The much-anticipated governance token for its Ethereum side chain, the Ronin Network, was issued on Thursday, January 27th, by the producers of the popular P2E game, Axie Infinity, the monster battle game.
Axie Infinity's founders, Sky Mavis, released Ronin in February 2021 to speed up transactions and minimize high gas prices for players, which are both issues with the Ethereum network. Sky Mavis has finally issued its long-awaited governance token, over a year after it was first announced.
The RON Governance Token
Users will be able to pay transaction fees on the Ronin network using Ronin's governance token (RON). Furthermore, people who buy cryptocurrency RON and hold it, will have access to over 100 daily transactions. Staking RON tokens through validators to gain incentives can also be utilized for community governance and future usefulness.
Along with the launch, Sky Mavis has launched an ecosystem fund of RON tokens. The money will be used to hire additional game creators and teams to join the network.
Sky Dust, which began with a supply of 185 million RON, has announced that it will distribute 70 million RON to its community members, including gamers, in exchange for their efforts. RON in the crypto market is presently trading at $3.3499 at the time of writing.
Ronin has over 300,000 unique daily active addresses, according to Sky Dust, with over $5 billion in deposited currency. In 2021, the Ronin sidechain processed 15% of all Ethereum NFT transactions, which is a considerable amount.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
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For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
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