Ronin Price (RON)

Ronin’s all about Web3 gaming. It’s a blockchain built for game developers who want player-controlled economies. Using Ethereum Virtual Machine (EVM), it helps make in-game transactions fast and cheap, while letting players trade digital assets without breaking the bank. So yeah, it’s perfect for gaming ecosystems and Web3 setups.

The RONIN token is the backbone of the Ronin blockchain. It’s used to pay transaction fees, vote on network decisions, provide liquidity, and trade on the decentralized exchange. So, if you’re in the Ronin ecosystem, this token is key to everything – from making it run smoothly to shaping its future.

Ronin uses a hybrid of Delegated Proof of Stake (DPoS) and Proof of Authority (PoA) for consensus. Token holders delegate their stake to validators who verify transactions and create new blocks. The cool part is that PoA boosts security and efficiency, making it perfect for gaming. Validators are chosen through community voting and PoA selection, keeping things decentralized but also well-governed for fast, reliable in-game transactions.

Ronin was created by Sky Mavis, the team behind Axie Infinity. They launched it in 2021 to make a blockchain specifically for gaming, aiming to solve scalability issues and improve the user experience for games like Axie Infinity and others in the blockchain gaming space.

The max supply of RONIN is capped at 1,000,000,000 tokens. As of now, about 299,976,156 RONIN tokens are in circulation.

Ronin stands out by focusing on improving the gaming experience. It tackles the major issues like high fees and slow transaction speeds that you see on networks like Ethereum. By offering a gaming-optimized platform with scalable infrastructure, low environmental impact, and top-notch security, Ronin makes Web3 gaming smoother, cheaper, and safer. It's all about creating a better space for both developers and players, pushing for a more accessible and enjoyable digital gaming world.

You can buy RONIN directly on EXMON using a debit or credit card. You can also trade RONIN for other cryptos on EXMON. The price of RONIN updates live on EXMON, so you'll always see the current value. For more details, check out our How to Buy RONIN guide.