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I bought a little Honey - Token of HiveMapper as latest addition to my SOLALT portfolio. It is a small holding around 5% of my SOLALTS ie about 0.002 of my SOL Holdings

HONEY was listed on Coinbase yesterday.  I was waiting for it to sell off post listing before entering. I got a little at $0.276 cents today

Unique Use Case: HONEY is the token of the Hivemapper Network, a decentralized mapping network that rewards users for contributing data. This creates a strong use case for the token, as it is directly tied to the growth and success of the network.

Strong Community: The Hivemapper community is active and engaged, with a shared vision of creating a decentralized mapping network. 

HONEY is still in its early stages, with a current market cap of $160M. 

Limited Supply: There is a fixed maximum supply of 10 billion HONEY tokens, which can help maintain the value of the token over time.

Tokenomics: HONEY is designed to ensure that tokens are available to fulfill demand for map data while balancing the needs of contributors and consumers. This can help create a stable and sustainable ecosystem for the token.

Potential for Growth: The decentralized mapping space is still relatively new and has a lot of potential for growth. As the demand for decentralized mapping solutions increases, so too could the value of the HONEY token.

While there is no analog in the Crypto World - it is a long shot but could disrupt or partner with other mappers like google down the line. 

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Comments

Anonymous

Im a little confused about the tokenomics James. The market cap of this token is $160m but the fully diluted market cap is 15x at $2.5b. Am I missing something? the tokenomics look terrible on this?

Anonymous

Did you pick up any more Honey today during the dip? I bought some to lower my DCA price.