1. What is the project?
Newton Protocol (NEWT) is a decentralized infrastructure layer designed to revolutionize automated on-chain finance. By integrating Trusted Execution Environments (TEEs) and Zero-Knowledge Proofs (ZKPs), the project aims to create a transparent, secure, and trustworthy financial ecosystem.
The NEWT token serves as the native token of the protocol, playing a pivotal role in governance, security, and network operations. Developed by the Magic Newton Foundation, Newton Protocol seeks to establish a new benchmark for transparency and fairness in the cryptocurrency industry.
2. Key Highlights
Advanced Technology: Employs TEEs and ZKPs to ensure privacy and security for on-chain financial transactions.
Decentralized Governance: Committed to transitioning to a DAO (Decentralized Autonomous Organization) model, empowering the community to influence fund allocation, model registrations, fees, and project priorities.
Unparalleled Transparency: Sets a new standard for token disclosures with quarterly transparency reports and independent third-party audits.
Diverse Ecosystem: Supports the development of automated financial applications, ranging from asset management to complex financial services.
3. Products
Newton Network: A decentralized network enabling highly reliable automated financial transactions, powered by a Delegated Proof-of-Stake (dPOS) consensus mechanism.
Newton Model Registry (NMR): A platform where developers can register and share AI models, earning NEWT rewards based on model usage.
Staking and Governance: Users can stake NEWT to participate in governance, secure the network, and earn rewards.
4. Funding
The project has raised capital through private funding rounds with participation from strategic investors. However, specific details regarding the total amount raised and the funding rounds have not been publicly disclosed in the available resources.
5. Backers
Newton Protocol is backed by Magic Labs, the entity responsible for its initial development, alongside several Early Backers.
6. Tokenomics & Allocation
Total Supply: 1,000,000,000 NEWT
Initial Circulating Supply: 215,000,000 NEWT (21.5%)
Allocation:
Community: 60% (includes Initial Airdrop, Network Rewards, Liquidity, Onchain Ecosystem Growth Fund, Onchain Ecosystem Development Fund, Onchain Foundation Treasury).
Core Contributors: 18.5%.
Early Backers: 16.5%.
Magic Labs: 5%.
Utility: NEWT is used for staking to secure the network, paying gas fees for on-chain transactions, and registering models in NMR.
7. Binance Hodler Airdrop
Newton Protocol has been selected as an airdrop project for Binance Hodlers
Further details check here https://www.binance.com/en/square/post/26008304873353
8. Token Unlock
Community:
Initial Airdrop, Network Rewards, Liquidity (22.5% of total supply): 100% unlocked at launch.
Onchain Ecosystem Growth Fund, Development Fund, Foundation Treasury (37.5% of total supply): 20% unlocked at launch, with the remainder unlocking over 48 months.
Team, Investors, Magic Labs: Tokens are locked for 12 months, followed by a 36-month vesting period with a 33.3% cliff.
Conclusion
Newton Protocol (NEWT) is more than just a decentralized finance project; it represents a transformative leap toward the future of the crypto industry. With its groundbreaking technology, unwavering commitment to transparency, and strong community involvement, NEWT is poised to become a trailblazer in on-chain finance.
This article is for informational purposes only. The information provided is not investment advice
