Ronin ron

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Ronin is an Ethereum-compatible (EVM) blockchain designed specifically to support the spread of web3 games. It was designed out of a need to help scale the popular play-to-earn game Axie Infinity but has expanded to become one of the leading blockchains to build and launch games.

Ronin, developed by game studio Sky Mavis, addresses the performance and cost issues that hampered Axie Infinity on Ethereum mainnet.

Ronin is not a generic blockchain but is optimised for gaming experiences with features like:

• Fast, low-cost transactions: Ronin prioritises quick confirmations and negligible gas fees to facilitate seamless gameplay.
• EVM compatibility: Developers can easily migrate projects from Ethereum to Ronin.

Ronin uses a unique proof-of-stake model to power the network, called proof of authority.

Ronin’s native token is RON, which has a maximum supply of 1 billion. RON powers the Ronin ecosystem with the following utilities:

• Gas fees: Users must pay gas fees in RON for any transactions on the network.
• Governance: RON holders can stake their tokens to participate in governance.
• Validator rewards: Staked RON is used to secure the network and reward validators.

Emissions Schedule

The emissions schedule outlines a multi-year release of tokens, which started in July 2020 (Year 0).

Token Distribution

The total supply of RON was initially distributed as follows: community (30%), Sky Mavis (30%), staking rewards (25%) and ecosystem fund (15%).