“SLP is still on the ground LOL, if this coin stays like that, I will drop Axie man,” said one disgruntled player.
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On Thursday, Sky Mavis, creator of monster-slaying game Axie Infinity, released the much-anticipated RON governance token. Its Ethereum-based token (ETH) Ronin network sidechain. Its purposes include paying for transactions on Ronin, staking and participating in community proposals.
According to its developers, Ronin has more than 250,000 unique daily active addresses. When ranked by weekly active users, Katana, Ronin’s decentralized exchange (DEX), is the 2nd largest DEX. Additionally, the blockchain has surpassed $5 billion in deposit value, with 15% of all NFT transactions happening on the network in 2021. In total, there have been over 2 million downloads of the Ronin wallet. It is also claimed to be eco-friendly, with one Bitcoin said to use an equivalent amount of energy to hit nearly 700 million Ronin transactions.
But hopes of a smooth launch were offset by complaints from some Axie Infinity players. In Axie Infinity, users are rewarded with an asset called Smooth Love Potion (SLP) for completing tasks. Top users can earn around 1,400 SLP per day playing Axie Infinity or 680 SLP if they join a clan. As a result of the crypto bear market, the SLP has dropped from $0.36 in May to $0.01 in recent weeks. Many players took to Twitter to express their disappointment at Axie Infinity shifting its focus to developing RON instead of doing more to enhance the value of SLP.
So hype for your new coin? But no developer cares about the status of slp lol. Always talking about the Very long journey? So will slp continue its downtrend until your pocket is full of investors’ money? @AxieLima
– irfanCrkes (@irfan77755082) January 27, 2022
However, players may get some respite as 70 million from an initial circulating supply of 185 million will be given to various community members (including players) for their contributions. their contribution. At the time of publication, each RON is currently worth 3.30 USDT on OKX.
$ RON The transaction is in progress @okx!https://t.co/RjpzTHBbHp
– Axie Infinity (@AxieInfinity) January 27, 2022