What is the utility of $NTRN?
The total supply of $NTRN is 1,000,000,000 tokens and inflation is set to zero, meaning no additional $NTRN tokens will be created beyond the 1 billion cap.
These tokens are distributed across four categories:
Founders: Locked for one year, unlocked linearly over three years, with no voting power during the transfer restrictions.
Early backers: Locked for one year, unlocked linearly over three years, with voting power during the transfer restrictions.
Community: Tokens allocated to the community through Neutron’s airdrop and launch event. 3-month unlocking period and optional lock-up, with voting power during the transfer restrictions.
Neutron DAO: Tokens held in the DAO’s Reserve and Treasury. Mostly liquid, they can only be used or transferred with the approval of the majority of voters.
As a result, the initial circulating supply is approximately 66%, with 12% in the hands of the community via an airdrop and 54% belonging to the team via treasury.
Utility
Transaction fees constitute Neutron’s main source of revenue. They originate from local transactions and cross-chain transactions through Neutron’s IBC fee model. Transaction fees are paid in NTRN or ATOM tokens.
25% of the fees are sent to the hub as payment for Replicated Security;
The remaining 75% are either burnt (NTRN) or sent to the Reserve (ATOM, etc.).
