Newbiecoin is generated by TWIN-POB + POS .

TWIN-POB means "Twin channels Proof of Burn" . There are two destination BTC addresses, one is FUND and  another is DARKHOLE. You can send BTC to anyone of them and the returned NEWB is the same.
If you like Newbiecoin and would support the Newbiecoin team to improve it continuously, you can burn your BTC to FUND channel.
If you hate the risk of scam, you can also burn your BTC to DARKHOLE channel which means no scamer could stole the BTCs and disappear immediately.

Be a suggestion for security, You could download the Newbiecoin software and burn a small amount BTC for times.

TWIN-POB is a fair choice!  

Burn information

    Burn period: Bitcoin blocks 303,600 to 307,599 (About 4 weeks)
    Coins burned in blocks[303,600 - 304,599](About Jun 1 - Jun 7 ): 1,000 NEWB per 1 BTC   OVER
      You can burn a little BTC for a fair trial which would help you decide how much BTC you would invest in next periods.
    Coins burned in blocks[304,600 - 305,599](About  Jun 7 - Jun 13): 2,048 NEWB per 1 BTC
      The hotest period with best return.   OVER
    Coins burned in blocks[305,600 - 307,599](About  Jun 14 - Jun 27): 2,000 NEWB per 1 BTC to 1,000 NEWB per 1 BTC
      coins per block scaled linearly in between these blocks.

POS information

    POS period: Bitcoin blocks 308,600 to 834200 (About 10 years)
    POS cycle: Every 1000 blocks (About 1 week)
    Interest: 0.1% for a cycle

More details  :  https://bitcointalk.org/index.php?topic=625201.0  
                   or newbiecoin.org