The Hivemapper Network is a system that incentivizes map coverage, freshness, and quality with ownership. By installing a simple 4K dashcam on a car or truck, a contributor can earn a new cryptocurrency, own part of the decentralized global map, and support the world’s critical geospatial infrastructure in a cost-effective way.
HONEY is the Hivemapper cryptocurrency of the decentralized mapping network. The Hivemapper Network is built on top of the Solana blockchain.
Map contributors mine HONEY by contributing to the Hivemapper Network. A fixed number of HONEY tokens are minted decreasingly over time. The maximum number of HONEY tokens that will ever exist is 10 billion.
Initially, collecting imagery to build Map Coverage is critical. Over time, the focus shifts to Map Annotation and Map Consumption as the map matures. The ‘clock’ is driven by the token minting schedule defined in screenshot which is controlled by overall map progress, an indicator of coverage and maturity.
There will be a fixed maximum supply of 10 billion HONEY Tokens. To ensure this fixed supply, a fixed number of HONEY tokens are minted decreasingly over time. The minting schedule is described in the section below.
Of the 10 billion tokens, 20% will be allocated to investors who provide startup capital, 20% to employees of Hivemapper, Inc. who build the technical and operational systems required, 15% to Hivemapper, Inc. for providing ongoing security and technology, and 5% to the foundation that will be established to govern and facilitate the ongoing success of the network. The largest portion, 40%, will be allocated to token rewards for ongoing contributors to the map ecosystem.