We are thrilled to share that Ronin (RON) is now listed on Coinhako!

What are Ronin and RON?

Ronin is a blockchain environment designed for gaming applications, created by the developers of Axie Infinity. It is optimized for gaming, prioritizing efficiency, and reduced data processing compared to other blockchains. 

The Ronin blockchain uses the RON token to enhance the gaming experience with decentralized solutions — RON holders can stake the token and vote on proposals that impact the Axie Infinity ecosystem. It is the gas token for the Ronin blockchain, required by users to pay for transactions. RON can also be staked for the blockchain's DPoS mechanism or other DeFi purposes.

There is a total supply of 1,000,000,000 RON and RON has traded for USD $4.50 at its peak.

How does Ronin work?

Ronin facilitates swift, low-cost transactions, supporting a seamless process for in-game exchanges. It is an Ethereum Virtual Machine-compatible blockchain focused on providing rapid speeds and low costs for gaming applications. Ronin includes a decentralized exchange, Katana, which enables token exchange within the Axie Infinity ecosystem, enhancing liquidity and user engagement.

Ronin originally used Proof of Authority (PoA) consensus, where trusted selected validators maintain the network and verify transactions. While PoA requires less energy than Proof of Work (PoW) and enables faster transaction speeds it is often criticized for being less decentralized and poses a potential point of failure if validators act maliciously.

Since then, Ronin has integrated Delegated Proof of Stake (DPoS) to increase decentralization. DPoS is a consensus mechanism where token holders delegate their stake to select validators. These validators verify transactions, produce new blocks, and receive rewards. Rewards are then shared between validators and delegators. Ronin also implemented slashing rules to penalize validators who act maliciously, deterring improper behavior.

Why does Ronin stand out?

Scalability

Ronin is second only to Ethereum in NFT sales by volume. It is the only platform proven to scale a single game to millions of daily users.

Gaming optimization​

The Ronin team made the effort to cut out bloat found in other permissionless blockchains and curate high-quality apps to ensure there is minimal spam and high uptime for games.

Security​

Sky Mavis is a fully antifragile, zero-trust organization that implements rigorous security measures, including a full code review, optimization, and security audits of the entire architecture.

Experienced builders

Ronin is backed by Sky Mavis, the creator of the leading NFT project Axie Infinity. Their experience building and scaling Axie Infinity provides unique insights into product development, community building, and go-to-market strategies.

What can you do with RON on Coinhako?

RON will be available for users to trade across all swap pairs on Coinhako.

To gain access to any of these trading pairs, you can either:

1. Fund your SGD wallet on Coinhako instantly with PayNow (or any other supported payment method)
2. Purchase RON instantly with Visa / Mastercard 

Please note that the sending and receiving of RON will not be available for this release.

Risk Warning on Digital Payment Token Services

Hako Technology Pte Ltd ("Coinhako") is licensed to provide digital payment token services under the Payment Services Act 2019 (No. 2 of 2019).

The Monetary Authority of Singapore ("MAS") requires us to provide this risk warning to you as a customer of a digital payment token ("DPT") service provider.

Before you pay your DPT service provider any money or DPT, you should be aware of the following.

1. Your DPT service provider is licensed by MAS to provide DPT services. Please note that this does not mean you will be able to recover all the money or DPTs you paid to your DPT service provider if your DPT service provider’s business fails.
2. You should not transact in the DPT if you are not familiar with this DPT. This includes how the DPT is created, and how the DPT you intend to transact is transferred or held by your DPT service provider.
3. You should be aware that the value of DPTs may fluctuate greatly. You should buy DPTs only if you are prepared to accept the risk of losing all of the money you put into such tokens.
4. You should be aware that your DPT service provider, as part of its licence to provide DPT services, may offer services related to DPTs which are promoted as having a stable value, commonly known as “stablecoin”.

Visit: Coinhako.com/risk-disclosure for more information.