Binance Lists Neutron (NTRN), Price Surges Significantly

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Binance lists Neutron (NTRN)

Binance has listed Neutron (NTRN) and opened trading for these spot trading pairs on October 10, 2023.

Specifically, the new spot trading pairs are: NTRN/BTC, NTRN/USDT, NTRN/BNB.
Users can now begin depositing NTRN.
NTRN listing fee: 0 BNB

Note: The withdrawal opening time is an estimate. Users can check the actual withdrawal status on the Binance withdrawal page.

Additionally, Binance will also add NTRN to the Isolated Margin asset list within 48 hours after launch.

New Isolated Margin trading pair: NTRN/USDT.

Binance lists Neutron (NTRN) on Binance Launchpool

The details for the NTRN Launchpool are as follows:

Token Name: Neutron (NTRN)
Total Token Supply: 1,000,000,000 NTRN
Launchpool Token Reward: 20,000,000 NTRN (2.00% of total supply)
Initial Circulating Supply: 217,112,292 NTRN (21.71% of total supply)
Staking Requirements: KYC required

Maximum Limits per User:

3,333.33 NTRN in the BNB pool
416.67 NTRN in the TUSD pool
416.67 NTRN in the FDUSD pool

Supported pools:

Stake BNB (website will be available in approximately 4 hours): 16,000,000 NTRN (80%)
Stake TUSD (website will be available in approximately 4 hours): 2,000,000 NTRN (10%)
Stake FDUSD (website will be available in approximately 4 hours): 2,000,000 NTRN (10%)

What is Neutron (NTRN)?

Neutron is a blockchain network designed to simplify the development of cross-chain applications through the Inter-Blockchain Communication Protocol (IBC). Additionally, it provides DeFi dApps with the full economic security of the Cosmos Hub.

Unique features of Neutron

Neutron stands out in the cryptocurrency space for its ability to bring smart contracts to the Cosmos ecosystem using CosmWasm. Moreover, Neutron seamlessly operates with networks using the IBC protocol, and its security is ensured through the Cosmos Hub’s Interchain Security.

Cosmos SDK and Interchain Security

Neutron leverages the Cosmos SDK framework, known for its modular security principles. Interchain Security ensures that Neutron is secured by the validation set of the Cosmos Hub, eliminating the need for a separate validator set dedicated only to the Neutron blockchain.

Interchain Queries and Transactions

Neutron introduces Interchain Queries (ICQ) that can be customized for smart contract developers, allowing them to securely access remote data. It also introduces Interchain Accounts (ICA) for CosmWasm smart contracts, making it convenient to execute and monitor off-chain transactions without the need for additional code deployment.

The Significance of CosmWasm

CosmWasm, the core of Neutron’s operation, is a smart contract platform designed specifically for the Cosmos ecosystem, providing a robust foundation for Neutron’s capabilities.

The addition of Neutron (NTRN) to Binance’s expanding cryptocurrency portfolio signals a new chapter in the development of cross-chain technologies.

As Neutron finds its place within the Binance ecosystem, it is sure to attract the interest of traders, developers, and cryptocurrency enthusiasts eager to explore the potential of this advanced blockchain network.

Following the Binance listing announcement, the price of Neutron’s NTRN token surged by approximately 40% and is currently trading at $0.35.