Ronin stands out as a dedicated Blockchain platform designed to revolutionize Web3 gaming. Created by the innovative minds at Sky Mavis and serving as the backbone of the iconic Axie Infinity video game, Ronin transformed into a powerhouse for gaming dApps in 2023. In this article, you will find answers to questions like what Ronin is, the native token RONIN coin, and how to acquire it, especially after its listing on Binance.
What Is Ronin?
Ronin is an Ethereum 
$2,295 Virtual Machine (EVM)-compatible Blockchain network developed by Sky Mavis, the creators of Axie Infinity. Addressing the challenges of high transaction fees and slow processing speeds on Ethereum, Ronin has redefined Blockchain-based gaming. The Ronin Blockchain can handle up to 100,000 transactions per second, and its transition from Proof of Authority (PoA) to Delegated Proof of Stake (DPoS) consensus mechanism ensures high speed and enhanced security for an improved gaming experience.
Strategic moves have positioned Ronin as a significant player in the Web3 gaming space. For instance, the migration of the popular game Pixels from Polygon to the Ronin Blockchain in November 2023 highlights the network’s influence. This shift has boosted network activity, establishing Ronin as a platform capable of hosting high-profile gaming projects.
RONIN coin, the native asset of Ronin, was launched in January 2022, significantly enhancing the functionality of the Ronin sidechain. By facilitating low-cost and high-efficiency token swaps through the decentralized exchange Katana, RONIN resolves Ethereum-related high transaction fee issues.
In March 2023, Ronin transitioned to a Delegated Proof of Stake (DPoS) network, expanding the staking capabilities of the RONIN coin. Users can stake RONIN with network validators to earn rewards, further increasing its versatility within the Ronin ecosystem. Liquidity providers and network supporters receive a limited number of free transactions daily, while most users need RONIN to pay for transactions on the network.
Where to Buy RONIN Coin?
RONIN coin can be securely traded on the world’s largest cryptocurrency exchange, Binance. It was listed on Binance on February 5, 2024, and became available for trading in pairs such as RONIN/BTC, RONIN/USDT, RONIN/FDUSD, and RONIN/TRY.
To purchase RONIN coin, you must first create an account on Binance, if you don’t already have one. Once the registration process is complete, you need to transfer cryptocurrency or fiat currency, such as USD, to your Binance wallet. After the transfer is complete, you can buy RONIN coin through any of the six available trading pairs mentioned above.
For instance, to buy RONIN via the RONIN/USDT trading pair, you need to navigate to the pair’s trading interface. From the limit section, enter the desired purchase amount in the specified field. Once the amount is entered, the purchase can be completed by placing a Buy RONIN order.
