Ronin announces the launch of the RON buyback program: the treasury will convert all ETH and USDC to RON within one month to reduce circulating supply and increase reserves.
According to the official announcement, Ronin holds more than $5 million in assets, including 890 ETH and 650,000 USDC; if fully converted, the amount of RON purchased would be equivalent to about 1.3% of the current circulating supply.
- Ronin Treasury will buy back RON by converting all ETH and USDC to RON within one month.
- Current assets are over 5 million USD, including 890 ETH and 650,000 USDC; equivalent to ~1.3% of RON circulating supply.
- One-way buyback policy: the treasury commits not to sell RON after the buyback.
Details of the buyback
Ronin will convert all of the treasury's ETH and USDC holdings to RON within a month, as part of the buyback program.
The information said that the total assets now exceed 5 million USD, including 890 ETH and 650,000 USDC. The conversion will take place according to the roadmap set by the treasury to buy RON on the market.
Goals and Meaning
The main goals are to reduce the amount of RON in circulation, increase the national reserve and strengthen the relationship with developers and Holder in the ecosystem.
Reducing circulating supply can create short-term price support pressure if demand remains unchanged; while increasing reserves gives projects more flexibility in development activities and ecosystem support.
Purchasing policy and its impact on the market
The Treasury commits to only buy RON in a “one-way” manner and will not sell RON after the buyback.
The non-sale commitment helps increase confidence in the stability of supply from the treasury side, but the Price Impact also depends on the volume of purchases at each stage, the implementation method and investor reaction.
FAQ
When does the buyback start?
According to the announcement, the transition will take place within one month from the date of official announcement.
How many assets does the Treasury currently hold?
The treasury is said to hold over $5 million in assets, including 890 ETH and 650,000 USDC.
How will the acquisition affect the supply of RON?
If all were converted to RON, the purchase would be equivalent to about 1.3% of the current circulating supply, which could reduce the circulating supply.
Does the Treasury sell RON after purchase?
The Treasury stated that it would only make one-way purchases and would not sell RON after the buyback.
