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Learn more about Axie Infinity’s Ronin blockchain

2 min read

 

Ronin is the new blockchain launched by Sky Mavis, producer of Axie Infinity, the blockchain offers free transactions from the start, racking up 4 million downloads worldwide.

Recently, along with blockchain, the company launched RON, the token of the Ronin Blockchain Network. THE$RON holders will be able to stake their $RON tokens with validators to earn rewards and participate in the governance of the network.

The fee structure and use of RON’s treasury are governance topics. That way, your future will be decided by the users. The maximum supply of RON is 1,000,000,000 and will be reached 294 months after the start of issuance.

The supply is distributed as follows:

allocated to Token value % of Supply
Sky Mavis 300,000,000 30
Community 300,000,000 30
Betting Rewards 250,000,000 25
Ecosystem Fund 150,000,000 15

To buy RON, users must go to Ronin’s official decentralized exchange Katana and Gate.io. Currently, the only tokens available for swap are WETH, AXS, SLP and USDC and USDT on Gate exchange.

Blockchain Ronin

Learn more about Axie Infinity's Ronin blockchain

The main change for Axie Infinity users will be the GAS fees, which will be paid in $RON. Thus, users will no longer receive 100 free daily transactions.

However, Sky Mavis has confirmed GAS reductions for Axie NFT holders and a unique perk for those entering Ronin for the first time.

  • New users will receive 20 free transactions with no fees. This is a one-time allocation and once the user completes the free transactions, they will start paying fees in RON;
  • Holders of Axies or Axie Infinity Lands will receive a set amount of free transactions every day. Daily limits reset every 24 hours and will not accumulate overnight. For example, if a user doesn’t spend 3 free transactions in one day, he won’t be able to use them in another day;
  • To further develop the demand for RON, Sky Mavis is setting up a RON/ETH pool
  • Sky Mavis, along with RON, also announced Scatter, a new solution for sending RON to multiple wallets at once.

Free transactions

As announced, NFT holders in the Ronin Ecosystem get free transactions daily.

Free transactions from Axie holders

1 Normal Axie 3 tx/day free
1 Meo Axie 10 tx/day free
1 Origin Axie 100 tx/day free
1 Mystic Axie 500 tx/day free

Free transactions for landowners Axie Infinity

1 Savannah Land 20 free tx/day
1 Forest Land 60 free tx/day
1 Arctic land 180 tx/day free
1 Mystic Land 350 tx/day free

Lastly, Sky Mavis confirmed that these benefits will be tweaked in the future.

Meet the 27-year-old woman who created the most valuable collection of NFTs on the market and received nothing

All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

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