NAT PriceDMT-NAT

What is NAT (DMT-NAT)?

NAT (DMT-NAT) is a Bitcoin-native token derived directly from Bitcoin's block data, making it inseparable from the network itself. It is described as the first Bitcoin-produced digital commodity, generated with every Bitcoin block and distributed directly to Bitcoin miners as a second subsidy alongside block rewards. NAT stands for Non-Arbitrary Token. Unlike most tokens whose creators design their own rules and supply, NAT's construction is open and based on actual block information of Bitcoin. Its development aligns with the natural growth of Bitcoin — as long as Bitcoin continues adding new blocks, NAT will grow, with its supply reflecting the continued activity of Bitcoin. The project positions itself as Bitcoin's second miner subsidy, designed to address the declining security budget and strengthen long-term miner incentives as block subsidies decline. NAT is the primary token of the NatGMI ecosystem and is part of DMT (Digital Matter Theory), a concept that uses Bitcoin's existing system to create tokens and applications without changing its core.

Key Specifications & Tokenomics

• Name: NAT (also referred to as DMT-NAT)
• Ticker / Symbol: NAT / DMT-NAT
• CMC ID: 34366
• Official Website: https://www.natgmi.com/
• Whitepaper: https://natgmi.com/natpaper
• GitHub: https://github.com/Trac-Systems/ord-tap/
• X (Twitter): https://twitter.com/natgmi
• Tags / Categories: Bitcoin Ecosystem, Ordinals - BRC20 Ecosystem
• Blockchain: Bitcoin-native (derived directly from Bitcoin's block data)
• Token Type: Bitcoin-native TAP token (DMT-NAT), derived from Bitcoin block data; a bridged Ethereum contract also exists at 0x249130F5E2dD4CF278180c0dF8273f3592Ad1247.
• Launch Date: November 2023 (CoinMarketCap registry lists 2023-11-19; the project's own materials state November 20, 2023).
• Circulating Supply: 388,133,597,130,973 NAT (CoinMarketCap).
• Total Supply: 388,133,597,130,973 NAT (CoinMarketCap).
• Max Supply: No capped maximum — supply is dynamic and expands with each new Bitcoin block.
• Bitcoin inscription: 42411874 (explorer: ordinals.com/inscription/42411874).
• Ethereum contract: 0x249130F5E2dD4CF278180c0dF8273f3592Ad1247 (etherscan.io/token/0x249130F5E2dD4CF278180c0dF8273f3592Ad1247).
• Solana contract: 9BB6NFEcjBCtnNLFko2FqVQBq8HHM13kCyYcdQbgpump.
• CertiK rating: 3.0 (out of 5, issued by CertiK).
• Holder count: approximately 8.99K holders (DEX listing).

Who created NAT (DMT-NAT)?

The development of the DMT-NAT protocol is associated with Trac Systems, a team focused on building decentralized indexing and meta-protocol infrastructure. Separately, the BlockRunner team is working to update the protocol to optionally allow DMT tokens to be extractable only by the miners who win the Bitcoin block. NAT was launched through a fair mint with no pre-mines or insider allocations, aligning with Bitcoin's ethos of openness and decentralization. The project's origins trace back to the introduction of Digital Matter Theory and the NAT token as an experiment in redefining what Bitcoin could become. The protocol's development is associated with Trac Systems (GitHub: github.com/Trac-Systems/ord-tap).

How does NAT (DMT-NAT) work?

Miners secure the Bitcoin network by solving complex puzzles. Because Bitcoin's block rewards halve every four years, miner income declines. NAT fills that gap by adding a new revenue stream. Initially, anyone could mint NAT on a first-come, first-served basis. Later, the system transitions to a miner-redirect model, where BTC miners earn NAT each time they mine a block. This adds a continuous bonus layer to their regular Bitcoin rewards, helping to maintain long-term security. A new block of Bitcoin can create a certain number of NAT tokens. The amount varies according to the bits field, which indicates the level of difficulty of mining. NAT's supply adjusts to Bitcoin's mining difficulty: when BTC mining difficulty rises, the system mints fewer tokens; when it becomes easier, the system mints more. This keeps NAT aligned with Bitcoin's health and energy use. NAT strengthens Bitcoin by increasing miner incentives, which boosts the network's hash rate and security.

What makes NAT (DMT-NAT) unique and valuable?

