by the average DePIN user?
    Yes, Hivemapper is designed to be accessible to both contributors and developers. Contributors can easily participate using dashcams, while developers can integrate map data via APIs.

  2. Can I pay with tokens to use the DePIN product offered by the project?
    Yes, developers must burn $HONEY tokens to access map data for their projects.

  3. Can tokens be automatically switched from other standard tokens (e.g., ETH, BTC)?
    While $HONEY is the native token, it can be traded on exchanges like Coinbase and Orca. Automatic token switching is not natively supported but can be done through external exchanges.

  4. If I would provide the service, what is my ROI, do we need to stake, etc.?
    Contributors can earn $HONEY by mapping roads, with an average daily earning of $2.82 per device. Staking is not required for contributors, but developers must burn $HONEY to access data.

  5. Why does the project exist, why do the people and the planet need it?
    Hivemapper exists to create a decentralized, cost-effective alternative to traditional mapping services. It empowers individuals to contribute to global mapping efforts while providing developers with fresh, high-quality data.

  6. Is it geo-aware?
    Yes, Hivemapper collects geo-specific street-level imagery, ensuring accurate and localized map data.

  7. Is it cost-effective?
    Hivemapper is highly cost-effective, leveraging community contributions to reduce mapping costs compared to traditional methods.