PANews reported on January 24th that cryptocurrency wallet Rainbow announced it will launch a CCA mechanism auction on Uniswap on February 2nd. Anyone can participate in the auction, and 100% of the proceeds will automatically become on-chain liquidity for RNBW. More details will be announced later.

Previously, it was reported that Rainbow would be airdropping its RNBW token TGE on February 5th. TGE would account for 15% of the total supply, with a total supply of 1 billion tokens.