Neutron (NTRN) recently made headlines when it was listed on Binance Launchpool for the 38th time. So what is it about this project that Binance listed?
What is Neutron (NTRN)?
Neutron (NTRN) – cross-chain smart contract platform in the Cosmos ecosystem.
Neutron enables developers to easily build cross-chain applications via Inter-Blockchain Communication Protocol (IBC) and provides DeFi applications with the full security of Cosmos Hub.
Additionally, Neutrons are:
- Neutron is the first blockchain secured by Interchain Security.
- Neutron allows developers to easily build scalable cross-chain applications on a network of more than 50 blockchains connected via IBC.
- Neutron strives to provide the best platform for developers to easily build secure and scalable cross-chain DeFi applications.
The project has closed a seed round led by Binance Labs and co-led by Coinfund, in which approximately 11.00% of the total NTRN token supply was sold for 0.09 USD/NTRN.
As of October 10, 2023, the total supply of NTRN is 1,000,000,000 and the circulating supply upon listing will be approximately 217,112,292 (~21.7% of total token supply).
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Functions and uses of Neutron
The protocol includes the following main components that work together:
- Replicated Security: a mechanism that allows ATOM to stake on the Cosmos Hub, also to secure the neutron network via IBC.
- Cosmos Blockchain SDK: a framework for building sovereign blockchains. Neutron implements various custom modules to empower smart contracts to build cross-chain applications.
- Interchain Queries 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 execute callbacks.
- CRON Module: allows administrators to subscribe to arbitrary notifications that are executed at regular block intervals.
- IBC Protocol: Inter-Blockchain Communication (IBC) is a standardized interoperability protocol used to connect an expanding ecosystem of more than 50 blockchains.
- CosmWasm: a high-performance WASM virtual machine for secure Rust smart contracts.
- Tendermint: a scalable Byzantine Fault Tolerant consensus protocol.
What can neutrons do?
- Security: Neutron provides applications with higher levels of security at a lower cost through Interchain Security. CosmWasm, its virtual machine, prevents most attack vectors commonly used against Solidity smart contracts.
- Cross-chain interoperability: smart contract applications can reliably and securely own accounts on other blockchains, execute transactions, receive confirmations and execute callbacks, as well as Retrieve data from other blockchains.
- Reduced costs: CosmWasm developers benefit from standardized tooling, an established compiler, and multiple libraries for Rust, a widely used secure and high-performance programming language outside web3.
Neutron’s main highlights
- Interchain Queries: Neutron is bringing customizable Interchain Queries to smart contract developers. Inter-chain queries (also known as ICQ) are an essential building block that allow developers to securely retrieve data from remote regions.
- Interchain Transactions: Neutron is bringing interchain accounts (ICA) to the CosmWasm smart contract. ICA allows modules and smart contracts to execute and track transactions in offshore regions without the need to deploy additional code. With ICQ, they are Interchain’s secret DeFi ‘sauce’.
- CRON Module: The Cron module implements a mechanism to add cron schedules through admin proposals to execute arbitrary cosmwasm messages within a certain period of time.
- Tokenfactory: a module that allows smart contracts to generate native denominations instead of cw-721 tokens.
- IBC Hooks: a module that allows passing tokens through IBC to trigger contract calls.
- Packet Forwarding: a module that enables multi-hop IBC transfer routing.
- Modular governance: Neutron’s governance system has many layers and is modular. It supports advanced features such as voting, multiple voting mechanisms, and subDAO within the protocol.
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Information about NTRN token
Key metrics
What can holding NTRN do?
- NTRN can be used to pay transaction fees on the Neutron network
- NTRN holders can participate in voting on project activities and participate in governance.
NTRN distribution
- Binance Launchpool: 2.00% of total supply
- Investors: 11.00% of total supply
- Liquidity Bootstrap: 5.00% of total supply
- Airdrops: 7.00% of total supply
- Team: 23.00% of total supply
- Advisors: 1.00% of total supply
- Treasury: 27.00% of total supply
- Reserve: 24.00% of total supply
Treasury (27.00%) is highly liquid and controlled by a regulator. 10% of the supply was voted to go to the Foundation.
Reserve (24.00%) will be unlocked based on onchain activities: the more activities there are, the faster tokens are received and vice versa.
NTRN token release schedule
Development roadmap
Q2/2022: Bringing Liquid Stake and DeFi to Cosmos Hub with Interchain Security
Q4/2022: Oak Security audit completed
Q4/2022: Deploy Quark Testnet
Q4/2022: Replicated Security Testnet Mainnet
Q1/2023: Deploy Baryon Testnet
Q2/2023: Informal System testing completed
Q2/2023: Launch Neutron on Replicated Security
Q2/2023: Mainnet launch
Update…
NTRN storage and trading wallet
Investors can trade NTRN on Binance , Gate …
About storage wallet: update…
Investors and partners
Development team
update…
Summary
All of the above information is what you need to know about Neutron (NTRN). Hopefully the above basic information about Neutron (NTRN) will help you have a better overview of the project.
Please note that this article should only be considered as reference information and should absolutely not be considered an investment recommendation.
Learn more about Neutron here:
Twitter: https://twitter.com/Neutron_org
Discord: https://discord.com/invite/zRT2ZkQsxA
Telegram: https://t.me/neutron_community
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