Open Ronin and the $100K NFT Trading Contest: What You Need to Know

Ronin is turning heads with a major update that promise to reshape the ecosystem: going permissionless for developers with Open Ronin.

On top of this, its NFT Trading Contest is live, offering over $100,000 in rewards for traders who generate real volume and climb the leaderboard. If you’ve been eyeing the Ronin Network, now’s the perfect time to learn more and jump in.

Open Ronin for Devs

The decision to go permissionless—known as Open Ronin—is a game-changer for developers. Projects no longer must seek approval to build on Ronin; anyone can deploy dApps, tools, or services. This creates a more open, community-driven network.

Permissionless Networks

• Open Access: Anyone can join, participate, and contribute, with no gatekeepers.

• Greater Decentralization: A more resilient, community-focused ecosystem.

• More dApps & Services: Expect an influx of new applications, games, and DeFi projects enriching the Ronin environment.

Momentum is already building as teams like Nifty Island, Rumble Kong League, and Pirate Nation prepare to expand onto Ronin.

Source Ronin

The Ronin Market Trading Competition

The Ronin Market Trading Competition runs from February 10th until March 10th and is open to anyone with a Ronin Wallet—no extra registration required.

With over $100K in total prizes, including $50K in $RON for the Top 500 traders, $50K in raffled NFTs, and special partner prizes (like $KDR and $WF tokens) for the Top 10, there’s plenty of incentive to join in. To secure your spot on the leaderboard, you need to generate real trading volume and maximize your points during this exciting contest.

How Points Are Calculated: Action & Collection Boosts

Action Boost

Collection Boosts give you a chance to amplify your points even further. By trading NFTs from Pixels Pets, Mokis, Primal HeroZ, WF Lords, or Kaidro Pilots, you’ll earn a 1.25x multiplier on your trade volume—propelling you closer to the top of the leaderboard.

In simpler terms, buying an NFT using a collection offer could earn a 1.5x multiplier on that transaction. If the NFT is from one of the boosted collections, you’ll get an additional 1.25x multiplier.

New Feature: Collection Offers

This season will also see the introduction of Collection Offers on Ronin Market. Instead of bidding on a single NFT, you can make an offer that applies to every NFT within a collection.

Anyone suspected of wash trading or similar manipulations will be disqualified immediately.

Source Ronin

Tips for Successful NFT Trading on Ronin

Research Collections Thoroughly

Before diving in, investigate the NFT collections that offer the highest Collection Boost—for example, Pixels Pets, Mokis, Primal HeroZ, WF Lords, and Kaidro Pilots.

Leverage Collection Offers

If you know which NFTs you want, use the Collection Offer feature to secure them at competitive rates. This feature not only saves time but also boosts your points by 1.5x. Be strategic: look for collections with good liquidity so your offer gets accepted quickly.

Time Your Buys and Sells

The Buy action earns a 1.1x multiplier, whereas Selling applies a 0.9x multiplier. Try to structure your trades so that you’re maximizing buys in boosted collections. If you need to sell, be mindful that this has a smaller multiplier.

Manage Risk

Stay safe on Ronin’s open network by avoiding suspicious links, never sharing your seed phrase, verifying new dApps, and revoking unnecessary permissions. Keep your software updated, consider a hardware wallet, and test with small transactions to minimize losses.

Stay Updated

Follow Ronin’s official channels and social media for real-time announcements. NFT landscapes can change quickly, and being in the loop helps you respond effectively to new opportunities or challenges.

Final Thoughts

As Ronin embraces a permissionless future, expect a wave of new projects and developers to join the ecosystem.

Moreover, the NFT Trading contest rewards real trading volume with a hefty prize pool. It’s a perfect chance to explore Ronin’s open marketplace, discover new collections, and potentially earn big—all while experiencing the network’s newly unlocked potential.