RON Buybacks: Unleashing the Ronin Treasury
Ronin’s sleeping giant is waking up.
Over the past four years, the Ronin Treasury has accumulated a massive trove of tokens.
This silent stockpile has been growing in the shadows for too long.
We’re ready to unleash the beast.
On September 29th, the Ronin Treasury will begin buying RON from the open market.
This will benefit all RON holders from everyday Web3 gamers and NFT collectors to RON holders with conviction in our movement.
Here’s what’s happening 🧵👇
$RON, the gaming chain behind Axies, Pixels and 70 Web3 games, with a TVL of $750m is becoming a Ethereum Layer-2 trough OP stack.
Which means faster transactions, stronger security, more devs and more funds to Ronin, all added to what is already a successful project.
The FA, paired with the chart that looks ready to breakout, and ETH season around the corner, is definitely one to keep an eye on.
Interesting point. I believe $RON is massively undervalued given its value proposition and active users comparing to other chains. But still, sentiment is bearish because of teams massive sells. Hopefully they can turn things around @Ronin_Network@SkyMavisHQ
Strange paradox in crypto right now 👇
Ronin (L2 by Sky Mavis) has a FDV of $500M.
Axie Infinity - the flagship game token on Ronin - has a FDV of $660M.
So which is it?
- Is Axie way overpriced?
- Or is Ronin massively undervalued?
@bobbyong Interesting point. I believe $RON is massively undervalued given its value proposition and active users comparing to other chains. But still, sentiment is bearish because of teams massive sells.
I rarely open X and tweet. Seems like there's a huge thing going on because of this. Too much uncertainty. Hopefully this event triggers a positive change on @SkyMavisHQ@Ronin_Network#RON#AXS#Axie
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