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Rainbow Wallet Foundation Allocates 20% Equity to Token Holders Ahead of TGE
12/05/2025, 07:06
12/05/2025, 08:06
AI SUMMARY
●Rainbow Foundation reveals 20% equity allocation for $RNBW token holders via "Class F" shares.
●The move aims to align token holder interests with project revenue and growth.
●Official TGE date announcement remains scheduled for early next week.
The foundation behind the popular crypto wallet Rainbow is scheduled to announce the date for its Token Generation Event (TGE) early next week.
This announcement is expected to provide specific details regarding the launch of their native token.
[Update 1] Equity Allocation Details Revealed
The Rainbow Foundation has announced a significant structural detail ahead of the TGE: it will hold 20% of the project's equity on behalf of $RNBW token holders. This structure utilizes a specific "Class F" equity category designed to align token holder interests with the project's future growth and revenue generation. The specific calendar date for the TGE is still expected to be revealed early next week.