Crypto Unicorns Rainbow

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Discover Crypto Unicorns Rainbow's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Crypto Unicorns Rainbow?

Crypto Unicorns Rainbow (RBW) is the core value token within the Crypto Unicorns multiverse. It functions as a governance token, allowing holders to participate in DAO governance and earn staking benefits. Additionally, RBW can be used to secure high-value items and materials from the Rainbow Marketplace, enhance the gaming experience, and participate in various challenges and tournaments.

How is Crypto Unicorns Rainbow used?

Crypto Unicorns Rainbow (RBW) is the token for the Crypto Unicorns game when it resided on the Polygon blockchain. It has a fixed supply of 1,000,000,000 tokens, with a circulating supply of 196,625,256 tokens. The token is used for various in-game actions, including:

  • Breeding and evolving unicorns within the core game.
  • Participating in the Rainbow Marketplace.
  • Engaging in rituals to produce minions and increase shadowcorn prestige.
  • Purchasing supplies such as seedbags, materials, boosters, and berries from the in-game marketplace.
  • Participating in unicorn party games like bumpercorns, mob run, trivia, and bingo.
  • Crafting items through the in-game workshop.
  • Rerolling opponents in Twilight Tactics to find a good matchup.
  • Entering in-game quests.
  • Purchasing codices to craft gems.

However, with the migration of the game to XAI on the Arbitrum network, RBW is being replaced by Crypto Unicorns (CU) at a 10:1 conversion rate.

How do I store Crypto Unicorns Rainbow?

To store Crypto Unicorns Rainbow (RBW) tokens, you need a digital wallet. This wallet is an address on the blockchain that you own and use to store your digital assets, including RBW tokens and other assets like Unicorn NFTs and Land NFTs.

How to buy Crypto Unicorns Rainbow?

To buy Crypto Unicorns Rainbow (RBW) tokens, you can follow these steps:

  1. Choose a Wallet: Ensure you have a DeFi wallet that supports RBW tokens. This wallet will be used to store, exchange, and buy various tokens, including RBW.

  2. Select an Exchange: You can purchase RBW tokens on decentralized or centralized exchanges. For example, you can use Camelot, a decentralized exchange, or other centralized exchanges that support RBW.

  3. Fund Your Wallet: Make sure you have the necessary funds in your wallet to buy RBW tokens. You may need to transfer funds from another wallet or purchase them through the exchange.

  1. Buy RBW Tokens: Once your wallet is funded, navigate to the exchange and search for RBW tokens. Enter the amount you want to purchase and confirm the transaction.

  2. Store Your Tokens: After purchasing RBW tokens, store them securely in your DeFi wallet. Be aware that RBW tokens are being rebranded to Crypto Unicorns (CU) and will transition to the XAI (Arbitrum) blockchain. You are recommended to migrate your tokens at a 10:1 conversion rate.

Remember to always follow best practices for securing your wallet and tokens to avoid any potential risks.

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History of Crypto Unicorns Rainbow

The Crypto Unicorns Rainbow (RBW) token has a significant history within the Crypto Unicorns ecosystem. Initially, RBW was the primary value token for the Unicorn multiverse when the project resided on the Polygon blockchain. It was designed to have a fixed supply of 1 billion tokens, distributed over a 5-year period, with half reserved for staking and play-to-earn rewards and the rest allocated among the team, investors, early drops, and a community fund.

RBW was used for various in-game costs, market transactions, and PvP entry fees, giving it a relatively high in-game utility compared to many governance tokens in blockchain games. Additionally, it served as a governance token, allowing holders to vote on important decisions within the Crypto Unicorns universe.

However, in May 2024, Crypto Unicorns migrated to the Arbitrum-based L3 blockchain XAI, and the RBW token was replaced by the new token, Crypto Unicorns ($CU). The migration converted RBW to CU on a 10-to-1 ratio, with CU becoming the new primary value token for the Unicorn multiverse. This change marked a significant shift in the project's infrastructure and tokenomics.

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How Crypto Unicorns Rainbow works

Crypto Unicorns Rainbow (RBW) is the primary value token for the Crypto Unicorns multiverse. It is a fixed-supply governance token with a total supply of 1 billion tokens, although only a small percentage is currently in circulation. The token plays a crucial role in various aspects of the game and its ecosystem.

