6. Receive HONEY Rewards
HONEY rewards are deposited to your wallet weekly
HONEY is a cryptocurrency built on top of the Solana blockchain. The HONEY token is designed to serve the needs of the two primary parties in the Hivemapper Network ecosystem: 1. Map Data Contributors, who earn HONEY by providing map data and imagery, editing map data, or performing quality assurance.
2. Enterprises and developers, which consume data from the Hivemapper network for a wide array of reasons, including mapping, geographic information systems, computer vision, smart cities, operations, and logistics. HONEY is burned and returned to the rewards pool when data from the Hivemapper Network is consumed.
HONEY rewards are distributed on a weekly basis to your crypto wallet for contributions made to the Hivemapper Network over the course of the previous Monday through Sunday. Rewards are deposited approximately three days (late Wednesday or early Thursday) after the close of a week.
In order to receive HONEY rewards, you must have a wallet connected to the Hivemapper mobile application. Currently, Hivemapper only supports the Phantom wallet.
Example HONEY transactions in the Hivemapper app.
Unlike a regular wallet that stores cash, crypto wallets like Phantom don’t store your crypto. Your holdings live on the blockchain but can only be accessed using a private key. Your possession of the private key proves your ownership of your HONEY tokens and allows you to make transactions.
Be careful with your private key. If you lose your private key, you lose access to your HONEY tokens. If a hacker or scammer gets your private key, they will be able to access your wallet and take your HONEY tokens.
To keep your wallet safe, you should never give anyone the private key to your wallet.