Newton
Crypto Overview
Project Overview
Newton (NEW) is a blockchain infrastructure project launched in 2018 that aims to create an ecosystem for real-world commercial applications. The project focuses on providing infrastructure for decentralized applications with an emphasis on supply chain management, digital identity, and payments.
Purpose and Utility
Newton's stated purpose is to serve as a platform for building decentralized commercial applications. The NEW token is used for governance, network security through staking, and as a means of payment within the Newton ecosystem. The project implements a proof-of-stake consensus mechanism where token holders can participate in network validation.
Business Model Analysis
The business model appears to focus on legitimate technological infrastructure development. There is no evidence of involvement in prohibited activities like gambling, interest-based lending, or adult content. The platform's focus on supply chain management and digital identity solutions aligns with permissible business activities.
Development and Adoption
The project maintains active development with regular GitHub commits and technical updates. While adoption remains limited, there are some partnerships with businesses for supply chain tracking applications. The team continues to work on expanding the ecosystem and improving the infrastructure.
Token Distribution
The token distribution includes allocations for development, ecosystem growth, and community incentives. There are vesting schedules in place for team tokens, indicating some protection against immediate selling by insiders. The project maintains transparency regarding token allocations and uses.
Crypto Impact
To assign a comfort level investing in Newton from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Newton.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.