Ronin RONPrice $ 0.664

Ronin is an EVM-based blockchain, crafted for developers who want to build games with player-owned economies. These ecosystems, due to their combination of community, leisure, and economics, are becoming known as digital nations. Ronin's main benefits are:

• Cheap & fast transactions with quick confirmation time (2-3s block time).
• The ability to withdraw Axie assets back to Ethereum Mainnet using the Ronin bridge.
• Simplified onboarding for new users with a fiat on-ramp and native wallet.

Game developers need a battle-tested NFT scaling solution to reach the hearts of a new audience. Ronin has a unique opportunity to capitalize on this need because:

• Axie Infinity network effects are strong and growing stronger by the week. This strengthens the case for Ronin as the default NFT scaling solution for gaming
• Ronin is operational and quickly becoming battle-tested. Today, Ronin handles more NFT volume than all other Ethereum NFT scaling solutions combined. In 2021, more than 15% of all NFT volume happened on Ronin
• The Ronin bridge is currently the third-largest bridge by total volume transferred, right behind Polygon and Avalanche. There's over 3 B in value deposited on the Ronin bridge, making it a top 5 Ethereum bridge by TVL. 

RON is the ecosystem token of the Ronin blockchain. Its main purpose is to secure and decentralize the network. Ronin will thrive if RON is in the hands of the builders and users of the network. Ronin validators will need to hold and stake $RON to participate in validating blocks. They are rewarded with newly issued RON. This RON is divided up among a validator and its delegate's pro-rata based on the RON they have staked with the validator. The validator may also elect to take a fee from its delegates. Holders of $RON will be able to stake their $RON tokens with a validator to earn $RON rewards and participate in the governance of the network. Fee structure and use of the RON treasury are potential governance topics.

RON stakers can choose a validator. Validators can set a fee that they take from their delegates. Validators receive gas fees, Dapp revenues, and staking issuance and share them with stakers pro-rata - a validator fee (commission) set by each validator.