Hivemapper
HONEY Rank 1128 Rank 1128
$0.000569 (-0.63%)

Hivemapper HONEY price:

$0.000569 (-0.63%)
1h-0.40%
24h-0.63%
Week-16.56%
Month-53.32%
Year-97.30%
ETH 0.00000030 (-1.84%)
BTC 0.08896 (-0.81%)
$0.000568 24h Range $0.000587
The live Hivemapper price today is $0.000569, with a 24-hour trading volume of $43,288.96. HONEY has changed -0.63% in the last 24 hours.

Hivemapper (HONEY) Metrics

Basic info
Source code
Asset type
Contract Address
Explorers
Market Cap Rank 1128
$3,472,464.00 BTC 55.00
All Time High
$0.243351 03 Mar 24 % to ATH (42,626.46%)
Volume (24h) Rank 2386
$43,288.96 BTC 0.682649
Circulating Supply
Update supply form
6,106,631,570 Total:6,383,769,886 Max: 10,000,000,000

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Hivemapper (HONEY)

What is Hivemapper?

Hivemapper (HONEY) is a decentralized mapping network launched in 2022 by Hivemapper Inc. The project aims to create a global, continuously updated map using dashcam data contributed by its community. Operating on the Solana blockchain, Hivemapper leverages its native token, HONEY, primarily for incentivizing contributors who map new areas or update existing ones. The Hivemapper network utilizes a decentralized approach to map creation, allowing individuals to earn HONEY tokens by capturing and uploading street-level imagery. This imagery is then processed and integrated into the Hivemapper map, providing an alternative to traditional, centralized mapping services. The use of blockchain technology ensures transparency and security in the data contribution and reward process. Hivemapper distinguishes itself through its innovative use of blockchain to democratize mapmaking, encouraging participation from users worldwide. This approach not only enhances the map's accuracy and coverage but also fosters a community-driven ecosystem that rewards contributors for their efforts.

When and how did Hivemapper start?

Hivemapper originated in April 2022 when the founding team released its whitepaper, outlining the vision for a decentralized mapping network. The project aimed to create a global map built by contributors using dashcams, rewarding them with cryptocurrency tokens. The initial development phase focused on building the technical infrastructure necessary to support this decentralized mapping ecosystem. Hivemapper's mainnet launched in November 2022, marking its first public availability and allowing contributors to start mapping and earning tokens. The initial distribution of tokens was designed to incentivize early adoption and participation in the mapping process, setting the stage for Hivemapper's growth and the expansion of its contributor network.

What’s coming up for Hivemapper?

According to official updates, Hivemapper is gearing up for several key developments. A significant upcoming milestone is the launch of enhanced mapping capabilities planned for the next quarter, which aims to improve data accuracy and coverage. Additionally, Hivemapper is focusing on expanding its network by integrating with new geographic regions, expected to roll out in phases over the next few months. Another important initiative includes a planned governance proposal to enhance community participation in decision-making processes, targeted for the upcoming quarter. These milestones are designed to strengthen Hivemapper's mapping infrastructure and community engagement, with progress being actively tracked through their official communication channels.

What makes Hivemapper stand out?

Hivemapper stands out by leveraging a decentralized mapping network, which is built on blockchain technology to ensure transparency and security. This approach enables contributors worldwide to capture and update map data using dashcams, creating a dynamic, constantly evolving map. The architecture is designed to incentivize contributors through a native token system, rewarding them for their data contributions and participation in the network. This decentralized model not only enhances the accuracy and timeliness of map data but also reduces reliance on traditional, centralized mapping services. Additionally, Hivemapper's integration with blockchain ensures data integrity and immutability, providing a trustworthy mapping solution. The ecosystem benefits from partnerships with various tech and automotive companies, further solidifying its position as a unique player in the mapping industry.

What can you do with Hivemapper?

Hivemapper offers a decentralized mapping platform powered by the HONEY token. Users can contribute to the creation and maintenance of maps by capturing street-level imagery through dashcams, earning HONEY tokens as rewards for their contributions. These tokens can be used for various on-chain activities such as transactions within the Hivemapper ecosystem. Holders of HONEY can participate in governance by voting on proposals that affect the development and management of the Hivemapper platform. Developers can leverage the Hivemapper API and SDK to build applications that integrate with the mapping data, enhancing functionality and expanding use cases. The ecosystem supports wallets that facilitate the storage and transfer of HONEY, enabling seamless interaction with the platform. Overall, Hivemapper empowers users and developers to engage in a collaborative mapping effort, offering incentives and tools to foster innovation and participation.

