Update: RON Token is officially launched! Please check the following articles:
- How to Use Axie Infinity’s Katana Dex, How to Swap Tokens on Ronin Chain
- How to Farm or Earn Ron Token in Axie Infinity Katana Dex
By Shiela Bertillo
In a tweet posted on October 14, Sky Mavis, the developers of the popular play-to-earn game Axie Infinity, seemed to tease the public about the upcoming Ronin Coin (RON).
Last Tuesday, October 12, following the posting of the monthly update release of Axie Infinity, the developers have noted that the launch of the upcoming Ronin Dex, the inhouse digital currency exchange under Sky Mavis, where RON token will probably be used, is “getting closer”, yet the developers still can’t reveal the exact date as of now.
On the other hand, the staking program of Axie Infinity Shards (AXS), one of the game’s governance coins, was launched last September 30. The initiative was launched to allow Axie Infinity players and investors to lock up their AXS and earn AXS rewards. (Read more on: Axie Infinity Launches AXS Staking Program)
Following this, big renowned gaming firms such as Yield Guild Games (YGG) and The SandBox also joined the AXS staking wave, staking more or less $28 million worth of AXS combined. (Read more on: Big Gaming Firms Stake Their AXS)
Consequently, 2 weeks after the launch of the program, as per the tweet of Axie Infinity’s twitter account, the staking contract was audited by OpenZeppelin.
OpenZeppelin, an open-source framework building secure smart contracts, has conducted numerous audits of various blockchain projects to date, such as DeFi, Aave, Balancer, Compound, dYdX, Uniswap, and others.
Currently, as of October 14, the Axie Infinity community have staked over $2.5B of AXS, which is roughly more than ¼ of the total circulating supply as reported by The Defiant.
This article is published on BitPinas.com: RON Token Coming Soon? AXS Staking Dashboard is Audited by leading audit firm Open Zeppelin