The foundation will retain 20% equity during the event, with $RNBW holders gaining rewards and rights tied to buybacks and token distribution.
Rainbow Foundation announced it will hold 20% of the project’s equity during its upcoming Token Generation Event, with all $RNBW holders collectively representing this stake. $RNBW tokens will serve as the core mechanism for rewards and rights within the Rainbow ecosystem. Fees collected will be used to buy back and distribute tokens to holders. The foundation previously stated that proceeds from the equity and potential acquisition payouts will be shared among token holders, with the foundation dissolving in such scenarios.