Planned Updates to Neutron and Polygon Networks

According to Binance, the Neutron (NTRN) network will be updated on February 12, 2025, when the block height reaches 19,947,000. To ensure a smooth update, Binance will temporarily suspend deposits and withdrawals on the Neutron network on February 12 at 16:00 BST (13:00 UTC).

Similarly, the Polygon (POL) network will be updated on February 13, 2025, when the block height reaches 22,393,043. Deposits and withdrawals on the Polygon network will be halted on February 13 at 12:00 a.m. PT (09:00 UTC).

How Will It Affect Binance Users?

Binance stated that trading will continue as normal during the updates and that users’ assets are safe. The platform said that deposits and withdrawals will be reopened once the network upgrades are complete and verified as stable, but no further announcements will be made.

Cryptocurrency exchanges are trying to support updates to their blockchain networks to ensure smooth trading for users. Binance also stated that it will undertake the technical requirements and manage the processes without any user intervention.

While these developments are stated to increase the security and performance of both networks, users are advised to be prepared for possible interruptions during updates.

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One of the world’s leading cryptocurrency exchanges, Binance, has launched margin trading for Neutron, the 38th Launchpool project. Neutron (NTRN) can now be borrowed on the Binance Margin platform and investors can benefit from NTRN margin pairs.

You may be interested: What is Neutron Token? What is NTRN Used For?

This update not only presents NTRN as a borrowable asset, but also introduces new trading pairs in both Cross Margin and Isolated Margin.

New Cross Margin Pair:

• NTRN/USDT

New Isolated Margin Pair:

• NTRN/USDT

Binance expects this move to strengthen the trading options offered to its users, further diversify their portfolios, and provide opportunities for strategic margin trading with NTRN.

Margin trading is a popular strategy in the cryptocurrency market and allows investors to increase their position sizes and potentially increase their profits by borrowing funds.

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The post Binance Starts of Margin Trading for Neutron (NTRN)! appeared first on Coin Engineer.

Related: Neutron (NTRN) will be listed on Binance.

What is Neutron Token?

Neutron is an inter-chain smart contract platform. Moreover, this platform offers complementing features addressing the main problems faced by multi-chain protocols; lack of security, reliable neutrality, ecosystem compatibility, and inter-chain substructure deficiency. This allows developers to deploy their applications only once, without having to manage their protocols with multiple custom versions.

Neutron Ecosystem

There are many DApps in the Neutron ecosystem.

Tokenomics

The maximum supply of Neutron token is 1 Billion and supply cannot be increased.

• Founders have a 23% supply. These tokens will be under the lock for one year, gradually open for three years, and no voting rights during the transfer restrictions period.
• Early backers have a 11% supply. Also, these tokens will be under the lock for one year, gradually open for three years, and have voting rights during the period of transfer restrictions.
• Community has a 12% supply. Also, these tokens are allocated to the community through Neutron’s airdrop and launch event.
• Neutron DAO has a 54% supply. Also, users will use these tokens for project development.

The Supporters of Neutron

NTRN has received investment from companies like Binance Labs, CoinFund, Delphi Ventures, and ChainLayer.

Neutron Market Data

• Current Price: $0.4849
• Current Market Value: $105,245,998
• Current NTRN Token Price: $0.2522
• 24-hour trading volume: $11,558,230

The circulating supply of NTRN Token, which has a total supply of 1,000,000,000, is currently 217,112,292. Thus, this corresponds to 21% of the total supply.

Where And How To Buy NTRN Token?

Neutron Token is current on many major cryptocurrency exchanges. Besides, the easiest way to buy NTRN Token is from the Binance exchange.

In the comment section, you can freely share your comments about the topic. Additionally, don’t forget to follow us on Telegram, YouTube, and Twitter for the latest news and updates.

The post What is Neutron Token? What is NTRN Used For? appeared first on Coin Engineer.

Also, the new spot trading pairs will be available on Binance as NTRN/BTC, NTRN/USDT, NTRN/BNB.

Besides, withdrawal operations for NTRN will begin at 15:00 on October 11, 2023. Furthermore, Binance will add NTRN as an Isolated Margin pair within 48 hours from October 10, 2023.

What is Neutron (NTRN), which Binance has announced it will list?

Neutron is an interchain smart contract platform. This platform focuses on three main challenges faced by multi-chain protocol centers: Lack of security, lack of reliable neutrality, and lack of ecosystem compatibility with interchain infrastructure shortage.

In this framework, Neutron enables developers to deploy their applications once and scale them on the IBC network, consisting of interconnected blockchains, without grappling with multiple private versions of their protocols.

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This approach allows investors to reach a broader market and benefit from the full feature set of the Interchain via a single, permissionless distribution. In short, Neutron offers a platform that allows developers to spread a broader impact area. Also, it permit to benefit from all Interchain advantages without a single permission.

If you have no account on Binance, you can register with our registration link with a 20% commission discount.

You can freely share your thoughts and comments about the topic in the comment section. Additionally, please don’ t forget to follow us on our Telegram, YouTube and Twitter channels for the latest news.

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