Neutron Opens NTRN Redemption Program Tied to USDC Burn Mechanism
NTRN holders can deposit tokens from April 1 to April 30 to receive a proportional share of a USDC pool, while foundation-held tokens are excluded and set to be burned.
USDC
Summary
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Terms & Concepts
Token burn: The permanent removal of tokens from circulation, typically by sending them to an unusable address.
USDC: A U.S. dollar-pegged stablecoin designed to maintain a value close to $1 per token.
Redemption: A process that lets token holders exchange an asset for a corresponding share of another asset or reserve pool.