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Ronin is an EVM blockchain designed by Sky Mavis (Axie Infinity) studio and has the highest NFT volume after Ethereum, with over $4 billion in NFT trading volume.
You might like: Binance Will List Ronin (RON)
In addition, in 2021, the project covered 15% of the total market NFT trading volume. In addition, the project allows millions of transactions to be carried out smoothly and scalably within the game.
Also, the project is rising to a good position in Web3 games by making transactions fast and with very low fees.
What are the Features of Ronin?
Scalability: It hosts millions of users per day despite many blockchains and stands out as the only platform that has scaled a single game.
Security: The “Ronin Validator Breach” in 2022 resulted in the theft of 173,600 ETH and 25.5 million USDC. Therefore, the project creator Mavis studio, together with experts, took strict internal security measures and provided optimized high security.
High Optimization for Games: The project eliminates problems such as spam encountered by other blockchains. It also offers high quality applications and runtimes.
How is the Ronin Consensus Mechanism?
Thanks to the Proof of Authority (PoA) consensus, the Validator network protects the network and transactions on the network. (The task of the validators is to add newly created blockchains to blocks.) In addition, validators were granted the right to add new validators or remove existing ones by majority vote, which puts the project in a reliable position.
The Delegated Proof of Stake (DPoS) consensus has increased decentralization by showing that anyone can be a validator. In other words, any user with a certain amount of RON tokens can become a Validator by joining the network. Thanks to this mechanism, token owners will be able to freely delegate their own shares to the Validators they want. In addition, both users and validators will share network rewards.
In addition, RON staking will apply ‘slashing’ rules to prevent abuse. Thus, the purpose of Slashing is to punish validators who do not produce new blocks and try to make fraudulent transactions.
You can go to the staking page by clicking here to earn rewards by staking RON.
Ron Project Team and Developers
Jeffrey Zirlin and Alexander Leonard Larsen developed Ron Network at Sky Mavis game studio.
Alexander Leonard Larsen is the co-founder of Axie Infinity and the COO of Ronin.
Jeffrey Zirlin is the creator of Axie Infinity and co-founder of Sky Mavis.
Tokenomics
The RON token is the native token of the Ron Network ecosystem. The RON token also offers users opportunities such as staking, paying transaction fees, and earning rewards from validators.
-Total Supply: 1,000,000,000
-Circulating Supply: 293,226,714
In addition, the RON token distribution was made as follows:
- Team (30%)
- Community (30%)
- Staking rewards (25%)
- Ecosystem Fund (15%)
Ronin (RON) Market Data
Where to Buy?
Binance exchange announced that it will list RON Token. In addition, you should register with the exchanges with lifetime discounted links by clicking on our Coin Engineer Special Discount links to not miss this opportunity.
Listed Exchanges