Rainbow Wallet's $RNBW tokens were previously launched through Uniswap's CCA auction mechanism, and the entire process was quite interesting. The auction consisted of three phases: pre-bidding, official auction, and conclusion. The starting price was set at $0.10 per token, accepting only USDC payments.



This auction on Uniswap was not very large in scale, releasing a total of 5M $RNBW tokens, accounting for 0.5% of the total supply. The fully diluted valuation was estimated at around $100 million at the time. After the auction ended, participants could directly withdraw tokens from Uniswap, and trading was also opened on the Base network.

Looking at $RNBW 's current performance, the price has dropped to $0.01, with a fully diluted market cap of approximately $14.24 million. The total supply is 1 billion tokens, and the circulating market cap is around $3.13 million. This token sale model conducted via Uniswap CCA remains quite transparent, at least eliminating concerns about backdoor manipulation.
RNBW-0.49%
USDC0.01%
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