Ronin

Introduction to Ronin (RON)

Ronin is blockchain platform specifically tailored for gaming applications developed by Sky Mavis the creators of popular game Axie Infinity. Launched in February 2021 Ronin operates as an Ethereum sidechain.

This strategic design choice was made to address and mitigate common issues found in mainstream blockchain platforms such as high transaction fees and slow processing times which can significantly impede user experience in blockchain-based games.

Ronin’s architecture allows it to offer faster transaction and lower cost making it an ideal environment for developing and running decentralized games.

By providing these capabilities Ronin aims to enhance scalability of game and improve accessibility for broader audience fostering more robust ecosystem for developers and players alike.

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The Connection Between Ronin and Axie Infinity

Axie Infinity a flagship title developed by Sky Mavis was one of first games to migrate to Ronin blockchain.

The game which involves collecting raising and battling fantasy creatures called Axies has experienced significant growth and popularity highlighting demand for userfriendly blockchain gaming experience.

Ronin was developed in response to challenges faced by Axie Infinity on the Ethereum network particularly around high gas fees and slow transaction speeds which were becoming a barrier to game’s scalability and user retention.

The success of Axie Infinity on Ronin has not only demonstrated blockchain capability to handle millions of daily active users but also served as proof of concept for other developer looking for a viable platform for their blockchainbased games.

Platform’s integration with Axie Infinity has set precedent in decentralized gaming industry showing that it is possible to scale game to millions of users while maintaining smooth and cost-effective user experience.

The Genesis of Ronin

As explained earlier in intro one of the key reason behind development of Ronin was to address scalability issues faced by Gaming networks on Ethereum blockchain.

Recognizing need for more efficient and cost-effective solution Sky Mavis launched Ronin in 2021 create a dedicated ecosystem specifically tailored to meet the unique needs of its game Axie Infinity and other potential gaming applications.

By introducing Ronin Sky Mavis not only improved gaming experience through faster and cheaper transactions but also set the stage for further innovation in the blockchain gaming space encouraging other developers to explore the benefits of specialized blockchain solutions for gaming.

Ronin Blockchain currently has over 17.6 million wallet addresses on its chain with continuous year to year raise in number of users

Axie Infinity’s Migration to Ronin

Axie Infinity transitioned to Ronin to address scalability issue and high costs associated with Ethereum.

The transition was driven by need to provide smoother more affordable gaming experience for its user base which was rapidly growing and engaging in frequent small transactions that became financially unfeasible on Ethereum with Ethereum Gwei going as high as 500+ at peak times.

Post-migration Axie Infinity observed significant reduction in transaction fees and faster processing times.

This improvement not only enhanced user experience but also supported surge in user adoption and engagement as players could perform more transactions like breeding and trading Axies without prohibitive costs.

Expanding Beyond Axie Infinity

Following success of Axie Infinity on Ronin other game developers and blockchain application creators began to consider Ronin as viable platform.

The blockchain is designed to support various applications that require high transaction throughput and low fees.

Ronin’s strategy involves broadening it ecosystem by offering development tools support and incentives to attract a diverse range of applications especially those that can benefit from its specific feature like low transaction costs and high scalability.

Ronin’s Technological Framework

Explained previously Ronin is built as an Ethereum sidechain which means it leverages security and interoperability of Ethereum while operating with its own consensus mechanisms to enhance performance.

It incorporates features such as faster block times and tailored gas fee structures to meet demands of interactive blockchain applications.

Security on Ronin is maintained through decentralized network of validators which also helps platform scale effectively.

The user experience is prioritized through an interface that is both accessible and functional catering to both experienced users and newcomers.

Validator Nodes on Ronin

Validators on Ronin play crucial role in network integrity by confirming transaction and creating new blocks.

They are incentivized to act honestly through staking mechanisms that penalize malicious behavior thereby securing network.

Ronin’s validator system is designed to ensure a decentralized and secure environment. The system allow for multiple validators to participate in consensus process reducing risk of centralization and increasing security against potential attacks.

Integrations and Partnerships

Directive Games, Bali Games, Tribes Studio, Ragnarok: Monster World, and CARV

Ronin has engaged in several strategic partnerships aimed at enhancing its utility and accessibility such as with some big names like Directive Games, Tribes Studio, Ragnarok Studios: Monster World and Bali Games.

Partnerships are crucial for Ronin as they help build a robust ecosystem that supports diverse applications.

These partnerships not only provide technical integrations but also bring in new users fostering community growth and innovation within the Ronin ecosystem.

RON Tokenomics

The native token of blockchain is called RON and is used to pay for transactions on Ronin and offer additional advantages such as community governance, utility via staking through validators to earn rewards.

The tokenomics of RON token is structured to support network’s long-term viability with 9 year unlock schedule providing clear and gradual release of tokens to ensure stability and reduce market volatility.

Here is how it is distributed:

• Rewards: 25%
• Allocated for Community Incentives: 30%
• Sky Mavis allocation: 30%
• Ecosystem fun: 15% of supply

Staking on Ronin

Staking on Ronin network offer RON holder not only chance to earn rewards but also crucial role in governance of network.

By staking RON users can secure voting right which enable them to participate in decision-making processes that affect network future development and policy changes.

