Neutron is the 38th project on Binance Launchpool, which is expected to become an attractive home for new generation DeFi and cross-chain Dapps. So what is really special about this project, what is its potential?

Let's learn details about the Neutron project through the article below!

What are neutrons?

Neutron is a special blockchain system, specifically for developers who want to create cross-chain Dapps, applications that run on many different blockchains. With Neutron, the project can connect and use 50+ blockchains easily, thereby reaching more users.

The development of Neutron is expected to bring a new DeFi era to the Cosmos ecosystem. This is being done by allowing projects to leverage the power of a range of new technologies such as Interchain Accounts (ICA), Interchain Queries (ICQ), CosmWasm smart contracts and modular governance. In particular, ICA allows the project to perform operations on many different blockchains on Cosmos through a single interface, while ICQ allows developers to securely query cross-chain data.

Neutron's special feature

Neutron is the first Layer 1 blockchain network secured by Interchain Security - one of the most important features of the Cosmos ecosystem. With Interchain Security, Neutron can take advantage of Cosmos Hub's extremely powerful validator system instead of having to build a separate validator system that is complicated and expensive like other Layer 1 blockchains. Therefore, Neutron really stands out with some of the following special features:

  • Security: Neutron helps make applications more secure at little cost through Interchain Security. Neutron also uses CosmWasm, a smart contract platform using the Rust language, which is better at protecting applications from threats than the Solidity language on Ethereum. This reduces the risk of attacks that common applications face. Neutron is currently also the blockchain with the best security level on the Cosmos ecosystem.

  • Cross-chain interoperability: With Neutron, smart applications can securely interact with accounts on other blockchains. This means you can make transactions, receive responses, get data from other blockchains without having to worry about security.

  • Cost optimization: To build applications on Neutron, developers benefit from using standard tools, many available compilers and libraries for the Rust programming language. Rust is a secure and high-performance language widely used today.

Neutron ecosystem

Neutron ecosystem

Astroport is an example of a cross-chain Dapp that will be built on Neutron. Astroport was initially a blockchain protocol operating solely on Terra but has now expanded to other networks such as Neutron, Injective and Sei Network. As a next-generation AMM DEX, Astroport leverages the power of the Neutron network to create a unified, cross-chain experience and support cross-chain governance, token transfers, and fee collection. The $ASTRO token has been x nearly 20 times in recent times. Additionally, other projects that have integrated Neutron include:

  • Lido: the number 1 LSDs platform today.

  • Mars Protocol: Lending project

  • Catalyst: cross-chain AMM 

  • Pulsar Finance: cross-chain asset portfolio management application

  • Amulet Finance: profit-seeking and risk management platform

  • Coinhall: real-time price analysis and chart tracking platform for every token pair

  • Celaton: blockchain explorer.

Besides, longtime platforms such as DAODAO, Timewave and Gitcoin also provide this ecosystem with many useful tools and features.

Development team, investors and partners

Development team

Currently, information about Neutron's development team has not been disclosed. I will update the article as soon as I have information.

Investors and partners

The project successfully raised $10 million in funding from Seed Round, led by Binance Labs and Coinfund, approximately 11.00% of the total NTRN token supply was sold at 0.09 USD/NTRN. In addition, the project also receives support from a series of names in other industries.

Information about NTRN token

Key Metrics

  • Ticker: NTRN

  • Total Supply: 999,992,663

  • Max supply: 1,000,000,000 

  • Circulating supply: 218,574,253 (21,86% total supply)

  • Year of establishment: 2022

  • Mainnet: May 2023

  • IEO (Binance Launchpool): 11- 30/10/2023

  • TGE: 10/10/2023

Token Allocation

NTRN token allocation:

  • Binance Launchpool - 2%

  • Investors - 11%

  • Team - 23%

  • Advisors - 1%

  • Airdrops - 7%

  • Treasury - 27%

  • Reserve - 24%

  • Liquidity Bootstrap - 5%

It can be seen that the project allocates the majority of tokens to Reserve and Treasury, often tokens from these "pools" will be used to develop the ecosystem. Notably, the number of tokens for Teams and Investors is quite large, accounting for 34% of the tokens. This is information investors need to pay attention to, please carefully monitor the vesting schedule of this token to make the most effective investment decisions.

NTRN token release schedule

Vesting schedule 49% NTRN tokens

  • Circulating supply at the time of listing Binance was 217,112,292 NTRN (21.70% of total token supply).

  • The Airdrop token portion was paid in August 2023, while the Liquidity Bootstrap token portion is being paid in monthly installments and will officially be paid off in May 2024.

  • The token portion for Investors - Team - Advisors will start to be paid in June 2024. In particular, Investors and Teams will be paid off in May 2027, Advisors in May 2025.

  • Note, the chart above provides a release schedule for 49% of the tokens, with the remaining 51% allocated to the Treasury (27% is governed by the DAO, 10% of which have been voted on to be transferred to the Foundation). and Reserve (24%, will be unlocked based on on-chain activity).

Token Use Cases

NTRN token has main use cases including:

  • Network Fees: Pay transaction fees online.

  • Governance: Holder NTRN has the right to participate in ecosystem governance through DAO

  • DeFi: NTRN can be used to provide liquidity, collateral, and rewards in the ecosystem.

Roadmap

Important milestones achieved:

  • November 10, 2022: Launch Quark testnet.

  • November 22, 2022: Launch ICS testnet: Game of Chains

  • December 7, 2022: Announcement of successful audit results by OAK.

  • February 8, 2023: Launch Baryon testnet

  • May 2023: With more than 90% approval votes from the Cosmos Hub community, Neutron officially becomes the first blockchain to launch Replicated Security.

  • May 11, 2023: Neutron announced the mainnet launch.


summary

As a project that marks the beginning of the Atom Economic Zone (AEZ), including Cosmos Hub and closely linked blockchain chains around the center to jointly strengthen the ecosystem, Neutron has extremely many advantages to develop. develop in the near future. I believe that 2024 will be the year of HST Cosmos and Neutron will be one of the brightest names, expecting billion dollar capitalization and huge profits with this project. Above is all the useful information that I want to send to everyone today.

Through this article, how do you evaluate Neutron's potential? Will DeFi on Cosmos really explode with Neutron's vision? Don't forget to leave a comment below to share your opinion with me!