PANews June 23 news, according to the official blog of the Magic Newton Foundation, the Newton Protocol (NEWT) has announced its token economics, with a total supply of 1 billion tokens and an initial circulation of 215 million tokens (21.5%). Among them, 60% is allocated to community categories, including ecological incentives, network rewards, liquidity, ecological growth fund, ecological development fund, and foundation treasury, to support the development of the protocol and decentralization. 40% is allocated to internal categories, including core contributors, early investors, and Magic Labs, with related allocations subject to lock-up and vesting periods. The official announcement states that the NEWT TGE and airdrop will go live on June 24, and an additional 0.9% of the supply will be used as Kaito rewards, with the Kaito snapshot time set for June 20, 2025, at 7:59 UTC.
