Binance's new project: the launch of NTRN
The exchange Binance has just announced the launch of the crypto Neutron (NTRN) on its platform, along with the unmissable launchpool that will give users the opportunity to earn a small annuity for the next 20 days, as happened with previous launches of new cryptos.
Are we looking at an interesting new crypto or will the coin and the project associated with it soon be forgotten by the crypto community?
In the meantime put on the market to trading NTRN which can be traded with BTC, BNB and USDT.
What is Neutron?
The Neutron crypto project (NTRN) represents a blockchain network designed to embed smart contracts on Cosmos through the use of CosmWasm (Cosmos WebAssembly, or a library that provides a set of modular codes needed to build on the chain. Neutron was created using the Cosmos SDK operating framework, thus simplifying the initial build process. Service provider Cosmos Hub had launched an on-chain vote in May to consider whether it was appropriate to launch Neutron on Replicated Security (RS). Following a series of tests and implementations of some modules, the Cosmos community unanimously approved the project with 90 percent of the voters in favor of the proposal, all in agreement in short.
Neutron is the first consumer chain launched on the RS and for this reason it has earned the respect of Binance, which first invested in the project by funding it with $10 million, then officially launched the NTRN token on its platform helping to introduce the crypto to the public. One of the most interesting features of this new project is the ability to offer customizable interchain queries, with which developers can retrieve data across the Interchain zone without difficulty.
Given the strong development that the Cosmos interior universe is experiencing, also witnessed by the positive feedback from insiders who attended the Cosmoverse event held a few days ago in Istanbul, we believe that Neutron can achieve a fair amount of success between now and the next few years.
Let's see all the details of the project together:
The cryptocurrency will be followed by the "seed tag" that identifies new projects listed on Binance with which high volatility is associated. Also of note is how withdrawals for individuals who prefer to hold cryptocurrency on noncustodial wallets are available now. Within 48 hours of Neutron's actual launch, the exchange will make the same crypto available as a lending asset by adding the NTRN/USDT margin pair in the "Isolated margin" section
Surely the future is all to be written as Neutron represents one of the best projects belonging to the Cosmos ecosystem. As soon as Binance made the announcement, NTRN saw a 45 percent price increase, not bad, reaching the local top of $0.53 before tracking slightly as it should. The token supply is set at 1 billion units and has a fully diluted market capitalization of over $450 million. Beware of volatility in the early hours of trading that could be dangerously high for novices who do not know how to manage the risk associated in this specific case.
Binance has also added a dedicated launchpool, as it often does when listing a token on the "innovation zone," to support the exchange's crypto of choice.
All holders of BNB, TUSD and FDUSD will be able to lock in their coins for the next 20 days and get a yield directly in Neutron (NTRN), by no means keep these assets unused guys. Specifically, there are 16,000,000 NTRN as an incentive for BNB stakers and 4,000,000 NTRN for TUSD and FDUSD stakers. All returns will be distributed hour by hour and can be claimed at any time. Good news then for BNB holders who will be able to make their investment pay off without too much risk associated with staking. The launchpool will officially start tonight, in a few more hours and will be operational until the end of the day on October 30.
Bicci
