The Ronin blockchain, developed by Sky Mavis—the creators of Axie Infinity—has carved a niche for itself in the Web3 gaming ecosystem. This article brings to light the capacities of Ronin, now actively traded on Binance, and demonstrates how to procure its native token, RONIN coin.
Revolutionizing Web3 Gaming with Ronin
Originating as the infrastructure for the renowned game Axie Infinity, Ronin has quickly evolved into a hub for decentralized gaming applications. Its competitive edge lies in its ability to perform up to 100,000 transactions per second, thanks to its shift from a Proof of Authority to a Delegated Proof of Stake consensus. This change has significantly upgraded transaction speeds while maintaining system security.
Ronin’s reputation in the gaming sector was further solidified when the beloved game Pixels transitioned from Polygon to Ronin in November 2023. This move attracted a surge in network activity, cementing Ronin’s position as a host for premier gaming projects.
The launch of the RONIN coin in January 2022 introduced a new dimension of functionality to the Ronin sidechain. Through the Katana decentralized exchange, RONIN enables effective and cost-efficient token exchanges, overcoming Ethereum’s notorious transaction fee issue.
March 2023 marked another milestone for Ronin with its shift to a DPoS model, enhancing the staking possibilities for RONIN coin holders. Participants can stake their RONIN to secure earnings and contribute to the network’s robustness, although most transactions on the platform still require RONIN as payment.
Acquiring RONIN Coin on Binance
Investors can acquire RONIN coins on Binance, the leading cryptocurrency exchange globally, which listed RONIN on February 5, 2024. The token is available across various trading pairs, including RONIN/BTC and RONIN/USDT. Prospective buyers must register with Binance, deposit funds into their account, and navigate to the desired trading pair to initiate a purchase through a buy order on the platform.