Ronin

Ronin Shifts to Ethereum on May 12, Unveils New Rewards

The Ronin network is set to integrate with Ethereum as a Layer 2 solution on May 12, significantly reducing RON token inflation from over 20% to under 1%. A new reward system, Proof of Distribution, will allocate RON based on builders' on-chain activities like NFT volume and gas spend. The migration will involve approximately 10 hours of downtime for key on-chain operations.