The Magic Newton Foundation has launched the NEWT Token, with 10% of the total supply allocated for Airdrop.

Gate News bot news, the Magic Newton Foundation announced the launch of the NEWT Token, with a total fixed supply of 1 billion coins (1,000,000,000). At launch, the circulating supply is 215 million tokens (accounting for 21.5% of the total). 10% of the total tokens will be distributed to early users of the Newton protocol and participants in the growth program. More details on airdrop distribution and eligibility will be announced soon.

60% of the supply of NEWT is allocated to the community category, and 40% is allocated to the internal category.

“Community” allocation: refers to the tokens reserved for directly supporting the growth, technological development, and decentralization of the Newton protocol, achieved through ecosystem funding, network rewards, community rewards, and operational support from the on-chain foundation’s 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 the prosperity of the ecosystem.

“Internal” allocation: refers to the tokens allocated to core contributors, early supporters, and Magic Labs, in recognition of their foundational work in building the protocol and supporting its launch. These allocations represent key resources dedicated to the ongoing management and development of the ecosystem.