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So The Tokenomics Break-down for Magic Newton by brofund

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· @brofund ·
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So The Tokenomics Break-down for Magic Newton
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So today I got a breakdown for what I was involved in with Magic Newton and what comes next. Here is the jist of it:

**Max Supply: 1 billion $NEWT tokens.**

No private sales or VC allocations. This is a big deal. Instead, it's heavily focused on the community, contributors, and ecosystem.

**Allocation:**

- 30% to the community (via credits, grants, etc.).

- 15% to the Magic team (with 4-year vesting).

- 20% to the Foundation reserve (for long-term growth).

- 10% to automation mining (rewards for verifiable task fulfillment).

- 10% to launch contributors (those who helped build it).

- 15% to ecosystem growth (including partnerships and developers).

**What Can You Do with NEWT?**

- Pay for agents or automation services.

- Stake it to secure the network.

- Govern decisions over time (like upgrades or fee policies).

- Earn credits and rewards based on your participation.

# Basically this means:

This is a completely Grassroots movement. Absolutely no VC allocations -- they are heavily invested in growing their community outwards. 

From what I've seen so far, all roles and responsibilities and points of note have been allocated and given to people inside the community -- for example me as a Herald of Newton.

And if that is how they have started then I expect this is how they will go on. I fully expect them to grow and expand in the future and have new roles and responsibilities as the community gets bigger and more mature.

# What does that mean for us?

A brighter future. I'll not only be participating in this new blockchain but I'll also be a core member of it, driving new and exciting innovations forwards.

That will in itself provide a lot of monetary and access opportunities for my original holders in the foreseeable future.

I will never forget those that stuck with me in the harshest of weather.

But first of all I'd like to get through launch, test out the tech we are being given and see what it can do for us as a community in the future before I make any building decisions for us.

Not just yet, but it's coming.

Times are getting good my friends.

Just you wait.

Peace :)
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vote details (278)
@sanjeevm ·
> Times are getting good my friends.

For sure, I think, we will see some nice results this year.
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