Rainbow’s auction will sell 5 million RNBW tokens from February 2–5 at $0.10 each, targeting a fully diluted value of $100M through USDC contributions.
Rainbow announced the launch of its RNBW token Community Continuous Auction (CCA) on Uniswap, taking place from February 2 to February 5. The auction starts at $0.10 per token, equivalent to a $100 million fully diluted valuation, with 5 million tokens—representing 0.5% of the total supply—available for sale. Payments must be made in USDC. Proceeds will fund a liquidity pool on the Base chain managed by Arrakis Finance, with token distribution planned via Uniswap, Base, and centralized exchanges.