Introduction
On October 10th, 2023, Binance unveiled its 38th project on the Binance Launchpool: Neutron (NTRN). This exciting development brings a new wave of possibilities for crypto enthusiasts and developers alike. Neutron's unique features and its integration with Binance are set to make a significant impact on the blockchain and DeFi (Decentralized Finance) ecosystems.
Neutron's Vision
Neutron is a blockchain project that aims to empower developers to build cross-chain applications using the Inter-Blockchain Communication Protocol (IBC). This technology allows for seamless communication between different blockchains, opening the door to a world of interconnected decentralized applications (dApps). Furthermore, Neutron provides DeFi dApps with the full economic security of the Cosmos Hub, ensuring the safety of users' assets.
Token Details
- Token Name: Neutron (NTRN)
- Total and Maximum Token Supply: 1,000,000,000 NTRN
- Launchpool Token Rewards: 20,000,000 NTRN (2.00% of total token supply)
- Initial Circulating Supply: 217,112,292 NTRN (21.71% of total token supply)
Staking Opportunities
Starting from October 11th, 2023, at 00:00 (UTC), users can participate in Neutron's Launchpool by staking BNB, TUSD, and FDUSD. The available pools and rewards are as follows:
- 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%)
Staking Terms
It's worth noting that KYC (Know Your Customer) verification is required to participate in Neutron's Launchpool. Users can stake their tokens in one pool at a time, and they have the flexibility to unstake their funds at any time with no delays, allowing for easy participation in other available pools.
Farming Period
The farming period for Neutron (NTRN) on Binance Launchpool will run from October 11th, 2023, at 00:00 (UTC) to October 30th, 2023, at 23:59 (UTC). During this time, users can earn daily rewards based on their staked tokens.
Reward Distribution
Neutron's farming distribution is well-structured, with daily rewards for each pool. For example, on the first day, a total of 1,000,000 NTRN will be distributed, with 800,000 NTRN going to the BNB pool, and 100,000 NTRN each to the TUSD and FDUSD pools.
Additional Features
- Binance BNB Vault support: Users who have staked their BNB in BNB Vault will automatically participate in the NTRN Launchpool and receive NTRN rewards daily in their Spot Wallets.
- Standard benefits for holding BNB: BNB staked into Launchpool continues to provide users with the standard benefits, including airdrops, Launchpad eligibility, and VIP benefits.
- Real-time updates: Each pool's annual percentage yield (APY) and total pool balance will be updated in real time.
Conclusion
Neutron's integration into the Binance Launchpool is a testament to the continued growth of DeFi and the importance of cross-chain compatibility. As Neutron aims to facilitate the development of cross-chain applications, it's positioned to play a pivotal role in shaping the future of blockchain technology. The farming opportunities provided by Neutron offer users a chance to participate in this exciting venture while earning rewards along the way. Stay tuned for Neutron's launch, and let the farming begin!