This mechanism is central to maintaining decentralized and user-driven governance structure empowering token holders by giving them direct voice in ecosystem. Staking also enhance security of network.

Validators on Ronin are required to stake RON tokens as form of security deposit. The staked tokens act as deterrent against malicious activities as any validator acting dishonestly stands to lose their stake.

This setup helps ensure that validators have power of say aligning their interest with overall health and security of network.

Economically staking reduces circulating supply of RON that can help in maintaining stable or appreciating token value assuming demand remains constant or increases.

User Interaction with Ronin

Users can engage with Ronin network by first setting up Ronin wallet a native wallet available for both Mobile on App store and Play store and for desktop as an extension for Chrome Firefox and Edge browser.

Wallet is crucial for managing RON tokens and interacting with platform. The wallet setup process is straightforward typically involving downloading wallet software from official Ronin site installing it and then securely storing seed phrase.

Once set up users can send, receive and manage RON tokens easily. The wallet also facilitates direct interaction with games and applications on blockchain making transactions smooth and accessible.

Furthermore, platform focuses on userfriendliness with a clean intuitive interface that simplifies navigation and interaction making it suitable for users with varying levels of technical expertise.

The network aims to lower entry barrier to blockchain and crypto technologies through educational resources and customer support thus broadening its appeal and fostering diverse user base.

How to Acquire and Store RON Tokens

RON token can be acquired through several crypto exchanges that support them such as Binance, OKX, Gate.io, MEXC and many more.

Users need to create an account on these exchanges complete necessary KYC processes if required and then purchase RON using fiat currencies or other cryptocurrencies.

Once you have RON it’s important to secure tokens by transferring them to wallet where you have control over your private keys.

This can be a hardware wallet which is recommended for its security advantages or software wallet that support Ronin network.

Hardware wallets like Ledger or Trezor provide offline storage reducing risk of hacks. For active trading or regular use software wallet may be more convenient.

Ensure that any wallet you choose supports Ronin network. Always back up your wallet’s seed phrase in secure location to recover your funds if needed.

The Economic Landscape of Ronin

The market performance of RON token is influenced by overall dynamics of crypto market and gaming sector in blockchain industry.

With development of new games and significant updates within Ronin network investor and user interest typically increases which can positively impact value of RON token.

Innovations in game mechanics and integrations with other blockchain platforms further enhance network appeal attracting broader user base and increasing transaction volumes on Ronin.

Such developments contribute to dynamic economic landscape where value of RON is closely tied to activity levels and blockchain gaming sector’s overall growth and market trends.

Conclusion: Ronin’s Role in Blockchain Gaming’s Future

In the end I would say Ronin has significantly contributed to blockchain gaming sector by providing a scalable efficien  and userfriendly platform that supports high-transaction games.

By addressing critical issues such as high fees and slow transaction speeds it has enabled smoother and more cost-effective gaming experience.

As network evolve and more developers and users come onboard Ronin may set new standards for what is possible in blockchain gaming potentially leading to broader acceptance and integration of blockchain technologies in mainstream gaming market.

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Therefore, we are not responsible for the investment decision in Ronin and the resulting loss.

Ronin Basics

Here are some factors that investors should consider before investing in Ronin.

Cryptocurrency Features	Ronin ()
Publisher or Developers
Headquarters (Registration Number)
Symbol
Platform
Published Date (CMC Registration)	2024-10-02
Max Supply	958,691,258,152,859

Reliability Score of Ronin in 2024

These are indexes mesuring the investment reliability of Ronin conducted by Coin-Labs.com.

Investment Reliability Rating Items	Scores and Current Status
Company Activation Rate	/ 10.0 CAR
Communication Rate	/ 10.0 CR
Technology Transparency Rate	/ 10.0 TTR
Development Participation Rate	/ 10.0 DPR
Listing Status on the World's Top 10 Exchanges	Listed on 0 Exchanges
Number of Available Pairs Worldwide	1 Pairs
Market Cap of the Cryptocurrency	6,683,329 USD (Rank #1295)

The table above shows the result of investment suitability evaluation for Ronin.
Check out how we evaluate cryptocurrencies on the crypto rating description page.

Ronin Price

Here are the price and recent trading volume of Ronin. (Data of 2024-10-03 00:15:00)

Price Items	Price and Trading Volume of Ronin
Ronin Price	0.000 USD
Price Change 24h	-5.48%
Price Change 7d	-4.99%
Trading Volume 24h	11 USD
Trading Volume Change 24h	-82.47%

Cryptocurrency Metadata

You can check the development status and social media information of Ronin through the links in the table below.

Metadata Source	URL
🌎 Official Website
📖 White Paper
🛰️ Source Code (GitHub)
🐦 Twitter
🤖 Reddit
🎺 Message Board

Where to Buy Ronin

Here are the top ten world crypto exchanges where traders can buy Ronin in 2024.

Top10 Exchanges	Listed Status	Page URL
Binance	Not listed
Coinbase	Not listed
Kraken	Not listed
KuCoin	Not listed
Bitfinex	Not listed
OKX	Not listed
Huobi	Not listed
Bitstamp	Not listed
Bybit	Not listed
Gate.io	Not listed

Frequently Asked Questions