What is the use of Ronin coin?

Beyond serving as a medium for transaction fees, RON coins also offer users the opportunity to participate in liquidity mining. This innovative feature allows users to earn RON tokens by contributing to the liquidity pools of SLP and AXS tokens on the Katana DEX.

The liquidity mining program on Katana DEX was a significant event that took place throughout 2022. It provided users with an incentive to support the network by adding liquidity to key token pairs, thus enhancing the overall liquidity and stability of the Ronin network.

By earning RON tokens through liquidity mining, users not only contribute to the growth and success of the Ronin network but also benefit from the increased value of their holdings. This symbiotic relationship fosters a thriving community that is invested in the long-term success of the network.

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Ronin tokens, or RON coins, serve a pivotal role in the Ronin network ecosystem. Their primary purpose is to facilitate the payment of transaction fees, ensuring seamless and efficient operations within the network.