Ronin is an EVM blockchain specifically forged for gaming. Launched by Sky Mavis, the creator of Web3’s breakout title Axie Infinity which has generated over $1.3B in revenue, Ronin is the only blockchain proven to scale a single game to accommodate millions of daily active users and has processed over $4B in NFT volumes. Ronin optimizes for near-instant transactions and negligible fees that enable millions of in-game transactions to occur seamlessly, making it the leading choice for Web3 games.
In its first nine months, Ronin has racked up 250,000 unique daily active addresses, $5 billion in TVL, over 2 million wallet downloads, and 15% of all NFT transactions on the market. Its DEX Katana is the second-most popular decentralized exchange by weekly active users and allows users to swap tokens within the Axie Infinity ecosystem.
## Who Are the Creators of Ronin?
Ronin was created by Sky Mavis, the team behind Axie Infinity and backed by top investors like Accel, a16z, Binance Labs, Animoca Brands, Paradigm, Libertus, Mark Cuban.
Cofounders include Jeffrey Zirlin and Alexander Leonard Larsen.
## What Makes Ronin Unique?
Ronin is battle tested and scalable. In 2021 the Ronin processed 15% of all NFT trading volume and is the home of all Axie Infinity assets - Axies, Land, SLP and AXS. Ronin is second only to Ethereum when it comes to NFT sales by volume. While there are many other chains available, Ronin is the only platform proven to scale a single game to accommodate millions of daily users.
Ronin is hyper optimized for gaming and cuts out the bloat found in other permissionless blockchains. We put in effort to curate high quality apps and ensure there is minimal spam and high uptime for games.
Ronin is environmentally friendly compared to other chains. For comparison, one Bitcoin transaction uses as much energy as 695,505,316.31 Ronin transactions.
Ronin is backed by Sky Mavis, the creators of the #1 NFT project by adoption and all-time volume, Axie Infinity. Sky Mavis’ experience building and scaling Axie Infinity has given them unique insights into product development, community building, and go-to-market which can be leveraged by partners deploying on the network. Sky Mavis offers advisory support and grants to help reduce risk and improve odds of success for games looking to launch.
Ronin is secure. Due to Ronin’s massive traction and being pioneers in the space, Sky Mavis has been one of the first companies to face scaling roadblocks and security threats ahead of the rest of the market. In March 2022, Sky Mavis experienced The Ronin Validator Breach, where 173,600 ETH and 25.5M USDC were drained from the Ronin bridge. This breach was not due to a technical flaw, but a socially engineered attack by an elite group of hackers. This incident led Sky Mavis to become a fully antifragile, zero-trust organization. Sky Mavis has implemented rigorous internal security measures to prevent future attacks. All code has been fully reviewed and optimized, with security experts auditing the entire architecture. Audit information and security upgrade details can be found here.
## Related Pages:
Check out Axie Infinity (AXS)— the governance token for the Axie Infinity game.
Check out Smooth Love Potion (SLP) — the in-game token of Axie Infinity.
Check out Wrapped Ronin (WRON) — the wrapped ERC20 version of Ronin tokens.
Learn about what the Metaverse is.
Get the latest crypto news and latest trading insights with the CoinMarketCap blog.
## How Many Ronin (RON) Coins Are There in Circulation?
RON was launched through a pool on its native Katana DEX without any private sales conducted and will be distributed through an incentivized liquidity program. Issuance will be reduced every quarter, and the total supply of RON is capped at 1 billion and will be reached 108 months after issuance begins.
RON is distributed as follows:
* Rewards (25%): staking and bridge incentives
* Community (30%): liquidity mining, content creation, rewards programs, grants, and hackathons.
* Team (30%): Sky Mavis
* Ecosystem fund (15%): grants, investments, and hackathons bringing game-changing content, applications, and tooling to Ronin.
Refer to the Whitepaper for more info: https://docs.roninchain.com/basics/tokenomics
## Where Can You Buy Ronin (RON)?
RON is available on Katana DEX, OKX, and many other avenues.
Refer to Guide on Buying RON
If you want to learn more about how to start buying cryptocurrencies, you can read more in our guide.
Ronin (RON) is an Ethereum Virtual Machine (EVM) blockchain specifically designed for gaming, launched by the creators of "Axie Infinity," Sky Mavis. Ronin is the only blockchain validated to scale to millions of daily active users, handling over $4 billion in NFT trading volume. Its optimized transaction speed and low costs enable seamless transactions for millions of in-game transactions, while its decentralized exchange, Katana, ranks as the second most active decentralized exchange in terms of users. Ronin focuses on gaming optimization, ensuring efficient and secure trading experiences, with the support of "Axie Infinity." Overall, Ronin is a leader in the gaming industry, known for its innovation and scalability.
