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Progress Update: NATIX Network December 2024
January 11, 2025
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This is my 3rd post regarding $Natix, DONT FADE THIS ONE! Unlock the potential to earn rewards with the NATIX Drive& app—no Tesla required, But it helps! Simply use your smartphone or dashcam to collect geospatial data as you drive. Ideal for professional drivers, but anyone can earn, this app offers a seamless way to monetize your daily routes.This is FREE MONEY, that you can earn in $Natix token

 

👉 Sign up with my referral code R98dVxAYQ4 to receive a 350-point bonus and start earning today! A Win-Win for us both! 💰 ~Namasté 🙏 The Dinarian

https://www.youtube.com/watch?v=0ziNPuTZVDU 

Happy 2025 NATIXIANs! We conclude 2024 with this last progress update of the year to summarize our progress throughout December. We promised to close the year on a high note and had another massive release, another token burn, partnerships, and campaigns.

We want to wish all of you a happy new year. Let’s dive into our last progress update of 2024.

Unpacking the Numbers

Right before closing the year, we crossed the 200K Drive& app users mark, now having over 207K, making us one of the fastest-growing DePINs of the year. We’ve also now covered over 119M km of road and made over 614M detections.

Next year will no doubt be a record-breaking year as we expect to grow exponentially.

2024 Recap

We conclude a very successful 2024 in all aspects. We created a thread to summarize all of our progress throughout this year and wanted to highlight how much our community managed to achieve.

We’ve had over 164K new users this year, as the community covered 30x the amount of road that was mapped last year, and detected over 10x the amount from 2023. We achieved so much and are sure to achieve even more next year!

Coverage Map

December signaled the release of the NATIX Network Coverage Map. This interactive map showcases all the roads mapped and detections made by drivers using the Drive& app.

The NATIX Coverage Map is an interactive world map that displays:

  • Roads mapped: The roads traveled by our network contributors.
  • Detections made: Daily data captured by Drive& app users, from traffic infrastructure to traffic participants. 
  • Network stats: Including registered drivers, KMs mapped, map data detected, and countries covered.
  • Tokens burned: Indicates the exact amount of $NATIX tokens burned.

In case you missed this feature, you can follow the link to get familiar with the NATIX Coverage Map.

Third Token Burn

In December, we issued a third token burn for November, and it was massive. We’ve burned another 36M tokens, and that was more than the two previous months’ burn combined! With that, we’ve now reached a total of 77.8M tokens taken out of circulation.

The burns will continue, and each is proving to surpass the previous ones. Follow the link to read about the $NATIX token burn updates and check the proof.

New Use Case: Scenario Generation

In case you missed it, we went deep into explaining how NATIX, with data collected from Tesla vehicles equipped with the VX360, aims to disrupt the autonomous vehicle industryScenario generation is a crucial process in the testing, verification, and validation of advanced driver assistance systems (ADAS) and autonomous driving systems (ADS).

The importance of 360° real camera footage makes VX360 a revolutionary device for scenario generation. The data collected can be used in two different ways: It can either be used to train GenAI models to produce better synthetic-based scenario generation, or scenario generation can occur automatically from the footage collected, segmented into distinct scenarios using advanced AI tools, and eliminate most of the manual effort.

Partnerships

Concentrated Liquidity Campaign

This month we’ve partnered with HawkFi and Orca to make earning rewards with your liquidity smoother and more rewarding than ever before. By participating in this campaign, you can earn both $NATIX and $ORCA rewards for providing liquidity via HawkFi’s automated platform. With a combined reward pool of 24,000,000 $NATIX and 500 $ORCA, there’s never been a better time to dive into concentrated liquidity pools.

Silencio

We’ve partnered with Silencio this month to list the VX360 device on their app. This gives us a boost for exposure as Silencio is one of the leading projects in the peaq ecosystem. We’re united together on pushing DePIN to the next level and can’t be happier to have them on board.

Tesla Owners of Silicon Valley

This unique partnership with Tesla Owners of Silicon Valley, the largest official Tesla club globally, with over 2M followers, allows us to reach a broader audience of Tesla drivers, as we’re aligned together on putting Tesla vehicles at the forefront of innovation, for a better future for mapping and autonomous driving.

What’s Next?

We’re kicking off a new year with great ambitions, plans, releases, partnerships, and rewards. If you thought we’d grow in 2024, wait until you see what we have in store this 2025. We have some exciting news coming up in Q1 that will continue to position NATIX as one of the top pioneers of DePIN in the world.

Make sure to follow our Twitter @NATIXNetwork to stay up-to-date with our announcements and releases.

👉 Sign up using my referral code R98dVxAYQ4 to receive a 350-point bonus and start earning today! 💰 ~Namasté 🙏 The Dinarian

 

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GENIUS Act lets State banks conduct some business nationwide. Regulators object

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The controversial clause permits a state bank with a regulated stablecoin subsidiary to provide money transmitter and custodial services in any other state. While host states can impose consumer protection laws, they cannot require the usual authorization and oversight typically needed for out-of-state banking operations.

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“Critical changes must be made during House consideration of the legislation to prevent unintended consequences and further mitigate financial stability risks. CSBS remains concerned with the dramatic and unsupported expansion of the authority of uninsured banks to conduct money transmission or custody activities nationwide without the approval or oversight of host state supervisors (Sec. 16(d)).”

The National Conference of State Legislatures expressed similar concerns in early June, stating:

“We urge you to oppose Section 16(d) and support state authority to regulate financial services in a manner that reflects local conditions, priorities and risk tolerances. Preserving the dual banking system and respecting state autonomy is essential to the safety, soundness and diversity of our nation’s financial sector.”

Evolution of nationwide authorization

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Originally, the provision applied only to special bank charters like Wyoming’s Special Purpose Depository Institutions or Connecticut’s Innovation Banks. Examples include crypto-focused Custodia Bank and crypto exchange Kraken in Wyoming, plus traditional finance player Fnality US in Connecticut. Recently the scope was expanded to cover most state chartered banks with stablecoin subsidiaries, possibly due to concerns about competitive advantages.

Simultaneously, the clause was substantially tightened. The initial version allowed state chartered banks to provide money transmission and custody services nationwide for any type of asset, which would include cryptocurrencies. Now these activities can only be conducted by the stablecoin subsidiary, and while Section 16(d) doesn’t explicitly limit services to stablecoins, the GENIUS Act currently restricts issuers to stablecoin related activities.

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Is it that bad?

As originally drafted, the clause seemed overly permissive.

The amended clause makes sense for stablecoin issuers. They want to have a single regulator and be able to provide the stablecoin services throughout the United States. But it also leans into the perception outside of crypto that this is just another form of regulatory arbitrage.

The controversy over Section 16(d) reflects concerns about creating a regulatory gap that allows banks to operate interstate without the oversight typically required from either federal or state authorities. As the two Congressional chambers work toward reconciliation, lawmakers must decide whether stablecoin legislation should include provisions that effectively reduce traditional banking oversight requirements.

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If you find value in my content, consider showing your support via:

💳 PayPal: 
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Dubai regulator VARA classifies RWA issuance as licensed activity
Virtual Asset Regulatory Authority (VARA) leads global regulatory framework - makes RWA issuance licensed activity in Dubai.

Real-world assets (RWAs) issuance is now licensed activity in Dubai.

~ Actual law.
~ Not a legal gray zone.
~ Not a whitepaper fantasy.

RWA issuance and listing on secondary markets is defined under binding crypto regulation.

It’s execution by Dubai.

Irina Heaver explained:

“RWA issuance is no longer theoretical. It’s now a regulatory reality.”

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- Issuers need capital, audits, and legal disclosures

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This closes the gap that killed STOs in 2018.

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Creating enforceable frameworks for RWA tokenization that actually work.

Matthew White, CEO of VARA, said it perfectly:

“Tokenization will redefine global finance in 2025.”

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$500B+ market predicted next year.

And the UAE just gave it legal rails.

~Real estate.
~Private credit.
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Everything is in play.

This is how you turn hype into infrastructure.

What Dubai is doing now is 3 years ahead of everyone else.

Founders, investors, ecosystem builders:

You want to build real-world assets onchain.

Don’t waste another year waiting for clarity.

Come to Dubai.

It’s already here.

 

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🙏 Donations Accepted 🙏

If you find value in my content, consider showing your support via:

💳 PayPal: 
1) Simply scan the QR code below 📲
2) or visit https://www.paypal.me/thedinarian

🔗 Crypto – Support via Coinbase Wallet to: [email protected]

Or Buy me a coffee: https://buymeacoffee.com/thedinarian

Your generosity keeps this mission alive, for all! Namasté 🙏 Crypto Michael ⚡  The Dinarian

 

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