Atlas Navi

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Discover Atlas Navi's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Atlas Navi?

Atlas Navi (NAVI) is a cryptocurrency powering a navigation app that uses AI and smartphone cameras to detect road conditions, accidents, and traffic. It features licensed 3D NFT vehicles and a "drive-to-earn" mechanism, rewarding users for each mile driven. The app offers premium features, vehicle upgrades, and maintenance services, with NAVI tokens granting access to these functionalities and enabling transactions within the ecosystem.

How is Atlas Navi used?

The crypto token Atlas Navi (NAVI) is used in various ways within the Atlas Navi ecosystem:

  1. Premium Features: Users can access premium features of the navigation app by using NAVI tokens or fiat subscriptions.

  2. Drive-to-Earn Rewards: Users need to purchase vehicle NFTs with NAVI tokens to participate in the Drive-to-Earn mechanism, which rewards them for every mile driven. These rewards can be exchanged for NAVI tokens inside the app.

  3. Vehicle NFTs: NAVI tokens are used to buy, upgrade, repair, and maintain vehicle NFTs within the app.

  1. DAO/Voting Rights: Token holders have voting rights to influence future vehicle releases and app developments.

  2. Auto Clubs and Events: Users can participate in virtual and real-world auto clubs and events using NAVI tokens.

  3. Smart City Data: Smart city administrations can purchase data generated by the AI system using NAVI tokens.

  1. Fleet Management: Fleets with multiple vehicles can use NAVI tokens for dispatching and fleet management solutions.

  2. Real-World Services: NAVI tokens can be used to purchase real-world services such as insurance, vehicle maintenance, and car washes.

These utilities make the NAVI token a crucial part of the Atlas Navi ecosystem, driving user engagement and enabling various transactions and rewards within the app.

How do I store Atlas Navi?

To store Atlas Navi (NAVI) tokens securely, you have several options:

  1. Paper Wallet: You can use a paper wallet, which is a printed copy of your private keys. This method provides offline storage and is less susceptible to hacking risks.

  2. Non-Custodial Wallets: You can store your NAVI tokens in non-custodial wallets, such as hardware wallets, Web3 wallets, or paper wallets. This option gives you complete control over your private keys, ensuring maximum security. However, it may be less convenient for frequent trading or staking.

  3. KuCoin Account: You can hold your NAVI tokens in your KuCoin account, which provides quick access to trading products like spot and futures trading, staking, and lending. KuCoin serves as the custodian, but make sure to set up a strong password and upgrade your security settings to prevent unauthorized access.

  1. Metamask or TrustWallet: You can also use wallets like Metamask or TrustWallet to store your NAVI tokens. These wallets can connect to various decentralized applications and Web3 services, offering flexibility and interoperability.

Regardless of the method you choose, ensure you store your private keys securely to prevent loss or unauthorized access to your tokens.

How to buy Atlas Navi?

To buy Atlas Navi (NAVI) tokens, follow these steps:

  1. Create an Account on a Reliable Exchange:

    • Choose a reputable exchange such as Kucoin, MXC, or Gate.io. Create an account by providing necessary information, including your email address and a secure password. Complete any identity verification steps required by the exchange.
  2. Choose a Funding Method:

    • Exchanges offer multiple payment methods. You can use credit/debit cards, bank deposits, peer-to-peer trading, or third-party payment services. Ensure the exchange supports your chosen method.
  3. Buy Atlas Navi (NAVI):

  • Navigate to the exchange's Buy & Sell section and select Atlas Navi (NAVI) as the cryptocurrency you want to buy. Choose your preferred order type, such as market order or limit order.
  1. Transfer NAVI to Your Wallet:
    • Once you've purchased your NAVI tokens, you can either hold them in your exchange account or transfer them to a personal cryptocurrency wallet for additional security and passive income opportunities.

Alternatively, you can use a decentralized exchange (DEX) by connecting your crypto wallet to the DEX and trading your Ethereum for Atlas Navi.

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History of Atlas Navi

The history of Atlas Navi (NAVI) is marked by significant milestones in its development and growth. The project began in 2012 when Theodore, the founder, started working on crypto-related ventures. Over the years, the team has dedicated thousands of hours to creating a proprietary navigation app that integrates cutting-edge A.I. technologies and blockchain innovations.

In 2018, Atlas Navi developed a Hyperledger-based permission blockchain network, enabling vehicles to communicate with each other, smartphones, and smart city infrastructures. This marked a crucial step in building the foundation for its Drive-to-Earn navigation app.

In 2019, the company received a $1,600,000 grant from the European Union to invest in A.I. infrastructure and develop the computer vision technology underpinning the Atlas Navi app. This grant significantly boosted the project's development and credibility.

The year 2020 saw the development of the Atlas Navi app's core functionalities, along with progress audits and strategic partnerships. In 2021, the team continued to build the ecosystem, and by Q3 2022, the beta app was released. The app's expansion and decentralization were key focuses in Q4 2022.

