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Hivemapper Detailed information about Hivemapper 2

Hivemapper

Overview

Hivemapper is a decentralized mapping network that allows users to contribute to a global map by sharing their driving data. It leverages blockchain technology to incentivize users to participate in the network.

Key Features

  • Currency: HONEY (Hivemapper Token)
  • Buying Currency: Available on exchanges like KuCoin and Gate.io.
  • Utility:
    • Used for network transactions and incentivizing data sharing.
    • Staking rewards for network validators.
  • Automation:
    • Smart contracts automate data sharing and reward distribution.
  • Utility in the Project:
    • Users can earn HONEY by sharing their driving data.
    • Validators can stake HONEY to secure the network and earn rewards.
  • API: Yes, Hivemapper provides an API for developers to integrate with their applications.
  • User Perspective:
    • Users can easily connect their vehicles to the Hivemapper network to share data and earn rewards.

How It Works

  1. Step 1: Users connect their vehicles to the Hivemapper network using a compatible device.
  2. Step 2: The device collects and shares driving data with the network.
  3. Step 3: Users earn HONEY tokens based on the amount of data shared.

Staking

  • Staking Requirements: Minimum of 1,000 HONEY tokens to become a validator.
  • Rewards: Validators earn a percentage of transaction fees and block rewards.

API Documentation

For detailed API documentation, visit Hivemapper API Docs.

Additional Resources