Neutron (NTRN) is a cross-chain smart contract platform in the Cosmos ecosystem.
Neutron allows developers to easily build cross-chain applications via the Inter-Blockchain Communication Protocol (IBC) and provides DeFi dApps with the full economic security of Cosmos Hub.

NTRN is Neutron’s native token. Current use cases for NTRN include:
Network Fees: Pay transaction fees on the network.
Governance: NTRN token holders control network parameters and finances through governance.
DeFi: NTRN can be used as a liquidity, collateral, and reward token throughout the DeFi ecosystem.

The protocol consists of the following major components working together:
Replication Security: A mechanism that allows ATOMs to be staked on the Cosmos Hub while securing the Neutron network via IBC.
Cosmos SDK Blockchain: A framework for building sovereign blockchains. Neutron implements various custom modules to enable smart contracts to build cross-chain applications.
Inter-chain Query Module: Allows smart contracts to retrieve data from other blockchains without permission.
Inter-chain transaction module: allows smart contracts to register and control accounts on other blockchains, execute transactions, track their status and perform callbacks.
CRON module: allows governance to register arbitrary messages for execution at regular block intervals.
IBC Protocol: The Inter-Blockchain Communication Protocol is a standardized interoperability protocol used to connect an expanding ecosystem of more than 50 blockchains.
CosmWasm: A high-performance WASM virtual machine for protecting Rust smart contracts.
Tendermint: A scalable Byzantine fault-tolerant consensus protocol.

The project has completed a US$10MM seed round of financing led by Binance Labs and co-led by Coinfund, of which approximately 11.00% of the total supply of NTRN tokens was sold at a price of US$0.09/NTRN.