NATIX Economy Summary

The native cryptographically secure fungible protocol token of the NATIX Network (ticker symbol $NATIX) is a transferable representation of attributed governance and utility functions specified in the protocol/code of the NATIX Network, and which is designed to be used solely as an interoperable utility token thereon.

$NATIX is a functional multi-utility token that will be used as the medium of exchange between participants on the NATIX Network in a decentralized manner. The goal of introducing $NATIX is to provide a convenient and secure mode of payment and settlement between participants who interact within the ecosystem on the NATIX Network, without any intermediaries such as a centralized third-party entity/institution/credit. It is not, and is not intended to be, a medium of exchange accepted by the public (or a section of the public) as payment for goods or services, or for the discharge of a debt; nor is it designed or intended to be used by any person as payment for any goods or services whatsoever that are not exclusively provided by the issuer.

$NATIX does not in any way represent any shareholding, ownership, participation, right, title, or interest in the Company, the Distributor, their respective affiliates, or any other company, enterprise, or undertaking, nor will $NATIX entitle token holders to any promise of fees, dividends, revenue, profits or investment returns, and are not intended to constitute securities in the British Virgin Islands, Singapore or any relevant jurisdiction. $NATIX may only be utilized on the NATIX Network, and ownership of the same carries no rights, express or implied, other than the right to use $NATIX as a means to enable usage of and interaction within the NATIX Network. The secondary market pricing of $NATIX is not dependent on the effort of the NATIX team, and there is no token functionality or scheme designed to control or manipulate such secondary pricing.

For the avoidance of doubt, neither the Company nor the Distributor deals in, or is in the business of buying or selling any virtual asset or digital payment token (including $NATIX). Any sale or distribution of tokens would be performed during a restricted initial period solely to obtain project development funds, and raise market/brand awareness, as well as community building and social engagement; this is not conducted with any element of repetitiveness or regularity that would constitute a business.

Furthermore, $NATIX provides economic incentives that will be distributed to encourage users to exert efforts towards contribution and participation in the ecosystem on the NATIX Network, thereby creating a mutually beneficial system where every participant is fairly compensated for their efforts. $NATIX is an integral and indispensable part of the NATIX Network because, without $NATIX, there would be no incentive for users to expend resources to participate in activities or provide services for the benefit of the entire ecosystem on the NATIX Network.

Given that additional $NATIX will be awarded to a user based only on its actual usage, activity, and efforts made on the NATIX Network and/or proportionate to the frequency and volume of transactions, users of the NATIX Network and/or holders of $NATIX which did not actively participate will not receive any $NATIX incentives.

In-app $NATIX

In-app $NATIX is a point-based system that stands as the premium currency in Drive& app, to reward those who contribute the most toward collecting geospatial data. In-app $NATIX can be converted into NATIX tokens. In-app $NATIX has several in-app utilities:

  • As a membership access token, in-app NATIX holders would be able to access certain premium Drive& features (parking, safety alerts, special dashcam functionalities, etc.)

  • In-app NATIX would also be utilized to settle purchases in the exclusive marketplace offers (premium goods and raffle tickets)

  • In-app NATIX may be utilized to participate in additional Gamification features such as boosters (Nitro)

  • As a membership access token, in-app NATIX (HODL) offers advantages such as exclusive access to community airdrop, free monthly Marketplace raffle tickets, and premium offer discounts

On-Chain $NATIX Token

The $NATIX token is the ultimate reward for ecosystem actors, and offers the following functionalities:

  • xNodes – NATIX Network is a blockchain protocol that relies on a network of nodes that curate data generation, validation, and exchange, so $NATIX would be utilized to reward these nodes. Furthermore, NATIX validator nodes (i.e. xNodes) require long-term $NATIX as a bonding mechanism to punish malicious activities. xNodes are based on the number of available slots and $NATIX staked, and earn $NATIX according to their uptime and number of validations tasks completed.

  • Staking and voting power for system governance – Token holders can vote on larger decisions. To do so, the holder should stake their token.

  • In-app (Drive&) utilities – $NATIX can also be converted to in-app $NATIX for users to benefit from the abovementioned Drive& app utilities.

For knowing actors see System Overview

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