How to Buy RON
1. How to Buy RON on Exchanges
Step 1: Choose a reputable exchange platform
Select a trustworthy platform from numerous exchanges to make your purchase. Some trusted platforms include Coinbase, Binance, OKX, among others.
Step 2: Register an account
Create an account on the chosen exchange platform. You may need to provide personal information (such as phone number, email) to complete the registration process.
Step 3: Complete identity verification
For security reasons, some platforms may require you to undergo identity verification. Follow the platform's instructions, providing necessary identity information (such as country/ID number) and undergo facial recognition if prompted. Once your identity is confirmed, you'll receive notification.
Step 4: Link your bank or payment method
Link your bank account or other payment methods to the exchange platform for making payments when purchasing RON.
Step 5: Purchase RON
Find the option to buy coins on the exchange platform, select the C2C buying process, then input the amount of cryptocurrency you wish to purchase. Typically, you'll choose to buy USDT first and then proceed with the purchase method. Simply place your order, make payment to the seller, and you'll receive the cryptocurrency. Once the payment is completed, you can use your exchange assets to buy RON.
Step 6: Store your RON
After purchase, you can choose to store RON in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.
Step 7: Security Tips
To protect your exchange account and RON assets, it's essential to use strong passwords and enable two-factor authentication.
How to Buy RON via Over-the-Counter (OTC) Trading
Over-the-counter (OTC) RON trading occurs directly between buyers and sellers, bypassing exchanges or other intermediaries. Here are the general steps for OTC RON trading:
Step 1: Find an OTC trading channel
Start by finding a reliable OTC trading platform or service provider. These platforms typically offer online marketplaces or ways to connect with brokers for trading.
Step 2: Register an account
Sign up for an account on the chosen OTC trading platform. You may need to provide some personal information (phone/email) to complete the registration process.
Step 3: Complete identity verification
For security purposes, some platforms may require you to undergo identity verification. Follow the platform's instructions to provide necessary identity information (nationality/ID) and undergo facial recognition or other verification steps.
Step 4: Browse the trading list
After logging into your account, browse through the platform's trading list to find RON trades that interest you. You can choose trades based on the trader's reputation rating, trade volume, price, and payment methods.
Step 5: Select a trading partner
Once you find a suitable trade, click to enter the trading page and carefully review the trader's terms and conditions. Ensure you understand and agree to the trader's requirements, such as trade amount, payment method, trade time, etc.
Step 6: Negotiate trade details
After reaching an agreement with the trader, you can negotiate trade details such as trade amount, payment method, trade time, and location.
Step 7: Make payment
According to the agreement reached with the trader, use the chosen payment method to pay the RON purchase amount to the seller.
Step 8: Confirm receipt
Once the trader confirms receiving your payment, they will release RON to the RON address you provided. You can check your RON wallet balance after the trade to confirm its success.
3. How to Buy RON through Decentralized Exchanges (DEX)
Buying RON on decentralized exchanges (DEX) differs from purchasing other cryptocurrencies on centralized exchanges. Here are the general steps for buying RON on DEX:
Step 1: Choose a RON-supporting wallet
Create a new wallet supporting RON assets, then select a decentralized exchange that supports RON.
Step 2: Connect your wallet
Before using the DEX, you need to connect a wallet supporting the RON blockchain. You can connect your wallet to the selected DEX via browser extension or mobile application.
Step 3: Deposit funds
In your wallet, select deposit and choose the asset you want to deposit (such as stablecoins). Follow the wallet prompts to complete the deposit process.
Step 4: Find the trading pair
Search or browse for the RON trading pair on the DEX. Typically, you can find a search box or a list of trading pairs on the exchange's homepage or trading interface.
Step 5: Place an order
Once you find the RON trading pair, you can choose between market or limit orders and input the quantity you want to purchase. Ensure you input the correct price and quantity in the order, then confirm the order.
Step 6: Wait for the trade to execute
Your order will be submitted to the RON blockchain and wait for confirmation and execution by miners. Once the order is executed, you will receive the purchased RON, which you can view in your wallet balance.
Step 7: Withdraw funds
After completing the trade, you can choose to withdraw the purchased RON to your wallet for safer storage of your digital assets.
4. Official Channels for RON Project Team or Community
Sometimes, the RON project team or community may launch official channels for direct RON purchases. This may include private placements, presales, or other forms of direct sales.