[Crypto World] There was an interesting piece of news on December 5th—Rainbow Foundation made a big move.
At the TGE, they will directly become a major shareholder of Rainbow Company, acquiring a 20% stake. More importantly, the foundation specially designed a “Class F stock” mechanism, allowing everyone holding $RNBW tokens to grow with the company and share in the profits. If the company is ever acquired, the foundation will distribute the net assets to token holders.
The $RNBW token is not just for show; it will be deeply integrated into Rainbow’s products, serving as the native token for the rewards system and ownership mechanism. The foundation also specifically mentioned that they will update the detailed TGE timeline early next week.
This design that links tokens to company equity is a relatively novel attempt in Web3 projects. For those following this project, next week’s timeline update is worth keeping an eye on.
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GasGrillMaster
· 17h ago
Wait, F-class stocks? That sounds like skirting the edge of legality. Can that really work?
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RamenDeFiSurvivor
· 17h ago
Tokens directly tied to equity? This scheme feels a bit familiar to me... Let's wait for the schedule to come out next week before we talk.
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Gm_Gn_Merchant
· 17h ago
Wait, can F-class shares really distribute dividends to token holders? Or is this just another pitch to fleece retail investors...
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FarmToRiches
· 18h ago
Wait, can F-class stocks pay dividends directly? Or do they only follow the growth? There’s a difference between the two.
Rainbow Foundation has come up with a new idea: token holders can share in the subsidiary's equity earnings.
[Crypto World] There was an interesting piece of news on December 5th—Rainbow Foundation made a big move.
At the TGE, they will directly become a major shareholder of Rainbow Company, acquiring a 20% stake. More importantly, the foundation specially designed a “Class F stock” mechanism, allowing everyone holding $RNBW tokens to grow with the company and share in the profits. If the company is ever acquired, the foundation will distribute the net assets to token holders.
The $RNBW token is not just for show; it will be deeply integrated into Rainbow’s products, serving as the native token for the rewards system and ownership mechanism. The foundation also specifically mentioned that they will update the detailed TGE timeline early next week.
This design that links tokens to company equity is a relatively novel attempt in Web3 projects. For those following this project, next week’s timeline update is worth keeping an eye on.