Hivemapper (HONEY) Price

What Is Hivemapper (HONEY) Coin?

Hivemapper (HONEY) coin is the native cryptocurrency of a decentralized mapping network called Hivemapper. Launched in November 2022, Hivemapper aims to create a comprehensive, global digital map using high-quality street-level imagery. The network relies on a unique approach called "Drive-to-Earn" to incentivize users to contribute to this mapping project.

Here's how it works: Individuals can participate in the network by equipping their vehicles with specialized dashcams. These Hivemapper dashcams are not just regular cameras; they are integrated with blockchain mining devices. As users drive around, the dashcams capture high-resolution 4K street-level footage. This footage is then uploaded to the Hivemapper network.

The act of contributing imagery through driving earns users rewards in the form of HONEY tokens. Essentially, users are mining HONEY by providing valuable data to the network. The amount of HONEY earned is not fixed but is determined by the user's contribution to the overall progress of mapping the world. This creates a gamified incentive system, where users are rewarded for helping build a comprehensive map.

How The Narrative of HONEY Boosts Its Price?

Basically, HONEY solves the issues existing in traditional mapping by adopting the AI+Blockchain approach, so as to make mapping more accurate, updated, and cost-efficient.

Users of HONEY can validate how the AI classifies and positions real-world objects captured through Hivemapper's dashcam network. This human input helps the AI, called "Map AI," continuously learn and improve its accuracy. Once data is collected, Map AI goes to work. It uses computer vision and geospatial processing to analyze the video footage, identifying objects like stop signs, speed limits, and traffic lights. Map AI doesn't just detect objects; it also precisely locates them. By combining camera GPS data, image processing, and 3D reconstruction, the AI pins down the location and orientation of each object, creating what they call "Landmarks."

In addition, not everything is left to the AI. Hivemapper employs a system that prioritizes human review for complex features like speed limits and turn restrictions. This ensures high accuracy for critical information. The system is constantly learning.  As users consume map data through Hivemapper's APIs, the contributors who captured that data are rewarded. This incentivizes users to capture high-quality footage, and the feedback loop helps refine the Map AI over time.

In essence, Hivemapper's AI acts as a powerful tool for analyzing and interpreting the vast amount of data collected by its network. By combining this with human input and verification, they aim to create a comprehensive, high-fidelity map that is constantly evolving.