Hello Binancian:
Binance is excited to announce project 38 on Binance Launchpool: Neutron (NTRN). Neutron allows developers to easily create cross-chain applications via the Inter-Blockchain Communication (IBC) protocol and provides DeFi dApps with all the economic security of Cosmos Hub. It is estimated that the website will be available within 4 hours, before the Launchpool begins.
Starting October 11, 2023 at 00:00 (UTC) and for 20 days, users will be able to stake BNB, TUSD, and FDUSD in separate pools to farm NTRN tokens.
Neutron Launchpool Details:
Token name: Neutron (NTRN)
Total and maximum token supply: 1,000,000,000 NTRN
Launchpool Token Rewards: 20,000,000 NTRN (2.00% of total token supply)
Initial circulating supply: 217,112,292 NTRN (21.71% of total token supply)
Explorer: https://www.mintscan.io/neutron
Terms of staking: KYC is required
Fund limit per hour, per user:
3,333.33 NTRN in the BNB pool
416.67 NTRN in TUSD pool
416.67 NTRN en el pool de FDUSD
Supported pools:
BNB Staking (website will be live in about 4 hours): 16,000,000 NTRN in rewards (80%)
TUSD Staking (webpage will be live in about 4 hours): 2,000,000 NTRN in rewards (10%)
FDUSD Staking (webpage will be live in about 4 hours): 2,000,000 NTRN in rewards (10%)
Farming period: from October 11, 2023 at 00:00 (UTC) to October 30, 2023 at 23:59 (UTC)
NTRN farming distribution
Read our research report on Neutron (NTRN) here. It will be available 30 minutes after this announcement is published.
Please note the following:
Snapshots of user balances and total pool balances will be taken multiple times and at any time during each hour to obtain users' average hourly balances and calculate their rewards. User rewards will be updated every hour.
Users will be able to accumulate their rewards (which are calculated every hour) and claim them directly to their spot accounts at any time.
The annual percentage yield (APY) of each pool and the total balance of the pools will be updated in real time.
Tokens can only be staked in one pool at a time. For example, User A will not be able to stake the same BNB in two different pools at the same time, but he can allocate 50% of his BNB in pool A and 50% in pool B.
Users will be able to stop staking their funds at any time without delay, meaning they will be able to immediately participate in any other pools that become available.
Staked tokens in each pool and unclaimed rewards will be automatically transferred to each user's spot account at the end of each farming period.
Binance's BNB Vault will support the NTRN Launchpool. Users who staked their BNB in BNB Vault will automatically participate in the NTRN Launchpool and receive NTRN rewards daily in their Spot wallets.
If there is more than one Launchpool project running simultaneously, users' BNB in BNB Vault will be split and allocated to each project equally, unless otherwise specified.
BNB staked in the Launchpool will provide users with standard BNB holding benefits, such as airdrops, Launchpad eligibility, and VIP benefits.
Project links
Website: https://neutron.org
Whitepaper: https://docs.neutron.org
Twitter: https://twitter.com/Neutron_org
Discord: https://discord.com/invite/zRT2ZkQsxA
Telegram: https://t.me/neutron_community
Participation in the Launchpool is subject to eligibility based on the user's country or region of residence.
The list of excluded countries provided below is not exhaustive and may be subject to change due to evolving local rules and regulations or other considerations.
Users must complete account verification and live in a supported jurisdiction to participate in NTRN farming.
Currently, users in the following countries or regions will not be able to participate in NTRN farming: Belarus, Canada, Cuba, Crimea, Democratic Republic of the Congo, Iran, New Zealand, Netherlands, North Korea, South Sudan, Syria, United States of America and its territories (American Samoa, Guam, Puerto Rico, Northern Mariana Islands and the United States Virgin Islands), Zimbabwe.
This list may be updated periodically based on legal, regulatory changes or other factors.
Thanks for your support!
The Binance Team
10/10/2023
