Binance has recently launched the Neutron (NTRN) crypto exchange on its platform, along with a launchpool that allows users to earn a small annuity for the next 20 days. Users can trade NTRN for BTC, BNB, and USDT. The coin will have a “seed tag” to indicate its association with high volatility. Withdrawals are available for those who prefer non-custodial wallets. Within 48 hours of launch, NTRN will be available as a lending asset with the NTRN/USDT margin pair in the Isolated Margin section.
To support the launch, Binance has introduced a launch pool where holders of BNB, TUSD, and FDUSD can lock their coins for 20 days and receive a return in NTRN. BNB holders will receive 16 million NTRN, while TUSD and FDUSD holders will receive 4 million NTRN. Returns will be distributed hourly and can be claimed at any time.
Neutron is a blockchain network built on Cosmos using CosmWasm. It was approved by the Cosmos community after an on-chain vote. Neutron is the first consumer chain to launch on Replicated Security (RS), which improves security for new chains in the Cosmos ecosystem. Binance invested $10 million in Neutron and launched the NTRN token on its platform.
Neutron offers customizable interchain queries, allowing developers to retrieve data across the entire interchain zone. With the growth of the Cosmos universe and positive feedback from insiders, Neutron is expected to be successful in the future.
In conclusion, Binance has launched the Neutron crypto exchange and introduced a launch pool for users to earn NTRN. Neutron is built on Cosmos and offers customizable interchain queries. With Binance’s investment and positive feedback from insiders, Neutron has promising potential in the crypto community.
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