RON seems to be holding firm at $3
Original author: Joyce
On February 8, the Ethereum side chain Ronin ecological internal chain game Pixels announced the launch of the token PIXEL and launched Binance new currency mining. As of the time of writing, the funds involved in PIXEL mining on Binance have exceeded 8 billion US dollars, including more than 2 billion FDUSD and more than 16 million BNB.
When Binance mining was coming to an end, Pixels announced on social media on February 18 that it would airdrop to RON stakers and stated that 20 million PIXEL tokens had been reserved for distribution in two phases, with a snapshot date of February 8 10:00 a.m. The PIXEL tokens available to users are divided into 4 levels according to the amount of pledged RON, among which 183.34 PIXEL can be obtained by pledging 1 RON.
The whale is making frequent moves, what is the return from staking RON?
If according to community speculation, the price of PIXEL after being listed on Binance is between 0.4-0.6, then the cost of staking one RON (about 2.6 US dollars on February 8) can earn at least 183.34*0.4=73.3 US dollars, and the income More than 28 times, which can be said to be very impressive.
The potential returns from staking RON were promising as early as three months ago. In December 2023, the DeFi protocol Impossible Finance announced that it would deploy Launchpad based on the Ronin network and release Web3 game project assets. Products released on Launchpad may require tokens such as RON, AXS and IDIA to be staked for distribution. This move greatly stimulated the willingness to pledge RON. Three days later, Jihoz.ron, co-founder of Axie Infinity, posted on social media that 62% of RON tokens had been pledged.
According to community observation, one week before Impossible Finance released the announcement, a whale transferred a large amount of funds to the Ronin network. The address starting with 0×088 transferred 474.99 ETH (worth approximately US$990,000) to the Ronin network. At that time RON costs less than $1. Before Ronin was listed on Binance, the community also discovered that multiple VC founders began to buy RON in large quantities. Tagent founder Wangarian already held more than $1.9 million in RON.
Why are whale optimistic about RON? This is due to the strong development of the Ronin ecosystem in the past six months. The staking function of RON is a key part of Ronin's ecosystem activation. When the RON staking function was launched in March 2023, Ronin announced the first batch of Ronin-based game studio partners, including: Directive Games, Tribes Studio, Bali Games, Bowled .io and SkyVu. Pixels later joined Ronin.
In addition to potential airdrop expectations, the price of RON has been performing well in the past three months. After being listed on the Binance trading platform on February 8 and encountering selling pressure from suspected "rat positions", resulting in a short-term drop of more than 15%, the price of RON has already It gradually recovered from US$2.5 to around US$3. Data shows that RON has increased by more than 280% in the past three months. Therefore, the "passive income" obtained from staking RON is also considerable.
As of the time of writing, more than 188 million RONs have been pledged, with a total value of over US$564 million. Although Pixels' airdrop snapshot for RON stakers has ended, other games in the Ronin ecosystem besides Pixels, such as Aperion and The Machines Arena, have not yet issued coins, and there are still potential airdrop expectations for RON stakers. Based on these analyses, how to stake RON? What potential does the Ronin ecosystem have for blockchain games? BlockBeats will be introduced in this article.
Ronin Ecological Potential Chain Tour
Zoids Wild Arena
Game developer ACT Games is a well-known Korean game company dedicated to promoting TCG and other card games. In November 2023, Ronin developer Sky Mavis cooperated with ACT Games and planned to introduce all ACT games to the Ronin network. Zoids Wild Arena is the first game from ACT Games to be migrated to Ronin and is positioned as a TCG game. (Collectible Card Game), players can collect Zoids series mechanical creature cards and engage in 1v1 or 3v3 battles.
The Machines Arena
The Machines Arena is a 4v4 multiplayer online shooting game. The game adopts a third-person perspective and provides two single-player and multiplayer modes. Players will fight as tanks or auxiliary heroes on the sci-fi battlefield. Directive Games, the developer of The Machines Arena, is a game development team based in Hong Kong, China, focusing on the development of AR games. The Machines Arena has been tested on PC and is planned to be launched on the Epic Games Store. The Machines Arena plans to develop cross-platform and will later be launched on iOS and Android platforms.
Apeiron
Apeiron is a card duel chain game in which players play gods and participate in battles using a card-based real-time battle system. Apeiron completed a US$10 million seed round of financing led by Hashed in 2022, and announced its migration to the Ronin network in December 2023. The game is currently in the testing phase, and the development team Foonie Magus plans to launch global mobile in the first quarter of 2024 The game version will include a new PvP mode, token issuance, and airdrop activities for early supporters.
On January 16, Ronin announced that Apeiron was officially launched on Mavis Hub. Players can participate in staking and daily check-in activities in the Apeiron godiverse, collect NFTs on Mavis Market, and win $ANIMA through Apeiron challenges.
How to stake RON through Ronin Wallet?
Staking RON needs to be done through Ronin Wallet. Download the browser extension through the official website , set the password, and seed phrase to create a wallet account based on Ronin Wallet. Currently, in addition to Binance, which is about to launch RON, the CeFi platform that provides RON trading pairs is OKX. Select the Ronin network and send the RON held to the wallet address on Ronin Wallet.
Enter the staking interface from the Ronin official website, click the wallet icon in the upper right corner, and connect your wallet.
The Ronin network already has 22 verification nodes. Select the verification node you want to participate in and click "Delegate" to pledge. If you want to know about the selected verification node, click the node name to open the detailed information page, and you can learn about the number of participants, delegation rewards, APR and other indicators of the node.
After clicking "Delegate", enter the amount of RON to be pledged in the pop-up interface, and you can preview the daily, monthly and annual staking rewards amounts. After confirmation, the signature can be completed to pledge.
Return to the staking page of Ronin's official website and click the My staking tab to view the RON assets being pledged.
