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.

NEWM Pool

Ticker: NEWM

Margin: 5%

Pool ID:
926b65d00c21aa1fb19e44faa2293e342578ed6a80aca4a551191a70

Rewards: $ADA

Details: NEWM Pool is a regular margin stake pool with no $NEWM rewards, meaning 95% of ADA rewards are shared among all stakepool delegators (according to their stake) while the other 5% goes towards NEWM's product development.

NEWMX Pool

Ticker: NEWMX

Margin: 5%

Pool ID:
40fd2f82c5b6eeee096d761c9d4c8352f3901467bd49a5658f30c6c2

Rewards: $ADA

Details: NEWMX Pool is a regular margin stake pool with no $NEWM rewards, meaning 95% of ADA rewards are shared among all stakepool delegators (according to their stake) while the other 5% goes towards NEWM's product development.

NEWMC Pool

Ticker: NEWMC

Margin: 99%

Pool ID:
9e5dbc61ade8b23176636e739fb056d30572c1669d2671f590b83afa

Rewards: $NEWM

Details: NEWMC Pool is a 99% stake pool that offers $NEWM rewards in exchange for all the pool-generated ADA going towards product development. This pool uses a 'Moving Average' market price calculation for $NEWM token across multiple epochs, and rewards can only be claimed 6 months after active stake.

Full Transparency

the future of funding

We currently offer three stake pools that help support the development of our project while also providing delegators with rewards.

To learn more about NEWM pools and the recent updates to our Stake Pool Offering, please join our Discord and Telegram stakepool communities.

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

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