Farm Neutron on Binance Launchpool

Neutron, the 38th project on the Binance Launchpool is live, and users from any of the supported countries can now farm the token (NTRN) by staking into different pools (FDUSD, BNB, or TUSD).

Launchpool Details

• Token Rewards: 20 million NTRN (2% of total token supply)

• Initial Circulating Supply: 217,112,292 NTRN (21.70% of the total token supply)

• Farming Period: 20 days. It started on the 10th of October (00:01 UTC) and will end on the 31st of October, 23:59 UTC.

  It is to be noted that only verified users from eligible countries or regions can participate.
  
  

Supported Pools

Users can stake separately in any of the supported pools allows users to earn or farm NTRN. The rewards are calculated every hour and are claimable at any time. All rewards that are not manually claimed will be automatically credited to the user's Spot Wallet once the farming period ends.

Users can easily remove or unstake their assets from any of the pools anytime without any restrictions.

👉BNB Pool

Earn NTRN when you stake BNB. A total of 16 million NTRN tokens (which is 80% of the Launchpool rewards) are allotted for this pool or 800k per day. Also, users who have BNB staked on the BNB Vault will automatically earn NTRN which are then credited to their Spot Wallet each day.

• The maximum hourly reward for each user on this pool is 3,333.33 NTRN.

• At the time of this writing, there were 9.8+ million BNB already staked at an APR of 4.64%
  
  

👉TUSD Pool

• 2 million NTRN in rewards (10%) or 100k per day

• The hourly hard cap for each user is 416.66 NTRN

• Over 265 million TUSD are currently staked into this pool

• Current APR: 4.30%
  
  

👉FDUSD Pool

• 2 million NTRN in rewards is allotted for this pool (100k/day)

• The maximum hourly hard cap reward for each user is 416.66 NTRN

• More than 193 million FDUSD has been staked on this pool at the time of this writing

• The current APR is 6.13%
  
  

Brief Intro to Neutron

Accordingly, Neutron is the most secure cross-chain smart-contracting CosmWasm platform in Cosmos. It allows smart contracts to leverage bleeding-edge Interchain technology with minimal overhead.¹ Per Binance research, it makes it easier for developers "to easily build cross-chain applications over Inter-Blockchain Communication Protocol (IBC) and provides DeFi DApps with the full economic security of the Cosmos Hub."²

Neutron is a blockchain network that brings Smart Contracts into the Cosmos-family blockchains using CosmWasm. Neutron works with networks using the IBC protocol. Neutron security (block validation) is provided by the Cosmos Hub network using Interchain Security.³

Key Features

• Neutron is built using Cosmos SDK framework that simplifies the process of building secure blockchain applications on top of Tendermint BFT.⁴

• It uses Interchain Security, a technology that allows Neutron "to be secured by the validator set of the Cosmos Hub and does not have another separate validator set particularly for the Neutron blockchain."⁵

• It brings customizable Interchain Queries (ICQs) to smart contract developers which enables them to securely retrieve data from remote zones.⁶

• It is also "bringing interchain accounts (ICA) to CosmWasm smart contracts. ICAs allow modules and smart contracts to execute and track transactions on foreign zones, without deploying additional code."⁷
  
  

Token

• Token: Neutron (NTRN)

• Maximum Supply: 1 billion

• Initial Circulating Supply: 217,112,292 (approx 21%.7% of total supply)

  There was a closed 10MM USD seed round led by Binance Labs and co-led by Coinfund, in which approximately 11.00% of the NTRN total token supply was sold at 0.09 USD / NTRN.⁴
  
  

Token Allocation

• Binance Launchpool: 20 million NTRN (2% of the total token supply)

• Investors: 110 million NTRN (11% of the TTS)

• Liquidity Bootstrap: 50 million (5% of the TTS)

• Airdrops: 70 million NTRN (7% of the TTS)

• Team: 230 million NTRN (23% of the TTS)

• Advisors: 1% of the TTS (10 million NTRN)

• Treasury: 27% of the TTS or 270 million NTRN - Liquid and controlled by governance and 10% of the supply was voted to be transferred to the Foundation.

• Reserve: 24% of the TTS or 240 million NTRN - This will be unlocked based on the network's activities - the more activity the faster the tokens vest and vice versa.
  [Source]
  
  

Token Utility

• Pay for network fees (transaction fees in the Neutron ecosystem)

• For Governance. NTRN token holders can vote on the network parameters and treasury.

• NTRN can be used as liquidity, collateral, and reward token in Neutron's own DeFi ecosystem.
  
  

Summary

Neutron, a cross-chain smart contract platform in the Cosmos blockchain is the 38th project to launch on the Binance Launchpool and there are 18 more days to farm NTRN by staking in 3 different pools (BNB, FDUSD, TUSD).

The project's native token, NTRN is already listed on the Binance Spot Market with USDT, BNB, and BTC as its trading pairs.

_{For information only. DYOR. None of these are Financial or Investment advice.}

Info Sources: Neutron / Whitepaper / Binance Research / Launchpool / Announcement

_{Lead image created on Canva. Logo/s from Neutron and Binance. No copyright infringement intended. 12102023/11:00ph}

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