RON is live! Find out how to claim your RON tokens
The much-awaited RON token has landed on Ronin. The native token for the Ronin sidechain was introduced conceptually by the Sky Mavis team towards the end of 2021 and is now live and available to claim on Katana DEX.
RON will be the primary token used across the whole Ronin ecosystem. Most importantly, the RON token will secure the decentralized network that supports the Ronin sidechain. The Ronin network will require validators to hold and stake RON tokens to validate blocks based on the proof-of-stake consensus mechanism.
According to the official RON litepaper, Ronin validators will receive rewards in newly issued RON for their efforts in securing the network. These RON rewards will be divided up among the validator and its delegates’ pro-rata based on the RON they have staked.
What can you do with RON tokens?
When Sky Mavis introduced Katana DEX in November 2021,…