The team behind Helium has just launched a new project: HONEY (Hivemapper)
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The Hivemapper token, HONEY, launched via SPL yesterday. Are you excited!?
Here's how it compares to Helium:
| Category | Hivemapper | Helium |
|---|---|---|
| Website | https://hivemapper.com/ | https://www.helium.com/ |
| Pitch in-a-nutshell | Reselling dashcam data | Reselling internet data |
| The Decentralized... | Decentralized mapping network | Decentralized wireless infrastructure |
| Slogan | "A map that belongs to the people who build it" | "The People's Network" |
| Token | HONEY | HNT |
| How to mine | Collect HONEY by generating dashcam data | Collect HNT by generating Hotspot data |
| Mining hardware | Proprietary Dashcam; Cost: $550+ | Proprietary LoRaWAN HotSpot; Cost: $500+ |
| Tokenomics | 40% for Map Contributions; 60% to Hivemapper Inc, Employees, Investors | 35% HotSpot infrastructure; 30% Data Transfer; 35% Helium Inc., Investors |
| L1 Chain | Solana | Migrating to Solana |
| Leadership | Ariel Seidman, CEO; Amir Haleem, Director; et al. | Amir Haleem, CEO; Frank Mong, COO, et al. |
| VC investors | Series A led by Multicoin | Series C led by Multicoin; later a16z, Tiger |
| Investing thesis | Proof of physical work | Proof of physical work |
| Funding | $21M | $365M |
| The influencer's POV | TikTok | TikTok |
| Customer demand? | Exaggerating customer adoption (Shreveport) | Exaggerating customer adoption (Salesforce) |
| Benefit for Joining Early | Ye ye! | Ye ye! |
| Launch Date | November, 2022 | September, 2019 |
| Devices sold | 5,500 Dashcams for ~$3M | 1M Hotspots for ~$500M |
| Does it work? | TBD | Only $100,000 in demand-side revenue |
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