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Progress Update: NATIX Network September 2024

Progress Update: NATIX Network September 2024

NATIX 2024 - Progress Update

NATIXIANs, with September behind us, it’s time to wake up. However, before waking up all the bears from their slumber, we’re here to give you the usual rundown of our monthly progress. October is promising to be eventful, while we’re heads down building.

This month we’ve taken the first step in setting in motion the NATIX deflationary tokenomics model, participated in events, put our first ambassadors to work, started a wave of premium deals on the Marketplace, and more. Let’s break it down.

Unpacking the Numbers

NATIX September Growth

Another month went by and the NATIX community got bigger, covered more ground, and drove more than ever! With over 172K Drive& app users, we’re seeing amazing community growth and activity. Our community has already covered more than 86M kilometers, which puts us so close to reaching the target for the Network Laps.

The rapid increase in kilometers driven is not a coincidence, as September proved to be the month with the highest number of KMs driven on average per user. This led to a spike in events detected, putting us at over 438M data points collected. Time to push it to the limit going into the last quarter of the year.

$NATIX Token Burning Process

NATIX Token Burning Event

In September we shared the first $NATIX token burning announcement. Over 8.5 million $NATIX DePIN crypto tokens were burned, collected from fees and our marketplace protocol revenue since the token launch (July 2nd). While not all burning functionalities are active yet, the first burning event marks the beginning of the NATIX deflationary tokenomics model.

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. Those interested in taking a deeper dive into understanding the NATIX tokenomics model can read all about the $NATIX token-burning process.

Ambassador Program Underway

NATIXS' New Ambassador Program

In August we announced the NATIX Ambassador Program and opened registration for the first wave of applications. This month we’ve chosen the very first NATIX Ambassadors, out of the many applicants, and the choice was a hard one. The program is well underway and the ambassadors are rocking their newfound positions.

For those of you who did not get the chance to represent NATIX and carry the torch this time, your opportunity is yet to come. We will open the door for new applications soon and hope to see you all give it another shot.

Token2049

One of the biggest events for web3 and crypto in general, and DePIN innovation in particular took place this month. NATIX has taken an active role in its participation in Singapore for Token2049, where we’ve had the chance to meet some of our supporters, and feature along many outstanding projects.

NATIX is positioned as one of the pioneers of DePIN innovation, and we’ve had the chance to show the world everything we’ve achieved so far, as we continue to elevate your driving experience.

Flash Deals

NATIX Partners Deals on Drive& Marketplace

In case you’ve missed it, throughout September we started out with a wave of flash deals on the Drive& Marketplace. With the help of our DePIN partners, we’ve been offering luxurious offers for only 24 hours, each time for a different product.

Due to the success we’ve had with the flash deals, we are already working on more amazing deals for you, to push DePIN innovation further.

What’s Next?

Will October prove to be even bigger than September? We sure have a few tricks up our sleeve. Updates to the Drive& app, an exciting announcement to put your $NATIX tokens into motion, and more can be expected as we continue to bring you the best.

The last quarter of the year is here and we can’t wait to share our progress with you next month. Make sure to follow our Twitter @NATIXNetwork to stay up-to-date with our announcements and releases.

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