# MIP-15

### Summary

MIP-15 adjusted the burn-and-mint economics of HONEY so map consumption has a deflationary influence on token supply, allowing HONEY to accrue value as customers derive value from the map. 

### Timeline

* [x] [Proposal: Published](https://medium.com/hivemapper-foundation/map-improvement-proposal-15-mip-15-b31928b29632) (April 9, 2024)
* [x] [Comment Period: Complete](https://discord.com/channels/715439007764316191/1227307967444029561) (April 16, 2024)
* [x] [Outcome: Finalized](https://medium.com/hivemapper-foundation/map-improvement-proposal-15-mip-15-b31928b29632) (April 16, 2024)

### Detailed Changes

MIP-15 adjusted the burn-and-mint economics of HONEY so map consumption has a deflationary influence on token supply, allowing HONEY to accrue value as customers derive value from the map.

Prior to MIP-15, 100% of the HONEY burned when customers consumed map data was reissued to contributors as Consumption Rewards.  Since the implementation of MIP-15, 75% of HONEY redeemed for map credits each week has been permanently burned and 25% has been reminted as Consumption Rewards, up to a limit of 500,000 HONEY per week. Any overage is permanently burned.

An in-depth explanation of the interaction between map credits and HONEY, and how a customer purchase translates into HONEY burn, can be found [here](https://docs.hivemapper.com/honey-token/honey-burn-and-mint).