$RAINBOW takes 7 colors, and assigns each of them a special protocol that is built into the tokenomics of the smart contract.
## Red: Burn
The red protocol is the burning protocol, where a part of each transaction is immediately and permanently burned straight to the dead address.
## Orange: Buyback
The orange protocol is the buyback protocol, which collects BNB inside of contract incrementally to then be used automatically to buy back tokens after each and every sell.
## Yellow: Reflection
The yellow protocol is autonomous reflection. This works by "reflecting" a portion of each transaction back to every single holder based on the percentage of the total supply that they own.
## Green: Charity
The green protocol takes a portion of each transaction and uses it for donating to community-voted charities. The charity process is voted in by the community at intervals so that we can effectively give back to multiple different areas of need such as animal welfare, poverty, ecosystem preservation and healthcare!
## Blue: Liquidity
The blue protocol is dedicated to automatically growing the size of the liquidity pool. The larger liquidity means that in the long run the token will more effectively retain its value.
## Indigo: Development
The indigo protocol is a cut that is taken for the development team to cover business and marketing expenses.
## Violet: Giveaway
The violet protocol is an automatic built-in giveaway system, which rewards a random transaction recipient with an amount of tokens!
# What is the utility of $RAINBOW?
RAINBOW plans to develop a decentralized platform service called Bifrost that allows users to launch their own tokens in a safe way. It wishes to improve upon current solutions, with a particular focus on reduced fees.
Bifrost features:
* Clean user interface
* Flexible and modifiable sales
* Public and private presales with whitelisting features
* Low and fair fees
* Can pair with any token for liquidity launching
* Active customer support team
* Good accommodation for modern tokenomics
How to Buy RAINBOW on an Exchange
Step 1: Choose a Reputable Exchange Platform
Select a trusted platform from among many available options for purchasing RAINBOW. Some reputable platforms include HTX、Bybit、Bitget, and others.
Step 2: Register an Account
Here, we'll register an account on theBybit(registration link) trading platform. You may need to provide personal information such as phone number and email to complete the registration process.
Step 3: Complete Identity Verification
For security purposes, some platforms may require you to complete identity verification. Follow the platform's instructions to provide necessary identity information (such as country/ID number) and undergo facial recognition. Once your identity is confirmed, you'll receive notification.
Step 4: Link Bank or Payment Method
Link your bank account or other payment methods to the exchange platform for making payments when purchasing RAINBOW.
Step 5: Purchase RAINBOW
Find the option to buy coins on the exchange platform, choose the C2C coin purchase process, and then input the quantity of RAINBOW you wish to purchase. Typically, you'll choose to buy USDT first and select your preferred payment method. Simply place the order, make the payment to the seller, and you'll receive the cryptocurrency. Once payment is complete, you can use your exchange assets to buy RAINBOW.
Step 6: Store Your RAINBOW
After purchasing, you can choose to store your RAINBOW in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.
Step 7: Security Reminder
To protect your exchange account and RAINBOW assets, be sure to use a strong password and enable two-factor authentication.
RAINBOW Price:$RAINBOW takes 7 colors, and assigns each of them a special protocol that is built into the tokenomics of the smart contract.The price fluctuates daily, You can go to the exchange: Bybit to check the price.
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