Top 5 Things You Need To Know About The Newly Introduced @Neutron_org $NTRN On Binance Launchpool

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Top 5 Things You Need To Know About The Newly Introduced @Neutron_org $NTRN On Binance Launchpool

Binance, the largest cryptocurrency worldwide by trading volume, has just revealed the 38th project, and there is much more to $NTRN than you know.

On Tuesday, Binance excitedly announced the 38th project on the Binance Launchpool – and it’s no other than Neutron (NTRN). Binance also announced on Twitter that users can farm NRTN by staking BNB, $TUSD, and $FDUSD over 20 days from 2023-10-11 00:00 (UTC). What are some facts you need to know to farm $NRTN?

1. Functionality

Neutron proclaims the title of the ‘most secure CosmWasm platform in Cosmos’. With Neutron, developers can build cross-chain applications over the Inter-Blockchain Communication Protocol (IBC) with minimal overhead.

2. Maximum, Initial, and Launchpool Supply

While the maximum supply is 1,000,000,000 NTRN, the total amount of Neutrons in the Binance Launchpool is 20,000,000 NTRN ((2% of the total token supply). The initial circulating supply of Neutrons was 217,112,292 NTRN (21.71% of the total token supply).

3. Supported Pools

Users can farm for NTRN through:

  • Stake BNB, which has 16,000,000 NTRN in rewards (80%). 
  • Stake TUSD, which has 2,000,000 NTRN in rewards (10%).
  • Stake FDUSD, which has 2,000,000 NTRN in rewards (10%).

Note: According to Binance, the website will be up in approximately 4 hours at the time of writing.

4. Farming Period

Users can farm for NTRN from 2023-10-11 00:00 (UTC) to 2023-10-30 23:59 (UTC). 

5. Hourly Hard Cap per User

Hourly Hard Cap per User refers to the maximum amount of NTRN tokens a user can purchase from the pool within an hour. The following are the available Hourly Hard Caps per User: 

  • 3,333.33 NTRN in BNB pool.
  • 416.67 NTRN in the TUSD pool.
  • 416.67 NTRN in FDUSD pool.

Conclusion

The introduction of Neutron ($NTRN) on Binance Launchpool marks an exciting development in the crypto space. As the ‘most secure CosmWasm platform in Cosmos,’ Neutron offers developers a platform to build cross-chain applications with minimal overhead. 

With a maximum supply of 1 billion NTRN tokens and a farming period set from October 11 to October 30, 2023, users can stake BNB, TUSD, and FDUSD to earn rewards. The hourly hard cap per user ensures a fair distribution of tokens, while the real-time update of each pool’s APY and balance ensures transparency. As always, users are advised to read the terms and conditions on the Binance site carefully and ensure they understand the staking process.

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