Governance and Staking

RBW holders can stake their tokens to participate in governance decisions that shape the future of the game. Staked RBW earns rewards in the form of additional RBW tokens. This staking mechanism allows players to have a say in the direction of the game while earning passive income.

In-Game Usage

RBW is used in several in-game activities:

  • Breeding and Evolving Unicorns: Players need RBW to breed or evolve unicorns within the core game.
  • Marketplace: RBW can be used to purchase items, materials, and boosters from the in-game marketplace.
  • Challenges and Tournaments: RBW serves as the entry fee for various challenges and tournaments, such as Jousting, Racing, and Battle Tournaments.
  • Crafting: RBW is required to craft items through the in-game workshop.
Liquidity Providing

RBW can be paired with other tokens like ETH and staked to earn rewards, contributing to the liquidity of the token.

Tokenomics

The tokenomics of RBW are designed to support the game's economy. The token supply is fixed, but the circulating supply is initially low, with a significant portion set to be released over time. This means that the value of the game needs to increase substantially to sustain the current token price as the supply increases.

Security

The project employs a multi-sig wallet treasury system to secure funds, ensuring that any transactions require a minimum number of signatures from the DAO members to execute. This adds an extra layer of security against potential hacks or malicious activities.

Overall, RBW is the central token in the Crypto Unicorns ecosystem, facilitating governance, in-game activities, and liquidity provision while ensuring the security of the project's funds.

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Crypto Unicorns Rainbow's strengths

The token Crypto Unicorns Rainbow (RBW) has several strengths that make it a valuable asset within the Crypto Unicorns ecosystem:

  1. Governance: RBW holders can participate in DAO governance by staking their tokens, allowing them to influence the direction of the project and earn staking benefits.

  2. Marketplace: RBW can be used to purchase high-value items, boosters, and materials from the Rainbow Marketplace, enhancing the overall gaming experience.

  3. Unicorn Advancement: RBW is required for breeding and evolving Unicorns, adding a layer of engagement and intrigue to the game.

  1. Participation in Challenges: RBW serves as the currency for entry fees in various activities like Jousting, Racing, and Battle Tournaments, giving players opportunities to compete and showcase their skills.

  2. Diverse Utilization: RBW can be used in various aspects of the game, including crafting items, rerolling opponents, and participating in quests, making it a versatile token within the ecosystem.

These strengths highlight the importance of RBW as a core value token within the Crypto Unicorns multiverse, providing users with a range of opportunities to engage with the game and its community.

Crypto Unicorns Rainbow's risks

Crypto Unicorns Rainbow (RBW) tokens face several financial risks:

  1. Inflation Risk: The token has a fixed supply of 1 billion, but the circulating supply is only 6% of that. The remaining tokens will be released over time, leading to a significant increase in supply, which could dilute the value of existing tokens. This inflation risk is substantial, with the supply expected to quadruple within a year.

  2. Governance Risks: While RBW holders have governance rights, the effectiveness of this governance is questionable. The token's high inflation rate and the need for significant returns to offset dilution may make it less appealing for long-term holders, potentially undermining the governance mechanism.

  3. Market Volatility: The token's value has been highly volatile, with significant price drops. For example, it has lost 86% of its ETH value, making it susceptible to market fluctuations.

  1. Dependence on In-Game Economy: The value of RBW is closely tied to the success of the Crypto Unicorns game. If the game's popularity wanes or the in-game economy falters, the token's value could suffer significantly.

  2. Competition and Adoption: The token's success relies on the adoption and popularity of the Crypto Unicorns game. If the game fails to attract and retain users, the token's value could decline.

These financial risks highlight the importance of careful consideration and thorough research before investing in Crypto Unicorns Rainbow (RBW) tokens.

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Did Crypto Unicorns Rainbow raise funds?

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Crypto Unicorns Rainbow’s team

  • Mitch: The marketing lead of Crypto Unicorns, known as the "magic marketing man" and a hardcore player of the game.

Whalee AI

The fundamental analysis assistant for crypto value investors.

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