Ronin (RONIN) is an Ethereum 
$3,682 Virtual Machine (EVM) compatible Blockchain network specifically designed for Web3 games. RONIN, the service token of the same name as the network, was released with multiple purposes in mind. In this article, you can find answers to many questions such as what is Ronin, what is the native asset RONIN coin of the network, and how to buy RONIN coin, which will soon be listed on Binance.
What is Ronin?
Ronin is an innovative EVM-compatible Blockchain network conceptualized by Sky Mavis, the creators of Axie Infinity. Aiming to revolutionize the Blockchain gaming experience, Ronin addresses the fundamental issues of Ethereum, such as high transaction fees and slow transaction speeds. This focus not only enhances the playability of Axie Infinity but also positions Ronin as a key player in the Web3 gaming space.
With the capability to handle up to 100,000 transactions per second and the transition from Proof of Authority (PoA) consensus mechanism to Delegated Proof of Stake (DPoS) consensus mechanism, Ronin showcases its advantages over traditional Blockchains. These changes ensure both speed and security, which are essential for a seamless Web3 gaming experience.
Built with the vision of becoming the leading Blockchain network for games, Ronin has taken many significant steps in this direction. The migration of the highly popular Pixels game from Polygon to Ronin in November 2023 is evidence of its growing influence. This strategic move not only brought a well-known game under Ronin’s umbrella but also led to a notable increase in network activity, demonstrating Ronin’s competence in hosting and enhancing top-tier gaming projects in Web3.
RONIN Coin Overview
Launched in January 2022, RONIN coin is the native asset of the Ronin Blockchain, an essential component of the ecosystem developed by Sky Mavis for Axie Infinity. The release of RONIN significantly enhanced the functionality of the Ronin sidechain, especially facilitating low-cost, efficient token swaps via the decentralized exchange (DEX) Katana. This innovation solved the high transaction fee problem that originated from Ethereum.
With Ronin’s transition to the Delegated Proof of Stake (DPoS) consensus mechanism in March 2023, RONIN coin’s use case expanded to staking. Users can now stake RONIN with network validators to earn rewards, further increasing its versatility within the Ronin ecosystem. While liquidity providers and other network supporters receive a certain number of free transactions daily, most users must pay with RONIN for transactions on the network.
How to Buy RONIN Coin?
RONIN coin can be securely bought and sold on Binance, the world’s largest cryptocurrency exchange by trading volume. RONIN coin will be listed on Binance on February 5, 2024, and will be available for trading in the RONIN/BTC, RONIN/USDT, RONIN/FDUSD, and RONIN/TRY trading pairs.
To purchase RONIN coin, users must first register on the Binance exchange (if not already registered). After completing the registration process, fiat currency such as Turkish lira or cryptocurrency must be transferred to the Binance account wallet. Once the transfer is complete, RONIN coin can be purchased through any of the five trading pairs mentioned above.
To buy through the RONIN/USDT trading pair on Binance, users must first navigate to the interface of this trading pair. From the limit tab on the trading interface, the amount desired to be purchased is entered in the designated field. After entering the amount, the purchase is completed with the Buy RONIN order.
