Newton (NEW)

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Newton (NEW) is a blockchain project that aims to offer communities the infrastructure to run their own economy through governance models, incentives and collaborative initiatives. Launched in 2017 by Chinese businessmen Jizhe Xu and Shubin Li, the goal of the project is to foster communities where every contributor receives a commensurate reward for their work, as opposed to the more disproportionate distribution of wealth in current corporate economies. The platform is named after Sir Isaac Newton. 

The Newton team places a heavy emphasis on the technology that it uses, which it believes will lay the foundation for strong community models. The team outlines their technology stack as follows: an application layer, a protocol layer and a self-finance layer. 

The application layer is self-explanatory, being home to decentralized applications for payments, insurance, marketplaces and so on. The protocol layer is composed of the various protocols that support the application layer services, such as protocols for digital identity, payments and supply chains. The self-finance layer is the most fundamental layer and forms the basic technologies and services of the platform, like that for IoT and AI.

Details are scarce on development goals for the rest of 2019. However, the development team has released two major updates in 2019: Community Incentives and NewMall. 

Community Incentives is a reward scheme in which users receive NEW tokens for their contribution of computing resources. Perhaps more significantly, however, is NewMall, dubbed the “Amazon on Blockchain” by the team. NewMall is an e-shopping centre where users can purchase multiple items from well-known brands. The Newton team has said that it hopes to reach 100 million users over the next 5 years. 

Newton's response to FTX

11 Nov 2022 1 minute read 0 comments garethvjones

Newton has been sending out emails in the past few hours wanting to reassure their customers that all of their assets are insured and that they don't take risks with customers' money. This is applaudable, as it provides a sense of security to it's cu...

Newton Canada adds Limit Orders

30 Sep 2021 1 minute read 0 comments Thumbs Up Finance

Hey friends 👋 If you've watched my YouTube videos or read my blog posts, you'll know that my exchange of choice here in Canada is Newton Crypto. I came to Newton because they weren't charging crazy fees like so many other exchanges. I'm just a small...

Newton adds 4 more DeFi related coins (Canada)

30 Jun 2021 1 minute read 1 comment Spryquasar

Today, Newton is adding new coins that are related to the decentralized finance (DeFi). Feels like déjà vu? See this post for the latest additions and my comments on this exchange. This time, we will be able to trade four more coins on Newton's platf...

Canada's TSX Lists World’s First Bitcoin ETF

22 Feb 2021 1 minute read 0 comments Stockpiles

Last week the Toronto Stock Exchange announced the world's first bitcoin exchange traded fund to the market. Purpose Bitcoin ETF, began trading under the symbols TSX:BTCC.B (CDN dollar denominated) and TSX:BTCC.U (U.S. dollar denominated). These fund...

Price Predictions for Markets — Huobi Token to Rise?

11 Apr 2019 4 minute read 12 comments Sal Miah

Before the listing of the first premium token on Huobi Prime, the HT value went up in anticipation of the increased trading likely to follow after the first prime listing. Huobi’s global strategy has been working thus far, and they are keen to stick...