The popular cryptocurrency exchange Binance has announced Neutron as the next project featured on their Binance Launchpool staking platform.
Until October 30, you can earn Neutron (NTRN) tokens on Binance simply by staking your BNB or the TUSD and FDUSD stablecoins. You can withdraw the coins you’ve staked at any time and keep the NTRN rewards.
You can earn NTRN on Binance Launchpool between October 11 and October 30. The amount of token rewards you earn will depend on how many coins you stake.
Earn NTRN Tokens on Binance
Binance plans to distribute 2% of the total NTRN token supply to users on Launchpool. This translates to 20 million NTRN tokens out of a total supply of 1 billion tokens.
16 million NTRN will be distributed to BNB stakers, while the TUSD and FDUSD staking pools will have 2 million NTRN tokens each. However, this doesn’t necessarily mean that you will earn more NTRN tokens if you stake BNB rather than the stablecoins. It all depends on how big the size of your stake is relative to the size of the entire staking pool.
In addition to featuring the Neutron project on its Launchpool platform, Binance has also listed the NTRN token for trading on the Binance exchange. The token is now available in trading pairs against BTC, USDT and BNB.
Notably, Binance has listed NTRN with the “Seed Tag”, which is used to label crypto projects that are still very early in their development. Cryptocurrencies with this tag were previously known in the “Innovation Zone”. The purpose of the Seed Tag is to let users know that the cryptocurrency might be more volatile and risky compared to most other cryptos listed on the exchange.
