Circle acquisition of Interop Labs explicitly excludes the Axelar Foundation and the AXL token, meaning holders get no benefit. This is the misalignment @rainbow aims to fix. With $RNBW, token holders are directly aligned with the company’s success. The Rainbow Foundation holds 20% of Rainbow’s equity via a new Class F share class on behalf of $RNBW holders. If Rainbow is acquired, that stake is liquidated and proceeds are distributed to token holders. x.com/i/status/19966… @mikedemarais.eth emphasize this as a structural fix to a long-standing problem where equity wins and tokens don’t. $RNBW will be the first true ownership coin in the market. https://x.com/i/status/2001229839320408165
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My think pieces. @rainbow is generating insane revenue + rewarding users with ETH for carrying out onchain activities while being one of the most profitable consumer application in crypto. Since launch, the platform has generated over $8M + in cumulative fees, highlighting real product market fit and also able to sustain user demand. Imagine what TGE will look like Buying the ICO at $100 million fdv is a no brainer. Trillions 🫵😹
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$RNBW sale will has been live. The @rainbow sale conditions remain the same. 100% unlocked at tge for non-US purchasers. 3% of the total 1B supply is allocated for the ICO, to raise $3M at a $100M FDV. Link to sale:
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