What is Neutron?

Neutron is a multi-chain smart contract platform built on the Cosmos ecosystem, allowing developers to easily build scalable decentralized applications (dApps) that interact with various blockchains. The project leverages the Inter-Blockchain Communication (IBC) protocol to create a secure and efficient network for multi-chain DeFi applications. This project has attracted significant attention from the crypto community, especially after being invested in and listed by Binance Labs on Binance Launchpool.

What is NTRN Coin?

NTRN is the native token of the Neutron network, with the following main uses:

  • Transaction fees: Used to pay for transaction fees on the Neutron network.

  • Governance: NTRN holders have the right to participate in voting on the governance decisions of the network, shaping the future of the project.

  • DeFi: NTRN can be used in Neutron's DeFi ecosystem as collateral, providing liquidity or rewards for users.

Where to buy NTRN Coin?

Currently, the NTRN token is being traded on quite a few exchanges. However, the highest trading volume for this token is on Binance.com. This is currently the top trusted and safest exchange in the world.

If you do not have an account on this exchange, you can register at the link below.

Register for a Binance account to reduce trading fees by 20%: https://accounts.binance.com/register?

After creating an account, you can find the trading pair NTRN/USDT to trade as usual.

Key Features of Neutron

1. Strong Cross-Chain Interoperability

Neutron supports CosmWasm smart contracts, allowing interaction with various blockchains through IBC, enabling DeFi applications to scale safely on a network.

2. High Security with Interchain Security

The project utilizes the security mechanism of Cosmos Hub, allowing applications on Neutron to be protected by the validators of Cosmos, ensuring safety and stability for the network.

3. Decentralized Governance (DAO)

The NTRN token is used to participate in the governance process of the network, allowing the community to contribute opinions and decide on important changes in the project.

4. Utility Modules

  • Interchain Queries (ICQ): Allows secure data retrieval from other blockchains.

  • Interchain Accounts (ICA): Supports executing and tracking inter-chain transactions without needing to deploy additional code.

  • Cron Module: Executes tasks on a scheduled basis.

  • TokenFactory: Creates native tokens instead of using cw-721 tokens.

  • IBC Hooks: Triggers contract call commands via IBC.

  • Packet Forwarding: Routes IBC multi-hop transfers.

Basic information about Neutron

  • Token name: Neutron Token

  • Symbol: NTRN

  • Blockchain: Cosmos

  • Token type: Utility & Governance

  • Total supply: 1,000,000,000 NTRN

  • Initial circulating supply: 217,112,292 NTRN (~21.7% of total supply)

NTRN Token Allocation:

  • Binance Launchpool: 2%

  • Investors: 11%

  • Liquidity Bootstrap: 5%

  • Airdrops: 7%

  • Development Team: 23%

  • Advisors: 1%

  • Treasury: 27%

  • Reserve: 24%

Release and Listing History:

  • Binance Launchpool: Neutron is the 38th project listed on Launchpool by Binance, allowing users to stake BNB, TUSD, and FDUSD to farm NTRN tokens over 20 days, starting from October 11, 2023.

  • Successful fundraising: Neutron successfully raised $10 million from Binance Labs and Coinfund, along with participation from Delphi Digital and other investment funds.

Who created Neutron (NTRN)?

Neutron (NTRN) was co-founded by Avril Duthiel and a team of experienced blockchain experts.

Key members of the founding team include:

  • Avril Duthiel (CEO): Studied at the University of Birmingham, he has experience working at Lido and served as the General Director at P2P, a non-custodial staking platform with over $1.4 billion staked.

  • Anthony C. (COO - CFO): Graduated from Arden University and Saint John University, Anthony was previously the executive director at OKX Bahamas before joining Hadron Labs.

The future of Neutron (NTRN)

The future of Neutron (NTRN) is receiving significant interest in the crypto community due to its growth potential in the cross-chain DeFi space and strong support from the Cosmos ecosystem. Below is a detailed analysis of NTRN's future across various aspects:

1. Position in the Cosmos Ecosystem

Neutron is the first Layer 1 blockchain to use the Interchain Security mechanism from Cosmos Hub. This brings two major advantages:

  • Strong security: Utilizing Cosmos' validator set without needing to build a separate system.

  • Leveraging the Cosmos ecosystem: Easily interact with other chains such as Osmosis, Juno, Injective, etc.

→ In the long term, Neutron has the potential to become a "Smart Contract Hub" of Cosmos – similar to Ethereum in its ecosystem.

2. Cross-chain Interoperability & Technical Advantages

With support for CosmWasm smart contracts and integration of tools such as:

  • IBC Hooks

  • Interchain Queries

  • Interchain Accounts

→ Neutron not only supports cross-chain DeFi applications but can also deploy complex logic such as yield aggregators, liquid staking, derivatives, etc.

This positions Neutron as a potential top platform for developers to build cross-chain DApps in the future.

3. Strong Backing from Major Investment Funds

Binance Labs, CoinFund, Delphi Digital, etc. have all invested in Neutron.

Neutron's appearance on Binance Launchpool (the 38th project) proves that the project has undergone many rigorous evaluation rounds.

→ Being backed by major names helps the project have long-term development potential, reducing the risk of 'dying young' like many other altcoins.

4. Long-Term Development Direction

Neutron is pushing forward with strategies such as:

  • Encouraging developers through grants and incentive programs.

  • Collaborating with prominent DApps in the Cosmos ecosystem to deploy on the Neutron platform.

  • Diversifying the use-case of the NTRN token (staking, voting, transaction fees, etc.).

→ If Neutron builds a rich DApp ecosystem, the intrinsic value of the NTRN token will increase significantly.

Conclusion

Neutron (NTRN) is a promising project in the Cosmos ecosystem, aiming to provide a secure and efficient cross-chain smart contract platform for DeFi applications. With support from major investors and a strong development community, Neutron has the potential to become an important part of the future of decentralized finance.