Ronin launches $4.5 million RON token buyback program
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Jinse Finance reported that Ronin Network officially announced the launch of its RON token buyback program today. The Ronin Treasury will use approximately 890 ETH and 650,000 USDC (total value about $4.5 million) to buy back RON tokens. To reduce market volatility, the buyback will adopt a TWAP strategy, executing at a rate of about $100 per minute over the course of one month. Upon completion, the Ronin Treasury is expected to hold about 9 million RON, accounting for 1.3% of the circulating supply.
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