Neutron is a blockchain platform designed to support smart contracts, self-executing computer programs that run automatically when predefined conditions are met. It operates as a secure CosmWasm platform within the Cosmos ecosystem, utilizing cutting-edge Interchain technology with minimal overhead.
Thanks to its support for smart contracts and inter-blockchain communication, the Neutron network is commonly used for developing decentralized applications (dApps) and DeFi (Decentralized Finance) applications.
Neutron is an interesting cryptocurrency for those interested in developing decentralized applications and utilizing smart contracts in a secure and interoperable blockchain environment.
NTRN is the native crypto asset of the Neutron ecosystem. It can be staked on the network to become members of the Neutron DAO and be actively involved in the platform's governance.
Here’s how the Neutron blockchain network works:
Neutron operates as a secure CosmWasm platform within the Cosmos ecosystem. These contracts can be used for a wide range of applications, from DeFi to gaming.
Neutron prides itself on being one of the most secure platforms for smart contracts in the Cosmos network. It uses Interchain Security, which enhances the overall security of the platform.
Neutron leverages Interchain technology, allowing seamless communication and interoperability between different blockchains. This significant feature enables developers to build cross-chain applications that can interact with various blockchain networks.
According to the Neutron whitepaper, the total supply of NTRN is fixed at 999,999,923 tokens. The token distribution of NTRN crypto is as follows:
> Treasury: 27%
> Reserve: 24%
> Team: 23%
> Investors: 11%
> Other: The remaining allocation goes to other purposes or participants.
The Reserve tokens are vested based on on-chain activity. This means that the release of these tokens is dependent on specific blockchain events, such as tokens being burned while processing block fees. The more tokens are burned, the more tokens from the Reserve are unlocked.
NTRN is the native token of the Neutron network and has the following use cases:
NTRN is used to interact with and execute smart contracts on the Neutron platform. NTRN is essential for deploying and utilizing these contracts. $ NTRN is also used to power dApps within the Neutron ecosystem.
Neutron leverages interchain technology, and NTRN plays a key role in facilitating cross-chain operations. This allows NTRN to be used in inter-blockchain communication, expanding its utility beyond a single blockchain.
You can stake NTRN to participate in the Neutron network's governance. As a staker, you could have a say in decision-making processes related to the Neutron platform.
You can trade Neutron crypto on various cryptocurrency exchanges, including the KuCoin Spot Market. Buy, sell, and trade NTRN token in the open market to profit from changing market conditions and volatility, but only after you DYOR.
Period | Change | Change (%) |
---|---|---|
Today | $0.0463 | 9.74% |
7 Days | $0.0697 | 15.29% |
30 Days | $0.1325 | 33.67% |
3 Months | $0.0964 | 22.46% |
Here are some considerations to think about before investing in $NTRN crypto:
Neutron's utilization of cross-chain smart contract technology allows it to connect and scale across a network of 50+ blockchains through Inter-Blockchain Communication (IBC). This versatility provides a broad scope for deploying and integrating smart contracts on multiple interconnected blockchains, enhancing accessibility and interoperability.
Neutron has seen increasing adoption by multichain apps within the Cosmos ecosystem. This adoption indicates the platform's value and potential as a key gateway connecting Cosmos to external blockchain networks. As Neutron's relevance grows within the ecosystem, its investment potential also strengthens.
Neutron offers a secure and permissionless smart contract platform built using Tendermint and Cosmos SDK. This architecture underscores its commitment to security and innovation, potentially attracting developers and users seeking a robust and reliable platform for decentralized applications.
Neutron has gained stakeholder confidence, as evidenced by Astroport stakers voting to migrate governance and staking to Neutron. Additionally, assets worth over $30M were deposited in Astroport's Neutron liquidity pools, representing a substantial portion of the total value locked on the platform. This trend showcases growing interest and participation, potentially contributing to the token's investment value.
While we cannot provide a precise NTRN price prediction over any timeframe, you could monitor the following factors to understand the price trends in Neutron crypto:
Wider adoption of the Neutron platform and its use in real-world applications, such as DeFi and smart contracts, can increase demand for NTRN, supporting the Neutron crypto price.
Upgrades, partnerships, and advancements in Neutron's technology can enhance its value. Improvements in security, scalability, and functionality can be bullish factors that boost the NTRN price.
Broader market conditions, including trends in the cryptocurrency market, Bitcoin's performance, and macroeconomic factors, can influence the price of Neutron coin.
Follow these steps to claim NTRN airdrop:
1. Prepare Your Wallet: Install a compatible crypto wallet like Keplr or Trust Wallet. You'll need ATOM (from Cosmos Hub) or axlUSDC to pay transaction fees. Send a small amount of tokens to your wallet to make the blockchain aware of your wallet's existence. You can send ATOM or USDC via TFM’s IBC-Bridge, send USDC over Axelar, or send ATOM from Cosmos Hub over IBC.
2. Visit the Neutron Token Generation Event Page: Once your wallet is set up and funded, visit the Neutron Token Generation Event page.
3. Connect Your Wallet: On the Neutron Token Generation Event page, click on the designated field to connect your wallet. You'll need to authorize the connection.
4. Review Airdrop Information: Scroll down to the "Airdrop" section to find information about your airdrop eligibility, including the number of tokens to be claimed, whether the tokens have been claimed yet, the vesting schedule for the tokens, and the time remaining before unclaimed tokens are clawed back.
5. Check Your Eligibility and Claim the Airdrop: If you're eligible, a "Claim" button will be available. You have three months from the airdrop date to claim your tokens.
6. Sign and Confirm the Transaction: Click on the "Claim" button to be prompted to sign the transaction through your connected wallet. Review the details and fees, and confirm the transaction to proceed.
7. Monitor the Transaction Status: A pop-up will appear, displaying the transaction’s processing status. Once the transaction is completed, the pop-up will show either a success or failure message.
8. Verify Your Claim: If your claim is successful, the "Claim" button will be replaced with a message or checkmark indicating that your tokens have been claimed. You can also check your wallet balance to confirm that the NTRN tokens have been transferred.
9. Unlock Airdropped Tokens Faster Through the Lockdrop: To unlock airdropped tokens faster, consider participating in the lockdrop. For each token earned as a reward in the lockdrop, you can claim 1 airdropped token without vesting.
Neutron’s backers include Binance Labs, CoinFund, Delphi Ventures, Nomad Capital, ChainLayer, Semantic, Swiss Staking, DSRV, and Chorus One.
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