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What is Ronin (RON)?

Ronin basic info

Name:Ronin

Ticker:

RONBuy now

Introduction:

There's an EVM-based blockchain designed specifically for play-to-earn games called Ronin, and it has gained significant traction in just nine months. Ronin boasts impressive statistics, such as 250,000 unique daily active addresses, $5 billion in TVL, over 2 million wallet downloads, and 15% of all NFT transactions on the market. Among its features, the DEX Katana ranks second among decentralized exchanges in terms of weekly active users and facilitates token swapping within the Axie Infinity ecosystem.

Who Are the Founders of Ronin?

The team behind Ronin is comprised of notable figures in the gaming and blockchain industries? Sky Mavis, the technology-focused game studio responsible for Ronin, was founded by Jeffrey Zirlin, a Yale graduate with four years of experience building Sky Mavis, and Alexander Leonard Larsen, a co-founder of both Sky Mavis and Axie Infinity, with a background in blockchain dating back to 2017. Larsen has also led multiple investment rounds for the company.

What Makes Ronin Unique?

Ronin is a game-changer for the gaming industry, offering several benefits that set it apart from the rest. Firstly, it provides fast and cost-effective transactions, making it ideal for games like Axie that require frequent confirmation. Secondly, users can withdraw assets easily, allowing players to benefit from the profits they earn and swap tokens to other cryptocurrencies. Thirdly, Ronin offers an easy onboarding process for new users, with a fiat on-ramp and a native wallet, making it accessible to new players and cryptocurrency newbies alike. Sky Mavis has created Ronin to be the go-to NFT scaling solution for gaming, and it has already handled more NFT volume than all Ethereum NFT scaling solutions combined in 2021. With plans to decentralize further by opening up its validator application process, Ronin is set to become the premier location for launching Axie-related games and NFT games from other developers.

How Is the Ronin Network Secured?

Ronin is a sidechain that is compatible with Ethereum, and it operates using a consensus mechanism known as proof-of-authority (PoA). Validators are chosen based on their reputation by the Ronin team, making it a relatively centralized mechanism. Some of the validators on Ronin include Binance, Ubisoft, and Animoca Brands. These validators are responsible for creating and validating blocks, updating price oracles, and approving asset deposits and transfers to and from Ronin. Additionally, validators have the power to add or remove other validators.

Ronin (RON) Price Prediction

According to some analysts, there are indications that the price of Ronin will keep increasing, possibly even reaching $3.34 by 2025.

Current price:

$1.35More price details

All-time high:$5

All-time low:$0.3308

RON supply and tokenomics

Circulating supply:-- RON

Total supply:-- RON

Max supply:0 RON

Market cap:--

Fully diluted market cap:--

Token allocation:

Sky Mavis

30.00%

Community

30.00%

Staking Rewards

25.00%

Ecosystem Fund

15.00%

Tokenomics:

Uniqueness

Ronin stands out thanks to several main benefits.

First, the blockchain offers cheap and fast transactions with a confirmation time of 2-3 seconds. This makes it well-suited to a game like Axie that requires a high frequency of transaction confirmations.

Second, users can withdraw Axie assets back to the Ethereum mainnet with its Ronin Bridge . That means players can benefit from the profits they earned playing the game and conveniently swap tokens to other cryptocurrencies.

Third, it offers simplified onboarding for new users with a fiat on-ramp and a native wallet, lowering the barriers to entry for new players and making it easy to get started even for cryptocurrency newbies.

Sky Mavis built Ronin to be the default NFT scaling solution for gaming. Ronin already handles more NFT volume than all Ethereum NFT scaling solutions combined, and 15% of all NFT volume in 2021 happened on Ronin. Its bridge is the third-largest bridge by total volume after Polygon and Avalanche and a top-five bridge on Ethereum by total value locked. Sky Mavis’ vision is for Ronin to become the premier location to launch Axie-related games and NFT games from other developers. To accomplish that, Ronin plans to further decentralize by opening up its validator application process in 2022.

