Newton Project Analysis
Newton Project team is proposing a new approach to ecommerce and conducting the third and final phase of their token sale. Team has already raised +3500 BTC in two previous rounds. We are partnering with Newton Project to propose a wider analysis of their plan and roadmap for new participants that want to be involved in this ecommerce community project.
Idea and Concept
Newton Project is proposing a protocol for decentralised ecommerce, a set of tools and technology to help online retailers offer decentralised solutions.
Some of these tools are already working, NewChain testnet, allegedly providing +5000 TPS, its wallet Newpay and browser NewExplorer.
The biggest upcoming development is called NewMall, an ecommerce platform in which the customer will be able to purchase products with fiat and get rewards in Netwon tokens ($NEW). Retailers and partners will also have to pay in $NEW to be able to be on the platform.
On Newton’s Medium page we can see a bigger specification of what are the main three technology layers present in the project, layers like “the basic technology layer, the hyper exchange protocol layer, and the application layer. The basic technology layer includes NewChain, NewNET, Atom Hashing, NewIoT and NewAI; the hyper exchange protocol layer includes digital identity and credit, supply chain, digital marketing, transactions and payments, trusted physical channels, supply chain, NNIO, etc. The application layer includes wallets, malls, logistics, finance and insurance”.
Mainnet is set to be released in 2019 and team is saying that the NewMall platform will also be launched soon.
Founder and Chairman of Newton Xu Jizhe has been in permanent contact with Coinvision team and is ultra communicative and always present in Medium posts and events. Previously he co-founded Elastos and was CTO at OKbuy, a multi-million USD ecommerce website in China.
Other Co-founder is Li Shubin, precisely OKbuy’s CEO, founded the company in 2017 and secured investments from huges names in the Venture Capital business, like Sequoia Capital and Intel.
Partnerships and Investors
Newton Project already has +10 bigger retailers as part of the joint organization. These are big suppliers of products that will be available on the store, brands like OKbuy, Kela and Mbaobao.
Newton Project investors are serious players in the market, like BlockVC (QuarkChain, Celer, NKN), Consensus Lab, JLab, GENESIS or Kfund.
Newton Project team is raising 5000 BTC in total.
Raise has 3 rounds:
Round 1: 500 BTC; 1 BTC = 15,000,000 NEW (over)
Round 2: 3000 BTC; 1 BTC = 2,000,000 NEW (over)
Round 3: 1500 BTC; 1 BTC = 1,000,000 NEW (in progress)
10% - Founding Team
15% - Token Exchange
15% - Foundation
60% - Community
Current round ends on December 12th. Click here to know more.