State of the Project
Newton has a full-stack technology architecture: 1. An underlying public chain – NewChain, 2. A distributed storage service – New Net and New IoT, 3. The protocol layer “The Hyper Exchange Protocol” and 4. The application layer.
Newton’s first decentralized app, ‘NewMall’, is the first global blockchain-based e-commerce platform that enables P2P buying and selling transactions.
The Newton Project uses a Proof of Authority (PoA) consensus mechanism, which requires a limited number of validators, and thus needs a low volume of electricity in order to provide computational power to the network.
The NEW token is used for payment transactions and smart-contract executions.
The token operates on the Binance Smart Chain (BSC).
The Whitepaper
The whitepaper comes in 19 languages.
The whitepaper comes as pdf file which is automatically downloaded to your computer whenever you click to open it.
2018 was the last time the Newton Project’s whitepaper was updated.
It contains a lack of data on the project’s tokenomics.
Fundraising
Raised almost $23M during a private pre-sale in 2018, selling for $0.0038311 per NEW token.
Around 1.5B NEW tokens were reserved for pre-sale. Not all sold. The pre-sale sold around 6.07% of NEW’s total supply.
The public sale started in 2019, raising nearly $4M at $0.002 per NEW token.
The Development stage
Launched its mainnet in December 2018.
Performs over 5,000 transactions per second. Scalable for various business use cases such as: agriculture, supply chain, payments, public welfare, gaming.
The project says it has established community groups covering 89 countries.
WANQI Mall joined the Newton ecosystem in 2019.
Launched NewChain mainnet ledger node mining and NewSwap NUSDT-NEW liquidity mining in 2021.
NewChain consensus mechanism has been researched and upgraded in 2021.
Most accomplishments are seemingly marketing-related: online market events, hosting seminars, providing tutorials.
Roadmap:
No officially provided roadmap.