Announcing the addition of the EVM-Compatible Web3 Gaming Blockchain Ronin (RON) to its listings.

Cryptocurrency exchange  Binance  announced its intention to list  Ronin (RON) Trading pairs launching today will include RONIN/BTC, RONIN/USDT, RONIN/FDUSD, and RONIN/TRY. Users can begin depositing RONIN now, with withdrawals slated to open on February 6th at 1:30 PM UTC.

According to the latest announcement, there are no fees associated with the listing of RONIN.

Ronin operates as a blockchain aligned with Ethereum's Virtual Machine (EVM) and is specifically crafted for the Web3 gaming environment. Developed by Sky Mavis, the creator of the popular Axie Infinity, Axie Infinity Ronin aspires to revolutionize the blockchain gaming sphere by addressing major roadblocks like exorbitant gas fees and sluggish transaction times. Ethereum’s Capable of processing an impressive 100,000 transactions every second, Ronin utilizes a Delegated Proof of Stake (DPoS) consensus model, creating a unique combination of speed and security that guarantees a seamless gaming experience.

The Introduction of RON Enhances Ronin's Sidechain Capabilities

Since its launch in 2022, the native token RON plays a vital role within the ecosystem established by Sky Mavis to bolster Axie Infinity. The introduction of RON has notably optimized the Ronin sidechain, especially in facilitating affordable and swift token swaps on the decentralized exchange Katana, efficiently addressing the high gas fee issues usually associated with the Ethereum ecosystem.

With Ronin's transition to a DPoS framework in 2023, RON's utility now encompasses staking as well. Users can stake their RON with validators on the network, earning rewards while boosting its functionality across the Ronin ecosystem. Sky Mavis Following the recent announcement, RON's value took a hit, dropping nearly 9%, currently trading at $2.88 compared to its earlier price of $3.49 earlier in the day, as reported by ConMarketCap.

As it stands, it's trading at $2.918, reflecting a 10% decrease compared to its price before the listing.

Ronin: A Driving Force in Blockchain Gaming

Recently, Sky Mavis formed a strategic partnership with Foonie Magus to further develop the upcoming blockchain game Apeiron within the Ronin Web3 gaming ecosystem. Sky Mavis has highlighted that both companies share a vision of creating groundbreaking gaming experiences on the Ronin platform.

The listing of Ronin on Binance signifies its growing influence in the blockchain gaming sector, as it continues to redefine the future while tackling pertinent challenges in the industry.

Please be aware that the information here should not be viewed as legal, tax, investment, or financial advice of any kind. It’s crucial to invest only what you can afford to lose, and seek independent financial counsel if you are unsure. For additional insight, we recommend checking out the terms and conditions along with the help and support sections provided by the issuer or advertiser. MetaversePost is committed to delivering accurate and unbiased news, although market dynamics can shift rapidly. introduce Alisa, a passionate journalist at MetaversePost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the ever-evolving world of Web3. With a sharp eye for emerging trends and technologies, she provides in-depth coverage to keep readers informed and engaged in the continually changing landscape of digital finance.

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