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DISCLAIMER: This is not financial advice! None of the members of ICOPools.io are licensed financial advisors, hence you are urged to do your own due diligence and take your own decisions. (read more)

Newton Project

Newton Project

Active Pools Min cap Bonus Commission Raised Rating Language Access Created
Last ICO deals

Min cap

-

Bonus

-

Commission

4%

Raised

5 / 100 ETH

Active

19.07.2018

Finished unsuccessfully

23.07.2018

Min cap

1 ETH

Bonus

-

Commission

5%

Raised

No data / 526 ETH

Active

24.07.2018

NO LOCK UP

Finished unsuccessfully

23.08.2018

Analytics

Category: Infrastructure                                                                                            Country: Singapore    Date: 20.07.2018

 

 

 

INTRO

Newton Project - is a blockchain technological stack for e-commerce.

 

 

 

TOKENOMICS

Metrics

  • 2nd Pre-Sale: 01 July - 31 July 2018 
  • ICO Time: estimated on October 2018
  • Token: NEW
  • Token type: Own specification
  • Hard cap: 29M
  • Price: 1 BTC = 15,000,000 NEW (on the first pre-sale) and 1 BTC = 2,000,000 NEW (now)
  • Minimum investment: No data
  • Bonus: up to 750% (not final)
  • Bounty: No
  • Accepting: BTC
  • Сan't participate: USA, China, Singapore

 

NOTE:

  • ETH  not accepted;
  • Very high bonuses (and this is only 2nd pre-sale);
  • Hard cap is a bit high for the current market.

 

 

Tokens distribution

  • 10% Team
  • 15% Token Sale
  • 15% Foundation
  • 60% Community (similar to mining)

 

NOTE:

  • It’s not clear what Community allocation means;

 

 

Protective measures against the tokens depreciation

  • 10% Team tokens. The first year is the lock period. From the second year, every month 1/24 of the total amount will be unlocked;
  • 15% Token sale funds: 1 year lock up for the first sale and no lockups for the rest sales;
  • 15% Foundation tokens: 1/2 of the total amount is immediately unlocked, the rest will be unlocked 1/12 every month;
  • 60% Community tokens: will be unlocked in later 50 years.

 

NOTE:

  • Lockup for community tokens is extremely high!!!!

 

 

 

PRODUCT

The relevance of market problems solved by the project

There is a need on the market in the e-commerce technological blockchain stack, ready for the integration of the current blockchain solutions.

 

 

The description of key products and project technology

To solve this team is developing the Newton Project. E-commerce stack of the blockchain technologies, with the possibility to integrate current blockchain projects and with the support of the projects that will be built on the Newton Project (NewMall) platform in the future.

 

NewChain will have a main chain and sub-chains structure. The main chain will support account management, Newton token management, sub-chain management, network governance and more. The sub-chain will support specific service systems such as the hyper-exchange protocol, multiple consensus mechanisms and data structures, ensuring the assets transactions between the main chain and sub-chains, and between sub-chains. The NewChain provides a third-party developer the option and opportunity to create a new sub-chain after staking a certain amount of Newton tokens and passing the verification.

 

The system built-in smart contract templates provide an effortless development and deployment of any application on the Newton NewChain.

 

NewChain uses Ring-LWE anti-quantum encryption algorithm to ensure maximum security of all assets within the Newton ecosphere

 

Other key parts of the project technology:

  • NewNET. Consists of a large number of nodes that run on an open network providing reliable storage services and supporting a full SQL database and various general programming languages;
  • Atom hashing. To provide technological identification of the subject by a set of physical parameters;
  • NewIoT. Technological stack to support IoT devices;
  • NewAI. Promotes the development of AI from three aspects; data, algorithm model, and execution engine. By using these three aspects the Newton NewAI closely connects the data suppliers, algorithm model developers, and operating system providers together.

 

Newton Supply Chain will be used to track commodities and store information about operations with them on the blockchain.

 

NewFund is a blockchain FOF (Fund of Fund) under the Newton Foundation. It aims to encourage more people to participate in the development of Newton's business ecosystem and ensure that all parties share economic growth dividends through innovative incentive mechanisms.

 

Payment platform NewPay provides the next features:

 

Payment features:

  • Support cross-border transactions;
  • Support for micro-payments;
  • Extremely fast transaction confirmation.

 

Digital identity and credit features:

  • Create and manage DID (Decentralized ID);
  • Set the privacy mode for personal information;
  • Transaction information management;
  • Transaction information sharing pricing and benefit;
  • Digital asset management, including NEW, BTC, ETH, etc.

 

Joint login features:

  • Log in multiple Dapps using a unified identity;
  • Dapp management and permission control;
  • Security audit.

 

Application support features:

  • Built-in support for free and open-source applications;
  • Built-in support for purchases within applications;
  • Built-in support for development tools of applications.

