PANews reported on January 24th that cryptocurrency wallet Rainbow announced it will launch a CCA mechanism auction on Uniswap on February 2nd. Anyone can participate in the auction, and 100% of the proceeds will automatically become on-chain liquidity for RNBW. More details will be announced later.
Previously, it was reported that Rainbow would be airdropping its RNBW token TGE on February 5th. TGE would account for 15% of the total supply, with a total supply of 1 billion tokens.



Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle. Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more