The Ronin Network is set to launch the community round of its $APRS token sale. This initiative invites players to stake wrapped Ronin ($wRON) and fulfill Know Your Customer (KYC) requirements to qualify for the sale. The event aims to engage the Ronin community by providing an opportunity to be early holders of the $APRS token.
The $APRS token is expected to become publicly tradeable after the claiming period has begun on March 26th.
Key Steps to Participate in the $APRS Token Sale
The $APRS token sale comprises three phases: the Staking Period, the Purchase Period, and the Claim Period. These stages are designed to streamline the process from staking to acquisition and final claiming of the $APRS tokens.
Phase 1: wRON Staking Period
The staking period initiates on March 13, 2024, at 06:00 UTC, and concludes on March 15, 2024, at 06:00 UTC. To participate you will need to do the following.
Step 1: Get $RON – you can check out our guide to learn how to purchase $RON.
Step 2: Wrap their $RON into $wRON through the Mavis Market.
Step 3: Satisfy KYC requirements on Ronin Launchpad.
Step 4: Stake $wRON on on Ronin Launchpad, which determines eligibility and the number of $APRS tokens they can purchase.
Phase 2: Purchase Period
Beginning on March 15, 2024, at 10:00 UTC and ending on March 17, 2024, at 04:00 UTC, this phase allows purchase of $APRS tokens. Failure to purchase tokens within this timeframe results in the forfeiture of the opportunity to secure $APRS tokens, though staked wRON can still be reclaimed. The purchases will take place on Ronin Launchpad.
Purchased tokens will have to go through a vesting period to appear in your Ronin wallet. Until Phase 3, these tokens are secured in Apeiron’s vesting portal.
Phase 3: Claim Period
The final phase, starting on March 26, 2024, marks the moment when you can claim $APRS tokens and see them in Ronin wallets. The exact start time will be announced closer to the date. Post-claim, $APRS tokens become swappable on the Katana DEX.
