🚨ALPHA BREAKING NEWS Life is funny, the Buyback of $RON just announced a grand plan but before it could pump, it coincided with the market correction and went down the drain 🤡 Here's a summary for those interested 👇 @Ronin_Network is preparing to inject over $4.5 million from the Ronin Treasury fund to buy back $RON → Purpose: To improve the price trajectory + Strengthen trust for the holder community. Especially in the context of their upcoming major advancements including Homecoming to #Ethereum & expanding Web3 gaming 1⃣ So, what has the Ronin Treasury accumulated over the past 4 years totaling more than $4.5M in assets: • 895 $ETH (~$4M) • 651,000 $USDC (~$651K) *This funding has been obtained through: • Transaction fees on DEX Katana (0.05%) • Transaction fees on Ronin Market and Opensea (0.5%) • 30% fee from the Ronin Name Service (RNS) • A portion of gas fees (EIP-1559) 👉 Currently, the majority of the fund holds $ETH & $USDC, with only ~12% in $RON/ $WRON 2⃣ Plan:...
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 🧵👇
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