ROND

Aspect	Information
Founded Year	2022
Main Founders	Jonathan Chen, Richard Cai
Supported Exchanges	QuickSwap, Bybit, and Zaif
Storage Wallet	MetaMask, Trust Wallet, Ledger, Trezor, and so on
Customer Support	Contact Form, Twitter, Telegram, Discord, Line, YouTube, and Medium

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. To obtain more information, you can visit their website：https://genso.game/en and try to log in or register to use more services.

Pros and Cons

Pros	Cons
Decentralized Nature	Still Emerging and Unstable
Transparency of Blockchain-Based Transactions	Lack of Regulatory Oversight
Can Streamline Payments and Remittances	Subject to Market Volatility
Widely Applicable in Various Sectors	Scalability Issues

Pros of ROND:

1. Decentralized Nature: One of the core attractions of cryptocurrencies like ROND is the decentralized nature. This means that the digital currency operates outside the scope of a central authority, like a bank or a government. Consequently, it offers freedom from censorship or seizure of assets, and it may allow for greater privacy depending upon its design.

2. Transparency of Blockchain-Based Transactions: As blockchain is an integral part of ROND, it provides the benefit of transparent transactions. Every transaction that takes place on its network becomes publicly accessible by anyone on the network, ensuring transparency and security.

3. Can Streamline Payments and Remittances: ROND facilitates direct peer to peer transactions. This can potentially simplify payment processes by eliminating the need for intermediaries, like banks or payment processors.

4. Widely Applicable in Various Sectors: The technology behind ROND allows it to have a wide range of applications. From financial transactions to smart contracts to notary services, the scope of cryptocurrencies is vast.

Cons of ROND:

1. Still Emerging and Unstable: Being a part of the relatively new cryptocurrency landscape, ROND still has risks accompanying the innovation. It is susceptible to fluctuations in value and potential instability in the system.

2. Lack of Regulatory Oversight: Cryptocurrencies reside largely outside the boundaries of regulatory oversight, which can raise legal and compliance issues for some users.

3. Subject to Market Volatility: Just like with most cryptocurrencies, the value of ROND can fluctuate greatly over a short period due to the volatile nature of cryptocurrency markets.

4. Scalability Issues: As with many blockchain-based systems, scalability can be an issue as they expand. As more users join the network and more transactions take place, managing the volume efficiently and maintaining quick transaction times will become challenging.

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.

Market & Price

The price of ROND, like most cryptocurrencies, is subject to significant fluctuations.

Current Price: As of March 6, 2024, ROND is trading around $0.003377.

Volatility: ROND has exhibited 8.52% volatility in the last 30 days, indicating moderate price swings.

Recent Performance: Over the past month, ROND has seen a mixed performance with 50% green days (price increase) but a slight overall price decrease.

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 you store your ROND tokens can significantly impact their security. Reputable exchanges and wallets generally offer good security measures, but it's crucial to choose them carefully and follow best practices.

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.

Conclusion

ROND is a decentralized, blockchain-based cryptocurrency that offers potential growth possibilities across numerous sectors. As with all cryptocurrencies, the price of ROND is likely to remain volatile and, while this can present profit opportunities, it also significantly increases risk. We advise you to decide on investing it based on careful research.

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.

Risk Warning

Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.