MyCointainer becomes a Saigon Testnet Validator on Ronin Network
MyCointainer is proud to be one of the Saigon testnet validators on Ronin Network. Enhancing the Ronin infrastructure thru decentralization & test its migration to Delegated Proof of Stake.
MyCointainer is incredibly grateful to be one of the hand-picked Saigon testnet validators of the Ronin Network. Our application competed with over 250 projects and has undergone a thorough review by the Ronin team, and was then included among the 25 shortlisted applicants. After the submission of requirements and the verification of the account, we are finally selected as part of the 16 teams that can contribute to the decentralization and security of the network.
What is Saigon Testnet?
Launched in November 2022, Saigon Testnet is a development playground for Ronin builders and developers. It's a place where anyone can show the merits of their work by deploying smart contracts, which in turn makes the case for their deployment on mainnet Ronin.
What does it mean for MyCointainer?
- MyCointainer, together with other validators, will battle-test the migration from a Proof of Authority (PoA) consensus mechanism to Delegated Proof of Stake (DPoS)
- Our developers can facilitate the testing and deployment of experimental smart contracts on Saigon
- Explore possible external/internal threats in the 3 open-sourced crucial code bases
- Builders can deploy ERC20 and ERC721 tokens on Saigon, and the integration with Ronin wallet, Katana, and the Ronin bridge contract
- Ronin Team has granted MyCointainer 500k $RON Testnet tokens to initiate the testnet
Apart from the participation of MyCointainer mentioned above, the overall function we must keep is to always maintain the uptime operation of our node. We are also committed to providing intellectual feedback that can boost the efficient performance of the Ronin blockchain.
MyCointainer takes this opportunity to be part of the greater cause of enhancing the infrastructure of the Ronin Network. The fast-growing community of Ronin is not limited to gamers, but also to builders who want to develop the next generation Web 3.0 DApps, investors who want to diversify financial gains, and believers in decentralization.
We are optimistic that our experience as a validator of the Saigon testnet will enable us to participate in the mainnet of the Ronin Network in the future. Favorable staking integration on MyCointainer is yet to come that will allow us to add its native token - $RON - upon mainnet launch. To further expand our relationship with the Ronin ecosystem, we are also considering listing $AXS tokens to give our communities more value.
What is the Ronin Network?
Ronin is a blockchain built by Sky Mavis, the developers of Axie Infinity. It supports EVM-compatible smart contracts and protocols so that developers are able to build high-performance, feature-rich blockchain projects. Ronin was specifically customized to be a long-term scaling solution for Axie Infinity, meaning it’s optimized to enable virality and provide global access to the blockchain gaming revolution. These aspects make Ronin a natural fit for collectibles, art, and, of course, gaming.