Cryptocurrency exchange Binance made an announcement that users were eagerly awaiting. RONIN The coin will be listed by the exchange as of February 5, 2024. The transaction was initiated with four trading pairs including BTC, USDT, FDUSD and TRY (Turkish Lira).
With this listing, users can start depositing tokens immediately. Withdrawals will be available starting tomorrow.
Binance As with many assets that list for the first time, the “Seed Label” will be applied. This label indicates that new and innovative projects such as RONIN may carry high volatility and risk. The exchange pointed out that the Turkish Lira is a fiat currency, in addition to the other three trading pairs. Additionally, the opening time for withdrawals is estimated and users can follow the real-time status on the withdrawal page.
What is RONIN Coin?
Ronin is an EVM blockchain designed specifically for gaming. It was released by Sky Mavis, the creator of Web3’s debut game Axie Infinity, which earned over $1.3 billion in revenue. It is the only blockchain proven to scale a single game to accommodate millions of daily active users. The project managed to attract attention by transacting over $4 billion in NFT volumes. The project is optimized for near-instant transactions and negligible fees, enabling millions of in-game transactions to occur seamlessly, making it the leading choice for Web3 games.
Koinfinans.com As we reported, Binance reminds users who will invest to be careful. The project and its native token may experience high price volatility as it is a new and potentially high-risk token. Investors are advised to practice adequate risk management, conduct their own research and fully understand the project before starting to trade.
To access Seed Tag tokens, users must pass the relevant exams every 90 days and accept the Terms of Use. These exams are designed to make users aware of potential risks before trading.
With this new listing, Binance brings an innovative breath to the cryptocurrency market and offers new trading opportunities to its users.
