Article Summary, Automatically Generated By AI
About Hivemapper
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Launch Date:
November 2022 -
Founders:
Ariel Seidman (Co-Founder & CEO) and Evan Moss (Co-Founder & CTO) -
Unique Selling Point:
Leveraging dashcams to collect street-level imagery, reducing costs and increasing map updates -
Benefits:
- Lower Cost Maps
- More Up-To-Date Maps
- Higher Quality Maps
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HONEY Token:
-
Total Supply:
10,
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About Hivemapper: Revolutionizing the Future of Mapping
Introducing Hivemapper (HONEY): A Revolutionary Blockchain-Based Mapping Ecosystem
Launched in November 2022, Hivemapper (HONEY) is a pioneering decentralized global mapping network that incentivizes its contributors by rewarding them for capturing high-volume 4K street-level imagery using dashcams, thereby pioneering a novel Drive-to-Earn paradigm.
Imagery acquisition devices take the form of 4K dashcams, which cleverly integrate a street-level camera with a blockchain mining device. By operating these dashcams, users simultaneously mine and earn rewards in the form of Hivemapper’s native cryptocurrency token, HONEY.
The Visionaries Behind Hivemapper: Meet the Founders
Hivemapper was co-founded by Ariel Seidman, who serves as Chief Executive Officer, and Evan Moss, who holds the position of Chief Technology Officer.
Unveiling the Unparalleled Hivemapper Advantage
Creating a global digital street-level imagery map is a formidable task, but capturing and mapping the dynamic physical transformations unfolding across the globe over time poses an even greater challenge.
One might ponder how this initiative compares to Google Maps. While Google Maps does a commendable job of establishing initial street-level coverage, it falls short in uniformly recording changes to maps globally. Achieving this feat would necessitate an impractically vast workforce and resources. Furthermore, Google Maps relies on expensive cameras, vehicles, and manpower dedicated solely to mapping, ultimately passing the substantial costs down to the customer.
Hivemapper adopts a distinct approach, harnessing the collective power of numerous individuals who already drive extensively as part of their daily occupations to gather street-level imagery. This strategy yields two primary advantages;
- Lower Cost Maps – By leveraging the existing daily commutes of individuals, Hivemapper reduces the primary cost associated with mapping, thereby providing a more economical solution for data access.
- More Up-To-Date Maps – The democratization of mapping through affordable hardware enables a larger community of contributors, resulting in more frequent updates for the same location, ensuring a more dynamic and accurate cartographic representation.
- Higher Quality Maps – Unlike traditional mapping services, which may only capture a location every few years, Hivemapper’s crowdsourced approach ensures that areas are mapped more frequently, reducing the likelihood of poor atmospheric and lighting conditions hindering the quality of the imagery.
What Is the Circulating Supply of Hivemapper (HONEY) Coins?
Approximate mining periods occur weekly, from Monday to Friday, with distributions taking place the following Wednesday. Contributors are incentivized for their efforts in mapping previously unmapped roads and updating outdated data to ensure freshness. Furthermore, they are rewarded when their contributed data is utilized by customers. The magnitude of these rewards varies by region, contingent upon the Multiplier. For a detailed breakdown, please refer to the Hivemapper explorer:
https://hivemapper.com/explorer/
.
Hivemapper (HONEY) Token: Unlocking the Power of Decentralized Mapping
Blockchain: Solana
Total Supply: 10,000,000,000 HONEY
Contract Address: 4vMsoUT2BWatFweudnQM1xedRLfJgJ7hswhcpz4xgBTy
Token Allocation:
- Forty percent is allocated to contributors as a token of appreciation for their sustained efforts in enhancing the Hivemapper Network.
- Twenty percent is reserved for investors in recognition of their provision of startup capital, which enabled the launch of the Hivemapper Network.
- A further twenty percent is designated for the employees of Hivemapper Inc., acknowledging their crucial role in developing the technical and operational infrastructure necessary to operate the Hivemapper Network.
- Fifteen percent is allocated to Hivemapper Inc. to support ongoing research and development, as well as operational maintenance, ensuring the continued success of the Hivemapper Network.
- A modest five percent is assigned to the Hivemapper Foundation, which oversees and facilitates the long-term prosperity of the Hivemapper Network.
Reference Materials:
Hive Mapper Documentation
Valuable Resources
Explore our comprehensive documentation at
https://docs.hivemapper.com/
and visit our official website at
https://hivemapper.com/
.