GCrypto Lists Ron, One Week After Axie Partnership Announcement
Learn about GCash’s latest integration of the Ron token into GCrypto, which aims to enhance Filipino gamers’ access to the Ronin Network.
More than a week after its partnership announcement with Axie Infinity developer Sky Mavis, GCash’s in-app crypto trading feature GCrypto added the ecosystem’s token Ron to its list of available cryptos. The addition made the total available tokens on the platform to 30.
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Ron in GCrypto
On February 12, GCash revised their roster of available Coins within GCrypto, now encompassing Ron among the offerings. The token was officially launched on the app on February 15th.
“GCash’s goal is to create simple and secure bridges to the best that web3 games have to offer, and the $RON token launch is the first step in a long roadmap of tools and improvements we will be working on with Sky Mavis, the Axie Infinity community, and the Ronin ecosystem.”
Luis Buenaventura, Head of Crypto, GCash
At the start of the month, GCash announced its partnership with Axie Infinity to enhance the Filipino web3 gaming experience by introducing a direct on-ramp and off-ramp portal within GCash’s GCrypto platform.
This collaboration will allow Filipino gamers to securely transfer cryptocurrency from the Axie ecosystem to GCrypto and convert in-game currencies to fiat money or Philippine pesos within the same app. Additionally, GCrypto will serve as a conversion portal for other games within Sky Mavis’ Ronin ecosystem. The partnership aims to prioritize industry standards and enhance user safety and security while promoting blockchain technology adoption.
What is Ron?
RON serves as the designated token of Ronin Network, a blockchain platform designed for gaming and non-fungible tokens (NFTs), crafted by Sky Mavis. It facilitates various transactions within the Axie Infinity ecosystem, including trading, items, and participating in governance activities.
![[Update] Second Round of Pixels Airdrop Distributed To Ron Stakers](https://bitpinas.com/wp-content/uploads/2024/01/Ronin-Based-Pixels-Airdrop-Confirmed-–-How-To-Be-Eligible-768x402.jpg "[Update] Second Round of Pixels Airdrop Distributed To Ron Stakers 3"){kind=tracking}
Recent GCrypto Listed Tokens
XTZ
Listed in early February, $XTZ is an ISO-4217-compatible code representing tez, the native cryptocurrency of the Tezos blockchain. Tezos is an open-source, decentralized blockchain platform known for its utilization of Smart Rollups and its claim to support up to one million transactions per second.
Tron-based USDT
Last month, the platform added the Tron-based stablecoin Tether (USDT) on its roster. Tether (USDT) is a stablecoin pegged to the value of the United States dollar (USD) at a 1:1 ratio and is widely used in the cryptocurrency market for its stability and utility as a medium of exchange and store of value. Issued by Tether Limited, USDT operates on various blockchain networks, including Ethereum and Tron.
ApeCoin
Added last December, ApeCoin functions as the governance token for the ApeCoin DAO, granting owners membership and voting rights within this decentralized autonomous organization. Members can propose and vote on ApeCoin Improvement Proposals (AIPs) covering various topics such as Ecosystem Fund allocation, governance policies, partnerships, and other significant decisions.
Shiba Inu
Shiba Inu was listed on GCrypto last November; it is a meme token initially positioned as a potential competitor to Dogecoin.
This article is published on BitPinas: GCrypto Lists Ron, One Week After Axie Partnership Announcement
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