ETH Game Axie Infinity Launched Ronin DEX: Report

ETH Game Axie Infinity Launched Ronin DEX: Report

The ETH Game Axie Infinity launched the Ronin sidechain for ethereum with its own decentralized exchange called Katana. In today’s Ethereum news, we are reading more about the latest developments.

The ETH game Axie Infinity launched Ronin as a sidechain that now has its own decentralized exchange Katana that allows users to swap tokens without bridging to ETH and has a new ecosystem token of its own called RON. Ethereum-based game Axie Infinity surged in popularity over the summer following the launch of Ronin, a custom sidechain that enables speedy, low-cost transactions and now has an added utility with the rollout of its own decentralized exchange with the game’s token surging in value as well.

ronin

Launched early this morning, Katana is a DEX that runs on Ronin and makes it easier for Axie Infinity players to swap the tokens on the sidechain. This means that the players don’t have to bridge the tokens to Etheruem first which also brings fees and other problems in the process. With the initial version of Katana, players can swap Axie Infinity’s Smooth Love Potion reward token and the AXS governance tokens along with the Wrapped Ethereum and the USDC dollar-pegged stablecoin. Because it is a decentralized exchange, all transactions take place on the user-backed liquidity pool that has no centralized authority or middlemen.

Sky Mavis, the Axie Infinity developers, launched a new RON ecosystem token that will be used for all Ronin transactions. Right now, users are allowed 100 free Ronin transactions per day but the network will move to use RON for all Ronin fees. Also, users are able to stake the tokes into SLP/ETH pools on Katana and bring more liquidity and earn rewards.

“Today, we take one step closer to a more prosperous future for our nation ✨

Katana, the Ronin Dex, is live!

You can now deposit liquidity and swap tokens. RON rewards will be activated for the AXS/ETH & SLP/ETH pools later this week.

Full article https://t.co/4vD5PLp4F5 pic.twitter.com/QXmEs5YfOj

— Axie Infinity November 4, 2021”

Axie’s SLP token pumped quite a bit since Katana’s launch this morning and it is up 78% to a price of $0.12 per token. SLP is key to the monster battling game’s play-to-earn model so the users can earn token rewards for competing against other players online. The AXS governance token is also up by 10% over the past day to a current price above $150. Axie Infinity is quickly becoming the most prominent blockchain game on the market.

  • Bitcoin
  • Ethereum
  • Tether
  • Cardano
  • Polkadot
  • Binance coin
  • Dogecoin
Scan to Donate Bitcoin to 194astnfvj2nr6izGJFwG9ebRqNU7ynQYY

Donate Bitcoin to this address

Scan the QR code or copy the address below into your wallet to send some Bitcoin

Scan to Donate Ethereum to 0xe5853a1d08b3ea0bb69276b0e40cdf858968d822

Donate Ethereum to this address

Scan the QR code or copy the address below into your wallet to send some Ethereum

Scan to Donate Tether to 0xe5853a1d08b3ea0bb69276b0e40cdf858968d822

Donate Tether to this address

Scan the QR code or copy the address below into your wallet to send some Tether

Scan to Donate Cardano to DdzFFzCqrhsu1xWeeGai3gbgsbrFP26zPaVrCJqqF286carQJmAkTitRQSUCLhYLpKCotroRRNpKj7YcnAJQqpSfsHHdj8nUaitPvH4j

Donate Cardano to this address

Scan the QR code or copy the address below into your wallet to send some Cardano

Scan to Donate Polkadot to 155rGKVEanCxpi5EqGh8yh1AkGpm6bVUa7RQNydA38KzbhNu

Donate Polkadot to this address

Scan the QR code or copy the address below into your wallet to send some Polkadot

Scan to Donate Binance coin to bnb136ns6lfw4zs5hg4n85vdthaad7hq5m4gtkgf23

Donate Binance coin to this address

Scan the QR code or copy the address below into your wallet to send some Binance coin

Tag/Note:- 105346725
Scan to Donate Dogecoin to DKN9sscVgSBVyG7f9PYJq2D3BhWK5ffUmK

Donate Dogecoin to this address

Scan the QR code or copy the address below into your wallet to send some Dogecoin


Credit: Source Link

Comments are closed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy
WP Twitter Auto Publish Powered By : XYZScripts.com