table of content:
HOME
/
BLOG
/
NATIX Token Burning Process – Over 77.8M $NATIX Burned

NATIX Token Burning Process – Over 77.8M $NATIX Burned

NATIX Token Burn

In the world of DePIN (Decentralized physical infrastructure networks), a project is only as good as its economic foundations. At NATIX, we’ve designed our tokenomics to be truly deflationary, setting us up for success as a DePIN and ensuring a vibrant ecosystem while maintaining a sustainable token economy. 

The NATIX tokenomics model is crafted to ensure value and sustainability for $NATIX token holders. Through our design, the value of the $NATIX token is designed to increase over time as the supply decreases. We use every opportunity to accrue value to the token, with the main mechanism being token burning, via buyback or directly from fees, along with keeping a maximum fixed supply, which ensures our economic model is fully deflationary. 

The NATIX deflationary model transforms the $NATIX token into a lucrative investment asset, incentivizing hodling and ensuring value and sustainability for $NATIX token holders. We constantly accrue value to the token by burning, via buyback, or directly from fees, while keeping a fixed maximum supply, to maintain long-term value preservation.

We’ve already burned 77,816,960.6934 $NATIX tokens – collected from (instant withdrawal) fees and our protocol revenue (Marketplace & data monetization) since the token launch (July 2nd - November 30th).

By consistently burning tokens, we can establish a sustainable and valuable ecosystem for all $NATIX holders. Below is a summary of how fees and protocol revenue contribute to token burning and value accrual.

Fees

NATIX has implemented a series of strategic fees designed to enhance the long-term sustainability of the $NATIX economy. These fees include instant conversions from in-app NATIX to $NATIX, and instant unstaking fees. The fees primarily aim to create a robust token economy that rewards thoughtful participation and discourages hasty or speculative behavior.

By collecting these fees and burning the corresponding tokens, NATIX effectively reduces the overall supply of $NATIX, which helps stabilize the value of the token over time. This mechanism safeguards against inflation, market volatility, and impulsive behavior, ensuring that the token maintains its value and utility within the ecosystem. 

By imposing a cost on instant transactions, NATIX encourages users to engage more thoughtfully with the platform, aligning their actions with the long-term vision of the project. The burning process also reinforces the scarcity of $NATIX, making it a more attractive asset for long-term holders and users who are genuinely invested in the project's success.

Moreover, these fees capture any speculative or impulsive actions that could potentially disrupt the economy. This approach not only promotes responsible behavior but also ensures that the $NATIX token economy remains sustainable and resilient in the face of market fluctuations.

The current burn includes the Drive& instant withdrawal fees, instant unstaking fees, and protocol revenue, including Marketplace sales and data monetization buyback between July 10 and November 30, 2024.

Protocol Revenue

NATIX Token Protocol Revenue

The Revenue generated from our protocol is used for:

  • 40% Buyback and burn $NATIX tokens
  • 35% $NATIX staking rewards 
  • 25% R&D costs for continued development

Protocol revenue streams include:

  • In-App Revenue: NATIX employs several earning streams within the NATIX app, all of which are part of the NATIX Drive& app protocol revenue mechanism.some text
    • Marketplace: The Drive& Marketplace is live and offers attractive discounts and grand deals on products NATIX users can benefit from. The offers accommodate every kind of driver with crypto and non-crypto rewards. The revenue comes from affiliate partnerships with different projects, where we earn a percentage of the completed sales.
    • Premium Features: These will be introduced later as a revenue source, enhancing the competitive nature of the Drive& app and adding extra commodities.
    • Non-Invasive Ads: These will also be introduced later, ensuring they are added in a way that doesn’t disrupt user experience, primarily as an additional revenue stream.
  • Data Monetization: The bigger slice of the protocol revenue comes from selling the geospatial data collected from our network. The data can be valuable for use cases such as:some text
    • Enrich Maps and Navigation service providers with live data about traffic, road hazards, dynamic traffic signs, speed traps, and more. 
    • Mobility service providers can offer better services with granular and live data like curbside parking analytics and EV charging availability.
    • HD map providers offer autonomous vehicles the ability to plan beyond sensor visibility and make safer and more proactive driving decisions. Dynamic speed limit signs and traffic accidents are amongst the top data types that NATIX could cater to HD map providers.
    • Road operators Cities and road operators can improve their services (and planning) by having a real-time infrastructure inventory (e.g. traffic signs), detecting missing traffic signs, broken traffic lights, or damages on the road (potholes, cracks, faded road markings).
    • Street-level imagery projects can leverage our network of smartphone cameras with more fresh data and coverage of their blind spots.

Full Transparency

NATIX Token Burn Chart by Month

We are committed to full transparency regarding the burning processes for the $NATIX token. Now that the $NATIX token is up and running, and most burning functionalities are operational, we’ve already burned 77,816,960.6934 $NATIX tokens – The proof of burning can be found here and here:

For the next few months, the burning process will occur on a monthly basis (or even more frequently), where we report how many $NATIX tokens have been burned, and provide proof for it. Keep an eye out for the reports to see the ongoing impact of our deflationary tokenomics model.

Join us on this journey towards creating a more valuable and sustainable DePIN ecosystem. Make sure you follow our Twitter @NATIXNetwork to stay up-to-date with our progress.

available on