A Solana-based (SOL) altcoin is on the rise as the top US crypto exchange platform adds it to its roster.
In a new announcement, Coinbase say it will add the decentralized global mapping network Hivemapper (HONEY) to its lists roadmap, meaning it could add support for it soon.
This move caused digital assets to skyrocket by 85%, from $0.129 to $0.232 in just 24 hours.
Coin base made the roadmap in 2022 as a means to increase transparency and reduce the possibility of investors leading the way with new trade support announcements.
Hivemapper, which bills itself as a revolutionary geomapping tool, to work by having contributors collect map data with dashcams. The contributors would then earn rewards for their footage, which in turn leads to the creation of a decentralized map.
“Hivemapper is building a decentralized global mapping network that rewards its contributors for collecting large numbers of 4K street-level images with dashcams.
Who are our contributors? Rideshare drivers, delivery drivers, fleet owners, GIS (geographic information system) enthusiasts, mapping hobbyists and truck drivers. Contributors can map anywhere, but can only earn money for dashcam mapping in certain cities…
Imagine a network of map contributors and map consumers tightly connected on the Hivemapper blockchain, participating in a democratized and equitable exchange of valuable map data.
By placing a simple dashcam on a car or truck, a contributor can receive rewards for their contributions and share the value created by a decentralized global map, while powering the world’s critical geospatial infrastructure.”
HONEY has since recovered and is trading at $0.229 at the time of writing.
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Featured image: Shutterstock/Fotomay/Nikelser Kate