About

Science and technology play an important role in the evolution of human civilization. Every major scientific discovery and its application have greatly improved human life. The invention and large- scale application of the steam engine marked the beginning of the first industrial revolution and ushered in an era in which machines replaced manual labor.

With the invention and application of electric power and internal combustion engines, the second industrial technology revolution began and the continuing electrical era started. As computers and the Internet were invented, the third technological revolution began, and human beings entered the information era and created a “Bit World” that never existed before. Now that the “Bit World” has become a new land for mankind with profound influence on human civilization.

Looking back at the history of information technology, there is a less-known development path with profound influence: The Free Software Movement initiated by Richard M. Stallman in 1983. In the early days of the computer industry, software was sent to users in the form of source code so that users can make full use of their hardware in a reasonable way. With the application of copyright law in the software field, software was authorized to users in binary form, representing the start of the era of proprietary software.

In this context, Richard M. Stallman launched the GNU project in 1983 to develop a free and complete operating system, ushering in the free software movement. By the beginning of the 21st century, great progress has been made in the free software campaign, including abundant software technologies, complete free software licenses, global community and so on. The emergence of free and open source hardware such as Arduino and Raspberry Pi marks the development of free and open source intellectual property rights movement from software to hardware domain.

In the second half of 2008, Satoshi Nakamoto published a paper via a mailing list: “Bitcoin: A Peer- to-Peer Electronic Cash System”, and released free and open source Bitcoin software in early 2009, which shows that the development of free and open source philosophy has spread from software and hardware into economic field.

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KEY FEATURES

Users Own Their Own Data

Users secure and control their personal data through cryptography, and manage their personal credit and share profits produced by their data in a pre-agreed manner.

Better Incentive Mechanisms

Replacing middlemen with technology reduces transaction costs and rewards anyone who contributes to the transaction, whether they’re service providers, consumers or others connected by the value-based internet.

New Organization and Cooperation Models

The community economy managed by non-profit foundations will replace the monopolies of middlemen managed by traditional for-profit organizations. Based on open, fair, and rational rules, every contributor will benefit from, and become part of this economy.

IEO’s Details

  • GENERAL INFORMATION

  • IEO Platform:

  • IEO Opening Date:

    Apr 16th, 2019 12:00 pm (UTC)

  • IEO Closing Date:

    To be announced (UTC)

  • Country of Origin:

    Singapore

  • TOKEN DETAILS

  • Symbol:

    NEW

  • Blockchain Type:

    Newton

  • Role of Token:

    Utility

  • Finance Information

  • Public Sale Hard Cap:

    35 300 000 USD

  • Total Token Supply:

    100 000 000 000 NEW

  • Tokens for Public Sale:

    2 000 000 000 NEW (2.0000% of total token supply)

  • Public Sale Token Price:

    1 NEW = 0.0024 USD

  • Token Sale Format

    Standard

  • Legal Information

  • Company Name:

    Newton Foundation

  • Country of Incorporation:

    Singapore

  • KYC:

    Required

  • Restricted Areas:

    USA, China

Team

  • Xu Jizhe

    Xu Jizhe

    Founder

  • Li Shubin

    Li Shubin

    Co-founder

  • Xia Wu

    Xia Wu

    Joint Chief Architect

  • Meng Guang

    Meng Guang

    Joint Chief Architect

Advisors

  • Li Songbo

    Li Songbo

  • Hu Dinghe

    Hu Dinghe

  • Gu Xueyong

    Gu Xueyong