5h ago
the $ron buyback in retrospect may turn out to be perfectly timed
the treasury is buying back significant stacks of its own network token from the open market
the buyback initiative has bought back 5.1 million RON so far.
that's .5% of total supply, 1 out of every 200 every tokens to ever exist
that RON that is no longer in the effective circulating supply
it could be used in a multitude of ways in the future to foster growth or reward communities, it could be held on the balance sheet. if RON does a 10x, then Ronin's treasury does a 10x as well
if it had happened when $eth was $2000, the treasury wouldn't be reaccumulating nearly as much
let's continue to double down on ourselves and our mission to becoming the biggest gaming network in the world
@Ronin_Network
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