In its first phase, at least ten validators outside of Sky Mavis will join the Ronin network, and at least three external teams will be building NFT games on top of it. The second phase will see 20 external validators and five external teams, as well as Ronin upgrading to delegated proof of stake. In its final phase, Ronin anticipates more than 100 validators in its network that receive fees from protocols and NFT sales outside the Axie universe.

Token utility

RON is the ecosystem token of the Ronin blockchain. Its main purpose is to secure and decentralize the network. Ronin will thrive if RON is in the hands of the builders and users of the network.

Ronin validators will need to hold and stake $RON to participate in validating blocks. They are rewarded with newly issued RON. This RON is divided up among a validator and its delegates pro-rata based on the RON they have staked with the validator. The validator may also elect to take a fee from its delegates. Please note that this structure is not finalized and may be altered as new research and trends come to light.

Links

Website:https://roninchain.com

Whitepaper:https://docs.roninchain.com/basics/white-paper

X:https://twitter.com/Ronin_Network

Buy Ronin for $1Buy RON now

What is the development prospect and future value of RON?

The market value of RON currently stands at --, and its market ranking is #999999. The value of RON is not widely recognized by the market. When the bull market comes, the market value of RON may have great growth potential.

As a new type of currency with innovative technology and unique use cases, RON has broad market potential and significant room for development. The distinctiveness and appeal of RON may attract the interest of specific groups, thereby driving up its market value.

What will the price of RON be in 2025?

Based on RON's historical price performance prediction model, the price of RON is projected to reach $1.92 in 2025.

What will the price of RON be in 2030?

In 2030, the RON price is expected to change by +3.00%. By the end of 2030, the RON price is projected to reach $2.88, with a cumulative ROI of +85.18%.

Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of RON and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

RON price RON price prediction RON news

Is RON worth investing or holding? How to buy RON from a crypto exchange?

If you want to buy RON, the following information may be helpful for your investment decisions:

In the last 7 days, the price of RON has fallen by undefined%, leading to negative returns for most RON investors. The market is currently pessimistic about the price trend of RON.

It is important to note that the current price of RON has retreated by -72.98% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.

Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.

To decide whether RON is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.

Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in RON or any cryptocurrency comes with certain risks and uncertainties.

Regardless of your outlook on the development prospects and future trends of RON, if you want to buy or sell RON, you can consider Bitget for your trading needs. The best place to buy RON is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.

Investing in Ronin has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Ronin. Here's a step-by-step guide on how to buy Ronin on Bitget.

Buy RON now Coin buying guide

How to get Ronin through other methods？

Using cash to buy Ronin is not the only way to obtain Ronin. If you have the time to spare, you can get Ronin for free.

Learn how to earn Ronin for free through the Learn2Earn promotion.

Earn free Ronin by inviting friends to join Bitget's Assist2Earn promotion.

Receive free Ronin airdrops by joining ongoing challenges and promotions.

All crypto airdrops and rewards can be converted to Ronin through Bitget Convert, Bitget Swap, or spot trading.

What is Ronin used for and how to use Ronin?

The use case of Ronin may expand as the crypto market and the project itself develop. Currently, you can use RON to achieve the following goals:

Arbitrage by trading RON: Since RON is a frequently traded cryptocurrency, the price of RON is always fluctuating. Earn more RON by buying low and selling high on the exchange. Bitget spot market provides a variety of RON trading pairs to fully meet your needs.

Earn by staking RON: You can also generate income through financial management methods such as staking RON or lending RON. Bitget Earn offers a variety of financial products designed to help you earn more income from your RON.

Send or pay RON: If you want to give RON to your friends, a charity, or a fundraiser, or you want to pay someone with RON, you can quickly and easily send RON to the recipient through their payment address.

You can also go to the official website of the Ronin project to learn more about the use cases of RON. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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