The Magic Newton Foundation has announced the launch of the $NEWT token, aimed at improving transparency and equity in token distribution, responding to industry demands.
Launch of $NEWT Token
On June 25, 2025, in George Town, Cayman Islands, the Magic Newton Foundation launched $NEWT, the native token of the Newton Protocol. The token launch features high disclosure standards aimed at ensuring equitable distribution and eliminating insider advantages in the cryptocurrency industry.
Transparency and Fairness in Distribution
Research from Solidus Labs indicated the high likelihood of insider trading, which has intensified calls for transparency measures supported by the foundation. $NEWT is built on principles of fairness and transparency, reflecting the very architecture of the Newton Protocol. The focus of the tokenomics is on an open distribution system that prevents hidden allocations and unexpected token unlocks.
Functions of $NEWT Token
$NEWT powers several functions within the Newton Protocol ecosystem, including: (i) securing the network through staking rewards for validators, (ii) serving as the native gas token for updating permissions, (iii) enabling agents to earn fees for automated services with $NEWT collateral, and (iv) granting governance rights for token holders.
The launch of the $NEWT token sets a new standard for transparent and fair token distributions, strengthening trust among users in the cryptocurrency industry.
