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BNB What Is Ronin?
Ronin is a blockchain platform designed specifically for gaming applications, providing high throughput and low transaction fees. Utilizing the Proof of Stake (PoS) consensus mechanism, Ronin offers a scalable and secure environment for gaming dApps and NFT projects, aiming to enhance the gaming experience with blockchain technology.
Is Ronin Staking Safe?
For the average user, staking RON tokens is as safe as simply storing them in your wallet. All transactions, whether in a wallet or staked, are processed by smart contracts and the blockchain without human intervention. Therefore, staking offers the same level of reliability and security as keeping tokens in a wallet.
Why You Need to Stake Ronin?
Staking is an integral part of blockchains operating on the PoS protocol. Let’s explore the main reasons users stake RON:
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Supporting the Ronin Blockchain: For the stable and secure operation of the Ronin blockchain, transaction validation is required, which is only possible with a large and decentralized volume of staked RON tokens. This is why many users participate in staking their favorite blockchain’s tokens.
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Investments: Users who invest in tokens for the long term choose staking as an additional income multiplier and protection against inflation. Staking is as reliable and safe as storing tokens in an address while providing good returns.
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Exploring New Features: Many users limit themselves to simple token transfers. However, some want to explore all the blockchain’s possibilities, thus experimenting with swaps and staking.
Storing and Staking RON
You can store RON tokens and stake them simultaneously. For example, allocate some tokens for long-term investment and stake them, while keeping a small portion for operational purposes, such as paying transaction fees for RON tokens or NFTs. You decide how many RON tokens to stake and can also withdraw tokens from staking.
I Want to Learn More About Staking RON
We have prepared a special tutorial to help you understand RON staking - Learn more about staking RON
