PANews reported on February 2nd that the cryptocurrency wallet Rainbow released the auction details for its RNBW token on Uniswap, initiating the CCA mechanism auction. Pre-bid will open at 23:00 (UTC+8) on February 2nd and continue until 23:00 on February 3rd, simultaneously launching the CCA mechanism auction (ending at 23:00 on February 5th). The starting price is $0.1 per token, with a fully diluted market capitalization (FDV) of $100 million (implying a market capitalization of approximately $19 million). The total supply of CCA tokens is 5 million (0.5% of the total supply), and payment will be made in USDC.

Previously, it was reported that the cryptocurrency wallet Rainbow would launch a CCA auction on Uniswap on February 2.