NEWT airdrop accounts for 10% of the total supply, with an initial circulating supply of 21.5%.

BlockBeats News, June 23, the Magic Newton Foundation announced the launch of the NEWT token. NEWT has a total fixed supply of 1 billion tokens. At launch, the circulating supply is 215 million tokens (21.5% of the total supply). 10% of the total supply will be distributed to early users of the Newton protocol and participants in the growth plan. More details on airdrop distribution and eligibility will be announced soon.

Allocation:

The allocation of Newton tokens is as follows, with 60% of the supply allocated to the Community category and 40% allocated to the Internal category.

“Community” Allocation: Reserved for tokens directly supporting the growth, technical development, and decentralization of the Newton protocol through ecosystem funding, network rewards, community incentives, and on-chain Foundation Treasury operational support. The Foundation Treasury supports the operational capacity of the protocol and its community services, covering key functions such as coordinating contributors, supporting governance, and public infrastructure to promote ecosystem prosperity.

“Internal” Allocation: Allocated to core contributors, early supporters, and Magic Labs' tokens as recognition of their foundational work in protocol construction and launch support. These allocations represent key resources dedicated to ongoing ecosystem management and development.

Token Allocation Details:

The 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 unlocking schedule, with 20% of the respective allocations unlocking immediately at launch to meet immediate funding requirements for early protocol development, growth, and operational needs.

The 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.

Any locked or unvested tokens allocated for either Internal or Community distribution are prohibited from being sold or transferred through over-the-counter (OTC) secondary trading until full vesting and unlocking.