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I just saw news about the Rainbow Wallet launching an auction for RNBW on Uniswap. What caught my attention is that all the proceeds go directly to liquidity provision on the blockchain—no one takes anything from it. The idea is clear: the project is serious about this.
Rainbow announced that the RNBW TGE would be on February 5, with the auction happening a little before that. The total supply is 1 billion units, with 15% of the random proceeds in the initial distribution.
The good thing is that anyone can participate in this auction—there are no complicated requirements. But the wallet said that the full details will be released later. Rainbow is really focused on transparency and fair participation, and that’s what sets it apart from many other projects that prefer insiders.