What is Ronin Network (RON)

Ronin Network or RON is an Ethereum sidechain for gaming developers. This sidechain was the chain that brought Axie Infinity to a new height. Essential information for their token is available on the MEXC Digital asset introduction page. Furthermore, we are listing (RON/USDT – Trade it here) on our Innovation Zone, check it out now!

What is Ronin Network (RON)
What is Ronin Network (RON)

What is Ronin Network’s Feature?

Ronin Network is an EVM-based blockchain. It will help gaming developers to create games with player-owned economics and a scalable ecosystem. These ecosystems blend in community, leisure, and economy, making it a digital nation. Previously, Axie Infinity hit their bottleneck and the growth suffered for several years. This is because Ethereum’s mainnet has low scalability. This situation persisted until Ronin came into play. Once Axie was launched on Ronin in April 2021, it witnessed explosive growth and onboarded millions of additional Web3 users.

So, why is Ronin Network working so well? Ronin has a few major advantages. They have low transaction costs and quick confirmation times of 2-3 seconds. Furthermore, they provide a fiat on-ramp and native wallet. This helps users to start off easier. They also have one of the greatest Web 3 gaming communities. Users and developers can access a well-established and active Web3 gaming community.

Thanks to its big and enthusiastic community, Axie Infinity’s network effects are powerful and becoming stronger by the week. Furthermore, millions of users have downloaded the Ronin wallet. It now serves as a boarding pass and onboarding portal into Web3. Let’s also not forget that only Ethereum has handled a higher NFT volume than Ronin among all blockchains. Now, Ronin will look towards the next generation of NFT game developers to create something revolutionary. Check out their whitepaper now!

Is Ronin Network Safe to Use

Ronin is backed by Sky Mavis, the creator of the #1 NFT project by adoption and all-time volume, Axie Infinity. Sky Mavis’ experience building and scaling Axie Infinity has given them unique insights into product development, community building, and go-to-market which can be leveraged by partners deploying on the network. Furthermore, Sky Mavis offers advisory support and grants to help reduce risk and improve the odds of success for games looking to launch.

At the moment, Ronin has massive traction and is currently one of the pioneers in the space. As a result, they became the first to face scaling roadblocks and security threats ahead of the rest of the market. Thankfully, learnings from those experiences led Sky Mavis to become a fully antifragile, zero-trust organization. Now, they are implementing rigorous internal security measures to prevent future attacks. Furthermore, they reviewed and optimized all their codes along with security experts auditing the entire architecture. Therefore, Ronin Network is a very secure and safe blockchain.

Is Ronin Network (RON) a Good Investment?

Ronin Network has shown its capabilities as an Ethereum sidechain. It greatly improved Axie Infinity’s growth and they are ready to bring more value to the Web 3 world. Therefore, you can try short-term and long-term investments. However, it is crucial for users to prepare a proper exit strategy before investing. It is also important to consult your financial adviser for any investment plans. This is not financial advice.

Where to buy RON Token

You can find RON Token here at MEXC! We are listing RON/USDT in our Innovation Zone!

What is the Price of RON Tokens?

RON token is currently trading at $1.02 per unit. It has a market cap of $173,969,169 and a fully diluted market cap of $1,014,076,168. They also have a 24-hour trading volume of $6,604,767. You can check the live price of their token right here!

How to buy RON Tokens

You can buy RON Tokens on MEXC by following the steps:

  1. Log in to your MEXC account and click [Trade]. Click on [Spot].
  2. Search “RON” using the search bar to see the available trading pairs. Take RON/ USDT as an example.
  3. Scroll down and go to the [Spot] box. Enter the amount of RON you want to buy. You can choose from opening a Limit order, a Market order, or a Stop-limit order. Take Market order as an example. Click [Buy RON] to confirm your order. You will find the purchased RON in your Spot Wallet.

You can find a detailed guide on how to buy RON Tokens here.

Keep Yourself Updated With The Crypto Trend

Check out all of the listings in the Innovation and Assessment zones as well as the major tokens in the Main Zone – we have more amazing projects to come! What’s more, MEXC lists moonshots and offers access to trade major cryptocurrencies. Visit the Hot Projects section as well to uncover more featured popular tokens. Lastly, feel free to visit MEXC Academy to learn more about cryptocurrency!

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