Ronin stands out as a specialized Blockchain platform dedicated to revolutionizing Web3 games. Born from the innovative minds at Sky Mavis and serving as the backbone for the iconic Axie Infinity video game, Ronin has transformed into a powerhouse for gaming dapps in 2023. In this article, you can find answers to many questions such as what Ronin is, which has been listed and traded on Binance, and where to buy the network’s native asset RONIN coin.
What is Ronin?
Developed by the creators of Axie Infinity, Sky Mavis, Ronin is an Ethereum Virtual Machine (EVM) compatible Blockchain network that has revolutionized Blockchain-based games by solving the problems of high transaction fees and slow transaction speeds on Ethereum. The Ronin Blockchain can handle up to 100,000 transactions per second and has shifted from Proof of Authority (PoA) to Delegated Proof of Stake (DPoS) consensus mechanism, providing both high speed and high security for an advanced gaming experience.
Ronin’s strategic moves have positioned it as a significant player in the Web3 gaming space. Notably, the November 2023 migration of the popular game Pixels from Polygon to the Ronin Blockchain underscores the network’s impact. This also led to increased network activity and its emergence as a platform capable of hosting top-tier gaming projects.
The native asset of Ronin, RONIN coin, was introduced and launched in January 2022, significantly enhancing the functionality of the Ronin sidechain. RONIN facilitates low-cost and high-efficiency token swaps through the decentralized exchange Katana, addressing the problem of high transaction fees associated with Ethereum.
In March 2023, Ronin transitioned to a Delegated Proof of Stake (DPoS) network, expanding the staking feature of RONIN coin. Users can stake RONIN with network validators to earn rewards and increase its versatility within the Ronin network. While liquidity providers and network supporters receive some free transactions daily, most users need RONIN to pay for transactions on the network.
Where to Buy RONIN Coin?
RONIN coin can be securely bought and sold from Binance, the world’s largest cryptocurrency exchange by trading volume. RONIN coin was listed on Binance on February 5, 2024, and is available for trading in RONIN/BTC, RONIN/USDT, RONIN/FDUSD, and RONIN/TRY pairs.
To purchase RONIN coin, one must first register with Binance if not already a member. After completing the registration process, cryptocurrency or fiat currency such as Turkish Lira should be transferred to the account wallet on Binance. Following the transfer, RONIN coin can be purchased from any of the above six trading pairs.
To buy using the RONIN/USDT trading pair, one should first navigate to the interface of this trading pair. In the limit tab of the trading pair interface, the desired amount to be purchased is entered. Once the amount is entered, the purchase is completed with a RONIN Buy order.
