DMT-NAT

DMT-NAT, ticker NAT, is a Bitcoin-native token derived directly from data embedded in Bitcoin's blocks, placing it in the Inscriptions category of the Ethereum ecosystem as classified here. It describes itself as a second subsidy for Bitcoin miners, sitting alongside the standard block reward, with the stated aim of reinforcing Bitcoin's long-term security budget. The project positions this as a solution to the question of how Bitcoin's network security will be funded as block rewards continue to diminish over time.

NAT is minted through a process tied to Bitcoin's block data rather than through a separate proof-of-work or proof-of-stake mechanism, and the data on file records a block time of zero minutes, reflecting that it inherits Bitcoin's block cadence rather than running its own chain. Bitcoin miners receive NAT as an additional reward alongside standard bitcoin block subsidies, making the token's issuance structurally linked to Bitcoin mining activity. Because no consensus algorithm is listed separately, the token's settlement depends on Bitcoin's own consensus layer.

The data on file contains no fee stream for NAT — there is no protocol revenue, no fee collected from users, and no recorded fee distribution to holders or any other party. This means the fee-based measures typically tracked on this site, such as protocol revenue or fee yield, are not applicable here. The circulating supply stands at 388,133,597,130,973 tokens, all of which have been issued, as the supply issued figure shows 100 percent on a point-in-time basis with zero dilution overhang and a fully diluted valuation equal to the market cap of 32,969,322 US dollars.