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Magicnewton

Category: Decentralized finance (DEFI)

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Overview

Total XP Rewards

60

Estimated Rewards

$25M

Funding

$83M

Current Stage

Season 1

Total value locked

-

Unique Users

-

Chains

chain image

Phase

Testnet

Structure

Credit based

Gas

No

Grade

A

Tasks

0/3

TGE

-

Type

Infrastructure

Confirmed

Yes

Date

20 days ago

Introduction

  • Magic Newton is a network developed by Magic Labs in collaboration with Polygon Labs, aiming to unify various blockchains for seamless cross-chain interactions. 
  • It leverages Polygon's AggLayer to connect multiple blockchains, enhancing interoperability and scalability for decentralized applications.

Tasks

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Fundamentals

  • Programmable Wallets: Newton enables AI-driven wallet automation, allowing users to create smart, self executing transaction rules without intermediaries.
  • Cross-Chain Transfers: Users seamlessly move digital assets across blockchains without traditional bridges or liquidity issues.
  • User-Controlled Identity: Provides self-sovereign identity management, ensuring full control over permissions, assets, and interactions in dApps.
  • Zero-Knowledge Security: Implements privacy-preserving authentication, allowing selective data disclosure while maintaining cryptographic verification.
  • Cross-App Interoperability: Wallets, credentials, and assets transfer between dApps, enabling a unified, frictionless blockchain experience.
  • Trustless Transactions: Ensures secure, verifiable interactions without third parties, leveraging smart contracts and cryptographic proofs. 

Potential Rewards

  • Newton, built by Magic Labs, is designed to power decentralized applications with AI-driven automation and interoperability.
  • Ethereal Credits are earned by completing Main Quests and Side Quests, which involve various tasks and platform interactions.
  • Users receive 150 credits upon registration and can accumulate more through daily activities like rolling dice.
  • There are no confirmed airdrop details yet, but accumulating Ethereal Credits through quests and engagement may lead to future rewards.
  • Credits could be used for platform perks, exclusive access, or potential token rewards in Newton’s upcoming initiatives.

Investors

  • PayPal Ventures
  • CoinFund
  • Lightspeed Venture

Audit

  • SOC Audits
  • Fireblocks SOC 2

Non-Financial Advice

  • Research:  Explore project's documentation, audits, and community.
  • Understand risks:  DeFi has vulnerabilities, market volatility, and token fluctuation.
  • Invest wisely:  Only invest what you can afford to lose.
  • Beware of scams:  Don't trust unsolicited outreach or guaranteed returns.

*ANZALI only provides suggestions and not financial advice. Use all of the information above at your own risk.

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