Post by dx010s about HONEY ($HONEY)

$HONEY's model looks elegant, but the revenue stream is still pending.

The burning and minting ties HONEY to actual map-data purchases, but 75 % of burned are gone for good, and thus far, DefiLlama reports gross revenue down from ~$294K (Q4 2025) to ~$25K (Q2 2026) against a ~$10M market cap. Are the paying customers well identified, and what gets you revenue back above Q4's level quarterly? How does the burn compare to the contributor emissions?

The next quarter's burn data will tell