Ronin Network Launches Staking Feature

Ronin Network has announced that its staking feature is now live. Staking will officially commence on April 12th, allowing users who contribute to the ecosystem rewards for locking up their $RON tokens.

Staking is a process where users lock up their tokens to help secure the network and earn rewards in return. Users who stake $RON can earn a portion of the transaction fees generated on the network. The more $RON they stake, the more rewards they shall be able to earn.

Before this recent launch, users could only earn $RON primarily through farming and utilizing in-game resources such as features in Axie Infinity. Now, Ronin Network is inviting its community to stake their tokens to secure the network.

To celebrate the launch of RON staking, Ronin Network has also announced its first game studio partners who will be building on the platform. These game studios range from puzzler NFT games to futuristic team-based shooters such as  The Machines Arena, Tribesters, Axie Champions, and more. 

The amount of RON you can earn from staking depends on how much you stake and the validator you choose. Validators are responsible for validating transactions on the network and are rewarded for their services. Users can choose which validator to stake with, but note that validators have until April 12th to set up their nodes, so not all validators may be available immediately.

Ronin Network's staking feature is a step towards a more decentralized and community-driven gaming ecosystem. With more game studios building on the platform and more users participating in staking, Ronin Network is poised for growth and success in the gaming industry.