What is $RON (Ronin)?

A play-to-earn gaming blockchain called Ronin is based on EVM.

TL;DR:

  • Axie Infinity, one of the most popular play-to-earn games in the Philippines during the height of the pandemic, is a digital collectibles game based on Ronin Network.
  • Sky Mavis, a game development studio with a technology focus established by Jeffrey Zirlin and Alexander Leonard Larsen, founded Ronin.
  • Ronin distinguishes itself due to a number of key advantages: blockchain, ease of withdrawal, and lower barriers to entry.

What is $Ronin (RON)?

A play-to-earn gaming blockchain called Ronin is based on Ethereum Virtual Machine (EVM). Axie Infinity, one of the most popular play-to-earn games in the Philippines during the height of the pandemic, is a digital collectibles game that is also the most well-known game based on Ronin. $AXS saw a 300% month-over-month increase in NFT trading volume, a 180% month-over-month increase in unique NFT traders, and a 131% increase in daily active battlers in July 2021, the first month of its operation.

Read more: What is Axie Infinity?

Over 2 million wallet downloads, Total Value Locked (TVL) of over $5 billion, daily unique addresses that are active which accounts for 250,000, and 15% of the market's NFT transactions have all been reached by Ronin during its first nine months of operation. By weekly active users, its DEX Katana is the second-most well-liked decentralized exchange and enables users to trade tokens inside the Axie Infinity ecosystem.

Who founded $Ronin?

Sky Mavis, a game development studio with a technology focus established by Jeffrey Zirlin and Alexander Leonard Larsen, founded Ronin. A Yale graduate, Mr. Zirlin has spent the last four years creating Sky Mavis. Since 2017, Mr. Larsen has worked in the blockchain industry. He co-founded Sky Mavis and Axie Infinity and oversaw various rounds of funding for the business.

What makes $RON (Ronin) unique?

Ronin distinguishes itself  by a number of key advantages. These are some of the following:

  1. First, on the list is its blockchain, it provides quick and inexpensive transactions enabling a 2-3 seconds interval for every confirmation. This makes it ideal for a game like Axie that needs transaction confirmations frequently.
  2. Further, through the Ronin Bridge, users are able to withdraw Axie holdings towards the mainnet Ethereum. This implies that users can profit from the winnings they made from playing the game and easily exchange tokens for other cryptocurrencies.
  3. Also, it lowers entry barriers for new participants and makes it simple to get started even for cryptocurrency newbies by providing a fiat on-ramp and a native wallet for them.

How to buy $RON (Ronin) in the Philippines?

Via Coins Pro, BSP Licensed Spot Exchange:

  1. Step 1: Log into your Coins Pro account and click [Balance].
  2. Step 2: Select the currency you want to deposit, click on [Deposit] and enter your desired cash-in amount.
  3. Step 3: Select RON/PHP pair and enter the [Order Quantity] you would like to trade.
  4. Step 4: Click Buy or Sell to place your Limit and Stop Orders.
  5. Step 5: Wait for your order to be filled.
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