The Magic Newton Foundation

Decentralized Onchain Automation and Secure Agent Authorization

The Magic Newton Foundation is a nonprofit organization dedicated to advancing the Newton Protocol, a decentralized infrastructure layer designed for verifiable onchain automation and secure agent authorization.

https://newt.foundation/

By leveraging trusted execution environments (TEEs) and zero-knowledge proofs (ZKPs), the protocol ensures that every automated action is cryptographically verified, fostering trust and security in onchain financial operations.

Key Features of the Newton Protocol

  • Verifiable Automation: Newton Protocol introduces a system where users can delegate complex, cross chain actions to AI agents. These agents operate within user defined boundaries, and their actions are verified using TEEs and ZKPs, ensuring that each step aligns with the user’s intent without compromising security.

NEWT is the native utility token of the Newton Protocol, serving multiple roles within the ecosystem:

  • Staking for Network Security: Participants can stake NEWT tokens to support the network’s security and earn rewards. Staking is facilitated through a delegated proof of stake (dPoS) model, allowing token holders to delegate their tokens to validators.
  • Transaction Fees: NEWT tokens are used to pay for transaction fees within the Newton Protocol, including operations performed by autonomous agents.
  • Model Registry: Developers can register their AI models or agents in the Newton Model Registry by paying a fee in NEWT tokens. Operators who deploy these models earn fees, a portion of which is shared with the model developers.
  • Governance Participation: Staked NEWT tokens grant holders voting rights in the protocol’s governance, enabling them to influence key decisions and the future direction of the ecosystem.

The total supply of NEWT tokens is capped at 1 billion. The distribution is structured to promote long term ecosystem growth:

  • Community Allocations (60%): This includes tokens designated for airdrops, staking rewards, ecosystem development, and community initiatives.
  • Internal Allocations (40%): Allocated to core contributors, early backers, and the Magic Newton Foundation for operational support and ongoing development.

Token allocations follow a vesting schedule to ensure stability and align incentives among participants.

To participate in the Newton Protocol ecosystem:

  • Acquire NEWT Tokens: NEWT tokens can be obtained through participating in community airdrops or purchasing on supported exchanges.
  • Stake Tokens: Stake your NEWT tokens via the official staking portal to earn rewards and contribute to network security.
  • Engage in Governance: Participate in the protocol’s governance by voting on proposals and influencing the future development of the Newton Protocol.