Axie Infinity Founder Sky Mavis Launches RON Governance Token

Posted on by American Coins & Gold

Axie Infinity Founder Sky Mavis Launches RON Governance Token
Sky Mavis, creator of play-to-earn Axie Infinity is releasing RON, a governance token for its Ethereum sidechain, the Ronin Network, according to a company announcement Thursday. The RON token enables users to pay for transactions on Ronin and also includes decentralized finance (DeFi) features like community governance and future utility via staking through validators to earn rewards.RON is currently trading at around $3.75 according to CoinMarketCap.Ronin was launched in February 2021 and aims to be an industry leading blockchain for gaming by speeding up transactions and eliminating expensive gas fees for players. In November, the layer 2 product from Sky…