This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Neutron?

Neutron (NTRN) is a permissionless smart contract platform built using Tendermint and the Cosmos SDK. It enables inter-chain smart contract deployment and supports CosmWasm, Replicated Security, and the Inter-Blockchain Communication (IBC) protocol. This allows developers to create cross-chain applications with enhanced security and interoperability features.

How is Neutron used?

Neutron (NTRN) is a secure permission-less smart contract platform that offers enhanced security and interoperability. It is built using Tendermint and Cosmos SDK, allowing developers to deploy smart contracts that can seamlessly scale across a network of over 50 independent blockchains connected through the Inter-Blockchain Communication (IBC) framework.

Key Features and Uses
  • Interchain DeFi: Neutron enables developers to create smart contracts that can be deployed across multiple blockchains, facilitating cross-chain asset transfers and the execution of multi-chain smart contracts within the Cosmos ecosystem.
  • Customizable Interchain Queries (ICQ): Neutron allows developers to create ICQs using smart contracts, enabling secure data retrieval from other blockchains.
  • Payment and Governance: The NTRN token serves as a payment instrument, participates in governance, and is a foundational asset in DeFi applications.
  • Security and Speed: Neutron relies on the Tendermint consensus algorithm for security and high transaction throughput.
  • Modularity and Flexibility: The Cosmos SDK provides a modular framework, enhancing flexibility and ease of development while minimizing vulnerabilities.
Market and Adoption
  • Market Capitalization: As of November 29, 2023, Neutron had a market capitalization of over $100 million and a daily trading volume of nearly $20 million.
  • Price Performance: The NTRN token has shown consistency in its price, with a significant surge in early November 2023 and a 66% increase from its early November price.
  • Adoption: Neutron has been increasingly adopted by multichain apps in the Cosmos ecosystem, strengthening the use value of the NTRN token.
Founding and Team
  • Founding: Neutron was founded in 2023 by a team led by Avril Duthiel, a former Lido DAO (LDO) community manager.
  • Consensus Mechanism: Neutron uses a Proof-of-Stake (PoS) consensus mechanism, where validators add blocks to the blockchain and validate transactions based on their NTRN holdings.

Overall, Neutron is designed to bridge the gap between different blockchains, providing a robust and secure platform for developers to build and deploy decentralized applications.

How do I store Neutron?

To store Neutron (NTRN) tokens, you have several options:

  1. KuCoin Account: You can hold your Neutron tokens in your KuCoin account. This provides quick access to trading products like spot and futures trading, staking, and lending. KuCoin serves as the custodian of your crypto assets, ensuring security and convenience.

  2. Non-Custodial Wallets: For enhanced security, you can withdraw your Neutron tokens to a non-custodial wallet. This grants you complete control over your private keys. You can use various types of wallets, including hardware wallets, Web3 wallets, or paper wallets. However, this option may be less convenient for frequent trading or staking.

  3. Trust Wallet: You can also store your Neutron tokens in Trust Wallet, which allows you to securely manage your tokens and participate in the Neutron ecosystem.

How to buy Neutron?

To buy Neutron (NTRN) tokens, follow these steps:

  1. Create an Account on a Crypto Exchange:

    • Choose a reputable exchange such as Binance, KuCoin, CoinEx, gate.io, or MEXC.
    • Register with your email address, mobile number, and country of residence.
    • Set a strong password and complete any necessary identity verification steps.
  2. Fund Your Account:

    • Deposit fiat currency using methods like credit/debit cards, bank transfers, or third-party payment services.
    • Alternatively, transfer existing cryptocurrencies from another wallet or exchange to your new account.
  3. Buy Neutron (NTRN):

  • Navigate to the exchange's Buy & Sell section.
  • Choose Neutron (NTRN) as the cryptocurrency you want to buy.
  • Select your preferred order type, such as Market Order, Limit Order, or Stop Order.
  1. Transfer to a Wallet:

    • After purchasing, you can either hold Neutron (NTRN) in your exchange account or transfer it to a personal cryptocurrency wallet for added security.
    • Consider using a cold wallet, such as a hardware wallet or paper wallet, for long-term storage.
  2. Monitor and Manage Your Investment:

    • Keep track of your Neutron (NTRN) investment performance and adjust your strategy as needed.

Remember to research each exchange, compare fees, and ensure they support your country and preferred payment methods before making a purchase.

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History of Neutron

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How Neutron works

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Neutron's strengths

Neutron's risks

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