Ronin

Overview

Ronin is a blockchain platform specifically designed for gaming applications, created by Sky Mavis, the company behind Axie Infinity. RON serves as the native token of the Ronin network, primarily used for transaction fees, validator staking, and governance.

Purpose and Utility

The primary purpose of RON is to facilitate transactions and operations within the Ronin blockchain ecosystem. It serves as: 1) Gas token for transaction fees, 2) Staking token for network validators, 3) Governance token for protocol decisions.

Business Model and Implementation

The Ronin network operates as a sidechain to Ethereum, focusing on gaming applications. The business model revolves around providing a scalable, low-fee environment for blockchain games and NFT applications. Current usage aligns with intended purposes, with active implementation in games like Axie Infinity and other Sky Mavis products.

Real-World Adoption

The network shows significant adoption metrics: Over 4 million wallets created, regular daily active users engaging with various games and applications on the network, and multiple games either launched or in development on the platform.

Development Activity

Development remains active with regular updates to the protocol, new feature implementations, and ecosystem expansion. The team maintains transparent communication through official channels and development repositories.

Token Distribution

RON has a transparent token distribution model with allocated portions for ecosystem development, team members, and public distribution. Vesting schedules are in place for team allocations, demonstrating commitment to long-term development.