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I saw news about the Rainbow wallet that launched an auction for the RNBW token on Uniswap last February. What caught my attention is that all the 100% proceeds go directly to the chain's liquidity, meaning the idea here is to focus on stability and liquidity from the start.
Details: The auction used the CCA mechanism, and anyone could participate in it, and the RNBW token had its TGE on February 5th shortly after the auction. The total supply is 1 billion units, with 15% allocated for random giveaways at TGE.
This Rainbow wallet focuses on ease of use and security, and this step is part of their strategy to expand in the DeFi ecosystem. The idea is simple but effective—fair distribution and a focus on liquidity from the beginning.