NEWM Token
for the future of music
NEWM Token (symbol ‘Ɲ’) is the governance and utility token that fuels our fair music ecosystem. Think of it like the tokens you use in an arcade, but with a little more *spice*. NEWM Token unlocks discounts & perks, provides voting power in the future of the platform and will be used for in-app transactions.
Benefits of NEWM Pools
No Risk
No lockup or transfer of $ADA required.
Rewards
Earn rewards every 5 days, depending on pool performance.
Support
Have a voice in & help fund the future of our project.
Discord Perks
Get access to exclusive roles, drops and updates.
What is staking?
What is a stake pool?
$ADA holders on the Cardano blockchain have a ‘stake’ in the network, meaning these users have a say in who should add the next block to the blockchain. If you are not or do not want to be a stakepool operator, staking with an existing stake pool allows you to ‘pool’ your resources (i.e., $ADA) together with others to receive rewards through the delegation process.
If you hold $ADA (the native cryptocurrency of the Cardano blockchain), staking is a no-brainer! It's a fast and easy way to earn more $ADA (and other rewards) while also supporting projects, developers and stakepool operators that contribute to the decentralization and security of the blockchain. AND the cherry on top – staking does not lockup or require a transfer of your funds.
We chose to build NEWM on the Cardano blockchain for several reasons, one of which is its Proof-of-Stake consensus mechanism that is more sustainable and eco-friendly than other blockchains.
If this is all new to you, we got you, check out the basics of staking here.
Full Transparency
the future of funding
Disclaimer: NEWM does not provide legal or financial advice. Cryptocurrency and staking regulations differ across many jurisdictions; we suggest consulting with legal or financial advisors in yours.
“What NEWM does for the music industry has been needed for many years. The industry was built to exploit artists, but now we finally have the tools to fight back!”
MoodSwingz Group | Crypto Record Label