Here’s the latest news from Rainbow: on the day of their token generation event (TGE), their foundation will become the company’s largest shareholder, taking a full 20% stake.
This is pretty interesting—the foundation isn’t keeping this 20% for itself, but rather holding it in trust for all RNBW token holders. In other words, token holders indirectly own equity in the company through the foundation, effectively aligning community interests with the company’s development.
What’s even more important is what happens next: if Rainbow ever gets acquired, the foundation will liquidate its shares and distribute the proceeds to token holders according to the rules. This design essentially gives RNBW an extra layer of real asset backing, making it more than just a governance token.
From a mechanism design perspective, this “token + equity” hybrid model is still not mainstream in Web3 projects, so Rainbow is trying to give their token a more tangible value anchor.
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MetaverseLandlord
· 18h ago
Damn, this 20% move is really something new. Finally, there’s a project that wants to back its token with some real value.
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TokenTherapist
· 18h ago
Wow, now that's what I call innovative—finally, a project dares to peg tokens to real assets.
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20% of the shares are held by the foundation? I've seen this trick before, just worried about poor execution.
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Sounds nice, but what if it gets acquired? Can the dividends really be paid out?
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Hybrid model sounds good, but doesn't this give the foundation too much power?
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Damn, this is exactly what I want—the token finally has some real backing.
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Exactly, with this, at least RNBW has some real assets backing it, not just an air token.
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The question is whether the foundation's governance is transparent or not—we need to keep an eye on that.
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quiet_lurker
· 18h ago
Wait, isn't this just indirectly making the foundation the custodian? What if the foundation rugs?
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ImpermanentPhobia
· 18h ago
Wow, that's quite a move. It's not the foundation being greedy for itself, but rather safeguarding it for the community. I can accept that.
Here’s the latest news from Rainbow: on the day of their token generation event (TGE), their foundation will become the company’s largest shareholder, taking a full 20% stake.
This is pretty interesting—the foundation isn’t keeping this 20% for itself, but rather holding it in trust for all RNBW token holders. In other words, token holders indirectly own equity in the company through the foundation, effectively aligning community interests with the company’s development.
What’s even more important is what happens next: if Rainbow ever gets acquired, the foundation will liquidate its shares and distribute the proceeds to token holders according to the rules. This design essentially gives RNBW an extra layer of real asset backing, making it more than just a governance token.
From a mechanism design perspective, this “token + equity” hybrid model is still not mainstream in Web3 projects, so Rainbow is trying to give their token a more tangible value anchor.