The world’s largest crypto exchange by trading volume, Binance, announces plans to launch a new altcoin built within the interoperable blockchain ecosystem Cosmos (ATOM).
According to a new one announcementBinance plans to list Neutron (NTRN), a project that aims to be a “cross-chain smart-contracting platform.”
As Binance says:
“Neutron enables developers to easily build cross-chain applications via the Inter-Blockchain Communication Protocol (IBC) and provides DeFi (decentralized finance) dApps (decentralized applications) with the full economic security of the Cosmos Hub.”
Binance supports spot trading pairs for NTRN, including NTRN/USD, NTRN/BTC, and NTRN/BNB.
According to the announcement, a Seed tag will be applied to NTRN. Binance says that Seed-tagged tokens require users to take quizzes every 90 days to ensure they are aware of the risks before trading the tokens. The new system will replace Binance’s “Innovation Zone,” which was reserved for newer projects that may have higher volatility and lower liquidity.
“The Seed Tag will replace the Innovation Zone and be applied to all tokens currently listed in the Innovation Zone, as well as future listings representing innovative projects that may exhibit higher volatility and risk compared to other listed tokens.”
At the same time, Binance announced that NTRN would be featured in Binance’s Launchpool.
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Featured image: Shutterstock/tanatpon13p