Axie Infinity is an NFT-based online video game created by Sky Mavis.
To begin playing, new players must buy at least three Axies. Furthermore, they can earn Ethereum-based in-game cryptocurrency and cash out their tokens every fourteen days.
On Thursday, the developer of the game Sky Mavis, first released the expected RON governance token.
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The purpose of the new token is staking, participating in community schemes, and paying for the transactions on Ronin. Therefore, the token is based on the Ethereum sidechain Robin Network.
Developers say that Roning easily has approximately 250,00 different active addresses daily. Moreover, Ronin’s decentralized exchange Katana is the number 2 largest DEX, by the number of the weekly active users.
Additionally, blockchain has 15% of non-fungible token transactions that occur on the network in 2021, surpassing the $5 billion deposit value. The total number of Ronin wallet downloads is quite promising, being over 2 million. Besides, it’s supposedly environmentally friendly since you need 700 million tokens to reach one Bitcoin energy level.
However, there were complaints from several displeased Axie Infinity players saying:
SLP still on the ground LOL, if this coin stays like that I’m gonna quit Axie man.
So, the smooth launch was offset.
Several players described their frustration via Twitter about Axie Infinity shifting to the development of RON, and not propping up the value of SLPs. The Crypto bear market made SLPs drop from $0.36 to $0.01 all in a few weeks.
Nevertheless, in the NFT-based online video game, for completing tasks, users were rewarded with an asset called Smooth Love Potion. They can earn even up to 1,400 SLPs per day by playing, or 680 SLPs if they decide to join a guild (helps players to enter the game with scholarships).
Luckily, by looking at the initial circulation supply of 185 million, 70 million taken from that amount will be generously given to different members and players as a reward for their involvement. So they will probably be able to feel at ease for a while.
Note that each RON is worth 3.30 Tether on OKX, currently.