NAT is unique because it is a Bitcoin-native token derived directly from Bitcoin's block data, making it inseparable from the network itself. Unlike most tokens whose creators design their own rules and supply, NAT's construction is open and based on actual block information of Bitcoin. It is described as the first Bitcoin-produced digital commodity, generated with every Bitcoin block and distributed directly to Bitcoin miners as a second subsidy alongside block rewards. The project addresses the declining security budget and strengthens long-term miner incentives as block subsidies decline. NAT reframes the question: how much is Bitcoin's security worth? As part of DMT (Digital Matter Theory), NAT uses Bitcoin's existing system to create tokens and applications without changing its core. DMT cross-chain integration allows applications to anchor authority in Bitcoin and facilitates quicker and less expensive operations, such as minting, trading, and transferring, across different chains. NAT serves as a proof of concept for DMT, demonstrating that Bitcoin-native assets can be created from blockchain data.

What is NAT (DMT-NAT) used for?

NAT serves as the primary token of the NatGMI ecosystem and is part of DMT (Digital Matter Theory), a meta-protocol where NAT is described as the first token of a new meta-protocol (NATs). It is used to reward Bitcoin miners as a second subsidy alongside block rewards, adding a continuous bonus layer to their regular Bitcoin rewards. UNAT mint inscriptions allow each mint inscription to be a unique art piece rendered from Bitcoin's block data. DMT cross-chain integration enables applications to anchor authority in Bitcoin and facilitates quicker, less expensive operations such as minting, trading, and transferring across different chains. The BlockRunner team is working to update the protocol to optionally allow DMT tokens to be extractable only by the miners who win the Bitcoin block. NAT is also tradable on various platforms, with conversion pairs available including DMT-NAT to AUD, BRL, CAD, EUR, GBP, HKD, RUB, SGD, TWD, and KRW.

How Is the NAT (DMT-NAT) ecosystem developing?

The NatGMI ecosystem is centred around NAT as its primary token. DMT (Digital Matter Theory) is a meta-protocol where NAT is described as the first token of a new meta-protocol (NATs). UNAT mint inscriptions were introduced, with each mint inscription being a unique art piece rendered from Bitcoin's block data. DMT cross-chain integration allows applications to anchor authority in Bitcoin and facilitates quicker, less expensive operations across different chains. The BlockRunner team is working to update the protocol to optionally allow DMT tokens to be extractable only by the miners who win the Bitcoin block. A GitBook entry dated Feb. 28, 2024 describes creating UNAT mint inscriptions with rendered content. YouTube videos discuss the latest updates in the DMT ecosystem and the NAT token beginning a new resurgence in volume and value, as well as the first week of NAT tokens being allocated to Bitcoin miners and longer-term implications. An X post from @TheBlockRunnerBitcoin notes Bitcoin's fee market is drying up — empty blocks, off-chain settlements, and a shrinking subsidy are setting up a long-term sustainability issue — and explores how NAT, built on Digital Matter Theory, could be the breakthrough fix Bitcoin needs. An Altcoin Buzz article dated Oct. 7, 2025 describes NAT as a Bitcoin-native token rewarding miners. NAT is a TAP token listed on Ordinals Wallet under the collection TAP DMT-NAT, tradable for BTC. DEX venues include Uniswap V4 (Ethereum) pairs against the Ethereum contract, and the CEX venue Nonkyc.io lists NAT/USDT.

How to mine NAT (DMT-NAT)?

NAT is not mined separately. Bitcoin miners receive NAT automatically as a second subsidy each time they mine a block; earlier, anyone could mint NAT on a first-come, first-served basis before the miner-redirect model took over.

How to keep your NAT (DMT-NAT) Coin safe?

Bitget notes that DMT-NAT's value is not widely recognized by the market and that the price has fallen well below its all-time high, describing the coin as currently high-risk with significant uncertainty. The market is currently pessimistic about the price trend of DMT-NAT. Just like all cryptocurrency investments, investors must closely monitor the market performance of DMT-NAT and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential. Bitcoin and other cryptocurrencies are high-risk investments. To keep your NAT Coin safe, use hardware wallets for long-term storage, enable two-factor authentication on exchange accounts, verify contract addresses before transacting, and avoid sharing private keys or seed phrases. Always conduct independent research before making any investment decisions.