This Thursday, January 27th, the OKEx exchange listed Axie Infinity RON token as RON/USDT pair, allowing users to buy and sell $RON through its interface.
RON rose 110% after being listed at $2, reaching an ATH of $4.10, however, at the time of this writing it is trading at $3.42.
RON’s market cap has already surpassed $600 million, ensuring that the newly launched token ranks 125th among the largest cryptocurrencies in the industry.
How to buy RON through OKEx?
To make a purchase of RON through OKEx you need to complete the following steps:
Step 1: Login or register at OKEx clicking here.
Step 2: Purchase USDT by clicking on “Buy cryptocurrencies” and then select the desired amount and the payment method you wish to use to make your purchase.
Step 3: Click on the “Trade” option.
Step 4: Select the “RON/USDT” pair for buy or sell the desired amount.
When you buy RON, the tokens will be included in your wallet and you will be able to sell them whenever you want.
What will RON be used for in Axie Infinity?
The main use of the RON token will be to pay transaction fees within the Ronin network.
In addition, there is a strong desire from the community to implement RON rewards within the game, which could mean greater usability of the token.
However, there is no information in this regard to indicate the adoption of the community’s wishes by Axie Infinity developers.
Importantly, the maximum supply of RON will be one billion tokens, a limit that should be reached in about 24 years, according to an estimate published in the project’s new litepaper.
This article is for informational purposes only and does not constitute a purchase or investment recommendation. We invite readers to do their proper research before investing in NFT games or cryptocurrencies, as most are highly volatile.
Translation by Marco Tulio Lanz
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