Sky Mavis Re-Locks RON Tokens to Boost Open Ronin Vision

• Ronin aligns RON tokenomics with its whitepaper, ensuring accurate circulating supply calculations on CoinGecko and CoinMarketCap.
• Sky Mavis re-locks 75% of its unlocked RON allocation, reinforcing its commitment to an Open Ronin ecosystem.

In an announcement, Sky Mavis’ blockchain ecosystem, Ronin, has taken a significant move to match the tokenomics of its native RON token with its whitepaper. By January 27th, this project will ensure accuracy by addressing disparities in circulating supply calculations recorded on CoinGecko and CoinMarketCap.

Sky Mavis Re-Lock & $RON Circulating Supply Update

What’s Happening: Ronin is taking an important step forward to ensure clarity of $RON’s circulating supply calculations, aligning with the whitepaper unlock schedule and conforming to industry standards.

This is an… pic.twitter.com/dqRJuXl1mt

— Ronin (@Ronin_Network) January 20, 2025

Clarifying RON Token Circulation and Future Movements

Ronin highlighted in the official statement that Genesis Multisigs and Smart Contracts presently hold 23.8% of the whole RON token supply unlocked and in use.

Still, these tokens are not yet categorized as circulating. Operational moves between multi-signature wallets will cause these unlocked tokens to be included in the circulating supply over the next several days.

All future and present unlocked tokens will also move from Genesis Multisigs into fresh multi-signature wallets. This change will guarantee congruence between the Ronin whitepaper and available circulating supply figures on main crypto tracking systems. There is no user action needed; the maximum supply of RON will stay at one billion tokens.

Sky Mavis Reaffirms Commitment with Token Re-Locking Initiative

Re-locking 75.0% of its unlocked token distribution—equating to 8.0% of the entire supply—Sky Mavis, the business behind Ronin, has shown even more commitment to the ecosystem.

Over the two years, these tokens will be vested quarterly. This step highlights Sky Mavis’s faith in the long-term goal and expansion of an Open Ronin.

Ronin’s development transcends mere tokenism. As we previously reported, Ronin has teamed with Zentry and Gravity to present the Web3 Ragnarok Landverse to its blockchain, therefore improving its ecosystem.

Sky Mavis also started the PHPC token, which on the Ronin network allows low-cost, quick transactions in Philippine pesos. These events underline Ronin’s increasing importance in the domains of Web3 and blockchain gaming.

Meanwhile, RON is swapped hands at about $1.61 at the time of writing, down 12.92% over the last 7 days and 7.36% over the last 24 hours.

Source