A Solana-based (SOL) altcoin is surging as the top US crypto exchange platform adds it to its listing roadmap.
In a new announcement, Coinbase says it will be adding the decentralized global mapping network Hivemapper (HONEY) to its listing roadmap, meaning it could soon add support for it.
The move caused the digital asset to skyrocket by 85%, going from $0.129 to $0.232 in just 24 hours.
Coinbase created the roadmap in 2022 as a means of increasing transparency and reducing the possibility of investors front-running new trading support announcements.
Hivemapper, which touts itself as a revolutionary geo-mapping tool, works by having contributors collect mapping data with dashcams. The contributors would then earn rewards for their footage, which in turn leads to creating a decentralized map.
“Hivemapper is building a decentralized global mapping network that rewards its contributors for collecting high volume 4K street-level imagery with dashcams.
Who are our contributors? Rideshare drivers, delivery drivers, fleet owners, GIS (geographic information system) enthusiasts, mapping hobbyists, and truck drivers. Contributors can map anywhere but can earn cash for mapping via dashcam only in certain cities…
Imagine a network of map contributors and map consumers intricately connected on the Hivemapper blockchain, participating in a democratized and equitable exchange of valuable map data.
By deploying a simple dashcam on a car or truck, a contributor can receive rewards for their contributions and share the value created by a decentralized global map, while powering the world’s critical geospatial infrastructure.”
HONEY has since retraced and is moving for $0.229 at time of writing.
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The post Solana-Based Altcoin Skyrockets 85% in 24 Hours As Coinbase Adds the Crypto Asset to Listing Roadmap appeared first on The Daily Hodl.