$HONEY
-4.65%
$HONEY has one of the best flywheels in the DePIN narrative. - @Hivemapper is the fastest-growing mapping technology, with over 29% global coverage and 409M KM mapped. The mapping data has been contributed by over 150K users around the world. - Hivemapper built a strong supply side by offering dashcam devices to car owners and fleets, which they install and run to earn passive income in $HONEY tokens. The current daily income is around $3 per device, with a 113-day breakeven period on device cost. - Hivemapper allocated around 40% of the total token supply as incentives to contributors to strengthen the supply side. Approximately 2.5M $HONEY are being minted every week, and they are now burning 500K $HONEY against it. That’s around 20% of the new emissions being burned — the highest in any DePIN project right now. - Hivemapper follows a BME model, which increases burns as demand for mapping data grows from enterprises. Demand has been rising recently, with burn data from the past six months clearly indicating an 8–10x increase. - Since the breakeven cost for Hivemapper devices is still one of the best at 113 days, I expect more car owners and fleets to join the network. As the token price grows, earnings would increase, further spinning the flywheel.
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