Newton Protocol has launched its NEWT token on Binance Alpha following a $90 million funding round backed by investors including PayPal Ventures and Polygon. The token debut coincides with a community airdrop distributing 10% of NEWT’s total supply to active users of the Kaito platform.
The airdrop allocates 100 million NEWT tokens to Kaito users based on platform activity prior to June 20. With a fixed total supply of 1 billion tokens, 215 million NEWT (21.5% of supply) entered initial circulation, while 60% remains reserved for community growth initiatives.
Newton Protocol integrates AI-driven agents for cross-chain automation, aiming to reduce manual processes and enhance efficiency in decentralized finance (DeFi) operations. This technology enables automated asset management across multiple blockchain networks.
NEWT’s market value surged 40% following announcements of upcoming listings on major South Korean exchanges Upbit and Bithumb, reflecting strong regional investor interest in the project’s AI-powered DeFi solutions.