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Binance Alpha recently listed a new blockchain and AI project called Newton Protocol (NEWT).
Newton Protocol also officially announced its tokenomics, with an airdrop of 10% of the total NEWT token supply for initial rewards and the community.
Key Dates, Eligibility, and Tokenomics Explained
Developed by Magic Labs, Newton Protocol is a verifiable on-chain automation protocol. It allows users to delegate complex, cross-chain actions to AI agents, and cryptographic safeguards ensure security throughout the process.
According to the official announcement from the Magic Newton Foundation blog, the total NEWT token supply is 1 billion. Two hundred fifteen million tokens (21.5%) are in initial circulation.
The team allocated 60% of the total supply to community initiatives, including incentives, rewards, liquidity, development funds, and treasury support. This distribution aims to drive growth and promote protocol decentralization. The team allocated 40% to internal stakeholders, including core contributors, early investors, and Magic Labs. This involves vesting schedules and gradual distribution.
The highlight of this event is the NEWT token airdrop. The team allocated 10% of the total supply (equivalent to 100 million tokens) for initial and community rewards. Additionally, 0.9% of the total supply will be allocated for Kaito rewards, and the snapshot time is scheduled at 7:59 UTC on June 20, 2025. This creates opportunities for early participants to accumulate points and earn rewards, particularly through activities on the Kaito platform.
NEWT’s Market Momentum
NEWT has secured $90 million in funding from major investors like PayPal Ventures and Polygon, alongside a balanced token distribution strategy. The Token Generation Event (TGE) and airdrop are scheduled for June 24. This coincides with the trading launch on Binance Alpha, drawing significant market attention.
In addition, Newton Protocol (NEWT) surged 40% in value after South Korea’s largest cryptocurrency exchanges, Upbit and Bithumb, announced its listing. However, Binance Alpha’s recent lackluster performance poses a significant challenge for new projects like Newton Protocol.
Users should follow official Binance and the Magic Newton Foundation announcements to maximize benefits. Staying updated on market developments ensures timely awareness of trading schedules and airdrop participation requirements.