Ronin Launches $4.5 Million RON Token Buyback Program
the Ronin Network announced today the official launch of the RON token buyback plan. Ronin Treasury will use approximately 890 ETH and 650,000 USDC (total value of approximately 4.5 million USD) to repurchase RON tokens. To reduce market fluctuations, the buyback will use the TWAP strategy to be completed at a rate of approximately $100 per minute over the course of one month. It is expected that after the buyback is completed, Ronin Treasury will hold approximately 9 million RON tokens, accounting for 1.3% of the circulating supply.
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