According to ChainCatcher, the crypto wallet Rainbow has released the subscription details for the RNBW token's CCA (Continuous Crowdsale Auction) launch on Uniswap. The pre-subscription period will start at 23:00 Beijing Time on February 2 and end at 23:00 on February 3, with the CAA auction commencing simultaneously and concluding at 23:00 on February 5. A single clearing price is set for each block. Orders will be matched when the clearing price is less than or equal to the user's maximum bid. The starting price is $0.1 per token, with a fully diluted market cap of $100 million, implying a market cap of approximately $19 million. The total amount to be sold via the CCA mechanism is 5 million tokens (0.5% of the total supply), with payments made in USDC. After the event, participants in the CCA can claim their RNBW tokens on Uniswap, and RNBW airdrop rewards can be claimed via the mobile app. Non-U.S. CoinList participants will receive the tokens directly, and the tokens will subsequently be available for trading on Base and centralized exchanges.
Rainbow Wallet Announces RNBW Token CCA Launch Details on Uniswap
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Summary
Rainbow Wallet has shared on-chain data regarding the CCA (Continuous Crowdsale Auction) launch of the RNBW token on Uniswap. The subscription period runs from 23:00 on February 2 to 23:00 on February 3 (Beijing time), with the CCA auction concluding at 23:00 on February 5. The mechanism employs a single liquidation price per block, executing orders if the price is less than or equal to user bids. Starting at $0.1 per token, the event features a fully diluted valuation cap of $100 million, an implied cap of $19 million, and will sell 5 million tokens (0.5% of the total supply) in USDC. On-chain analysis indicates that tokens will be claimable via Uniswap and the mobile app, with airdrops and trading on Base and centralized exchanges (CEX) to follow.
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