You Can Earn Neutron (NTRN) Tokens on Binance by Staking BNB or Stablecoins

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.

#Binance will list @Neutron_org $NTRN with Seed Tag applied.

➡️ https://t.co/IgKRF0dMKG pic.twitter.com/W7vTzjebKL

— Binance (@binance) October 10, 2023

What is Neutron (NTRN)?

If you want to earn Neutron tokens, the first thing you’ll need is a Binance account.

Create Binance Account

Neutron is a crypto project that’s building in the Cosmos blockchain ecosystem. The project is creating a smart contract platform that derives its security from the Cosmos Hub, which is the main chain in the Cosmos network of blockchains. 

Notably, Neutron is the first blockchain on Cosmos that’s secured through the Interchain Security feature. This means that it will benefit from the security provided by Cosmos Hub validators. 

The Neutron platform will make it possible for developers to create decentralized applications that can be deployed on any blockchain that supports the IBC (Inter-Blockchain Communication) protocol without needing to customize their application for each blockchain they want to deploy it on. 

NTRN is the native token of the Neutron blockchain, and serves a number of different roles. It is used for paying transaction fees, governance and can also be used in DeFi applications as either a liquidity, collateral or reward token. 

Neutron has received backing from several notable venture capital investors, including the likes of Binance Labs, CoinFund and Delphi Ventures.

How to earn NTRN tokens on Binance?

Please keep in mind that only users who complete an identity verification process with Binance are eligible to participate in CyberConnect token farming on Binance Launchpool.

Once your account is ready, you’ll need some BNB, TUSD or FDUSD tokens to stake. If you already own these tokens, you can deposit some to your Binance account. Otherwise, Binance offers plenty of ways of buying these tokens with either crypto or fiat.

After your account is verified and loaded up with some BNB, TUSD, and/or FDUSD, head over to the menu on the top side of the Binance interface and select “Earn”. Then, go to “Launchpad”.

Then, scroll down to the “Launchpool” section, and you’ll be able to find the available NTRN farming pools. Depending on which tokens you want to stake, select the TUSD Pool, FDUSD Pool, or BNB Pool. Then, follow the instructions provided by the exchange.