Between late September and late October, approximately 890 ETH and around 650 K USDC worth of buybacks were executed (roughly 10 million $RON), marking the ninth-largest buyback in history.
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@Ronin_Network
@Jihoz_Axie
@AxieAur
RON Buybacks have begun!
Last week, we announced plans to swap ~$4.5M in Ronin Treasury assets to RON.
This TWAP-powered buyback will take place over the next month, representing a purchase of ~$100 USD per minute that swallows about 1.3% of the circulating supply.
A percentage of all gas fees, NFT trades, and DEX activity on Ronin will continue to flow into the Treasury.
As Ronin expands, the Treasury grows alongside it.
Here’s how it works 👇
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