Rainbow Token

Rainbow Token (RAINBOW) is a hyper-deflationary, ethical DeFi token operating on the Binance Smart Chain. Launched on 18 August 2021 by a UK-based team, it integrates seven distinct protocols, each represented by a colour of the rainbow, to enhance its value and utility within the cryptocurrency ecosystem.

Rainbow Token incorporates seven unique protocols, each symbolised by a different colour, contributing to its overall functionality:

• Burn (Red): A portion of every transaction is permanently removed from circulation, reducing the total supply over time and potentially increasing the token's scarcity and value.

• Buyback (Orange): The contract accumulates BNB to automatically purchase RAINBOW tokens following sales, helping to stabilise the token's price by reducing sell pressure.

• Reflection (Yellow): Holders receive automatic reflections, gaining a portion of transaction fees based on their holdings, which incentivises long-term retention.

• Charity (Green): A portion of each transaction is allocated to charitable causes, with the community voting on the recipients, highlighting the project's commitment to social responsibility.

• Liquidity (Blue): Automatic contributions to the liquidity pool with each transaction enhance stability and reduce price volatility, making the token more attractive for trading.

• Development (Indigo): Funds are reserved for the development team to cover business operations and marketing expenses, ensuring the project's sustainability and growth.

• Violet Protocol: An automatic built-in giveaway system rewards a random transaction recipient with additional tokens, creating an engaging and rewarding experience for participants.

Additionally, Rainbow Token extends its utility through its decentralised platform service, Bifrost, which aims to facilitate the launch of new tokens by offering a user-friendly interface, flexible sale options, low fees, and robust support for modern tokenomics.