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Disclaimer: The information provided in this trade alert is for educational and entertainment purposes only and should not be considered as financial advice. The author is not a financial advisor and is only sharing their personal trading activities in full transparency. The opinions expressed in this alert are the author's own and do not reflect the views of any other individual or organization. Investing in cryptocurrencies and other financial instruments involves a high degree of risk, and you should not invest money that you cannot afford to lose. Always do your own research and consult with a licensed financial advisor before making any investment decisions. The author is not responsible for any losses or damages resulting from the use of the information provided in this alert.

I bought a little Honey - Token of HiveMapper as latest addition to my SOLALT portfolio. It is a small holding around 5% of my SOLALTS ie about 0.002 of my SOL Holdings

HONEY was listed on Coinbase yesterday.  I was waiting for it to sell off post listing before entering. I got a little at $0.276 cents today

Unique Use Case: HONEY is the token of the Hivemapper Network, a decentralized mapping network that rewards users for contributing data. This creates a strong use case for the token, as it is directly tied to the growth and success of the network.

Strong Community: The Hivemapper community is active and engaged, with a shared vision of creating a decentralized mapping network. 

HONEY is still in its early stages, with a current market cap of $160M. 

Limited Supply: There is a fixed maximum supply of 10 billion HONEY tokens, which can help maintain the value of the token over time.

Tokenomics: HONEY is designed to ensure that tokens are available to fulfill demand for map data while balancing the needs of contributors and consumers. This can help create a stable and sustainable ecosystem for the token.

Potential for Growth: The decentralized mapping space is still relatively new and has a lot of potential for growth. As the demand for decentralized mapping solutions increases, so too could the value of the HONEY token.

While there is no analog in the Crypto World - it is a long shot but could disrupt or partner with other mappers like google down the line. 

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Comments

Anonymous

Im a little confused about the tokenomics James. The market cap of this token is $160m but the fully diluted market cap is 15x at $2.5b. Am I missing something? the tokenomics look terrible on this?

Anonymous

Did you pick up any more Honey today during the dip? I bought some to lower my DCA price.