The crypto exchange Binance recently announced the launch of the Neutron (NTRN) crypto exchange on its platform, accompanied by a launchpool that will give users the chance to earn a small annuity for the next 20 days.
The green light has been given to trade NTRN, which can be exchanged for BTC, BNB and USDT.
Is this a new gem, or will the coin and its associated project soon be forgotten by the crypto community?
Let’s look at all the details together.
Summary
Binance Launches Crypto Neutron (NTRN) on its Platform and Announces Launchpool Details
Crypto exchange Binance has officially opened its doors for trading the Neutron coin (NTRN). The announcement, released this morning, will allow its users to trade the cryptocurrency using BTC, BNB or USDT as counterparties.
The cryptocurrency will be followed by the ‘seed tag’, which identifies new projects listed on Binance that are associated with high volatility. It should also be noted that withdrawals are already available for individuals who prefer to hold cryptocurrency in non-custodial wallets.
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.
A large following is expected, considering that Neutron is one of the best projects in the Cosmos ecosystem. As soon as Binance made the announcement, NTRN spiked 45% to a local high of $0.53 before pulling back slightly.
The token supply is set at 1 billion units and has a fully diluted market cap of over $450 million. Beware of volatility in the early hours of trading, which could be dangerous for newbies who do not know how to manage the risk involved in this particular case.
To support the launch of the innovative crypto, Binance revealed the accompanying launch pool, as it often does when listing a token in the ‘innovation zone’.
All holders of BNB, TUSD and FDUSD will be able to lock their coins for 20 days and receive a return directly in Neutron (NTRN).
Specifically, there will be 16,000,000 NTRN as an incentive for BNB holders and 4,000,000 NTRN for TUSD and FDUSD holders. All returns will be distributed on an hourly basis and can be claimed at any time.
This is great news for BNB holders who will be able to recoup their investment without taking on too much risk. The launch pool will officially begin at 02:00 Italian time this evening and will run until the end of the day on 30th October.
What is Neutron?
The Neutron crypto project (NTRN), recently launched by Binance, is a blockchain network designed to embed smart contracts on Cosmos using CosmWasm (Cosmos WebAssembly), a library that provides a set of modular codes needed to build the chain.
Neutron was built using the Cosmos SDK operating framework, simplifying the initial build process. Service provider Cosmos Hub initiated an on-chain vote in May to assess whether it was appropriate to launch Neutron on Replicated Security (RS).
Following a series of tests and the implementation of a number of modules, the Cosmos community unanimously approved the project, with 90 per cent of voters supporting the proposal, only one per cent against and nine per cent abstaining.
For the uninitiated, Replicated Security (RS) is a paradigm that new chains orbiting the IBC can use to improve their security by simply building a dapp on top of the Cosmos ecosystem.
Neutron is the first consumer chain to launch on RS, and for this reason it has earned the respect of Binance, which first invested in the project by funding it with $10 million and then officially launched the NTRN token on its own platform, helping to introduce crypto to the public.
One of the most interesting features of this new project is the ability to offer customisable interchain queries, allowing developers to easily retrieve data across the entire interchain zone.
Given the strong development that the Cosmos universe is experiencing, as evidenced by the positive feedback from insiders who attended the Cosmoverse event held a few days ago in Istanbul, we believe that Neutron is likely to be quite successful in the coming years.
 crypto on its platform, accompanied by a launchpool.){kind=link}