#NEWTBinanceHODLer The airdrop of the NEWT token was scheduled for June 24, reserving 10% of the supply for rewards. A funding of $90 million from PayPal Ventures and Polygon reinforces investor confidence.
The cryptocurrency exchange Binance has announced that it will incorporate Newton Protocol into several of its platforms, such as Binance Earn, Binance Futures, Binance Alpha, and others. This latest announcement comes after Newton Protocol recently revealed its tokenomics along with an airdrop of its NEWT tokens, corresponding to 10% of its total supply.
Newton Protocol, developed by Magic Labs, is a verifiable automation platform on blockchain that allows users to delegate complex cross-chain tasks to AI agents, protected by cryptographic safeguards at each step.
Binance has announced that users can now purchase NEWT using various payment methods, including VISA, MasterCard, Google Pay, Apple Pay, and Revolut. Users can also buy and sell NEWT using their account balances through the platform's 'Buy Crypto' page.
Binance Margin will also introduce NEWT as a borrowable asset. The platform will support the NEWT/USDT and NEWT/USDC pairs in both Cross Margin and Isolated Margin trading.
With its inclusion in Binance, NEWT is set to receive a significant boost in liquidity from cryptocurrency traders around the world, as the exchange controls 38% of the market. Newton Protocol (NEWT) experienced a 40% increase in its value following announcements of its inclusion by major cryptocurrency exchanges in South Korea, Upbit and Bithumb.
Binance includes Newton Protocol after the announcement of the airdrop
The Magic Newton Foundation recently announced a total supply of 1 billion NEWT tokens. However, initially, only 21.5% of the total supply or two hundred fifteen million tokens will be in circulation.
The allocation strategy includes 60% of the total supply for community initiatives, encompassing incentives, rewards, liquidity, development funds, and treasury support, fostering growth and promoting the decentralization of the protocol.
The remaining 40% is allocated to internal stakeholders, including key contributors, early investors, and Magic Labs.#USCorePCEMay $SOL