Ronin (RON)

What Is Ronin (RON)?

Ronin is a blockchain built specifically for gaming, developed by Sky Mavis, the creator of Axie Infinity, a popular Web3 game that has generated over $1.3 billion in revenue. Ronin is designed to scale a single game to accommodate millions of daily active users, a feat that sets it apart from other blockchains. The platform has processed over $4 billion in NFT volumes and is optimized for near-instant transactions with negligible fees, making it ideal for seamless in-game transactions. Ronin has proven itself as the leading choice for Web3 gaming due to its high scalability, low fees, and fast transaction speeds.

Since its launch, Ronin has seen impressive growth, including 250,000 unique daily active addresses and $5 billion in total value locked (TVL) within its ecosystem. It has also gained significant traction in the NFT space, handling 15% of all NFT transactions on the market. Its decentralized exchange (DEX), Katana, is the second-most popular DEX by weekly active users and serves as the primary place for swapping tokens within the Axie Infinity ecosystem.

Who Are the Creators of Ronin?

Ronin was developed by Sky Mavis, the team behind Axie Infinity, and is backed by prominent investors such as Accel, a16z, Binance Labs, Animoca Brands, Paradigm, Libertus, and Mark Cuban. The co-founders of Sky Mavis include Jeffrey Zirlin and Alexander Leonard Larsen.

What Makes Ronin Unique?

• Scalability and Proven Success: Ronin is the only blockchain that has successfully scaled a single game, Axie Infinity, to accommodate millions of daily users. In 2021, Ronin processed 15% of all NFT trading volume and continues to lead as a top blockchain for NFTs, second only to Ethereum in terms of volume.
• Optimized for Gaming: Unlike other permissionless blockchains, Ronin has been optimized to minimize bloat and enhance the gaming experience. It is dedicated to providing a seamless environment with minimal spam and high uptime, ensuring that games run smoothly.
• Environmental Friendliness: Ronin is much more energy-efficient than many other blockchain platforms. For example, one Bitcoin transaction consumes as much energy as 695,505,316.31 transactions on Ronin, making it a more sustainable choice for the gaming industry.
• Backed by Sky Mavis: As the creator of Axie Infinity, Sky Mavis has a deep understanding of product development, community building, and scaling games. This expertise gives Ronin a unique edge in attracting gaming projects and ensuring their success on the network. Sky Mavis also provides advisory support, grants, and resources to help developers succeed.
• Security: Despite facing security threats, including the Ronin Validator Breach in March 2022, Sky Mavis has implemented a zero-trust, antifragile security approach. Following the breach, where 173,600 ETH and 25.5 million USDC were stolen through a socially engineered attack, Ronin’s internal security measures were strengthened. All code is rigorously reviewed, and security experts audit the entire architecture to ensure the platform’s safety.

How Many Ronin (RON) Coins Are There in Circulation?

RON is the native token of the Ronin blockchain and was launched via a liquidity pool on the Katana DEX, without any private sales. It will be distributed through an incentivized liquidity program, with issuance decreasing every quarter. The total supply of RON is capped at 1 billion coins, and this supply will be fully issued over the course of 108 months (9 years).

The distribution of RON tokens is as follows:

• 25%: Rewards for staking and bridge incentives
• 30%: Community-focused initiatives, including liquidity mining, content creation, rewards programs, grants, and hackathons
• 30%: Reserved for the Sky Mavis team
• 15%: Ecosystem fund to support grants, investments, and initiatives that bring new applications, content, and tooling to the Ronin network

Ronin is a highly optimized blockchain solution designed for the gaming industry, offering a scalable, secure, and efficient platform for developers and gamers alike. With the backing of Sky Mavis, the creators of Axie Infinity, and a growing ecosystem of users and developers, Ronin continues to be a leading choice for Web3 gaming applications.