How to Buy Ronin Coin (Guide)

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Bittime - Ronin isan EVM blockchaindesigned specifically for gaming. Launched by Sky Mavis, creator of Web3 flagship title Axie Infinity which has generated over $1.3B in revenue, Ronin is the only blockchain proven to be able to scale a single game to accommodate millions of daily active users and has processed over $4B in NFT volume. 

Also Read: Exploring Axie Infinity (AXS): A Gaming Metaverse

What Are Ronins?

Ronin is optimized for near-instant transactions and extremely low fees that allow millions of in-game transactions to occur without a hitch, making it a top choice for Web3 games.

In its first nine months, Ronin has amassed 250,000 unique daily active addresses, $5 billion in TVL, more than 2 million wallet downloads, and 15% of all NFT transactions on the market. 

Also read : What is a Decentralized Exchange (DEX)?

Its DEX, Katana, is the second most popular decentralized exchange based on weekly active users and allows users to trade tokens within the Axie Infinity ecosystem.

Founder and Development Team

Ronin was created by Sky Mavis, the team behind Axie Infinity and is backed by leading investors such as Accel, a16z, Binance Labs, Animoca Brands, Paradigm, Libertus, Mark Cuban.

Co-founders include:

Jeffrey Zirlin and Alexander Leonard Larsen.

Buying Ronin (RON) on Bittime
1. Select a Crypto Asset Exchange

Choose a crypto asset exchange that supports RON, such as Bittime.

2. Create an Account

Register and create an account on the exchange of your choice. Typically, you will need to provide personal information and identity verification.

3. Deposit Dana

Deposit funds to your exchange wallet. You can use rupiah (IDR) or other crypto assets that you have.

Each platform has different deposit rules. Make sure you understand it well.

4. Find RON Trading Pairs

Search for RON trading pairs on the exchange application or website. For example, RON/IDR or RON/BTC.

5. Make a Purchase

Determine the amount of RON you want to purchase and place your order. You can choose a market order (immediate execution) or a limit order (determine the price).

6. Withdraw your RON

Once the purchase is complete, RON will enter your exchange wallet. You can withdraw it to an external wallet for holding, trading, or investing.

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The uniqueness of Ronin

Ronin is battle-tested and scalable. In 2021, Ronin processed 15% of all NFT trading volume and is home to all Axie Infinity assets - Axies, Land, SLP, and AXS. 

Ronin only loses to Ethereum when it comes to NFT sales by volume. While there are many other chains available, Ronin is the only platform proven to be able to expand a single game to accommodate millions of daily users.

Optimized for Gaming

Ronin is highly optimized for gaming and eliminates the bloat found in other permissionless blockchains. We strive to curate high-quality apps and ensure there is little spam and high uptime for games.

Eco-Friendly Ronin

Ronin is environmentally friendly compared to other chains. For comparison, one Bitcoin transaction uses as many as 695,505,316.31 Ronin transactions.

Sky Mavis Support

Ronin is backed by Sky Mavis, creator of the number 1 NFT project by adoption and volume of all time, Axie Infinity. Sky Mavis' experience in building and expanding Axie Infinity has given them unique insights into product development, community building, and marketing strategies that can be leveraged by partners deploying on the network. 

Sky Mavis offers advisory support and grants to help reduce risk and increase the chances of success for games looking to launch.

Ronin Security

Thanks to Ronin's huge appeal and being a pioneer in this space, Sky Mavis was one of the first companies to face the challenges of scale 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 siphoned from the Ronin bridge. This breach was not caused by a technical flaw, but a socially orchestrated attack by an elite group of hackers. This incident made Sky Mavis a truly antifragile, trustless organization. 

Sky Mavis has implemented strict 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 enhancement details can be found here.

Pool Katana DEX

RON was launched via pools on its native Katana DEX without any private sales taking place and will be distributed through an incentivized liquidity program. Issuance will be reduced every quarter, and the total RON supply is capped at 1 billion and will be reached 108 months after issuance begins.

RON Token Allocation

• Rewards (25%): staking and bridge incentives

• Community (30%): liquidity mining, content creation, rewards programs, grants, and hackathons.

• Tim (30%): Sky Mavis

• Ecosystem funding (15%): grants, investments, and hackathons bring revolutionary content, apps, and devices to Ronin.

How to Buy Ronin (RON) on Bittime

You can buy and sell RON tokens in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. RON is available on Bittime with RON IDR pairing . 

To be able to buy RON/IDR tokens on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of Bittime assets is IDR 10,000. After that, you can purchase RON in the application. Complete Guide on How to Buy RON on Bittime. 

Monitor price chart movements for Ronin (RON) , Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime. 

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DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.