NEWT, the native token of Newton Protocol—a ZK-powered automation layer—saw a sharp price decline following its highly anticipated listings on major exchanges such as Binance and Bitget.
On June 24, Binance hosted the Token Generation Event (TGE) for NEWT, marking the token’s official debut. This was followed by rapid spot listings on Coinbase, Bybit, Upbit, MEXC, Gate.io, KuCoin, Bithumb, and Bitget, significantly expanding its market exposure.
The TGE introduced a fixed total supply of 1 billion NEWT tokens. Of this, 100 million tokens were airdropped to early supporters of the Kaito/NEWT ecosystem, including snapshot participants and active users across partner platforms. Managed by the Magic Newton Foundation, the airdropped tokens were fully unlocked and claimable on launch day.
Additionally, 12.5 million NEWT—representing 1.25% of the total supply—was distributed to Binance users who held BNB in products like Simple Earn, Locked Earn, and the BNB Vault between June 14 and 17. These tokens were also unlocked and credited immediately to eligible users’ wallets.
Following the TGE, NEWT experienced an initial price rally of 67%, surging from its launch price of $0.49 to $0.82 within hours. However, the momentum quickly reversed, with the token plummeting 44% to $0.46—likely triggered by rapid profit-taking from airdrop recipients.
Such post-airdrop sell-offs are common in early-stage crypto markets and tend to generate short-term volatility. Despite this initial dip, Newton Protocol’s tokenomics indicate a long-term strategic vision.
According to official documentation, 60% of the total token supply is allocated to community-centric efforts such as ecosystem development, user incentives, and growth programs. These allocations are overseen by the Magic Newton Foundation, which plans to publish quarterly transparency reports.
To further ensure long-term alignment, all team and contributor tokens are subject to a 12-month lock-up period, followed by a 36-month linear vesting schedule—preventing immediate sell-offs by insiders.
What is Newton Protocol?
Newton Protocol is a ZK-powered on-chain automation infrastructure developed by Magic Labs, a leading Web3 infrastructure firm known for its work on embedded wallet technology. Magic Labs also serves as the founding development team behind Newton, playing a central role in shaping both its technology and ecosystem.
Through its affiliated organization, the Magic Newton Foundation, Magic Labs contributes the core open-source codebase and leads ecosystem development. At the heart of Newton is a verifiable automation framework that enables users to securely delegate tasks to AI agents. By integrating Trusted Execution Environments (TEEs) with zero-knowledge proofs, the protocol ensures that every automated action is cryptographically verified to align with user intent.
“Our number one priority is making verifiable automation accessible via a system built on fairness that users can count on,” said Mohammad Akhavannik, Managing Director at the Magic Newton Foundation, in a statement to crypto.news.
NEWT, the ecosystem’s native utility and governance token, underpins a wide range of protocol functions—including validator staking, automation fee payments, access control, and community governance.
Earlier in 2025, Newton secured approximately $90 million in funding from prominent investors such as PayPal Ventures, Polygon, and Magic Eden. The capital is being used to scale its infrastructure and drive adoption of its verifiable automation platform.
