Binance Announces Listing of Neutron (NTRN) Altcoin
Binance, the world’s largest crypto exchange, has revealed its plans to list a new altcoin called Neutron (NTRN). Neutron is a project that aims to be a cross-chain smart-contracting platform within the interoperable blockchain ecosystem Cosmos (ATOM).
Neutron enables developers to build cross-chain applications using the Inter-Blockchain Communication Protocol (IBC) and provides decentralized finance (DeFi) applications with the full economic security of the Cosmos Hub, according to Binance.
Spot Trading Pairs and Seed Tag System
Binance will support spot trading pairs for NTRN, including NTRN/USD, NTRN/BTC, and NTRN/BNB. Additionally, Binance will apply a seed tag to NTRN. Tokens with a seed tag will require users to pass quizzes every 90 days to ensure they understand the risks associated with trading these tokens.
The new seed tag system will replace Binance’s Innovation Zone, which was previously reserved for projects with higher volatility and lower liquidity.
Neutron Featured in Binance’s Launchpool
In addition to listing NTRN, Binance has announced that Neutron will be featured in its Launchpool. The Launchpool allows users to stake their tokens and earn rewards in other tokens.
Hot Take: Binance Expands Its Altcoin Offering with Neutron Listing
Binance continues to expand its altcoin offering by listing Neutron (NTRN), an altcoin built on the Cosmos blockchain ecosystem. With the addition of Neutron, Binance provides its users with more options for trading and investing in innovative projects. The seed tag system implemented by Binance ensures that users are aware of the risks associated with trading tokens and promotes responsible trading. By featuring Neutron in its Launchpool, Binance offers users the opportunity to earn rewards by staking their tokens. This listing further solidifies Binance’s position as a leading crypto exchange and highlights its commitment to supporting and promoting the growth of the cryptocurrency ecosystem.
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