Sky Mavis, the company behind one of the popular cryptocurrency games Axie Infinity, has launched the RON governance token on the Ronin network, the Ethereum sidechain used for Axie Infinity.
How reported developers, the RON token gives the opportunity to vote for proposals for the development of the network, the possibility of staking, as well as using it to pay commissions on the Ronin network. A total of 185 million RON will be issued, with 70 million tokens planned to be distributed to the community, including Axie Infinity players. RON is currently trading at $3.3.
The daily number of users of the Ronin network reaches 250,000. At the same time, the Katana decentralized exchange in this network ranks second among all DEXs in terms of the number of users. The Ronin network currently has $5 billion in assets and accounts for 15% of total NFT transactions. In addition, the Ronin wallet has been downloaded over 2 million times.
Not all players in Axie Infinity reacted positively to the launch of RON. The game allows you to receive SLP tokens for participation in battles and activity in the game. This allows players to earn, and quite significant amounts. However, the SLP rate is constantly declining, which means that the income of players is also declining. If in May last year SLP traded at $0.36, then at the moment the token rate has fallen to $0.01. Axie Infinity users are unhappy that Sky Mavis is not trying to raise the SLP rate.
“The hype around the new token? But all developers do not care about the status of SLP. Only talk about big plans and a long life of the project. So, are you planning to continue to merge SLP, just to get money from investors? ”, – wrote one of the disappointed players.
Recall that at the end of October, Sky Mavis raised $150 million in the next round of financing, after which the company’s capitalization exceeded $3 billion.
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