what is Magic Newton (NEWT) Archives - Coin Engineer https://coinengineer.net/blog/tag/what-is-magic-newton-newt/ Btc, Coins, Pre-Sale, DeFi, NFT Thu, 19 Jun 2025 11:32:23 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://coinengineer.net/blog/wp-content/uploads/2024/04/cropped-Coin-Engineer-Logo-Favicon-2-32x32.png what is Magic Newton (NEWT) Archives - Coin Engineer https://coinengineer.net/blog/tag/what-is-magic-newton-newt/ 32 32 Binance Pre-Market Lists a New Altcoin! https://coinengineer.net/blog/binance-pre-market-lists-a-new-altcoin/ https://coinengineer.net/blog/binance-pre-market-lists-a-new-altcoin/#respond Thu, 19 Jun 2025 11:32:23 +0000 https://coinengineer.net/blog/?p=44671 To expand its trading variety and enhance user experience, Binance Futures is listing a new contract on the pre-market. In this context, the USDⓈ-Margined NEWTUSDT perpetual futures contract based on Magic Newton (NEWT) token will go live on June 19, 2025, at 14:30 (UTC). The new contract offers users the opportunity to trade with up

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]]> To expand its trading variety and enhance user experience, Binance Futures is listing a new contract on the pre-market. In this context, the USDⓈ-Margined NEWTUSDT perpetual futures contract based on Magic Newton (NEWT) token will go live on June 19, 2025, at 14:30 (UTC).

The new contract offers users the opportunity to trade with up to 5x leverage and provides the flexibility of 24/7 trading.

Binance Pre-Market Magic Newton (NEWT) Listing Details

Here are the listing details of Magic Newton (NEWT) on Binance Pre-Market:

Contract Specifications

  • Contract Name: NEWTUSDT Perpetual Futures (USDⓈ-M)

  • Launch Time: June 19, 2025 – 14:30 (UTC)

  • Underlying Asset: Magic Newton (NEWT)

  • Total Supply: 1,000,000,000 NEWT

  • Settlement Asset: USDT

  • Maximum Leverage: 5x

  • Trading Hours: 24/7

  • Funding Fee Settlement Frequency: Every 4 hours

  • Capped Funding Rate: +2.00% / -2.00%

  • Multi-Assets Mode: Supported

What is Magic Newton Protocol (NEWT)?

Newton Protocol aims to build a secure rollup infrastructure that enables AI-driven strategies, automated trading systems, and a dedicated marketplace for developers.

Click Here to Trade Binance Futures with 10% Fee Discount!

Binance Pre-Market Pricing Mechanism

During the pre-market period, the Mark Price is calculated as the average of the trade prices over the last 10 seconds, updated every second. If there are fewer than 21 trades in the last 10 seconds, the average of the last 20 trades will be used instead.

The contract will transition to a standard perpetual contract once there is sufficient liquidity on spot markets. There will be no cancellation of orders or closing of positions during this transition. The Mark Price will gradually switch to the standard calculation method.

After the transition, the Mark Price will be calculated as: Mark Price = Median (Price 1, Price 2, Contract Price)

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