$What is Neutron cryptocurrency that will explode through Binance find out everything about Neutron and its projects that are under development
Neutron allows developers to easily create cross-chain applications through the Inter-Blockchain Communication Protocol (IBC) and provides DeFi dApps with the full economic security of Cosmos Hub.
NTRN is Neutron's native token. Current use cases for NTRN include:
Network Fees: Pay for transaction fees on the network.
Governance: NTRN token holders control network parameters and treasury through governance.
DeFi: NTRN can be used across your DeFi ecosystem as a liquidity, collateral, and reward token.
The protocol consists of the following main components working together:
Replicated Security: a mechanism that allows the ATOM staked on the Cosmos Hub to also protect the Neutron network via IBC.
Cosmos SDK Blockchain: A framework for building sovereign blockchains. Neutron implements a variety of custom modules to enable smart contracts to build cross-chain applications.
Interchain Query Module: Allows smart contracts to retrieve data from other blockchains without permission.
Interchain Transaction Module: Allows smart contracts to register and control accounts on other blockchains, execute transactions, track their status, and perform callbacks.
CRON Module: Allows governance to register arbitrary messages to be executed at regular block intervals.
IBC Protocol: The Inter-Blockchain Communication Protocol is a standardized interoperability protocol used to connect a growing ecosystem of over 50 blockchains.
CosmWasm: A high-performance WASM virtual machine for secure Rust smart contracts.
#
The project closed a $10 million seed round led by Binance Labs and co-led by Coinfund, in which approximately 11.00% of the total supply of NTRN tokens was sold at 0.09 USD/NTRN.
$NTRN As of October 10, 2023 the total supply of NTRN is 1,000,000,000 and the circulating supply after listing will be approximately 217,112,292(~21.70% of the total token supply)
#nft #binancesquare #Binance #criptomoedas #cryptocurrencies