The world’s largest crypto exchange by trading volume, Binance, is announcing plans to list a new altcoin built within the interoperable blockchain ecosystem Cosmos (ATOM).

According to a new announcement, Binance is planning to list Neutron (NTRN), a project that aims to be a  “cross-chain smart-contracting platform.”

As stated by Binance,

“Neutron allows developers to easily build cross-chain applications over Inter-Blockchain Communication Protocol (IBC) and provides DeFi (decentralized finance) dApps (decentralized applications) with the full economic security of the Cosmos Hub.”

Binance will support 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 tokens with a seed tag will require users to pass quizzes every 90 days to ensure they’re 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 that represent innovative projects that may exhibit higher volatility and risks compared to other listed tokens.”

At the same time, Binance announced that NTRN would be featured in Binance’s Launchpool.

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Author: Daily Hodl Staff

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