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 .