NATIX Network is a geospatial network powered by AI technology, established by information provided by users and rewarding the same drivers. Its main product is “Drive&,” an app that connects to your driver assistant phone software and incentivizes you to contribute.
NATIX is the latest in the growing DePIN network. It essentially pays you to drive while using it and creates map info through your data.
Since it’s an exciting project that has garnered a lot of attention recently, I am profiling it and telling you everything you need to know about the NATIX Network and the Drive& app.
Evolution of the Natix Network
NATIX began earning crypto fame in 2024. However, the project’s roots were planted in 2020 in Germany. From the onset, it was created to be a layer 3 network that could help create an open geospatial intelligence network. Plans for community governance were suggested from the beginning and will likely be implemented as the network grows.
Early on, the project secured $3.5 million in seed round funding from the likes of Blockchange Ventures.
The project is led by the NATIX team. However, they promise to further introduce decentralization when they facilitate token-based voting.
The organization reports that, as of today, the Natix Network has amassed over 100,000 users. The drivers are supposed to have covered more than 40 million kilometers. Messari included it in 2023 as one of the projects to watch in the DePIN space and has benefited from the support of CoinList. These details have earmarked it as a crypto project with a good deal of potential.
But how does it all work, what are its benefits, and will NATIX make you a profit? Let’s talk brass tax here.
First, what’s the deal with DEPIN networks?
What is DePIN?
There are many trendy words in the world of tech, especially in crypto. It’s, therefore, important to separate the ones that are also important or have potential from the ones that are not.
“DePIN” is, indeed, a term that crypto enthusiasts would do well to try and remember. DePIN Networks (Decentralized Physical Infrastructure) use blockchain technology and crypto rewards to get individuals to contribute physical resources from the real world. They already have a wide array of uses across energy, governance, service payments, and staking. Natix Network is one of the most recent and successful DePIN projects related to the transportation industry.
What is Natix Network?
The dream of Web3 has always been to integrate real-world resources into blockchain networks. Why? For example, excess hardware resources can be redistributed to help more people. This approach can also help incentivize the creation of more physical resources, such as cellular towers. Finally, those carrying out specific tasks on behalf of these networks can be rewarded with crypto tokens.
How Does the Natix Network Work?
It’s estimated that there are more than 1.2 billion drivers in the world. All of them require accurate maps and information to get from Point A to Point B. Nearly all of them use some kind of software that enables them to do this.
Using proprietary AI and participants’ phone cameras, the Natix Network creates a pen geospatial Intelligence network. The app’s artificial intelligence uses the camera to detect valuable events (traffic congestion, parking spots, etc.). It then turns this into anonymous numerical data and contributes to maps that are used by all participants on the network.
Users earn points based on the distance they’ve driven and the number of events their cameras have detected. These points can be used to redeem various products and services and NATIX, the network’s native cryptocurrency.
The Natix Network team emphasizes that the information provided remains anonymous and never leaves the participant’s phone. This helps protect the users’ privacy and data plans.
Features of the Natix Network
Drive&
The flagship feature of the Natix Network is its app, Drive&. Available for iOs and Android phones, Drive& allows users to earn rewards proportionally to the amount they’ve driven. The app uses the phone’s existing driving apps and detects special road events with its AI technology. These reports help improve the geospatial network.
To use Drive&, users must simply download the app, place the phone on the dashboard of the vehicle, and keep the app in detection mode throughout their trip. The company’s soon-to-be-patented AI technology detects events on the road.
For doing this, drivers can ultimately receive $NATIX rewards, the native cryptocurrency of the project, or various other products. The app is especially geared toward frequent drivers such as chauffeurs, delivery drivers, tour guides, etc., who could benefit from the app’s information and from the the rewards. Drive& is currently not available in Brazil, China, Russia, and Iran.
Staking
Users can stake their tokens directly with Natix Network. There’s a cooldown period of 90s days and users may earn up to 35%.
Galxe
Natix has been made part of the Galxe program which announces various crypto airdrops. It’s also meant to introduce various quests that can help users earn.
