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Market Cap:
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% 1.16
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Bitcoin:
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BTC Dominance:
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Market Cap:
$3.14 T

Ronin (RON) Treasury Makes Historic Move Starting September 29

ronin token

Ronin Treasury announced it will begin buying back approximately 1.3% of RON’s circulating supply starting September 29. Over the course of one month, the treasury will convert its 890 ETH and 650,000 USDC entirely into RON. This initiative aims to strengthen the ecosystem and support RON’s long-term value. 

Treasury and Fund Structure 

Over the past four years, the treasury has accumulated millions of dollars in tokens through various ecosystem revenue streams, including: 

  • 0.05% fee from Katana DEX trades, 
  • 0.5% commission from Ronin Market trading volume, 
  • 30% share from Ronin Name Service (RNS) registration and renewal fees, 
  • Gas fees generating approximately 3 million RON annually. 

As of now, the treasury holds around $5 million in assets, with only 12% in RON or wRON. The new buyback program will significantly increase the treasury’s RON holdings. 

Importance of the RON Buyback Program 

The planned buybacks will not only balance the token economy but also reduce circulating supply, creating a deflationary effect. This move is expected to support RON’s value for long-term investors and Web3 users alike. 

Additionally, the program sends a strong signal regarding Ronin’s future Layer-2 transition on Ethereum. The team emphasizes confidence in RON’s future and their growth-oriented strategy. 

Ecosystem and Market Impact 

Throughout the buyback process, all transactions will be executed on-chain through third-party market makers. This approach ensures transparency and adds new transaction fees to the ecosystem. 

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

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