Is Hivemapper still active or relevant?

Hivemapper remains active with ongoing developments and updates. As of recent months, the project has focused on enhancing its decentralized mapping platform, which incentivizes users to contribute to a global map through cryptocurrency rewards. Hivemapper continues to be relevant in the geospatial data sector, leveraging blockchain technology to offer an alternative to traditional mapping services. The project has maintained its presence through active social media engagement and community updates, highlighting recent partnerships and integrations that expand its ecosystem. These efforts underscore its continued relevance and activity within the decentralized mapping and geospatial data landscape.

Who is Hivemapper designed for?

Hivemapper is designed for consumers and contributors who are interested in decentralized mapping. It enables individuals to capture and contribute street-level imagery using dashcams, thereby helping to build a global, decentralized map. The platform provides tools and resources such as a user-friendly app and compatible dashcams to facilitate easy data collection. Secondary participants, like data validators and map editors, engage by reviewing and improving the accuracy of the map data. These participants contribute to the ecosystem by ensuring the quality and reliability of the mapping data, which is crucial for various applications such as navigation and geographic analysis.

How is Hivemapper secured?

Hivemapper employs a Proof of Physical Work (PoPW) consensus mechanism, which is unique in that it involves contributors capturing real-world imagery using dashcams. These contributors, or "mappers," help maintain the network by providing updated map data. The network relies on cryptographic techniques such as ECDSA for transaction authentication and data integrity. Incentives are aligned through token rewards for contributors who provide accurate and timely map data, while mechanisms are in place to penalize or reduce rewards for inaccurate contributions, discouraging malicious behavior. The security of the Hivemapper network is further reinforced by regular audits and a robust governance framework that ensures transparency and accountability. These measures collectively contribute to the integrity and resilience of the network, ensuring that it remains secure and reliable for users relying on its mapping services.

Has Hivemapper faced any controversy or risks?

Hivemapper has faced certain controversies and risks primarily related to privacy and data security concerns. As a decentralized mapping platform, Hivemapper collects geospatial data contributed by users, which raises questions about how this data is stored, managed, and potentially shared. To address these concerns, the Hivemapper team has implemented robust encryption and access controls to protect user data. Additionally, they have been transparent about their data handling policies and have engaged in regular audits to ensure compliance with privacy standards. Technical risks, such as potential vulnerabilities in the platform's code, are also a concern. Hivemapper has responded by conducting security audits and encouraging community participation through bug bounty programs to identify and fix any issues promptly. Ongoing risks for Hivemapper include market volatility and regulatory changes that could impact the operation of decentralized platforms. The team mitigates these by maintaining transparency with stakeholders and adapting to regulatory developments.

Hivemapper (HONEY) FAQ – Key Metrics & Market Insights

Where can I buy Hivemapper (HONEY)?

Hivemapper (HONEY) is widely available on centralized cryptocurrency exchanges. The most active platform is Coinbase, where the HONEY/USD trading pair recorded a 24-hour volume of over $13 330.00. Other exchanges include Kraken and Gate.

What's the current daily trading volume of Hivemapper?

As of the last 24 hours, Hivemapper's trading volume stands at $43,288.96 , showing a 47.54% decline compared to the previous day. This suggests a short-term reduction in trading activity.

What's Hivemapper's price range history?

All-Time High (ATH): $0.243351
All-Time Low (ATL): $0.000568

Hivemapper is currently trading ~99.77% below its ATH and has appreciated +0% from its ATL.

What's Hivemapper's current market capitalization?

Hivemapper's market cap is approximately $3 472 464.00, ranking it #1128 globally by market size. This figure is calculated based on its circulating supply of 6 106 631 570 HONEY tokens.

How is Hivemapper performing compared to the broader crypto market?

Over the past 7 days, Hivemapper has declined by 16.56%, underperforming the overall crypto market which posted a 0.26% gain. This indicates a temporary lag in HONEY's price action relative to the broader market momentum.

Cryptocurrencies are highly volatile and involve significant risk. You may lose part or all of your investment.

All information on Coinpaprika is provided for informational purposes only and does not constitute financial or investment advice. Always conduct your own research (DYOR) and consult a qualified financial advisor before making investment decisions.

Coinpaprika is not liable for any losses resulting from the use of this information.

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Hivemapper Basics

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  • Solana (SOL) Token (8127)
  • DePIN (125)
  • Made in USA (108)
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