In 2023, Atlas Navi integrated its technology with more blockchains, created the Dyverse DAO, and formed strategic partnerships. The project also focused on marketing and integrating 3D NFTs. Looking ahead, the team plans to develop an immersive play-to-earn drag race game experience in 2024 and integrate Atlas Navi technology into vehicle lines for consumer markets in 2025.

Throughout its history, Atlas Navi has demonstrated a commitment to innovation and growth, positioning itself as a leader in the navigation app market with its unique blend of A.I. and blockchain technologies.

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How Atlas Navi works

Atlas Navi (NAVI) is a cryptocurrency project that combines artificial intelligence (AI) and blockchain technology to create a unique navigation app. Here's how it works:

Navigation App

The Atlas Navi app uses a smartphone camera to detect road conditions, traffic, accidents, and other hazards in real-time. This information is analyzed by AI algorithms to provide drivers with the most efficient and safe routes. The app can detect various road conditions, including traffic in each lane, available parking spaces, police vehicles, and road closures.

Drive-to-Earn Mechanism

The app rewards users for every mile driven with the app active. This is known as the "drive-to-earn" mechanism. Users can earn rewards in the form of NAVI tokens, which can be cashed out using their own wallet.

3D NFT Vehicles

To fully participate in the drive-to-earn mechanism, users need to own a 3D NFT (non-fungible token) vehicle. These NFTs can be purchased using credit/debit cards or NAVI tokens. Owning an NFT vehicle allows users to cash out their rewards and participate in the app's in-app economy.

Blockchain Integration

Atlas Navi uses blockchain technology to ensure the security and transparency of its ecosystem. The app's AI and blockchain integration enable real-time data analysis and secure transactions within the app.

Roadmap and Development

The project has a detailed roadmap, which includes milestones such as integrating the app with more blockchains, creating a decentralized autonomous organization (DAO), and developing a play-to-earn game. The team behind Atlas Navi has received grants from the European Union to support the development of its technology.

User Base and Statistics

The app has gained significant traction, with over 698,000 downloads and 112 million miles driven. Users spend an average of 46 minutes per day using the app, and it has a strong referral program that rewards users for inviting friends.

Overall, Atlas Navi combines cutting-edge AI and blockchain technology to create a unique navigation app that rewards users for their driving activities.

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Atlas Navi's strengths

The token Atlas Navi (NAVI) has several strengths that contribute to its value and utility within the Atlas Navi ecosystem:

  1. Governance and Participation: NAVI token holders have the privilege of participating in the decision-making process by voting on crucial updates and proposals within the NAVI Protocol, giving them a direct say in the ecosystem's development.

  2. Purchase and Access: NAVI tokens are essential for purchasing functional and collectible vehicle NFTs within the Atlas Navi ecosystem. They also grant access to premium features in the Atlas Navi Drive 2 Earn app, such as vehicle upgrades and maintenance.

  3. Reward System: The tokens serve as a reward system for drivers, incentivizing them to use the app and contribute to the ecosystem. Users earn $MILE tokens for every mile driven, which can be converted into NAVI tokens. This encourages user engagement and drives the growth of the platform.

  1. Tokenomics and Distribution: The token distribution is carefully allocated among various sectors, including the project team, treasury, liquidity provisions, public sales, marketing endeavors, ecosystem development, and advisory counterparts. A significant 45.8% of the NAVI tokens are allocated towards enhancing ecosystem and community incentives, which includes airdrops and campaigns to boost the total value locked within the system.

  2. Integration and Utility: NAVI tokens can be used to exchange for in-app points for vehicle upgrades or maintenance, and they empower users to participate in the Atlas Navi DAO, influencing the ecosystem’s development and new vehicle launches.

These strengths collectively contribute to the token's value and utility within the Atlas Navi ecosystem, making it an attractive investment opportunity for those interested in the intersection of navigation and blockchain technology.

Atlas Navi's risks

Atlas Navi (NAVI) is a cryptocurrency project that operates as a "Drive to Earn" navigation app, utilizing AI and smartphone cameras to detect road conditions, accidents, traffic, and police presence. The app rewards users with NAVI tokens for driving miles and participating in the ecosystem.

The financial risks associated with Atlas Navi are primarily related to its market volatility and potential manipulation. According to InvestorsObserver, the token has a high risk rating due to the ease with which its price can be influenced by limited trading activity. This means that the token's value can fluctuate significantly in response to small changes in market conditions.

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Did Atlas Navi raise funds?

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Atlas Navi’s team

  • George Grama: Founder and CEO of Atlas Navi, a serial software entrepreneur with a focus on AI video analysis, transportation, rideshare, and blockchain. He is a committed and determined individual with experience in coaching and team management.
  • Florin Prec: COO of Atlas Navi, responsible for business development and software delivery across multiple countries and projects.
  • Theodore Agranat: Advisor to Atlas Navi, with a background in investing in and advising early-stage blockchain projects.

Whalee AI

The fundamental analysis assistant for crypto value investors.

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