Information about "Hivemapper"
What exactly is Hivemapper (HONEY)?
Unveiled in November 2022, Hivemapper (HONEY) represents a decentralized global mapping system that incentivizes its users for gathering extensive 4K street-level footage with dashcams, utilizing a Drive-to-Earn model.
These devices, known as 4K Dashcams, serve the dual purpose of capturing street-level images and functioning as a blockchain mining unit. Participants who use these dashcams effectively mine and receive rewards in the form of Hivemapper’s unique digital currency, HONEY.
These devices, known as 4K Dashcams, serve the dual purpose of capturing street-level images and functioning as a blockchain mining unit. Participants who use these dashcams effectively mine and receive rewards in the form of Hivemapper’s unique digital currency, HONEY.
Who established Hivemapper?
The brains behind Hivemapper are Ariel Seidman, who serves as Co-Founder & CEO, and Evan Moss, the Co-Founder & CTO.
What sets Hivemapper apart from others?
While creating a worldwide digital map with street-level imagery is one achievement, the real challenge lies in continuously tracking and recording physical changes on the planet over time.
A comparison to Google Maps might come to mind. Google Maps is commendable in laying down the initial street-level framework but struggles to capture map changes globally in a standardized manner. To accomplish such a feat would require massive human resources and is currently impractical. Furthermore, Google Maps relies on costly cameras, vehicles, and personnel dedicated solely to mapping, which ultimately increases costs for consumers.
Hivemapper adopts a different strategy. It taps into the existing pool of individuals who drive extensively as part of their daily jobs to gather street-level images. This approach offers two main benefits:
* Cost-Effective Mapping - In Hivemapper's model, mapping becomes a secondary task (as people drive primarily for their jobs), reducing the cost of accessing the data.
* More Frequently Updated Maps - With affordable hardware available to anyone, more participants can contribute, ensuring locations are mapped more often.
* Improved Map Quality - Google Maps may only revisit certain places every few years, and if the weather and lighting aren't optimal, it could take years for improved imagery.
A comparison to Google Maps might come to mind. Google Maps is commendable in laying down the initial street-level framework but struggles to capture map changes globally in a standardized manner. To accomplish such a feat would require massive human resources and is currently impractical. Furthermore, Google Maps relies on costly cameras, vehicles, and personnel dedicated solely to mapping, which ultimately increases costs for consumers.
Hivemapper adopts a different strategy. It taps into the existing pool of individuals who drive extensively as part of their daily jobs to gather street-level images. This approach offers two main benefits:
* Cost-Effective Mapping - In Hivemapper's model, mapping becomes a secondary task (as people drive primarily for their jobs), reducing the cost of accessing the data.
* More Frequently Updated Maps - With affordable hardware available to anyone, more participants can contribute, ensuring locations are mapped more often.
* Improved Map Quality - Google Maps may only revisit certain places every few years, and if the weather and lighting aren't optimal, it could take years for improved imagery.
How many Hivemapper (HONEY) tokens are in circulation?
Roughly, the mining periods occur weekly from Monday to Friday, with distributions made the following Wednesday. Contributors earn rewards for mapping new roads, updating outdated data, and for when their data is used by customers. The reward amounts vary by region, influenced by the Multiplier factor. For more details, you can check the Hivemapper explorer at this link: https://hivemapper.com/explorer/.