Tokenomics
The Natix Network promises to use deflationary tokenomics meant to help the system over time and help keep it profitable for the drivers contributing to it.
In a nutshell, this means that the team promises to burn $NATIX over time, thus ensuring that the total supply decreases. Rarity ought to equate with a greater investment opportunity for regular users. How will the team do this? They promise to burn tokens through the fees that they collect and through buyback.
At the time of writing, the project reports to have burned 8,516,685.3834 $NATIX tokens. These were collected through withdrawal fees, and marketplace revenue.
As for the revenue, the Natix Network team says it will distribute it in the following way: 40% Buyback and burn $NATIX tokens, 35% $NATIX staking rewards and 25% R&D costs for continued development.
Natix Network Fees
The Natix Network collects fees. These are mainly used to help collect and burn $NATIX tokens, thereby giving the the coin a helping hand in terms of increasing in value.
These types of fees refer to instant conversions collected when the coins from the Drive& app are converted into $NATIX, and, in the future, from instant unstaking fees.
This is a smart strategy, in principle. We’ve seen, in the past, how successful projects have been threatened by speculative attempts of users trying to take advantage of the valuation of the coin regardless of the long-term vision of the project.
Roadmap and Development History
The Natix Network company was established in 2020.
The project promised to introduce its token, $NATIX in 2024. It did so in July of the year.
There are currently plans to introduce a voting system based on token ownership, to make the rewards available in more geographic locations, and to introduce instant unstaking fees, which will be then used to burn more tokens.
Price and Price Predictions
While the technology underlying the project is interesting, many readers will want to know, simply, if $NATIX can prove a good investment over time.
Let’s look at the data and study the market sentiment at the moment.
According to CoinList, $NATIX cost $0.001 per token at the Initial Token Launch. Only 5% of the total tokens were made available, and the fully diluted network value was announced as $100,000,000,000.
According to CoinmarketCap records, $NATIX has decreased nearly 40% since its release. However, at the time of writing, community sentiment indicates a strong bullish tendency.
The highest value of $NATIX was in late August 2024, when it was $0.0012 per token. At the time of writing, it is $0.00056 per token.
Various predictions are optimistic. Coincodex thinks the token could reach $0.0018 in three months, while other crypto-predicting sites think it may valued at $0.00122 by the end of 2024.
Should you buy NATIX?
While the price evolution of NATIX in recent months may cause some concern for early investors, there are reasons for mild optimism. The project has been well-reviewed, and the DePIN global network is growing and, of course, we have entered a bull market.
How to buy NATIX?
NATIX is available on a number of established cryptocurrency exchanges, such as KuCoin, Gate.io, and MEXC.
How to stake NATIX?
The Natix Network has launched a feature through which users can stake the NATIX token. It can be directly through Natix Network, provides an APY of up to 35% (at the time of writing), and offers governance power.
Note that users may stake at least 20000 $NATIX per wallet.
Is the Natix Network the Future of Driving and a Good Crypto Investment?
A good crypto project needs a good concept, a strong team, and consistent work to improve itself. The Natix Network has many of these things going for it.
The Drive& app can genuinely become a powerful tool for drivers looking to improve safety on the roads, or just hoping to earn some extra cash.
And, while the price of the token itself has decreased in recent months, the number of active users (according to the site) has grown.
Natix is part of a growing trend, hopefully, of crypto projects with strong real-life uses, projects that cleverly utilize real-world resources. While Natix Network still needs time to prove itself, its start makes it worth considering.
FAQs:
- What is the Natix Network?
NATIX Network ($NATIX) is an AI-powered crypto project which aims to create an open geospatial intelligence network by hooking up to your phone camera while you drive and rewarding you for the distance driven.
- What is the total supply of NATIX?
$NATIX, the native token of the Natix Network, has a total supply of 100 billion tokens. However, project developers have begun the process of burning tokens and promise to continue in the future.
- How to earn with NATIX?
Users are able to earn with NATIX when they install the Drive& app and hook up their phone to the car’s dashboard while driving. The AI-powered technology of the network will help detect road events and reward the drive for their contributions.
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