$RONIN What is coin?

RONIN Coin is the native cryptocurrency of the Ronin Network and can be called the cornerstone of the network. RONIN Token serves a wide variety of functions in the Ronin ecosystem. It is primarily used to pay gas fees required for transactions on the network, allowing users to seamlessly conduct in-game transactions and NFT transfers.

RONIN Coin also plays a critical role in the staking mechanism designed to ensure the security and stability of the Ronin network. Users can support the network's validators by staking RONIN Coins and earn rewards in return. This process reinforces the decentralized nature of the Ronin Network and encourages user participation.

This versatile use of RONIN Coin is both a fundamental element for the functioning of the network and allows users to actively participate in the ecosystem.