01 - In a small bowl, whisk together the hot sauce, honey, soy sauce, smoked paprika, cayenne pepper, and garlic powder until well combined.
02 - Make shallow diagonal cuts along the length of each hot dog to allow the marinade to penetrate and promote even cooking.
03 - Brush each hot dog generously with the marinade on all sides and let them rest for 10 minutes while preparing the toppings.
04 - Julienne the carrot and cucumber, finely chop the red onion, slice the pickled jalapeños, and chop the fresh cilantro. Set aside.
05 - Preheat a grill or grill pan over medium heat. Place the marinated hot dogs on the grill and cook for 7 to 8 minutes, turning occasionally, until caramelized and heated through.
06 - Split the hot dog buns and toast them on the grill or in a skillet until golden brown.
07 - Place each grilled hot dog in a toasted bun. Top with shredded cheddar cheese, pickled jalapeños, red onion, julienned carrot, and cucumber. Drizzle with mayonnaise and garnish with fresh cilantro. Serve immediately while hot.