Rainbow Wallet launched an interesting auction last February on Uniswap using the CCA mechanism, and the idea was very appealing because anyone could participate and contribute directly. What I liked is that all proceeds automatically went to boost liquidity on the RNBW token on-chain, reflecting Rainbow's commitment to sustainability.



A few days after the auction, the actual token launch took place on February 5, and the distribution was logical with 15% allocated to random giveaways. The total supply reached one billion units, which is a reasonable number for the project.

Notably, the Rainbow team chose Uniswap specifically for the auction, indicating their desire to stay within the decentralized ecosystem. This type of launch has become more common because it gives the community a real opportunity to participate rather than focusing solely on large investors.
RNBW-1.73%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments