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 industry. Scenario 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

Link

ZKsync Ignite Season 1

Season 1 runs from January 6th to March 31st and distributes up to 100M ZK tokens to DeFi users who provide liquidity for blue chip tokens and stables across DEXs, lending, and perpetuals. Think DeFi Summer. Find a pool, deposit liquidity, earn $ZK rewards, and claim them. No points, no quests, no gimmicks, just OG DeFi.

There are currently 15 participating protocols, though applications are accepted by the DeFi Steering Committee on a rolling basis.

• DEXs: iZUMi Finance, Koi Finance, Maverick, PancakeSwap, Syncswap, Uniswap, WOOFi, zkSwap Finance

• Perpetuals: Holdstation, RFX, Vest Exchange

• Lending: Aave, Reactor Fusion, Venus Protocol, Zerolend

Every 2 weeks, a new batch of ZK token allocations will be set aside and streamed to DeFi users. This iterative design allows the Ignite program to react to changes in supply and demand, and incentivize new pools and assets.

Fuel Station

DeFi users know how painful it is to manage positions across several DeFi protocols. That’s why we built the Fuel Station to refuel your DeFi strategies by bridging, depositing, managing, and claiming all in one place.

The Fuel Station is designed to be simple and intuitive for the average Defi user.

Bridge: Earn ZK tokens when you bridge to ZKsync Era with Jumper Exchange. Users with funds on ZKsync Lite can bridge for an added yield boost using LayerSwap. In addition, Jumper Exchange will host a raffle every two weeks. DeFi users are eligible based on (1) the amount they’ve bridged into Era and deposited into eligible DeFi protocols and (2) for how long. At the end of two weeks, 5 addresses will be selected at random to split the pot. The raffle pot will increase proportional to the amount of liquidity bridge during each period.

Search: Search through all incentivized pools and filter by tokens, protocols, APYs, and actions.

One-click deposits: Deposit into DEXs and lending markets with a single click. Enso and Kyber take care of swaps and balancing for you. (This feature is coming soon).

Gasless transactions: Gas for claim transactions are sponsored with ZyFi.

Claim: ZK token rewards can be claimed weekly, powered by Merkle.

Learn More

To stay up to date with the latest news and developments of Ignite, follow the program’s X account and join the Telegram community where the community leads will share information about the program and answer any necessary questions.

To see the latest reports on results from the program, as well as the governance discussion around it, visit the ZK Nation forum for governance details.

Are you ready to Fuel a new Era of DeFi?

Official links

Website | X | Telegram | Forum

Link

Later this year several Filipino banks are planning to launch a multi bank peso stablecoin, PHPX, which will initially operate on the Hedera DLT network. The banks include the UnionBank of the Philippines, Rizal Commercial Banking, Cantilan Bank and the Rural Bank of Guinobatan. Singapore startup Just Finance is the initiator, but the banks will have a significant role in the governance. Given a key goal is cross border payments, the plans include more than just a stablecoin. There’s a need to exchange stablecoins in different currencies.

UnionBank, or more specifically its fintech spin off UBX, has been involved in blockchain for years including managing a quasi stablecoin network, albeit in a closed loop system. In 2018 it set up a token-based automated clearing house (ACH) to enable payments for rural and community banks that were not members of the national retail payment system (NRPS) to funnel them via UnionBank. That system uses a permissioned version of Ethereum and the more-or-less invisible backend token is PHX, not to be confused with PHPX the planned new stablecoin.

While the ACH has served its purpose, it’s time to take the next step. “We need to create something that is publicly exchangeable, so that we can support use cases outside of our own closed loop ecosystem,” said John Januszczak, UBX CEO, during an interview with Ledger Insights. He also wants to support stablecoins beyond that created by UBX.

Hence, when David Inderias and Mikko Perez from Just Finance approached UBX with the concept for PHPX, Mr Januszczak was open to it.

While it’s not the only use case, cross border payments are top of the list, particularly for remittances.

Filipino stablecoin remittances

Inbound remittances from people working abroad are a critical source of funds in the Philippines. According to the World Bank, the country is the fourth largest recipient of remittances which totaled $40 billion in 2024, representing around 10% of the country’s GDP.

Some of the stablecoin goals are basic. “The speed of payments has not kept up with the speed of commerce,” said Mr Januszczak. “As the operator of a payments network, it’s not about the technology, it’s about that fundamental problem.”

He noted that the people doing the work abroad have limited control over how their hard earned cash is spent. They often send the money to someone in the Philippines who looks after the bills.

“We want Filipinos that are earning money in the US (or elsewhere) to be able to pay their kids’ school tuition directly from the United States (and) for that payment to be affected in real time,” said Mr Januszczak.

 

“We want to open up the opportunity for people to contribute to insurance policies and wealth products from overseas. So not just vanilla, pedestrian remittances, but remittances that give back that control.”

For the banks involved, the stablecoins will often be abstracted in the backend, so the customer simply chooses to send $500 rather than being aware of the stablecoin details. The $500 is exchanged for PHPX or another stablecoin in the background. From there it can be deposited into a bank account, a G Cash wallet or for cash pickup at an over the counter location. Hence, banks will provide seamless on and off-ramping.

Ultimately, consumers could have direct access to PHPX, but that would be subject to regulator approval.

Stablecoins and FX

To enable cross border payments, part of the plan is to create a multi currency stablecoin exchange. Given cross border payments will involve swaps of foreign currency stablecoins in USD, SGD or JPY with PHPX, that requires liquidity providers who can earn a yield. It also will have to be regulatory compliant. At launch it’s likely the banks or those implementing use cases will take on that role. But in a decentralized environment, that could open up over time, involving qualified investors as liquidity providers in the Philippines.

A safe PHPX stablecoin design

Turning to the stablecoin, Mr Inderias from Just Finance emphasized quality and compliance.

With a multi issuer token, the big question is what happens if a bank goes bust? Most of the stablecoin reserves will be held in segregated bank trust accounts which will hold government bonds, with a small cash balance for short term settlement. The trust accounts are ring-fenced rather than part of the general liability of the bank. Hence, if a bank fails, the stablecoin is bankrupt remote (provided the money hasn’t disappeared because of fraud). Given that Just Finance doesn’t hold the cash, the stablecoin should also be safe if it ran into trouble.

As a bank stablecoin, another challenge is compliance with Basel Committee crypto-asset rules. If stablecoins are classed with other cryptocurrencies (Group 2) that could get expensive for banks to hold them. In the latest Basel iteration, to qualify as a Group 1b (low risk) stablecoin the DLT network has to be permissioned, which is the reason for choosing the Hedera DLT as the initial network.

Another requirement to satisfy the Bangko Sentral ng Pilipinas (BSP) is for any coins the system interacts with to comply with the EU’s MiCAR regulations or regional equivalents.

Meanwhile, a key advantage of stablecoins over bank payments, is they don’t require interbank settlement. In the Philippines, the main National Retail Payment System (NRPS) limits payments to around $1,000 to manage risks. That’s because while the banks credit recipients almost immediately, the interbank settlement is not real time.

By contrast, the existing closed looped clearing house operated by UBX has been using blockchain for years, minting and burning tokens which are backed by reserves. Hence, it has already seen the benefits of stablecoin-style payments, where clearing and settlement don’t involve separate steps.

Getting to launch

The central bank is going to have the last say about when the solution goes live, with the earliest launch date between May and July this year.

Mr Inderias emphasized that the goal of PHPX isn’t purely for remittances. He also envisages larger cross border payments for trade and the potential domestic use of the stablecoin at point of sale (POS). But before that can even be considered, the first step is getting bank applications live.

“If and when we go to retail, we’ll do that in a measured way under the purview of the regulator,” he said.

Details of more than 20 bank linked stablecoins are available in our report on stablecoins and tokenized deposits.

Link