Newton Project aims to build infrastructure for community-based economy, and through the provision of services around governance, collaboration and incentives, Newton upgrades corporate economy to a brand new community-based economy that benefits everyone who contributes. The Newton team is distributed all over the world and is made up of technical experts from different countries, e-commerce entrepreneurs and other industry elites. Newton has a full-stack technology architecture, including the underlying public chain New Chain (mainnet launched in December 18, 2018, with a “Main chain + sub chain”structure and POA consensus mechanism, TPS over 5000 and is scalable enough for various business applications), distributed storage service New Net and New IOT (covering more than a dozen sensors). Above basic technology layer, Newton has a Hyper Exchange Protocol, which includes digital identity and credit, supply chain, digital marketing, transactions and payments, trusted physical channels, self-finance and NNIO, etc.to support DApps with real business value, such as New Mall.
The first application running on Newton is New Mall, which is an on-line chain retailer that combines blockchain technology with e-commerce, through Newton, huge commercial intermediaries will be eliminated and consumers and other contributors will benefit. In addition to the retail industry, Newton is also committed to foster real applications in agriculture, supply chain, self-finance, payment, public welfare, games and other fields.
Besides, Newton currently has a global and diverse community distributed over 89 countries. Newton has established 32 overseas telegraph groups covering more than 170,000 people. Community is the foundation for the Newton community-based economy.
NEW Token Structure
Total Token Supply: 100,000,000,000 NEW, among which:
Token Exchange(2.0% will be resold through Prime)：13,823,661,261.46 NEW，13.82%
Burnt Token: 1,176,338,738.54 NEW, 1.18%
Community Incentive：60,000,000,000 NEW，60%
NEW Token Info and Vesting
Total Token Supply: 100,000,000,000 NEW
Initial Circulating Supply: 10.72% of Total Supply（6.0% from second token exchange + 0.32% from third token exchange + 4.33% from foundation + 0.07% from community incentive）
Huobi Prime Allocation: 2,000,000,000 NEW，2.0% of Total Token Supply
Huobi Prime Vesting：All release immediately
First Token Exchange: March 1,2018 - April 30,2018，1 BTC=15,000,000NEW ($0.0005697/NEW)
First Token Exchange Allocation: 7,500,000,000 NEW，7.5% of Total Token Supply
First Token Exchange Vesting: Release after 1 Year from mainnet (December 18, 2018)
Second Token Exchange: July 1,2018 - July 31,2018，1 BTC = 2,000,000 NEW ($0.0038311/NEW)
Second Token Exchange Allocation: 6,000,000,000 NEW，6.0 % of Total Token Supply
Second Token Exchange Vesting: All released
Third Token Exchange: October 29，2018 - December 8, 2018，1 BTC = 1,000,000 NEW ($0.004/NEW)
Third Token Exchange Allocation: 323,661,261.46 NEW (Planned to be 1,500,000,000 NEW, rest 1,176,338,738.54 NEW has been burnt)，0.32 % of Total Token Supply
Third Token Exchange Vesting: All released
Foundation: 15,000,000,000 NEW, 20% released after mainnet launch, rest vesting linearly over 36 months, so 4,333,333,333.33 NEW will be in circulation before Prime, roughly 4.33% of Total Token Supply
Community Incentive: Release in 50 years (starting from March 15, 2019), roughly 2,100,000 NEW will be released each day, so 65,100,000 NEW will be in circulation before Prime, roughly 0.07% of Total Token Supply
Team: 1 year lock-up post mainnet launch, then vesting over 24 months.
April 9, 2019