Neuron Pool has rolled out support for minting and redeeming NTC, a new utility token backed 1:1 with Internet Computer cycles. Each NTC represents one trillion cycles, making it a straightforward way for developers and users to handle on-chain compute resources more flexibly.
The update allows users to both create (mint) and exchange (redeem) NTC directly within the Neuron Pool platform. According to the team, the move is aimed at improving usability and making it easier to manage cycle balances without relying on third-party services or tools.
The Internet Computer ecosystem uses cycles as fuel for computation, similar to how gas works on other blockchains. While cycles themselves aren’t tradable outside of the ecosystem, NTC provides a wrapper that enables more seamless interactions. Developers can now hold, transfer, and plan for infrastructure costs using a stable, tokenised format.
This kind of abstraction could prove useful as more projects seek predictable and user-friendly ways to manage their resources on the Internet Computer. With the mint and redeem vectors now live, Neuron Pool users have another tool at their disposal to support day-to-day development and deployment workflows.
Details and access to the updated functionality can be found through the Neuron Pool interface.
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