Rainbow is gearing up for the launch of its RNBW token, announcing a snapshot for its upcoming airdrop. According to the results published in the material, the snapshot will take place on January 26th at 16:20 EST, with the official airdrop set for February 5th.
Total Supply of RNBW Tokens
The total supply of RNBW tokens is capped at 1 billion, as previously revealed by Rainbow. The distribution plan for the Token Generation Event (TGE) allocates the following percentages of the tokens:
- 15% for airdrops
- 3% for community presales through CoinList
- 47% for the treasury
- 12% for the team
- 8% for investors
- 15% for the community
Circulating Supply at TGE
At the time of the TGE, the circulating supply will be approximately 20%, which includes allocations for airdrops, presales, and other distributions. This structured approach aims to ensure a balanced and fair distribution of the RNBW token among various stakeholders.
Recently, Sky Protocol executed a significant buyback of its SKY tokens, reinforcing its commitment to enhancing token value. This strategic move contrasts with Rainbow's upcoming RNBW token launch. For more details, see read more.
