logoNewton (NEW)

Infrastructure for the Community Economy

WHAT IS NEWTON?

By providing services around governance, collaboration, and incentives, Newton aims to build a community-based economy that benefits all contributing participants.

Newton has a full-stack technology architecture, including a underlying public blockchain (New Chain), a distributed storage service (New Net), and New IoT which will be developed in future releases. The Newton team plans to implement a Delegated Proof of Stake mechanism for block producer election, who will utilize the Proof of Authority consensus mechanism for block production.

Instead of tokens, Proof of Authority utilizes each node's reputation as stake, and each node has the same weight in the block production process after they are elected as validators. The Delegated Proof of Stake mechanism for electing block producers is under development. Currently all block producers are run by the project team and its partners, but the team plans to decentralize the network in the future. As at this time of writing, block producers do not receive any block rewards, and block rewards are distributed only to ecosystem participants that contribute to the system by referral, voting, etc. Block producers will begin to receive block rewards once the general public starts participating in block production (after Delegated Proof of Stake is implemented).

Newton has developed a Hyper Exchange Protocol on its basic technology layer. The Hyper Exchange Protocol enables functionalities including digital identity and credit, supply chain, digital marketing, payments, etc.

As the native token of New Chain, NEW will be used for token transactions and smart contract executions, similar to how ETH functions in the Ethereum ecosystem.

The first application running on Newton is New Mall, a blockchain-based ecommerce platform which aims to eliminate intermediaries. In addition to the retail industry, the Newton team is also committed to fostering applications in agriculture, supply chain, self-finance, payment, public welfare, games and other fields.

KEY METRICS (as at January 13th 2020)

TickerNEW
Price$0.001978 (24 sats)
24H Mkt. Cap$41.71 MM
24H Volume$2.40 MM
30 Day Avg. Volume$2.73 MM
Circ. Supply21,088,994,718 NEW (21.34%)
Total Supply98,823,661,261.46 NEW*
Project Websitehttps://www.newtonproject.org
Project Teamhttps://www.newtonproject.org/team
Project Githubhttps://github.com/newtonproject
Project WhitepaperLink

*Originally, 1,500,000,000 NEW was reserved for the Public Sale, however not all of them were sold. The unsold 1,176,338,738.54 NEW were burnt, reducing the total NEW supply from 100,000,000,000 to 98,823,661,261.46.

RECENT NEWS

  • December 2019: Optimized the architecture of open governance tools
  • November 2019: Newton Ecosystem seminar held in Beijing
  • October 2019: Cooperation agreement signed by NewFund and Miaocaiwang
  • September 2019: NewMall updated to 2.0.0
  • August 2019: NewPay updated to version 1.3.2
  • July 2019: NEW listed on Binance DEX

TOKEN SALE OVERVIEW

  • Seed Sale: Conducted in March 2018 at a rate of 15,000,000 NEW = 1 BTC and raised a total of 500.00 BTC (~$4.27MM) at ~$0.0005697 per NEW, selling 7.59% of total token supply.
  • Private Sale: Conducted in July 2018 at a rate of 2,000,000 NEW = 1 BTC and raised a total of 3,000.00 BTC (~$22.99MM) at ~$0.0038311 per NEW, selling 6.07% of total token supply.
  • Public Sale: Conducted in October 2018 at a rate of 1,000,000 NEW = 1 BTC and raised a total of 323.66 BTC (~$1.28MM) at ~$0.004 per NEW, selling 0.33% of total token supply.
  • Huobi IEO: Conducted in April 2019 at a rate of 1,078.17 NEW = 1 HT and raised a total of 1,855,000 HT (~$4.00MM) at ~$0.002 per NEW, selling 2.02% of total token supply.

Token Supply Distribution

  • Seed Sale tokens comprise 7.59% of total token supply.
  • Private Sale tokens comprise 6.07% of total token supply.
  • Public Sale tokens comprise 0.33% of total token supply.
  • Huobi IEO tokens comprise 2.02% of total token supply.
  • Community Incentives tokens comprise 60.71% of total token supply.
  • Team tokens comprise 10.12% of total token supply.
  • Foundation tokens comprise 13.15% of total token supply.

Token Release Schedule

Community Incentives tokens will continue to be released after December 2021.

COMMUNITY DATA

Newton has established community groups covering 89 countries. Newton will initially focus on China, Russia, Vietnam, and Turkey, before expanding into other regions of the world.

Current community growth strategies of Newton include:

  • Cooperating with Newton Ecosystem partners, such as Wanqi Group and Miaocaiwang, etc., to bring more users into the Newton community.
  • Hosting global Newton Ecosystem Seminars and Newton World Conference.
  • Launching online marketing events.
  • Providing tutorials for new community members.
  • Project progress updates and media cooperation.

Future community growth strategies of Newton include:

  • Improving developer toolkits and hosting local developer conferences.
  • Launching the Blockchain Debate Podcast to improve brand awareness.
  • Releasing NewMall ambassador plan.

Community and Social Channels (as at January 13th 2020)

Twitter (English) | 5.4K Followers
Facebook (English) | 622 Followers
Medium (English) | 302 Followers
Reddit (English) | 416 Subscribers
Telegram (English) | 5.4K Members
Telegram (Chinese) | 1.9K Members
Telegram (Korea) | 315 Members
Telegram (Australia) | 1.1K Members
Weibo (Chinese) | 2.2K Followers