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Solana (SOL) based altcoin is on the rise following its addition to the listing roadmap of one of America’s leading cryptocurrency exchange platforms. In a new announcement, Coinbase stated it would add the decentralized global mapping network Hivemapper (HONEY) to its listing roadmap, meaning it could soon support it.
HONEY Sees 85% Increase
The mentioned move caused the cryptocurrency to surge by 85% in just 24 hours, jumping from $0.129 to $0.232. Coinbase created its roadmap in 2022 as a way to increase transparency and reduce the likelihood of investors front-running new trading support announcements. Presenting itself as a revolutionary geographic mapping tool, Hivemapper operates by allowing contributors to collect mapping data with vehicle cameras.
HONEY Statements
Contributors will then earn rewards for their footage, leading to the creation of a decentralized map. The company stated the following regarding the matter:
Hivemapper is establishing a decentralized global mapping network that rewards contributors who collect high-volume 4K street-level images with vehicle cameras. Who are our contributors? Rideshare drivers, delivery drivers, fleet owners, GIS (geographic information system) enthusiasts, map lovers, and truck drivers. Contributors can map any location, but only earn money for mapping through a vehicle camera in certain cities… Imagine a network composed of contributors and map consumers intricately connected to the Hivemapper blockchain, participating in the democratic and fair sharing of valuable map data. A contributor can simply install a vehicle camera on a car or truck, receive rewards for their contributions, share in the value created by a decentralized global map, and at the same time strengthen the world’s critical geographic infrastructure.
HONEY saw its price retract after the mentioned period and was moving towards $0.229 at the time of writing.
