Here is a quick guide to trading Rainbow ($RNBW) on Whales Market. It is the leading pre-market DEX platform for pre-TGE tokens and allocations, with more than $300M in trading volume.
What is Rainbow?
Rainbow Wallet is a decentralized (non-custodial) wallet dedicated to the Ethereum ecosystem. It allows users to store, send and receive digital assets (ETH and ERC-20 tokens), as well as manage NFTs with ease.
Rainbow is built on the Ethereum platform, launched in 2019 by three founders: Christian Baroni, Jin Chung and Mike Demarais. Rainbow also supports quick connection to many popular DeFi and NFT platforms in the Ethereum ecosystem.
Specialities of Rainbow
- Open source: Open source plays an important role in ensuring Rainbow's security. Users can check the source code on Github to verify transparency and create opportunities for the community to evaluate, detect vulnerabilities and suggest improvements. This not only promotes accountability but also prevents risks from hidden backdoors or security vulnerabilities during software use.
- Experienced team: Rainbow's development team is experienced from famous wallets such as MetaMask. Different from other wallets, Rainbow stands out with proactive support, ensuring that any problems or questions from users are resolved quickly and with quality.
- Personal information security: Rainbow puts personal information protection first and adheres to a strict policy of not collecting any personal information from users. Without asking for information like email addresses or names, Rainbow helps minimize the risk of sensitive information being leaked from data theft or unauthorized access.
$RNBW Information
$RNBW Key Metrics
Here is the information of $RNBW
- Token Name: Rainbow
- Ticker: $RNBW
- Token Type: TBA
- Total Supply: 1B $RNBW
- Contract address (CA): TBA
$RNBW Use Case
Currently, Rainbow Wallet has not announced any official use case of $RNBW for the project. Whales Market will update immediately when the official Rainbow Wallet website announces.
$RNBW Listing Details
Here are important details revealed to $RNBW:
- Listing time: TBA
- Confirmed CEX Listings: TBA
- Pre-market Price (Whales Market): TBA
$RNBW Tokenomics
- Total Supply: 1B $RNBW
- Token Allocation:
- Team: 12.2%
- Airdrop: 15%
- Presale: 3%
- Treasury: 47%
- Investors: 7.8%
- Community: 15%
How to trade $RNBW on Whales Market
Here’s how to trade Rainbow ($RNBW) step by step:
Step 1: Join Whales Market
Join Whales Market Website, connect wallet and choose “RNBW token”
Step 2: Create Order
If you want to buy $RNBW before listing, or sell your token allocation at your preferred price, simply click “Create Order” button on the platform.
Step 3: Set Price & Amount
To place an order, simply choose between “WANT TO BUY” or “WANT TO SELL”, then select the method by which your order will be filled. To confirm, you’ll need to deposit collateral equal to the value of your order.
Step 4: Confirm Order
To proceed, deposit your collateral and sign the transaction through your wallet. The collateral will remain locked until the Settlement phase if your order is filled. This ensures fairness and trustless execution between all parties.
You can cancel your order and receive your collateral back as long as it hasn’t been filled. Or you can resell your position via Resell Position.
Step 5: Order Goes Public
Once created, your order will be visible on the platform. If you selected “WANT TO BUY”, it will appear under the Sell tab, and if you chose “WANT TO SELL”, it will be listed in the Buy tab. From there, other users can view and fill your order.
Step 6: Buy or Sell Available Orders
If you find a good deal from another user, simply select the order, deposit your collateral, and you’re all set.
Step 7: Settlement Phase
At the time of TGE (or CEX listing), the Settlement Phase begins. Sellers are given a 4-hour window to transfer tokens to buyers. Failure to settle within this timeframe results in the loss of their collateral, which is then transferred to the buyer.
Conclusion
With eye-catching design, many useful features such as NFT management, points accumulation, free mint and Layer 2 support, Rainbow is gradually asserting its position in the crypto community.
Disclaimer: This article is for informational purposes only, not investment advice, and Whales Market is not responsible for any of your investment decisions.
FAQs
1. What is the native token of Rainbow?
The native token of Rainbow is $RNBW, used to facilitate coordination across the ecosystem.
2. What is Rainbow ($RNBW) pre-market price?
Currently, $RNBW is trading on Whales Market. Whales Market is the leading pre-market DEX platform to trade pre-TGE tokens and allocations, with over $300 million in volume, no middlemen, trustless and on-chain.
3. What is the price of Rainbow ($RNBW) today?
While Rainbow ($RNBW) hasn't been listed yet, users can trade $RNBW pre-market on Whales Market before the TGE. Here you can trade $RNBW before the asset gets listed on leading CEXes like Binance, Bybit or OKX.
4. How can I trade $RNBW before official listing?
You can buy or sell pre-TGE $RNBW on Whales Market by creating or filling orders with collateral-based settlement.
5. What is the $RNBW allocation?
Token supply is mainly allocated to the Treasury (47%), followed by Community incentives and Airdrops (30% combined). The remaining distribution goes to the Team (12.2%), Investors (7.8%), and Presale participants (3%).