Ronin Treasury Launches RON Buybacks

The Ronin Treasury is preparing to start a buyback program for RON tokens, marking a notable development for the Ronin network. Over the past four years, the Treasury has quietly built a significant reserve of assets, which now totals over $4.5 million USD. This move, scheduled to begin on September 29th, is intended to benefit RON holders across the web3 gaming community, from casual gamers to long-term investors.

Ronin Treasury Launches RON Buybacks

Understanding the Ronin Treasury

The Ronin Treasury’s holdings consist mainly of ETH and USDC, with smaller amounts in RON and wrapped RON (WRON). The Treasury has accumulated these assets through multiple sources of revenue unique to the Ronin network. These include fees from trades conducted on the Katana decentralized exchange, a percentage of Ronin Market trading volume, and a portion of fees from OpenSea activity on the Ronin chain.

The Treasury also receives a share of Ronin Name Service (RNS) registration and renewal fees, along with gas fees collected via the EIP-1559 protocol. This combination of revenue streams sets Ronin apart as a blockchain network that generates income for its protocol token through both DEX and NFT activity.

How the Buybacks Will Be Conducted

The Treasury plans to convert all of its ETH and USDC holdings into RON, a process that will account for roughly 1.3% of the current circulating supply. The buybacks will be executed onchain with the assistance of third-party market makers.

This process is expected to create additional fee revenue for the Treasury itself. The decision to act quickly suggests that the Ronin team views RON as currently undervalued and is aiming to support token growth as the network prepares for further expansion.

Ronin Treasury Launches RON Buybacks

Implications for Web3 Gaming Community

The buyback program is designed to reinforce the alignment between token holders, developers, and the broader Ronin ecosystem. With the network’s planned integration with Ethereum and growing interest from traditional financial markets, the Treasury’s actions aim to strengthen the position of RON within the web3 gaming and NFT sectors. This initiative also responds to ongoing community interest in the promised RON buybacks, providing a tangible step toward the network’s long-term goals.

Ronin Treasury Launches RON Buybacks

Commitment to RON

The Ronin Treasury has emphasized that the buybacks will focus exclusively on RON. There are no current or planned sales of RON from the Treasury, ensuring that the initiative represents a one-way investment in the token. This approach is intended to provide stability and confidence for the community as the Ronin network continues to evolve as a Layer 2 solution for Ethereum.

Frequently Asked Questions (FAQs)

What is the Ronin Treasury?

The Ronin Treasury is the reserve fund of the Ronin network, holding assets in ETH, USDC, RON, and WRON. It generates revenue through trading fees, NFT activity, RNS registrations, and gas fees.

When will the RON buybacks start?

The Ronin Treasury will begin converting its ETH and USDC holdings into RON on September 29th.

How much of RON’s supply will the Treasury buy?

The planned buybacks represent approximately 1.3% of the current circulating supply of RON.

Will the Treasury sell RON in the future?

Currently, there are no plans to sell RON. The buyback initiative is a one-way process focused solely on purchasing RON.

Why is Ronin conducting these buybacks?

The buybacks are intended to strengthen the ecosystem, support RON holders, and prepare the network for further growth within web3 gaming and NFT markets.

How will the buybacks affect the web3 gaming community?

By converting ETH and USDC into RON, the Treasury aligns the interests of token holders and developers while supporting the network’s long-term growth.