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Fortune
Fortune
Leo Schwartz

Hivemapper wants to be a crypto-powered Google Maps, but insider tokenomics and product delays could foil the $18M plan

Installation of Hivemapper's dashcam. (Credit: Courtesy of Hivemapper)

Phil first heard about Hivemapper after the company raised $18 million in April to make a crypto-powered version of Google Street View. Users could buy one of two dashcam models directly from the company, for either $549 or $649. In return for producing mapping data, drivers would be rewarded with Hivemapper's proprietary token, Honey. Phil ordered one that same month. 

A 31-year-old electrician living in Ontario who asked not to use his full name, Phil said that there were two reasons he bought in.

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