AXS is the governance token for the Axie Infinity game. Token holders will be able to shape and vote for the direction of the game universe. This is unlike traditional games where all decisions are made by the game developers. AXS holders will be able to stake their tokens to earn more AXS and even vote for governance proposals.
As such, the team behind Axie Infinity indicated that this token will be useful as a mechanism for governance, rewards and will serve the ecosystem DeFi a movement encouraging alternatives to traditional, centralized forms of financial services. linked to the network.
The company that created the popular game Play-to-Earn Axie Infinity, Sky Mavisannounced the launch of RON, your new governance in the world of cryptocurrencies, governance is defined as the people or organizations that have decision-making powers regarding the project. token specially associated with your network, Ronin Network.
Sky Mavis lanza token RON
The corresponding announcement was made through the official channels ofSky Mavis, Axie Infinity y Ronin en Twitter, where the following message was posted to announce the launch of the token RON:
RON IS LIVE!
— Ronin (@Ronin_Network) January 27, 2022
According to a statement released by the company, the token RON is at the heart of its ecosystem, as it will be the digital digital technologies are these electronic tools that have the ability to generate, store or even process data. asset with which transactions will be paid for through Ronin Network, having in turn usability within the ecosystem DeFi driven by Sky Mavis, as it will be used for governance and as a reward mechanism.
About the RON token and Ronin Network a network refers to all nodes in the operation of a blockchain at any given moment in time.
Planned as one of the most important steps in the roadmap a roadmap is a high-level visual summary that helps map out the vision as well as the direction of a specific product. of the project, the team of Sky Mavis qualifies the arrival of RON as a major milestone for its ecosystem, as it will significantly strengthen its gaming ecosystem through Ronin Network, serving as a mechanism to assist the growth of the gaming sector. Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. based on NFT.
“We are excited to collaborate with the industry to create a broad-based gaming ecosystem that shares a massive user base, community-owned protocols, applications and a large liquidity how easily a cryptocurrency can be bought and sold without impacting the overall market price. of assets. So in many ways, today’s launch of the RON token a digital unit designed with utility in mind, providing access and use of a larger crypto economic system. and our Ronin strategy is an important milestone for our industry.”
It is estimated that the network Ronin currently has about 250,000 active addresses per day, and data published by Nansen reveal that 15% of all NFT transaction volume was processed here in 2021. In this regard, the co-founder of Sky Mavis, Jeff Zirlin, comentó:
“It’s important that Ronin is owned and shared by the community that builds and uses it. In Ronin’s first month, Axie experienced a 300% increase in monthly NFT non-fungible tokens (NFTs) are cryptocurrencies that do not possess the property of fungibility. trading volume how much cryptocurrency has been traded over a set period, such as the past 24 hours. and a 131% increase in daily active fighters.”
Plans for RON
From an incentive perspective, one of Sky’s plans Mavis is to make use of the token RON to incentivize and finance initiatives within the space of the NFT and games Blockchain:
“We have created a RON token ecosystem fund to align incentives for those who commit to working with us. Onboarding developers and other game teams will be a deliberate ongoing process.”
In terms of governance, the validators of the Ronin tokens may be pledged as collateral collateral is any asset that a lender accepts as a form of security to ensure that the borrower repays a loan. RON to perform this task and help the network process transactions:
“Ronin validators will be required to hold and dispose of RON to participate in block a file containing information on transactions completed during a given time period. Blocks are the constituent parts of a blockchain. validation. They will be rewarded with newly issued RON and RON used for gas a term used on the Ethereum platform that refers to a unit of measuring the computational effort of conducting transactions or smart contracts, or launch DApps in the Ethereum network. It is the “fuel” of the Ethereum network. *see Gas Limit and Gas Price. fees. This RON will be split between a validator a participant on a proof-of-stake (PoS) blockchain, involved in validating blocks for rewards. and their delegates… based on the RON they have disposed with the validator. The validator may also choose to collect a fee from their delegates.”
As an incentive, transactions will continue to be free of charge for all those who handle Axies y Lands in their wallets Ronin, precisely to promote the growth of the ecosystem.
According to data from CoinMarketCap, At the time of publishing the token is trading at about $3.3 per unit, capitalizing on a slight 7.4% drop since launch.
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Version by Angel Di Matteo / DiarioBitcoin
Image from the Axie Infinity website