Hivemapper is a pioneering DePIN (Decentralized Physical Infrastructure Network) project focused on building a comprehensive global map through community contributions. Users purchase Hivemapper’s dashcams, record their journeys, and share the data with the project, earning HONEY tokens as rewards for their contributions. Hivemapper aims to create a more detailed and accurate map, challenging established giants like Google Maps and Apple Maps.
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Hivemapper interface.
How Hivemapper Works
Users join the Hivemapper network by purchasing a dashcam, currently priced at around $500. Journey data from these dashcams is transmitted to the platform, which Hivemapper then uses to build and sell maps to individuals and businesses. This model significantly reduces Hivemapper’s infrastructure and equipment costs compared to traditional mapping methods. For example, Google Maps spends over $500 million on vehicles and data collection technology. With the same investment, Hivemapper could produce and sell one million dashcams.
chi phí của google và hivemapperComparison of Google and Hivemapper costs. Image: Messari.
The key challenge for Hivemapper is attracting a large user base to purchase dashcams and contribute data. To incentivize participation, Hivemapper rewards contributors with HONEY tokens based on several factors:
- Data Volume: More data contributed translates to higher HONEY rewards.
- Geographic Location: Rewards vary based on location. For example, contributors in the US currently earn more than those in Vietnam. In 2024, Hivemapper is prioritizing Europe, North America, and select Asian countries (South Korea, Singapore, Taiwan).
- Bonus Programs: Additional rewards are available through various programs, events, and referrals.
Beyond dashcams, Hivemapper is developing two other products: Buzz, allowing users to contribute data via their smartphones, and Map AI, enabling users to identify and tag objects like traffic lights and road signs, further enhancing map detail and accuracy. Addressing privacy concerns, Hivemapper asserts its commitment to legal compliance in various countries and ensures user data protection.
Decoding the HONEY Token
HONEY Token Key Metrics
- Token Name: Hivemapper
- Ticker: HONEY
- Blockchain: Solana
- Contract: 4vMsoUT2BWatFweudnQM1xedRLfJgJ7hswhcpz4xgBTy
- Token Type: Utility, Governance
- Total Supply: 10,000,000,000 HONEY
HONEY Token Allocation
- Token Reward: 40%
- Investor: 20%
- Employees: 20%
- Hivemapper Inc: 15%
- Foundation: 5%
HONEY token allocation.
The Team, Investors, and Partners Behind Hivemapper
The Hivemapper Team
Hivemapper’s team comprises experienced individuals in finance and the crypto market, including:
- Ethan Van Andel: Founder of Hivemapper. Limited public information is currently available about him.
- Ariel Seidman: Co-Founder and CEO of Hivemapper. Prior to Hivemapper, he held management positions at Yahoo and founded the startup Gigawalk.
- Evan Moss: Co-Founder and CTO of Hivemapper. He previously worked as an engineer at EarthX and Minerva Project.
The Hivemapper team.
Investors and Partners
Hivemapper has raised $21 million across two funding rounds:
- November 5, 2015: $5 million Seed round led by Spark Capital, with participation from GV (Google Ventures), Founder Collective, and others.
- April 5, 2022: $18 million Series A round led by Multicoin Capital, with participation from Solana Ventures, Homebrew, and others.
Hivemapper’s strategic partners include Web2 tech startups like Breeze and Here.
Similar Projects
- Helium: A DePIN project focused on developing a community-owned 5G network.
- Gradient Network: A DePIN protocol enabling anyone to participate in, share, and access dedicated computing resources for AI applications.
