The information about the Hivemapper (HONEY) token is as follows: HONEY is the native cryptocurrency of the Hivemapper Network, a decentralized global mapping initiative built on the Solana blockchain. Launched in November 2022, the token serves as an incentive mechanism within the ecosystem, rewarding contributors who collect street-level imagery and data using 4K dashcams or, more recently, smartphones. The network aims to create a dynamic, up-to-date, and accessible map of the world, challenging traditional centralized mapping services like Google Maps by leveraging community-driven efforts and blockchain technology. Contributors earn HONEY tokens for their efforts, such as capturing road imagery or submitting road reports via the Hivemapper app, while consumers of the map data—such as enterprises and developers—burn HONEY to access the network’s services. 

The HONEY token operates on a burn-and-mint economic model, where tokens burned by data consumers are partially reissued to contributors as rewards, with a fixed maximum supply of 10 billion tokens. At launch, 4 billion HONEY tokens were allocated for minting and distribution to contributors based on Global Map Progress. The token’s initial allocation also includes portions for Hivemapper Inc. employees, investors, and the Hivemapper Foundation, which governs the network. The project, founded by Ariel Seidman (CEO) and Evan Moss (CTO), has garnered support from notable investors like Multicoin Capital and Solana Ventures, raising $18 million in a Series A funding round to fuel its development. 

Hivemapper’s decentralized approach utilizes dashcams and a "Drive-to-Earn" model, where everyday drivers contribute data as a byproduct of their regular travel, aiming for lower-cost, fresher, and more frequently updated maps compared to traditional methods. The network has expanded contribution methods, including a mobile app feature called Buzz, which allows users to report road conditions like closures or roadwork for additional HONEY rewards. Built on Solana for its high transaction throughput and low costs, HONEY’s contract address is 4vMsoUT2BWatFweudnQM1xedRLfJgJ7hswhcpz4xgBTy. The project emphasizes community participation, privacy, and scalability, positioning itself as a revolutionary alternative in the mapping industry.