This is a guest post by Ronin.
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We are very excited to share that Binance is now listing RON! Today, RON tokens are tradable on the world’s largest cryptocurrency exchange. Available trading pairs are RONIN/BTC, RONIN/USDT, RONIN/FDUSD and RONIN/TRY.
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RON is Ronin’s native token. It fuels all network activity and creates value from the various fees collected across the ecosystem. In this article, read about Ronin’s mission to become the leading gaming chain, the impact of Pixels’ recent migration, and how Axie continues to push the boundaries of Web3 gaming.
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Check out what co-founder and COO Aleksander Larsen shared with Paul Barron Network about Ronin’s future expansion plans!
We are very excited to share that Binance is now listing RON! Today, RON tokens are tradable on the world’s largest cryptocurrency exchange. Binance’s global spot trading market share is 38% RON is closer than ever to millions of Web3 users. This is more than just an important day for our community. This is a sign that new allies are waking up to our movement. RON has long supported Web3 games, from Axie Infinity to Pixels, and its listing on Binance is a huge win for gamers around the world.
RON is Ronin’s native token. This facilitates all network activity, from gaming transactions and NFT transactions to block validation and staking rewards. Additionally, tokens gain value through Ronin Treasury through fees collected across the ecosystem. For example, gas fees, Katana DeX’s 0.05% swap fee, Mavis Market’s 0.5% fee, and 30% of RNS (Ronin Name Service) sales all go back to RON. RON also supports in-game transactions, including VIP memberships for Axie’s Gems and Pixels. In many ways, RON is the heart of Ronin and Web3 games.
Want to stake RON and receive rewards? Current APR is around 14-15% across all validators. Check out the video tutorial to get started.
Today’s listing will increase the liquidity of RON by introducing it to a broader user base. This is also a milestone that adds credibility to our native token and the movement of Web3 gamers. We are on a mission to become the world’s best gaming blockchain. Today we took a huge leap forward.
Ronin is quickly becoming the dominant Web3 game chain. and This is the most effective distribution channel for that game. The proof is in the pixels. After migrating to Ronin, the game’s daily active users (DAU) increased from 5K to 130K. Pixels was the #1 Web3 game in DAU even before the migration. Once they got to Ronin, they were able to put their foot on the gas even further.
After migrating to Ronin, the Pixels Land NFT floor price surged 1,222% with a clear trend acceleration on the migration date (October 29, 2023). The NFT will be released soon on Mavis Market, Ronin’s general NFT marketplace. At Mavis Market, users can collect NFTs for the games they need and pay for them with RON.
After migrating to Ronin, Pixels was able to enjoy positive cash flow with a monthly run rate of over US$1 million. How many teams in the cryptocurrency industry are cash flow positive? RON played a key role in making this happen. Pixels’ VIP sale is priced at $10 RON and has already generated about $2 million in revenue so far.
Ronin plans to offer more Web3 games in the future. The network also includes partners such as Google, Nans en, Animoca Brands, Pyth Network, and Coingecko. Check out the full list above. By the end of this week I’ll have to update the images again because our movement is growing so quickly! RON is at the center of everything we do and it feels like we’re just getting started.
The Ronin team is currently selecting partners and projects to participate in. Our business development team speaks with game studios every day to find teams with the right culture, intent, and product to launch into the community. We work closely with each game studio and provide mentorship built on our experience building Axie. Our mentorship helps teams avoid pitfalls and increase their chances of success by focusing their efforts on great founders creating great games.
In the future, we plan to release Ronin with plans for scaling solutions so that anyone can deploy on Ronin. The exact timing hasn’t been determined yet, but Sky Mavis co-founder COO Aleksander Larsen dropped a few hints in the video above!
The first platform to dominate distribution in the market can leapfrog with a huge advantage that can be used to leapfrog its competitors. Think of how Apple got on Microsoft’s side and beat Sony at its own game with content via iPod/iTunes/iMac. Artists were willing to support iTunes and upload their music at a lower cost because of Apple’s distribution and marketing capabilities. Technology only matters if it creates these distribution advantages.
Although Ronin is still a nascent blockchain, it is seeing a surge in monthly active addresses. This is good for the entire industry because our strategy is to use games as an accessible portal to Web3. When they’re ready, users can take a break from the game and explore more sophisticated financial services and more complex, higher LTV applications. This is how the largest multi-purpose chain of content + social interaction as an onboarding portal is created. At the basis of this thinking is RON, the inexorable beating heart of Ronin..
Ronin’s first-mover advantage was built on the success of Axie Infinity, which has remained Web3’s best-known game in the years since its release. Let’s take a look at some of Axie’s recent metrics and see how the game continues to innovate.
Axie Infinity is the most traded NFT game in the world and has helped millions of users use cryptocurrency over the past six years. Axie is also part of Ronin and continues to lead as the #1 IP across Web3. The product store accepts payment in RON.
Fun fact: Sky Mavis launched Ronin in 2022 to meet the needs of Axie gamers who find Ethereum too slow and expensive. Today, all Axie transactions take place on Ronin.
Axie is a whole gaming ecosystem in itself, and in the last 30 days, approximately 168,000 Axies have been sold, generating over 1,916 ETH in monthly trading volume. Many Axie players love cryptocurrency and are passionate gamers, so many are willing to explore new games featured on Ronin. We’ve been building new game features and experiences for this community for over six years. Here’s an example of how Axie continues to push the boundaries of Web3 gaming.
Part Evolution was released in December 2023. Part Evolution enables leveling up of individual axis parts and introduces the concepts of vertical progression and dynamic NFT. As a result, axies are the first NFTs currently available. evolve It is based on skill, time and effort. Over time, this will help players develop an attachment to their individual axes, similar to how Pokemon players would have a favorite Pokemon.
Dear Ronin community, today is a victory for all of us. We’ve weathered the bear market together and are building the world’s fastest-growing gaming blockchain. It’s something to celebrate. We know it, you know it, and now Binance knows it too. Over the next few weeks, many eyes will be watching us as we hope new people will join our movement. Let’s warmly welcome new recruits and continue to develop!
Ronin’s 2023 review:
Axie’s 2023 review:
Token economics documentation: https://docs.roninchain.com/basics/tokenomics
Ronin Research Pack