Ronin (RON)
Basics
History
Originally created by the team behind Axie Infinity.
Audits & Exploits
- Bug bounty program can be found [insert here].
- DeFi Safety called Ronin 'the least secure network in DeFi'.
Bugs/Exploits
Governance
Admin Keys
DAO
Notable Governance Votes
Treasury
Token
Launch
- A RON token for Ronin got teased on 13-10-2021, shortly after Sky Mavis raised 152m in private investment, hinting that RON is probably their way of returning money to their investors.
Token Allocation
Inflation
Utility
Got its token launched (27-1-2022). To 'improve its utility' free tx were reduced and users need to own RON for fees (26-4-2022).
Burns
Other Details
Coin Distribution
Technology
- Whitepaper or docs can be found [insert here].
- Code can be viewed [insert here].
- Consensus mechanism: PoA
- Algorithm:
- Virtual Machine:
- Development language used:
Transaction Details
How it works
"Ronin mainnet uses Proof-of-Authority. PoA is a modified version of PoS and validators on PoA are usually less than 25. In the early stage of the Ronin Network, Sky Mavis will have sole discretion around validators. Therefore, the team has recruited an all-star cast of partners from the traditional gaming, crypto, and NFT space to serve as validators of the network such as Binance, Unisoft, Animoca, Nonfungible.com, Dapp.com"
Fees
Upgrades
Staking
Validator Stats
"Ronin has added three new validators to the project, and increased its validator set to 17. The new Ronin validators include Efficient Frontier, Community Gaming and Nansen."
- From Crypto Briefing (24-12-2020):
"French gaming giant Ubisoft is the inaugural validator on the Ethereum sidechain. Besides Ubisoft, the list of validators includes leading cryptocurrency exchange Binance, NFT data provider NonFungible.com, gaming company Animoca Brands, and investment firm Sparq."
Liquidity Mining
Scaling
Interoperability
Other Details
Oracle Method
Their Other Projects
L2 as a Service
It will offer the ability for developers to deploy their own dedicated layer-2 chains via zero-knowledge zkEVM tech built with Polygon's Chain Development Kit. Developers will need to stake 250,000 RON (about $568,000 worth at present) to run a validator before launching a new chain, with economic activity on the layer-2 networks potentially increasing staking rewards for delegators.
Roadmap
- Can be found [Insert link here].
Revenue
Usage
Other notable games, besides Axie Infinity, based on Ronin include Ragnarok: Monster World, Apeiron, Kaidro, and The Machines Arena. The network now has 1.4 million daily active addresses (6-2024).
Projects that use or built on it
Competition
Pros and Cons
Pros
Cons
Team, Funding and Partners
Team
- Full team can be found [here].
Funding
Partners
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