Binance has announced the launch of the new NEWTUSDT perpetual contract, which combines the capabilities of artificial intelligence with blockchain technology.
Newton Protocol: Combining AI and Blockchain
The underlying asset for the NEWT contract is the Newton Protocol, designed to integrate artificial intelligence with blockchain through a secure rollup architecture. The project's mission includes supporting AI-driven trading strategies and establishing a decentralized marketplace for AI developers. The total supply of NEWT tokens is 1 billion, aiming to become a backbone for automated financial innovation.
Contract Features and Trading Mechanics
The NEWTUSDT perpetual contract is USDⓈ-margined and settled in USDT, with trading available 24/7. Funding fees will be settled every four hours, and the funding rate is capped at ±2.00%. During the pre-market phase, the mark price is determined using a rolling 10-second average of recent trade prices, recalculated every second. If fewer than 21 transactions are available in that window, the mark price uses the last 20 trades.
Transition to Standard Perpetual Contract
Once a stable index price is established from spot market data, the NEWTUSDT contract will transition from pre-market to standard perpetual format. This process will not disrupt trading activity, and open orders and positions will remain intact throughout the shift.
The introduction of the NEWTUSDT contract highlights Binance's effort to expand trading options by merging artificial intelligence technologies with blockchain.
