Articles · The token
Four tokens, four different answers to the question of what a holder is being paid for. RNBW returns your own fee, TWT gives status, SFP gives discounts, UNI gives a vote and little else. We go through the mechanics of each and look at the figures that adverts tend to leave out.
14 September 2026 · verified at publication
RNBW is the token of the Rainbow wallet, issued on 5 February 2026 in the Base network. Total supply is one billion. The wallet does not need it to work: you can send and receive money without holding a single one. It gives two things, and both are tied to the app's fee.
Rainbow takes 0.85% on every swap made inside the app. A token holder gets part of it back: a quarter, a half, three quarters or all of it — depending on how much RNBW sits in the wallet. The top threshold is 20,000 tokens. Nothing has to be locked up; holding is enough.
A separate lock-up that pays interest in tokens. Leaving costs 10% of the whole position, and partial withdrawal is not allowed. A detailed walk-through with live figures is on the Staking page.
One feature sets it apart from TWT and SFP, where no such mechanism exists at all: the fee withheld from those leaving is split by share value. So a position that has already grown on past accruals receives proportionally more — what was earned starts earning. This is real compounding, but what sets it off is not time, it is other people's exits, and it comes out of their money.
The key question is where the money comes from. We traced it along the chain: of the 7.1 million RNBW that passed through the project's admin wallet, about 45% was bought on the market. The rest came from the treasury, that is, from a reserve that had not moved before. So most of the payouts are a redistribution of tokens that already existed rather than new ones bought with the app's revenue. Every transfer can be followed on the Flows diagram.
| Point | RNBW | TWT | SFP | UNI |
|---|---|---|---|---|
| Whose | Rainbow | Trust Wallet | SafePal | Uniswap |
| What it is | wallet | wallet | wallet | exchange |
| Network | Base | BNB Chain | BNB Chain | Ethereum |
| Market cap | … | … | … | … |
| Fully diluted value | … | … | … | … |
| Circulating | … | … | … | … |
| From the high | … | … | … | … |
| High was on | 5 Feb 2026 | 11 Dec 2022 | 9 Feb 2021 | 2 May 2021 |
Prices, market caps and highs are from CoinGecko on the day of publication. "Circulating" is the share of total supply; the rest sits in unlocks, with teams and in treasuries.
It is not the price one. Look at the circulating share: 18% of RNBW's supply trades, against a full 100% for SFP. That is the difference between a price that one unlock can knock over and a market where the whole issue is already out and cannot get worse from that direction.
For RNBW this is not an abstraction. On 5 February 2027, 69.5 million tokens unlock — 7% of the whole supply and roughly 39% of what trades today. That single date will add a third of the current circulating amount to the market. The gap between a market cap of … and a fully diluted value of … is the measure of how much has yet to come out.
And the other side of it for SFP: a fully issued token down 93% from its high is a market that has already delivered its verdict, with no "not everyone is out yet" left as an excuse.
The clearest of the four in the way it is built, and the most honest: you pay 0.85% and part of it comes back. The benefit works out arithmetically and depends on how much you have traded. The weak point is that link to volume: if you do not trade, the token gives you nothing beyond the right to stake.
Hold more and you move up a tier, getting discounts and extra features. There is no separate declared rate of return here, as Rainbow's 0.85% is, so the benefit cannot be worked out in advance — only assessed afterwards. In exchange the token has sixty times the market cap and, with it, the liquidity.
Similar logic: fees, taking part in launches of new projects, a loyalty programme. The difference is that the whole issue is already circulating, and that changes the arithmetic: nobody is due an unpleasant surprise from an unlock.
The largest of the four and the poorest in holder rights. UNI gives a vote in governing the protocol. Talk of directing part of the fees to holders has been going on for years and keeps running into questions of regulation. For now the protocol earns billions and the token holder gets the right to vote.
RNBW works out as a discount. Take your average monthly turnover and multiply it by 0.85% — that is what you pay today. The threshold for a full return is 20,000 tokens, and what they cost right now is the price of that discount. After that it is plain arithmetic: how many months it takes to pay back.
Then there is no fee to give you back, and only staking is left — a bet that interest paid in tokens outruns the fall in the price. Over the past year, with RNBW, it did not.
Then look squarely at two figures side by side: 18% circulating, and an unlock in February. Thin liquidity works in both directions — faster upward than in large tokens, and faster downward too.
None of the four tokens is "better". All four have lost between 74 and 93% from their highs, and that is a shared trait of the whole app-token category: they rise at launch and then spend a long time looking for a reason to exist. We give no forecasts and advise neither buying nor selling — we only show how each one is built and which figures about it you can check yourself.
Everything we compute about RNBW is served machine-readable and without keys: the contract's state, the pool's history, every entry and exit. The list of endpoints is on the API page, if you want to redo the arithmetic after us.