Hivemapper (HONEY)

Mapping and Data Collection

Hivemapper is a global, decentralized mapping network where users collect street-level imagery using dashcams as they drive. This crowdsourced data is used to build and update a detailed, fresh world map.

Token Incentives

Users earn HONEY tokens as rewards for contributing data, performing quality checks, and helping train the map's AI. These tokens can be used to access the map data or traded.

Business and Developer Use

Hivemapper provides APIs that businesses and developers can use to get fresh, accurate map data. This helps improve navigation, logistics, autonomous driving, and advanced driver assistance systems (ADAS).

Community and AI Training

The network encourages community participation through games and tasks that help improve AI recognition of map features, making the map more useful and up-to-date.

Pros

• Decentralized Mapping Network: Hivemapper creates a global map using contributions from everyday drivers, making maps more up-to-date and detailed.
• Drive-to-Earn Model: Users earn HONEY tokens by collecting street-level imagery with dashcams, turning driving into a way to earn crypto.
• Community Participation: Anyone can join by using affordable hardware, encouraging frequent updates and broad coverage.
• Partnerships: Bee Maps, the enterprise brand of Hivemapper, works with major companies like HERE, TomTom, and Lyft, showing real-world use.
• Built on Solana: Fast and low-cost transactions thanks to the Solana blockchain.
• Ownership and Rewards: Contributors share profits from their data, unlike traditional centralized mapping services.

Cons

• Hardware Dependency: Requires purchasing and installing specific dashcams to participate and earn tokens.
• Market Volatility: The value of HONEY tokens can fluctuate, affecting earnings.
• Shipping and Support Issues: Some users report delays or lack of clear communication about hardware shipping.
• Diminishing Returns: Early adopters may earn more, while returns for new contributors might decrease over time.
• Competition: Faces strong competition from established mapping services like Google Maps and Street View.
• Token Liquidity: Trading volumes can vary, which might affect how easily tokens can be bought or sold.

Founders

Hivemapper was founded by Ariel Seidman and Ben Wong. Ariel Seidman is also the CEO, and Evan Moss is a co-founder and CTO.

Leadership

• Ariel Seidman: Co-Founder & CEO
• Evan Moss: Co-Founder & CTO
• Ben Wong: Co-Founder

Board Members

Mark Williamson and Amir Haleem are notable board members associated with Hivemapper.

Venture Capital Firms

Hivemapper has received investments from well-known venture capital firms including Multicoin Capital (led the Series A round), Spark Capital, Founder Collective, Homebrew, Craft Ventures, Shine Capital, Solana Ventures, and Harrison Metal.

Angel Investors and Executives

Notable angel investors and executives involved include Spencer Rascoff’s 75 and Sunny Ventures, Anatoly Yakovenko (CEO and Co-Founder of Solana), Raj Gokal (COO and Co-Founder of Solana), Amir Haleem (CEO of Nova Labs), David Rogier (CEO of Masterclass), Luc Levesque (Shopify executive), Elie Seidman (former CEO of Tinder), Mark Williamson (COO at Masterclass), and Jaron Waldman (former Apple Maps and Rakuten executive).

Funding Summary

Hivemapper has raised about $23 million over multiple rounds, with $18 million raised in the Series A round in 2022. The investors support the development of its decentralized mapping network and crypto-integrated dashcam technology.

Halal Status of Hivemapper

• Yes
  Hivemapper is generally considered halal because it is a utility token used in a decentralized mapping network. It rewards users for contributing real-world data (like driving and capturing street images) rather than involving interest (riba) or gambling (maisir). The token supports a practical service and community collaboration, which aligns with halal principles.