The Magic Newton token on Paypal Newton does not plunge 46% despite the beginnings of Coinbase and Binance

The long -awaited token generation event (TGE) for the Native Newt Native token of Magic Newton took place on June 24, marking the beginnings of the Automated Finance Project (Autofi) supported by Paypal and Polygon.

The token was launched on the main exchanges at an initial price of $ 0.524, immediately capturing significant attention on the market.

Despite what many consider an unprecedented registration strategy for a newly launched project, $ Newt market performance has been volatile.

The token initially jumped 30% compared to its registration price, reaching a summit of $ 0.83,337, before undergoing a spectacular correction of 46% to be discussed at $ 0.4515 at the time of the press.

Coinbase, binance and level 1 Drive Magic Newton Rally and Autofi Vision exchange support

The launching strategy was distinguished through simultaneous lists on centralized level 1 exchanges, a rarity for newly launched projects.

$ Newt obtained day lists on Binance and Coinbase, alongside the great Korean exchanges Upbit and Bithumb, and other leading platforms, including Bybit, Bitget, Kucoin, Mexc and Bingx.

This complete exchange support propelled the token to a maximum market capitalization of $ 156 million during its initial negotiation session.

The coordinated rating approach has generated a substantial negotiation volume, with 24 hours a day, exceeding $ 890 million, or almost ten times the current market capitalization of $ 96 million in the Token.

Magic Newton operates under Magic Labs, which has collected around $ 90 million in eminent investors, notably Paypal Ventures, Digital Currency Group (DCG), Volt Capital, Polygon and notable figures like Balaji Srinivasan.

The company has established itself in the crypto infrastructure space since 2018, developing integrated portfolio solutions through SDKs used by the main platforms such as Polymarket, WalletConnect, Helium and Forbes.

Sean Li, founder of Magic Newton, underlined the in -depth experience of the company, indicating its accent on seven years on the integration and confidence of users, in particular in partnerships with fortune companies 500 and large -scale applications.

Newton’s protocol represents Magic Labs’ latest efforts to respond to what they perceive as fundamental problems in the cryptocurrency user experience through solutions powered by AI.

Technical infrastructure feeds automated finance of magic laboratories (AUTOFI)

The decentralized infrastructure layer of Magic Newton combines confidence execution environments (TEE) with zero knowledge of knowledge (ZKPS) to allow automated chain financing operations.

The platform creates what the company describes as a “decentralized economy of verifiable agents”, $ Newt serving gas costs of the protocol to issue or revoke private and verifiable chain sessions and intentions for Newton agents.

Autofi feature allows users to establish automated strategies of the average dollar cost (DCA) for cryptocurrency, including Bitcoin, Ethereum, Kaito and Virtual.

Users can configure recurring purchases on timetables, daily, weekly or monthly via the automation of AI agents.

Given that its official can be launched after in -depth test phases, Magic Newton has accumulated more than 1.1 million registrations, processed 747,000 agent transactions checked and activated more than 362,000 autofi agents.

Magic Newton influencer “Heist”: the best users of Kaito bag at $ 30,000 while the first testers are becoming zero

The project was faced with important criticisms from the first members of the community concerning its token allocation methodology.

According to the Tokenomics published, the 1,000 best accounts on the Kaito social platform received 0.9% of the total of $ 215 million in Newt supplies, a decision that aroused considerable criticism in the communities.

Social networks reports indicate that some cryptographic influencers have received substantial allowances, one for $ 5,300 of Newt $ token and another reporting more than 38,000 Newt tokens valued at more than $ 30,000 at the cutting -edge token.

Many participants in Kaito would have received allowances ranging from $ 10,000 to $ 30,000 in Newt tokens.

Conversely, the first supporters who accumulated more than 5,000 credits through the initial quests of Magic Newton and occupied community discord roles were ineligible for distributions of token.

In addition, participants in Binance Alpha and BNB holders who did not engage in testing activities or Kaito discussions received 125 Newt tokens each.

The community has largely criticized this distribution model as unfair, arguing that it has prioritized influencers and high-level accounts while excluding real adopters and early testers who have contributed to the development of the platform.

The cryptographic community is now awaiting Magic Newton’s ability to maintain its significant user database and to demonstrate a real utility for the $ Newt token beyond speculative trading.

The Magic Newton, Newton, supported by Paypal, plunges 46% despite the beginnings of Coinbase and Binance Listing appeared first on Cryptonews.

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