On June 23rd, the Magic Newton Foundation announced the launch of the NEWT token, with a total fixed supply of 1 billion tokens (1,000,000,000). At launch, the circulating supply is 215 million tokens (21.5% of the total). 10% of the total tokens will be distributed to early Newton Protocol users and participants in the growth plan. More details about airdrop allocation and eligibility will be announced soon.
Distribution:
The distribution of Newton tokens is as follows, with 60% of the supply allocated to the community category and 40% allocated to the internal category.
The "Community" allocation refers to tokens reserved for directly supporting the growth, technological development, and decentralization of the Newton Protocol, achieved through ecosystem grants, network rewards, community rewards, and operational support of the on-chain foundation treasury. The treasury supports the foundation's operational capacity to serve the protocol and its community, covering key functions such as coordinating contributors, supporting governance, and public infrastructure to promote ecosystem prosperity.
The "Internal" allocation refers to tokens distributed to core contributors, early supporters, and Magic Labs, recognizing their foundational work in protocol construction and launch support. These allocations represent key resources dedicated to the ongoing management and development of the ecosystem.
Token Distribution Details:
Tokens allocated to the on-chain ecosystem development fund, on-chain ecosystem growth fund, and on-chain foundation treasury will follow a 48-month linear unlock schedule, with 20% of the respective allocation immediately unlocked at launch to meet the immediate funding requirements for critical early protocol development, growth, and operations.
Tokens allocated to core contributors, early supporters, and Magic Labs will follow a 36-month vesting period, with an initial lock-up period of 12 months.
For both internal and community allocations, locked or non-vested tokens are prohibited from being sold or transferred through secondary over-the-counter (OTC) trading before full vesting and unlocking.
