RGB project finally has some new developments. Amid the anticipation of the v0.12 trading market launch, the project team recently announced two major news: first, the testnet is about to start; second, the project's vision is quite ambitious.

It is understood that RGB is building an asset launchpad, adopting a phased innovative model. In the early stage, it operates through bonding curve and Dutch Auction mechanisms, similar to the role of traditional internal markets; in the later stage, it shifts to an AMM model, playing a role similar to external markets. This dual-layer design idea is quite interesting—it can ensure initial liquidity guidance while supporting subsequent market-based trading. The actual effectiveness will depend on the performance after the testnet goes live.