RON is the ecosystem token of the Ronin blockchain. The main function of this token is to secure and decentralize the Ronin Network. All transactions on the Ronin network will incur a fee in the form of RON, much like ETH on the Ethereum Network.
The maximum supply of Ron is 1,000,000,000.
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Please see the Ronin Litepaper for a more in-depth explanation of the significance of the RON token.
Ronin validators are the backbone of the Ronin ecosystem. Validators play a critical role in ensuring the security and reliability of the Ronin Network by validating transactions and preventing malicious actors from compromising the network.
Validators must hold and stake RON tokens in order to validate blocks. They are incentivized to do so through a rewards system in which newly issued RON tokens are divided and issued amongst validators and their delegates.
In the future, RON holders can stake their tokens with a validator to earn rewards (RON) and participate in securing and stabilizing the network.
Validators are selected through a strict screening process. To apply to become a Ronin validator, please see here.
Please also see the articles below for more information on Ronin validators and running a validator node: