U.S. Coinbase newly lists Solana DePIN brand “Hivemapper”

Listed as a candidate for listing two weeks ago

On the 17th, the US virtual currency exchange Coinbase announced new listed stocks.

The new stock scheduled to be listed is Hivemapper (HONEY), which is based on Solana, and will be listed at 9AM (PT time) on the 17th. It is traded on the HONEY-USD currency pair.

Coinbase will add support for Hivemapper (HONEY) on the Solana network (SPL token). Do not send this asset over other networks or your funds may be lost. Transfers for this asset are available on @Coinbase & @CoinbaseExch in the regions where trading is supported.

— Coinbase Assets (@CoinbaseAssets) January 16, 2024

Coinbase supports Solana’s SPL standard address and provides deposits and withdrawals on HONEY’s Solana chain.

Regarding HONEY’s new listing, Coinbase announced it as a candidate on the 4th. This time, it came true.

Hivemapper is a distributed mapping project based on Solana, a type of so-called “DePIN” (distributed physical infrastructure). The system is such that an individual driver installs a special camera inside the car, takes pictures of road conditions, shares the latest mapping data, and obtains HONEY tokens. Users who purchase mapping data pay with HONEY.

Recently, Helium (decentralized 5G), Hivemapper, and Filecoin (decentralized storage) have been attracting attention as representative examples of DePIN, and were featured in the Binance 2024 Industry Report released on the 15th.

connection: Growth areas of the virtual currency market that Binance will focus on in 2024, such as the Bitcoin ecosystem and DePIN

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— CoinPost (virtual currency media) (@coin_post) December 21, 2023

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