Binance, one of the world’s leading cryptocurrency exchanges, has announced the listing of Neutron (NTRN). This marks a pivotal moment for Neutron and opens up exciting possibilities for cross-chain development within the cryptocurrency ecosystem.
Effective from October 10, 2023, at 12:00 (UTC), Binance will initiate trading for Neutron with three spot trading pairs: NTRN/BTC, NTRN/USDT, and NTRN/BNB. This listing provides users with increased flexibility and accessibility when it comes to trading Neutron.
Cryptocurrency enthusiasts and traders can begin depositing NTRN tokens immediately, making preparations to engage in the trading frenzy that is expected to follow this announcement.
In a further development, Binance will also introduce NTRN as a new borrowable asset within 48 hours from the trading launch date, offering traders the opportunity to engage in margin trading with NTRN. This move opens new avenues for traders to explore leveraged positions with Neutron.
#Binance will list @Neutron_org $NTRN with Seed Tag applied.
➡️ https://t.co/IgKRF0dMKG pic.twitter.com/W7vTzjebKL
— Binance (@binance) October 10, 2023
It’s important to note that a Seed Tag will be applied to NTRN, indicating that this project may carry higher volatility and risks compared to other listed tokens. As always, traders are advised to exercise caution and conduct thorough research before participating in trading activities.
What Is Neutron (NTRN)?
For those who may not be familiar with Neutron, it’s a blockchain network designed to simplify cross-chain application development through the Inter-Blockchain Communication Protocol (IBC). Additionally, it provides DeFi dApps with the full economic security of the Cosmos Hub.
Neutron’s Unique Offering
Neutron stands out in the crypto space due to its ability to bring Smart Contracts into the Cosmos-family blockchains using CosmWasm. Furthermore, Neutron works seamlessly with networks employing the IBC protocol, and its security is guaranteed through the Cosmos Hub network using Interchain Security.
Cosmos SDK and Interchain Security
Neutron leverages the Cosmos SDK framework, renowned for its modularity and capabilities-based security principles. Interchain Security, on the other hand, ensures that Neutron is secured by the validator set of the Cosmos Hub, eliminating the need for a separate validator set dedicated solely to the Neutron blockchain.
Interchain Queries and Transactions
Neutron brings customizable Interchain Queries (ICQs) to smart contract developers, allowing them to securely retrieve data from remote zones. Additionally, it introduces interchain accounts (ICAs) to CosmWasm smart-contracts, facilitating the execution and tracking of transactions on foreign zones without the need for additional code deployment.
The Significance of CosmWasm
CosmWasm, at the heart of Neutron’s operation, is a smart contracting platform tailored for the Cosmos ecosystem, providing a robust foundation for Neutron’s capabilities.
The addition of Neutron (NTRN) to Binance’s ever-expanding portfolio of cryptocurrencies signals a new chapter in the evolution of cross-chain development. As Neutron finds its place within the Binance ecosystem, it’s bound to attract interest from traders, developers, and crypto enthusiasts keen to explore the potential of this innovative blockchain network.
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