Binance is thrilled to announce the 38th project on Binance Launchpool: Neutron (NTRN). Neutron is a groundbreaking platform that empowers developers to build cross-chain applications using the Inter-Blockchain Communication Protocol (IBC). Let’s dive into the details:
What Is Neutron (NTRN)?
Neutron isn’t your typical cryptocurrency. It’s a bridge between different blockchains, allowing seamless communication and interoperability. Here are the key highlights:
- Cross-Chain Applications: Neutron enables developers to create decentralized applications (dApps) that span multiple blockchains. This cross-chain functionality opens up exciting possibilities for DeFi and beyond.
- Cosmos Hub Integration: Neutron leverages the Cosmos Hub, providing robust economic security. Developers can build DeFi dApps with confidence, knowing they’re backed by the Cosmos ecosystem.
- Tokenomics: The NTRN token serves as the native utility within the Neutron ecosystem. It’s essential for governance, staking, and participating in network activities.
How Does Neutron Launchpool Work?
Binance Launchpool allows users to stake their assets and earn rewards in newly launched tokens. Here’s what you need to know about Neutron’s Launchpool:
- Staking Assets: Stake your BNB, TUSD, and FDUSD in separate pools to farm NTRN tokens over a 20-day period.
- Farming Start Date: The farming begins on October 11, 2023, at 00:00 (UTC).
- Token Metrics:
- Total Token Supply: 1,000,000,000 NTRN
- Launchpool Token Rewards: 20,000,000 NTRN (2% of total supply)
- Initial Circulating Supply: 217,112,292 NTRN (21.71% of total supply)
Staking Terms and Pools:
- KYC Required: Complete KYC verification.
- Hourly Hard Cap per User:
- BNB pool: 3,333.33 NTRN
- TUSD pool: 416.67 NTRN
- FDUSD pool: 416.67 NTRN
- Supported Pools:
- Stake BNB: 16,000,000 NTRN in rewards (80%)
- Stake TUSD: 2,000,000 NTRN in rewards (10%)
- Stake FDUSD: 2,000,000 NTRN in rewards (10%)
Farming Period and Rewards:
- Farming Period: October 11, 2023, to October 30, 2023 (UTC)
- Daily Rewards:
- BNB Pool: 800,000 NTRN
- TUSD Pool: 100,000 NTRN
- FDUSD Pool: 100,000 NTRN
Important Notes:
- Snapshots and Rewards: Hourly snapshots determine rewards.
- Claiming Rewards: Accumulate rewards and claim them directly to your spot account.
- Unstaking: Unstake anytime and participate in other pools immediately.
- Single Pool Staking: Tokens can only be staked in one pool at a time.
Important Links
Website: https://neutron.org
Whitepaper: https://docs.neutron.org
Twitter: https://twitter.com/Neutron_org
Discord: https://discord.com/invite/zRT2ZkQsxA
Telegram: https://t.me/neutron_community