Axie Infinity’s Ronin Token is Live
After months of research and testing, the Axie Infinity Ronin token is live. Finally, investors in the game can carry out speedy transactions on the Axie Infinity marketplace for low gas fees. The first 100 transactions are free!
What is the Ronin token?
The Ronin token (also known as RON) is the official cryptocurrency token used on the Ronin Blockchain, an Ethereum sidechain. It is a governance token that allows investors to wield voting and management rights. It fosters collaboration between the investors and the developers. Governance tokens make the users a part of the decision-making process. The RON token can be used for the following:
1. Staking and rewards
2. Gas fee payment
3. Over 100 daily transactions
The launch of the Ronin token on the Ronin blockchain is a bold step towards the decentralization of the network. This will further increase the success of the online play-to-earn blockchain game known as Axie Infinity.
Learn more: Axie Infinity’s Blockchain Launches Governance Token
What is Axie Infinity?
Axie Infinity is a play-to-earn game built on the Ronin blockchain, an Ethereum sidechain. It offers a way for gamers and gaming enthusiasts to earn money while playing. To play Axie Infinity, you’ll need at least 3 Axies to start. One Axie can cost as much as 1000 dollars! So, it is a profitable game for both players and investors.
Players earn in-game assets each day they play the game. They can exchange these assets on the Axie Infinity marketplace for real money. Investors purchase a lot of Axies and earn commissions off the earnings of the players they lease their Axies to. This practice is called revenue-sharing. The people involved in it are members of a gaming guild.
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What is a gaming guild?
A gaming guild is made up of investors and scholars. Investors are the managers of the guild; they purchase a lot of Axies and lease them out to scholars who are experienced gamers for a percentage share of their winnings. Each gamer in a guild is called a scholar because they are granted a “scholarship” to play Axie Infinity.
Gaming guilds are a popular route among gamers because it allows them to play a game they love and earn some money without taking on the cost of purchasing Axies.
The CryptoPiggy Guild is a gaming guild that offers gamers the opportunity to play Axie Infinity. Sign up to join our guild and become a part of the play-to-earn, decentralized economy.
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