PANews reported on December 5th that the Rainbow Foundation announced it will hold a 20% stake in the project during the Token Generation Event (TGE). This stake will be held by the Foundation on behalf of all $RNBW token holders, ensuring that token holders can share in the project's future growth. To this end, Rainbow has created a dedicated Class F stake for the Foundation. The $RNBW token will be deeply integrated into the Rainbow ecosystem, becoming the core of the platform's rewards and equity system. Users will generate income by using Rainbow's features (such as trading and prediction markets), and a portion of these earnings will be used to buy back $RNBW tokens, which will then be distributed to token holders in real time. This reward mechanism is based on real economic activity, rather than simply token releases. If the Rainbow project is acquired in the future, the foundation will be dissolved, and 20% of its equity proceeds will be distributed to $RNBW token holders. Currently, Rainbow plans to announce the specific timing of TGE early next week and prioritize completing the relevant procedures for the distribution of foundation equity. Previously, it was reported that Rainbow planned to launch the RNBW token for non-custodial crypto wallets in Q4 .PANews reported on December 5th that the Rainbow Foundation announced it will hold a 20% stake in the project during the Token Generation Event (TGE). This stake will be held by the Foundation on behalf of all $RNBW token holders, ensuring that token holders can share in the project's future growth. To this end, Rainbow has created a dedicated Class F stake for the Foundation. The $RNBW token will be deeply integrated into the Rainbow ecosystem, becoming the core of the platform's rewards and equity system. Users will generate income by using Rainbow's features (such as trading and prediction markets), and a portion of these earnings will be used to buy back $RNBW tokens, which will then be distributed to token holders in real time. This reward mechanism is based on real economic activity, rather than simply token releases. If the Rainbow project is acquired in the future, the foundation will be dissolved, and 20% of its equity proceeds will be distributed to $RNBW token holders. Currently, Rainbow plans to announce the specific timing of TGE early next week and prioritize completing the relevant procedures for the distribution of foundation equity. Previously, it was reported that Rainbow planned to launch the RNBW token for non-custodial crypto wallets in Q4 .
The Rainbow Foundation will hold a 20% stake in the project, and the specific timing for TGE will be announced early next week.
PANews reported on December 5th that the Rainbow Foundation announced it will hold a 20% stake in the project during the Token Generation Event (TGE). This stake will be held by the Foundation on behalf of all $RNBW token holders, ensuring that token holders can share in the project's future growth. To this end, Rainbow has created a dedicated Class F stake for the Foundation.
The $RNBW token will be deeply integrated into the Rainbow ecosystem, becoming the core of the platform's rewards and equity system. Users will generate income by using Rainbow's features (such as trading and prediction markets), and a portion of these earnings will be used to buy back $RNBW tokens, which will then be distributed to token holders in real time. This reward mechanism is based on real economic activity, rather than simply token releases.
If the Rainbow project is acquired in the future, the foundation will be dissolved, and 20% of its equity proceeds will be distributed to $RNBW token holders. Currently, Rainbow plans to announce the specific timing of TGE early next week and prioritize completing the relevant procedures for the distribution of foundation equity.
Previously, it was reported that Rainbow planned to launch the RNBW token for non-custodial crypto wallets in Q4 .
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Shibarium May No Longer Turbocharge Shiba Inu Price Rally, Here’s Reason
The post Shibarium May No Longer Turbocharge Shiba Inu Price Rally, Here’s Reason appeared on BitcoinEthereumNews.com. Shibarium, the layer-2 blockchain of the Shiba Inu (SHIB) ecosystem, is battling to stay active. Shibarium has slipped from hitting transaction milestones to struggling to record any transactions on its platform, a development that could severely impact SHIB. Shibarium transactions crash from millions to near zero As per Shibariumscan data, the total daily transactions on Shibarium as of Sept. 16 stood at 11,600. This volume of transactions reflects how low the transaction count has dropped for the L2, whose daily average ranged between 3.5 million and 4 million last month. However, in the last week of August, daily transaction volume on Shibarium lost momentum, slipping from 1.3 million to 9,590 as of Aug. 28. This pattern has lingered for much of September, with the highest peak so far being on Sept. 5, when it posted 1.26 million transactions. The low user engagement has greatly affected the transaction count in recent days. In addition, the security breach over the weekend by malicious attackers on Shibarium has probably worsened issues. Although developer Kaal Dhairya reassured the community that the attack to steal millions of BONE tokens was successfully prevented, users’ confidence appears shaken. This has also impacted the price outlook for Shiba Inu, the ecosystem’s native token. Following reports of the malicious attack on Shibarium, SHIB dipped immediately into the red zone. Unlike on previous occasions where investors accumulated on the dip, market participants did not flock to Shiba Inu. Shiba Inu price struggles, can burn mechanism help? With the current near-zero crash in transaction volume for Shibarium, SHIB’s price cannot depend on it to support a rally. It might take a while to rebuild user confidence and for transactions to pick up again. In the meantime, Shiba Inu might have to rely on other means to boost prices from its low levels. This…
Share
BitcoinEthereumNews2025/09/18 07:57
This Altcoin Could 1000x By 2026
The post This Altcoin Could 1000x By 2026 appeared on BitcoinEthereumNews.com. The SEC has approved a framework for the streamlined adoption of digital asset products in the United States on Wednesday, allowing exchanges to list and trade commodity-based trust shares without requiring a rule change to be filed first. This marks a significant milestone, opening the door for a surge in spot altcoin ETFs in the coming months. As a result, anticipation is building around institutional liquidity flows to the altcoin market – but which projects could perform the best? Many analysts are betting on Bitcoin Hyper (HYPER) as a potential 1000x opportunity. It has not yet launched on exchanges, so it’s not immediately eligible for a spot ETF like some of the larger altcoins. That said, its use case positions it at the forefront of blockchain innovation, which signals huge potential for price gains as institutional capital rotates through the altcoin market. The project is developing the world’s first ZK-rollup-powered Bitcoin Layer 2 blockchain, addressing Bitcoin’s key issues of slow speeds and limited functionality while maintaining its renowned characteristics of security and immutability. SEC Approves Generic ETF Listing Standards The SEC has approved a proposed 19b-4 rule change from Cboe’s BZX exchange, Nasdaq, and NYSE Arca to standardize listing requirements for crypto exchange-traded products (ETPs) and streamline the process for public trading. According to Bloomberg ETF expert James Seyffart, this move paves the way for a “wave of spot crypto ETP launches in the coming weeks and months.” WOW. The SEC has approved Generic Listing Standards for “Commodity Based Trust Shares” aka includes crypto ETPs. This is the crypto ETP framework we’ve been waiting for. Get ready for a wave of spot crypto ETP launches in coming weeks and months. pic.twitter.com/xDKCuj41mc — James Seyffart (@JSeyff) September 17, 2025 Under the new listing standards, commodities must meet one of three conditions…
Share
BitcoinEthereumNews2025/09/19 07:09
Top Altcoins to Buy Today Ahead of Major Price Moves
Discover five top altcoins primed for major price action this December as the market recovers. This analysis covers technical setups, sentiment, and price predictions for Monad ($MON), Terra Classic ($LUNC), Aster ($ASTER), Zcash ($ZEC), and the high-momentum esports presale XYZVerse ($XYZ).
Share
Cryptodaily2025/12/05 20:16