ROND

Overview of ROND

ROND is a type of cryptocurrency that operates on a decentralized platform. As a digital currency, it allows peer to peer transactions to occur without the need for an intermediary, such as a bank or a governmental body. Unlike traditional currencies, ROND is not managed by any centralized institution, but by the collective agreement of its network of users. Its implementation and use cases are drawn from a variety of sectors, ranging from finance to record keeping.

Pros and Cons

What Makes ROND Unique？

ROND incorporates innovative factors within its design that distinguish it from other cryptocurrencies. Its blockchain-based technology, like other cryptocurrencies, provides secure and transparent transactions.

The major differentiating traits of ROND lay in its consensus mechanism, transaction speeds, scalability solutions, and the unique attributes of its utility within its ecosystem. These aspects could make it more suited to certain applications as compared to other cryptocurrencies.

Also, ROND could be designed with a particular sector or use case in mind, making it a more tailored solution for certain kinds of transactions or processes. This ranges from B2B solutions, smart contracts, privacy transactions, to community governance.

How Does ROND Work？

The working principle of ROND, like other blockchain platforms, relies on the concept of decentralization and consensus algorithms. When a transaction is initiated, it is grouped in a block with others. Miners, depending on the blockchain, validate these blocks by solving complex mathematical problems. Once a block is validated, it is added to the blockchain, and the transaction gets completed.

Consensus mechanisms such as Proof of Work or Proof of Stake, among others, are central to this process. They ensure that all transactions are confirmed without the need for an intermediary, are unchanged, and further, that the same cryptocurrency isn't spent twice.

Exchanges to Buy ROND

Here's a closer look at the three exchanges for buying ROND.

1. QuickSwap: QuickSwap is a decentralized exchange (DEX) built on the Polygon network. It allows you to purchase ROND using either USDT or Wrapped Matic (WMATIC). See this link for details on how to buy ROND: https://genso.game/ja/quickswap/.

① First, log in to your Metamask. At this time, set the network to “Matic mainnet”.

Depending on your browser, if you do not open the Metamask you want to use before accessing Quickswap, you may not be able to successfully integrate with MetamaskQucikswap.

② Access QuickSwap

③ Click Connect Wallet at the top right of the screen to connect your wallet.

④ Select the wallet to connect and enter the password. (This time we will introduce an example using Metamask)

⑤ Purchase ROND.

Step 1. From: USDT (If purchasing in another currency, change to your desired currency here).

Step 2. Enter the purchase quantity (input 100 USDT here. The ROND purchase quantity will be displayed automatically).

Step 3. Click Approve USDT ⇒ Purchase completed.

2. Bybit: Bybit is a popular centralized exchange (CEX) known for its user-friendly interface and focus on derivatives trading. If you're looking to buy ROND using USDT, a stablecoin pegged to the US dollar, Bybit offers a convenient option.

3. Zaif: Zaif is another CEX option for buying ROND. However, it caters specifically to the Japanese market and uses the Japanese Yen (JPY) as its primary trading currency. They offer a POLYGON.ROND/JPY trading pair.

How to Store ROND？

Storing ROND or any other cryptocurrency involves the use of digital wallets. These wallets help users manage their crypto assets. They interact with various blockchain to enable users to send and receive digital currency and monitor their balance.

1. Software wallets: They are applications that are downloaded on a device (desktop or mobile). They are very secure, but the level of security depends also on the security of the device where they are installed. Examples of software wallets are MetaMask, and Trust Wallet.

2. Online wallets: They run on the cloud and are accessible from any computing device in any location. They are easy to access and use, but there is a risk if the wallet company's server is hacked. Examples of online wallets include platforms like Blockchain.com and crypto exchanges that provide wallet services.

3. Hardware wallets: These are physical devices similar to a thumb drive that securely stores the user's private key offline, making them resistant to online threats. They are particularly useful for those holding a significant amount of cryptocurrency. Ledger and Trezor are popular choices.

Is It Safe？

Determining the “safety” of ROND is complex and depends on various factors. The price of ROND, like most cryptocurrencies, is subject to significant fluctuations, which can lead to potential losses. The success and stability of the Genso Metaverse, where ROND serves as the in-game currency, will influence its value.

How to Earn ROND Coins？

1. Playing the Genso Metaverse game:

Earning ROND through gameplay: The Genso Metaverse is a play-to-earn game where players can potentially earn ROND by completing quests, defeating enemies, and acquiring valuable items in the game. These items can then be sold for ROND on the game's marketplace.

2. Participating in Genso Metaverse events:

Genso occasionally offers whitelist opportunities for their private token sales, allowing early supporters to purchase ROND at a discounted price.

3. Staking ROND:

ROND allows users to earn rewards by staking their coins. Staking involves locking up your coins in a wallet to support the network's operations, and in return, you receive rewards in the form of additional coins.

FAQs

Q: What is ROND？

A: ROND is a cryptocurrency based on blockchain technology, facilitating secure and transparent peer-to-peer transactions.

Q: Is ROND a decentralized cryptocurrency？

A: Yes, ROND operates on a decentralized platform where the network of users, instead of a central body, controls the currency.

Q: What makes ROND unique in comparison to other cryptocurrencies？

A: Factors like specific consensus mechanisms, transaction capabilities, scalability solutions, or its particular use case in its ecosystem distinguish ROND from other cryptocurrencies.

Q: Where can one buy ROND？

A: ROND can typically be purchased from various digital currency exchanges, including QuickSwap, Bybit, and Zaif.

Q: How to store ROND？

A: ROND can be stored in various types of digital wallets such as MetaMask, Trust Wallet, Ledger, Trezor, and so on.