NTXT Utility Token
NTXT (ERC-20) is the native utility token of the NATIX Network. It is used as a payment method and is the source of staking benefits. The NTXT token thus facilitates the core ecosystem functions as a Unit of Account for network-level activity.
The NTXT tokens grant the following rights and have the following functions:
- Purchasing data and iLand NFT
- Staking for a fee reduction of network fees
- Bonding to become a network actor. The bonded tokens are released if the actor stops operation, or is slashed in case of malicious action or malpractice
- Staking for the liquidity pool
- Participate in system governance