The Magic Newton Foundation launched NEWT, the native token for its Newton Protocol, aiming to fix problems with how crypto tokens are usually released. The launch emphasizes transparency and fairness, addressing concerns about insider trading and unequal distribution.
Addressing Insider Trading in Crypto
Studies show a significant problem with insider trading in crypto token launches. Insiders often trade before announcements, benefiting unfairly. NEWT aims to solve this by being completely transparent.
NEWT: Transparency and Fairness in Action
NEWT’s design and distribution prioritize transparency and user control, mirroring the Newton Protocol itself. This protocol uses verifiable AI for crypto operations, ensuring users maintain control of their assets. Mohammad Akhavannik, Managing Director at the Magic Newton Foundation, highlighted the project’s commitment to restoring trust through full on-chain transparency and equitable distribution. Coinbase even praised the Foundation’s detailed disclosures.
Token Allocation and Transparency
60% of the 1 billion NEWT tokens are going to community initiatives, with quarterly reports tracking their use. Team and contributor tokens have 36-month vesting schedules with a 12-month lock-up, ensuring long-term commitment. Liquidity provider agreements are also public, preventing hidden deals that can harm community trust.
NEWT’s Four Core Functions
NEWT has four key roles within the Newton Protocol:
- Staking Rewards: Securing the network.
- Transaction Fees: Paying for actions on the network.
- Agent Services: Paying providers of automated services.
- Governance: Giving token holders a say in the protocol’s future.
The Newton Protocol: Secure AI Automation
The Newton Protocol tackles the risks of trusting AI agents blindly. It uses verifiable automation, letting users see that agents are following instructions precisely. Early supporters will get rewarded for helping spread the word. Magic Labs, a key developer, has already integrated over 50 million embedded wallets through various partnerships.
NEWT Availability
NEWT is now available on major exchanges like Coinbase, Upbit, Binance, Bybit, and Bithumb.
About the Magic Newton Foundation
The Magic Newton Foundation, with support from Magic Labs, develops and promotes the Newton Protocol. This protocol aims to make crypto workflows more efficient and secure through verifiable, on-chain automation. It uses trusted execution environments, zero-knowledge proofs, and a modular agent architecture to achieve this.
