I just reviewed how the $RNBW Rainbow launch went a few months ago. Basically, it was released through an auction on Uniswap CCA, quite different from typical launches. The initial price was $0.10 with a $100 million FDV, but look now: it's at $0.01 with a $14.43 million FDV. Quite a drop, honestly.



The interesting part was the structure: they auctioned 5 million tokens (0.5% of the total) accepting USDC, and then enabled airdrops in the mobile app and trading on Base. Uniswap was the chosen platform for the entire process, which makes sense considering it's a decentralized protocol.

I don't know, seeing how it dropped from that initial price to now is a good reminder that even well-structured launches don't guarantee the price will stay stable. Did anyone else participate in that Uniswap auction?
RNBW-6,31%
UNI-2,74%
USDC0,01%
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