 

NOTE:

  • There is only Chinese whitepaper right now.
  • It’s not clear what “Transaction information sharing pricing and benefit” means;

 

 

The stage progress and milestones of the project development (Roadmap)

The Roadmap does not provide technical information at all.

 

No MVP, while according to the Roadmap in Q3 project already should hit the mainnet. According to the admin on the Telegram channel, mainnet will be in the December 2018. And maybe Github will be available onу month after that in January 2019.

 

NOTE:

  • The roadmap is empty;
  • Mainnet in Q4, not in Q3 as in the Roadmap;

No Github and MVP.

 

 

The importance of blockchain in the project

NewChain will have a main chain and sub-chains structure. The main chain will support account management, Newton token management, sub-chain management, network governance and more. The sub-chain will support specific service systems such as the hyper-exchange protocol, multiple consensus mechanisms and data structures, ensuring the assets transactions between the main chain and sub-chains, and between sub-chains.

 

 

 

TEAM AND PARTNERS

Experience and the team achievements

The team consists of 5 employees, who are experienced in blockchain development, engineering, software development, business development in the tech field, marketing and e-commerce.

 

Xu Jizhe, CEO - He is known for his work on the Elastos Project and has years of experience with blockchain development. From 2011 to 2014, Jizhe served as Technology Director at OKbuy, a multi-million dollar e-commerce website in China. 

 

Li Shubin, Co-Founder – CEO of the OKBuy.

 

Zhang Yu, Marketing Specialist - Founder of WuZhou Online.

 

Xia Wu, Joint Chief Architect - Co-founder of Zeuux (A Community for Free Software Usage). He has no experience in the blockchain development.

 

Mang Guang, Joint Chief Architect. He has no experience in the blockchain development.

 

NOTE:

There is no profile page of the project on the Linkedin and the only way to verify connections of mentioned persons to the project is through shared photos of them on the Medium.

 

 

 

Advisory board

Advisers board consists of 5 people, who are experienced in blockchain development, engineering, software development, business development in the tech field, and investing.

 

Hu Dinghe - Chairman of Elastos ecosystem board
Previous President of Chongqing Lifan.

 

Han Feng - Co-founder of Elastos Visiting Scholar & Research Associate at Columbia University Advisor at Huawei Central Institute.

 

Gu Xueyong - Professor at Tsinghua University
Director of International Relations at iCenter.

 

Li Songbo - Former CTO of Sina (NASDAQ: SINA)
Partner of DFJ Venture Capital.

 

Lee Willson - Bitcoin Ambassador.

 

NOTE:

There is no profile page of the project on the Linkedin and the only way to verify connections of mentioned persons to the project is through shared photos of them on the Medium.

 

 

Strategic Partners

Confirmed: OKBuy.com, Elastos.

 

Not confirmed: Quwan.com, Mbaobao, Kela, xijjie.com, Consensus Labs, JLAB, HIGO, DCC.

 

 

Large investors and investment funds

Confirmed: - 

Not confirmed: Genesis Capital, ELAFUND, Elastos.

 

 

 

MARKET

Competitive environment

According to the Hacker Noon research, global e-commerce market reached $ 1,86 trillion  in 2016 and keeps growing.

 

There are 2-3 million e-commerce companies in the world (China excluded), and 1,3 million e-commerce companies in North America. Amazon, Aliexpress is among the leaders on the market.

 

Direct competitors in the blockchain space:

  • Omnitude (raised $ 7,4 mln., capitalization is not available);
  • Ecoinmeerce (in preparation for the ICO, capitalization is not available);

 

 

Technological advantages

  • Well-developed infrastructure;
  • Mainchain + sidechains technology;
  • The possibility of integration of modern blockchain solutions;
  • The large range of services for the e-commerce;
  • The system built-in smart contract templates provide an effortless development and deployment of any application on the Newton NewChain;
  • Atomic hashing as a method to identify commodities;
  • Support of IoT devices;

 

 

 

SOCIAL ACTIVITY

The project popularity in the social networks and discussion forums

The project is detected on the radar of the next influencers: ICO Drops, MMCrypto, Monoico.

 

Facebook: the average number of likes per post is 3, the average number of comments per post is 0, user activity is low.

Twitter: 1,8k followers, average number of likes per post is 10, average number of retweets per post is 4, average number of comments under the post is 0, user activity is 0.

Reddit: 57 followers, average number of comments under the post 0, user activity is low.

Medium: 267 followers, the average number of likes per post is 0 without any discussion in the comment section, user activity is low.
Telegram: 14,8k members, admins on the Telegram-channel are responding slowly, user activity is medium.

 

 

 

Fraud risk - low. Community interest - medium. 

Product - 7.5
Team and partners - 8.1
Market - 7.3
Average score - 7.1

DISCLAIMER: This is not financial advice! None of the members of ICOPools.io are licensed financial advisors, hence you are urged to do your own due diligence and take your own decisions. (read more)